Shares of MongoDB, Inc. (MDB) tanked over 20% on Thursday morning after the database software company an outlook for the first-quarter and full year 2026.
MDB is currently trading at $206.61, down $57.52 or 21.78%, on the Nasdaq. The stock opened its trading at $207.09 after closing Wednesday at $264.13. The stock has traded between $200.23 and $413.87 in the past 52-week period.
For fiscal year 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28. Analysts are currently expecting earnings per share of $2.77 and $2.28 billion in revenue.
For the first quarter, the company expects adjusted earnings of $0.63 to $0.67 per share and revenues of $524 million to $529 million. Analysts are currently expecting earnings per share of $0.66 and $527.49 million in revenue.
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