SINGLE-FAMILY LOT SUPPLY LOOSENING IN MORE MARKETS
Up for the Third Consecutive Quarter; Highest Level in Five Years
NEWPORT BEACH, Calif., May 8, 2025 /PRNewswire/ -- Zonda's New Home Lot Supply Index (LSI) for 1Q25 showed lot supply loosened, both year-over-year and quarter-over-quarter across the United States, notching the third consecutive increase from previous quarters.
The index is a residential real estate indicator based on the number of single-family vacant developed lots and the rate at which those lots are absorbed via housing starts.
The New Home LSI came in at 64.3 for 1Q25, representing a 12.1% increase from 1Q24. The 1Q25 data shows a "significantly undersupplied" market nationally. The market has been "significantly undersupplied" since 2017.
On a quarter-over-quarter basis, supply increased by 5.7% from 4Q24.
The LSI counts the total vacant developed lot supply and adjusts for overall starts activity.
"Today's housing market is shaped by the intersection of politics, economics, affordability, and consumer sentiment," said Ali Wolf, chief economist for Zonda and NewHomeSource. "The resulting impact is a choppy market, and mixed messages on the lot supply front. Zonda's LSI in the first quarter came in at the highest level in five years thanks to slower housing starts and more cautious consumers but remained significantly undersupplied."
Total upcoming lots (delivery over the next 12-18 months) for 1Q25 increased 4.7% year-over-year, and were up 6.5% from last quarter. Additionally, they were up 26.3% compared to the same quarter in 2019.
"There has been a lot of money invested in land and lot development in recent years, and we are seeing the fruit of that labor show up in total upcoming lots," said Wolf. "The big question now is how aggressive builders will be in the shifting market with housing starts, new community openings, and their land acquisition plans."
See the full insights and analysis on Zonda's website.Join us at upcoming Zonda events including Future Place, Oct. 27-29 and Multifamily Executive Conference, Nov. 4-6.
About ZondaZonda provides data-driven housing market solutions to the homebuilding industry. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing. zondahome.com
About NewHomeSource (NHS) NewHomeSource.com is America's #1 source for consumers as they search for new construction communities and homes. NewHomeSource also has the most extensive collection of ratings and reviews for homebuilders nationwide. As the only independent source of reviews from verified homebuyers, TrustBuilder delivers the honest insights you need to make decisions with confidence.
For media inquiries or to schedule an interview with Chief Economist Ali Wolf:Contact: Diane BeginEmail: pr@zondahome.comPhone: 224-836-5615
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MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which may present similar non-GAAP financial measures to investors. Free cash flow represents net cash from/used in operating activities, less capital expenditures, principal payments of finance lease liabilities and capitalized software development costs, if any. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. 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In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP net income, non-GAAP net income per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at About MongoDB Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries with software and data. MongoDB's unified, intelligent data platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI-powered retrieval, MongoDB helps organizations everywhere move faster, innovate more efficiently, and simplify complex architectures. Millions of developers and more than 50,000 customers across almost every industry—including 70% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit Investor RelationsBrian DenyeauICR for MongoDB646-277-1251ir@ Media RelationsMongoDBpress@ MONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands of U.S. dollars, except share and per share data)(unaudited)April 30, 2025January 31, 2025 AssetsCurrent assets:Cash and cash equivalents $ 657,809$ 490,133 Short-term investments 1,796,1291,846,444 Accounts receivable, net of allowance for doubtful accounts of $9,893 and $8,888 as of April 30, 2025 and January 31, 2025, respectively 313,215393,099 Deferred commissions 116,291112,632 Prepaid expenses and other current assets 89,08681,214 Total current assets 2,972,5302,923,522 Property and equipment, net 43,71846,377 Operating lease right-of-use assets 33,70234,607 Goodwill 189,64169,679 Intangible assets, net 45,91924,597 Deferred tax assets 22,41020,810 Other assets 316,500310,701 Total assets $ 3,624,420$ 3,430,293 Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable $ 8,562$ 10,467 Accrued compensation and benefits 102,725120,354 Operating lease liabilities 8,9149,126 Other accrued liabilities 89,06287,659 Deferred revenue 295,735334,381 Total current liabilities 504,998561,987 Deferred tax liability 577262 Operating lease liabilities 28,08627,374 Deferred revenue 24,32725,404 Other liabilities 33,48233,042 Total liabilities 591,470648,069 Stockholders' equity:Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of April 30, 2025 and January 31, 2025; 81,813,448 shares issued and 81,715,778 shares outstanding as of April 30, 2025; 80,558,847 shares issued and 80,467,811 shares outstanding as of January 31, 2025 8078 Additional paid-in capital 4,899,5044,625,093 Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of April 30, 2025 and January 31, 2025 (1,319)(1,319) Accumulated other comprehensive income (loss) 13,015(924) Accumulated deficit (1,878,330)(1,840,704) Total stockholders' equity 3,032,9502,782,224 Total liabilities and stockholders' equity $ 3,624,420$ 3,430,293 MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands of U.S. dollars, except share and per share data)(unaudited)Three Months Ended April 30,20252024 Revenue:Subscription $ 531,455$ 436,896 Services 17,55913,665 Total revenue 549,014450,561 Cost of revenue:Subscription(1) 129,585100,762 Services(1) 28,45621,935 Total cost of revenue 158,041122,697 Gross profit 390,973327,864 Operating expenses:Sales and marketing(1) 220,923219,444 Research and development(1) 168,829146,060 General and administrative(1) 54,77560,546 Total operating expenses 444,527426,050 Loss from operations (53,554)(98,186) Other income, net 20,23020,174 Loss before provision for income taxes (33,324)(78,012) Provision for income taxes 4,3022,581 Net loss $ (37,626)$ (80,593) Net loss per share, basic and diluted $ (0.46)$ (1.10) Weighted-average shares used to compute net loss per share, basic and diluted 81,060,82272,990,141(1) Includes stock‑based compensation expense as follows: Three Months Ended April 30,20252024 Cost of revenue—subscription $ 8,395$ 6,163 Cost of revenue—services 3,8943,255 Sales and marketing 39,10239,613 Research and development 66,40555,173 General and administrative 14,63516,559 Total stock‑based compensation expense $ 132,431$ 120,763 MONGODB, INC. 