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MongoDB . MongoDB , Inc. Announces Third Quarter Fiscal 2022 Financial Results December 6 , 2021 Third Quarter Fiscal 2022 Total Revenue of $ 227 million , up 50 % Year - over - Year Continued Strong Customer Growth with Over 31,000 Customers as of October 31 , 2021 MongoDB Atlas Revenue up 84 % Year - over - Year ; 58 % of Total Q3 Revenue NEW YORK , Dec. 6 , 2021 / PRNewswire / -- MongoDB , Inc. ( NASDAQ : MDB ) , the leading modern , general purpose database platform , today announced its financial results for the third quarter ended October 31 , 2021 . MongoDB " MongoDB delivered another fantastic quarter , highlighted by 84 % Atlas revenue growth and increasing our customer count to over 31,000 . Our continued success reflects the adoption of our application data platform by customers who need to innovate faster to compete in today's marketplace , " said Dev Ittycheria , President and Chief Executive Officer of MongoDB . " We believe a key driver of our success has been the early , but growing , trend of customers choosing MongoDB as an enterprise standard for their future application development . Our success across industries and a wide variety of use cases puts us in a great position to build even deeper relationships with our customers over time . " Third Quarter Fiscal 2022 Financial Highlights • Revenue : Total revenue was $ 226.9 million in the third quarter fiscal 2022 , an increase of 50 % year - over - year . Subscription revenue was $ 217.9 million , an increase of 51 % year - over - year , and services revenue was $ 9.0 million , an increase of 35 % year - over - year . • Gross Profit : Gross profit was $ 158.4 million in the third quarter fiscal 2022 , representing a 70 % gross margin , up from 69 % gross margin in the year - ago period . Non - GAAP gross profit was $ 163.9 million , representing a 72 % non - GAAP gross margin . • Loss from Operations : Loss from operations was $ 76.8 million in the third quarter fiscal 2022 , compared to $ 58.1 million in the year - ago period . Non - GAAP loss from operations was $ 3.5 million , compared to $ 16.0 million in the year - ago period . • Net Loss : Net loss was $ 81.3 million , or $ 1.22 per share , based on 66.4 million weighted - average shares outstanding in the third quarter fiscal 2022. This compares to $ 72.7 million , or $ 1.22 per share , based on 59.4 million weighted - average shares outstanding , in the year - ago period . Non - GAAP net loss was $ 7.2 million or $ 0.11 per share . This compares to $ 18.2 million or $ 0.31 per share in the year - ago period . • Cash Flow : As of October 31 , 2021 , MongoDB had $ 1.8 billion in cash , cash equivalents , short - term investments and restricted cash . During the three months ended October 31 , 2021 , MongoDB used $ 5.8 million of cash from operations , used $ 2.2 million of cash in capital expenditures and used $ 1.2 million of cash in principal repayments of finance leases , leading to negative free cash flow of $ 9.2 million , compared to negative free cash flow of $ 14.9 million in the year - ago period . A reconciliation of each Non - GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release . An explanation of these measures is also included below under the heading " Non - GAAP Financial Measures . Third Quarter Fiscal 2022 and Recent Business Highlights • MongoDB 5.1 , our first - ever quarterly release , brings users time series support for sharding , improved capabilities for sophisticated analytics on real - time data , and enhancements to Client - Side Field Level Encryption . In addition , MongoDB announced a preview of its new facet operator in Atlas Search , which makes workloads such as e - commerce product catalogs and content libraries run significantly faster . • MongoDB Atlas for Government achieved the FedRAMP designation of " In process , " with the Department of Health and Human Services ( HHS ) serving as the initial agency partner . Once MongoDB Atlas for Government becomes Fed RAMP Authorized , MongoDB will be positioned to better capitalize on the significant popularity of MongoDB across a number of