MongoDB, Inc.MDB

MongoDB, Inc. Earnings Per Share Disclosure

10-KFiled Mar 11, 20262 min read
Net Loss Per Share
The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the year, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options and restricted stock units. Refer to Note 2, Summary of Significant Accounting Policies, for further details on the Company’s methodology for calculating net loss per share.
Basic and diluted net loss per share was the same for each year presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each year presented.
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):
Years Ended January 31,
202620252024
Numerator:
Net loss
$(71,151)$(129,072)$(176,600)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted
81,246,520 74,555,001 71,248,982 
Net loss per share, basic and diluted
$(0.88)$(1.73)$(2.48)
In connection with the issuance of the 2024 Notes and 2026 Notes, the Company entered into Capped Calls, which were not included for the purpose of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls were expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the 2026 Notes. During the three months ended April 30, 2024, the Company elected a settlement in cash, as opposed to the Company’s common stock, of the Capped Calls associated with 2024 Notes. In June 2024 the related derivative was settled and the Capped Calls associated with the 2024 Notes were successfully unwound. In January 2026, the Capped Calls associated with the 2026 Notes were settled in shares. Refer to Note 7, Convertible Senior Notes for more information.
The following shares of common stock were excluded from the computation of diluted net loss per share attributable to the Company for the periods presented because including them would have been anti-dilutive as the Company has reported net loss for each of the periods presented:
Years Ended January 31,
202620252024
Stock options pursuant to the 2016 Equity Incentive Plan149,178 281,239 428,408 
Stock options pursuant to the 2008 Stock Incentive Plan14,731 286,186 884,057 
Unvested restricted stock units4,233,699 3,752,252 4,162,660 
Unvested restricted stock awards112,153 — — 
Unvested executive PSUs209,670 146,284 214,565 
Shares underlying the conversion option of the 2026 Notes— — 5,445,002 
Total4,719,431 4,465,961 11,134,692 

Historical Timeline

Fiscal YearFiled
2026Mar 11, 2026Showing above
2025Mar 21, 2025
2024Mar 15, 2024
2023Mar 17, 2023
2022Mar 18, 2022
2021Mar 22, 2021

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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