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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 478M | 6.1% |
| Gross Profit | 350M | 6.7% |
| Cost of Revenue | 402M | 1.2% |
| Operating expense | 421M | 1.1% |
| Net Income | -55M | 32.3% |
| EBITDA | -47M | 34.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.13B | 3.2% |
| Total Liabilities | 1.77B | 0.2% |
| Total Equity | 1.36B | 7.4% |
| Shares Outstanding | 74M | 0.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.4M | 102.2% |
| Cash from investing | 290M | 703.2% |
| Cash from financing | 188M | 16594.4% |
EPS
Financial Highlights for MongoDB in Q3 '24
MongoDB reported a revenue of 478M, which is a 6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 350M, marking a 6.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 402M, a -1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 421M, showing a -1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -55M, showing a 32.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -47M, showing a 34.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for MongoDB with growth in revenue, gross profit, and net income.
