MongoDB Reports Strong Q3 Earnings but Faces Stock Decline After CFO Departure Announcement

The database software company exceeded revenue and profit expectations but saw shares fall following news of a key leadership change.

MongoDB reported Q3 revenue of $529.4 million, a 22% year-over-year increase, surpassing analyst estimates of $497.65 million.
Non-GAAP earnings per share came in at $1.16, significantly beating the expected $0.67 per share.
The company raised its fiscal 2025 guidance, projecting revenue up to $1.977 billion and EPS between $3.01 and $3.03, both above prior forecasts.
Shares initially rose after the earnings announcement but later fell as investors reacted to the upcoming departure of CFO and COO Michael Gordon in January 2025.
Analysts noted mixed reactions to the earnings, with strong Enterprise Advanced revenue but less robust growth in the Atlas cloud offering.