MongoDB Inc., a cloud database company, saw its shares fall by 20% in extended trading on March 6, 2025, despite reporting a strong performance for its fourth quarter that ended on January 31. The company announced it had revenue of $368 million for Q4, which exceeded Wall Street expectations of $354.2 million, showcasing a significant 25% year-over-year growth. However, MongoDB’s guidance for the upcoming quarter dampened investor sentiment as the company anticipates revenue between $379 million and $381 million, falling short of the analysts’ expectations of $397.1 million. CEO Dev Ittycheria expressed his disappointment regarding the forward-looking guidance, stating, “While our performance this quarter was strong, the macroeconomic environment remains uncertain, impacting our projections moving forward.” The report indicated that MongoDB reported a net loss of $49.6 million or $1.23 per share, a slight improvement compared to the loss of $55.2 million or $1.36 per share in the same quarter last year. For the entire fiscal year 2025, the company reported a total revenue of $1.32 billion, marking a 33% increase from the previous year. Analysts have noted that the decline in MongoDB’s stock is reflective of growing investor caution amid economic conditions, despite the company showing strong customer growth and retention rates. Shares opened at $388.00, marking a steep decline from its previous closing price.
MongoDB Shares Plunge 20% Despite Strong Q4 Results Due to Weak Outlook