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Due to the differences in the tax treatment of items excluded from non-GAAP earnings, our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities. ** Fully diluted non-GAAP net income per share is calculated based upon 86.3 million and 83.2 million of fully diluted weighted-average shares of outstanding common stock for the three months ended April 30, 2025 and April 30, 2024, respectively. The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the mostdirectly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): Three Months Ended April 30,20252024 Net cash provided by operating activities $ 109,929$ 63,613 Capital expenditures (1,611)(539) Principal payments of finance leases (2,394)(2,093) Capitalized software —— Free cash flow $ 105,924$ 60,981 MONGODB, INC. CUSTOMER COUNT METRICS The following table presents certain customer count information as of the periods indicated:4/30/20237/31/202310/31/20231/31/20244/30/20247/31/202410/31/20241/31/20254/30/2025 Total Customers (a) 43,100+45,000+46,400+47,800+49,200+50,700+52,600+54,500+57,100+ Direct Sales Customers(b) 6,700+6,800+6,900+7,000+7,100+7,300+7,400+7,500+7,500+ MongoDB Atlas Customers 41,600+43,500+44,900+46,300+47,700+49,200+51,100+53,100+55,800+ Customers over $100K(c) 1,7611,8551,9722,0522,1372,1892,3142,3962,506 (a) Our definition of "customer" excludes users of our free offerings and all affiliated entities are counted as a single customer. (b) Direct Sales Customers are customers that were sold through our direct sales force and channel partners. (c) Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR") and annualized monthly recurring revenue ("MRR"). ARR includes the revenue we expect to receive from our customers over the following 12 months based on contractual commitments and, in the case of Direct Sales Customers of MongoDB Atlas, by annualizing the prior 90 days of their actual consumption of MongoDB Atlas, assuming no increases or reductions in their subscriptions or usage. For all other customers of our self-serve products, we calculate annualized MRR by annualizing the prior 30 days of their actual consumption of such products, assuming no increases or reductions in usage. ARR and annualized MRR exclude professional services. MONGODB, INC. SUPPLEMENTAL REVENUE INFORMATION The following table presents certain supplemental revenue information as of the periods indicated:4/30/20237/31/202310/31/20231/31/20244/30/20247/31/202410/31/20241/31/20254/30/2025 MongoDB Enterprise Advanced: % of Subscription Revenue 28 %26 %27 %26 %25 %24 %25 %23 %22 % Direct Sales Customers(a) Revenue: % of Subscription Revenue 88 %88 %88 %88 %87 %87 %88 %88 %87 %(a) Direct Sales Customers are customers that were sold through our direct sales force and channel partners. View original content to download multimedia: SOURCE MongoDB, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
BRIDGEWATER, N.J., June 4, 2025 /PRNewswire/ -- Insmed Incorporated (Nasdaq: INSM), a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases, today announced the granting of inducement awards to 150 new employees. The awards were granted under the Insmed Incorporated 2025 Inducement Plan, which is intended to meet the requirements of a plan providing for inducement grants under Nasdaq Listing Rule 5635(c)(4). The awards were approved by Insmed's Compensation Committee and made as a material inducement to each employee's entry into employment with the Company. In connection with the commencement of their employment, on May 30, 2025, the employees received 155,822 restricted stock units and options to purchase an aggregate 16,860 shares of Insmed common stock at an exercise price of $69.73 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant. The restricted stock units have a four-year vesting schedule, with 25% of the shares underlying each restricted stock unit grant vesting on each anniversary of the first day of the month immediately following the grant date, subject to the relevant employee's continued service with Insmed on the applicable vesting date. The options have a 10-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the first day of the month immediately following the grant date and 12.5% of the shares subject to the option vesting every six months thereafter through the fourth anniversary thereof, subject to the relevant employee's continued service with Insmed on the applicable vesting date. About Insmed Insmed Incorporated is a people-first global biopharmaceutical company striving to deliver first- and best-in-class therapies to transform the lives of patients facing serious diseases. The Company is advancing a diverse portfolio of approved and mid- to late-stage investigational medicines as well as cutting-edge drug discovery focused on serving patient communities where the need is greatest. Insmed's most advanced programs are in pulmonary and inflammatory conditions, including a therapy approved in the United States, Europe, and Japan to treat a chronic, debilitating lung disease. The Company's early-stage programs encompass a wide range of technologies and modalities, including gene therapy, AI-driven protein engineering, protein manufacturing, RNA end-joining, and synthetic rescue. Headquartered in Bridgewater, New Jersey, Insmed has offices and research locations throughout the United States, Europe, and Japan. Insmed is proud to be recognized as one of the best employers in the biopharmaceutical industry, including spending four consecutive years as the No. 1 Science Top Employer. Visit to learn more. Contact: Investors: Bryan DunnVice President, Investor Relations(646) Media: Claire MulhearnVice President, Corporate Communications(862) 842-6819media@ View original content to download multimedia: SOURCE Insmed Incorporated Sign in to access your portfolio
