MongoDB Full Year 2024 Earnings: Beats Expectations
MongoDB (NASDAQ:MDB) Full Year 2024 Results
Key Financial Results
Revenue: US$1.68b (up 31% from FY 2023).
Net loss: US$176.6m (loss narrowed by 49% from FY 2023).
US$2.48 loss per share (improved from US$5.03 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MongoDB Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
In the last 12 months, the only revenue segment was Data Processing contributing US$1.68b. The largest operating expense was Sales & Marketing costs, amounting to US$782.8m (52% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$57.1m. Explore how MDB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 7.3% from a week ago.
Risk Analysis
Be aware that MongoDB is showing 2 warning signs in our investment analysis that you should know about...
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