Part I. Financial Information [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The unaudited condensed consolidated financial statements for the period ended October 31, 2023, reflect a decrease in total assets to **$232.0 million** and a net loss of **$58.8 million** for the nine-month period, with improved operating cash flow Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Oct 31, 2023 | Jan 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $46,907 | $40,446 | | Short-term investments | $109,719 | $127,856 | | Total current assets | $207,444 | $229,479 | | **Total assets** | **$231,989** | **$253,039** | | **Liabilities & Equity** | | | | Deferred revenue, current | $71,529 | $71,716 | | Total current liabilities | $90,204 | $94,957 | | **Total liabilities** | **$96,721** | **$102,775** | | **Total stockholders' equity** | **$135,268** | **$150,264** | Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Three Months Ended Oct 31, 2023 | Three Months Ended Oct 31, 2022 | Nine Months Ended Oct 31, 2023 | Nine Months Ended Oct 31, 2022 | | :--- | :--- | :--- | :--- | :--- | | Total revenue | $45,813 | $38,557 | $129,948 | $113,201 | | Gross profit | $40,702 | $33,682 | $113,006 | $98,894 | | Loss from operations | $(17,542) | $(16,592) | $(61,944) | $(50,813) | | **Net loss** | **$(16,255)** | **$(16,677)** | **$(58,781)** | **$(51,880)** | | Net loss per share | $(0.34) | $(0.37) | $(1.26) | $(1.16) | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | Nine Months Ended Oct 31, 2023 | Nine Months Ended Oct 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(20,443) | $(30,982) | | Net cash provided by (used in) investing activities | $18,093 | $(33,587) | | Net cash provided by financing activities | $9,353 | $8,517 | | Net increase (decrease) in cash | $6,461 | $(56,907) | - As of October 31, 2023, the company's Remaining Performance Obligations (RPOs) were **$164.4 million**, with **$111.8 million** expected to be recognized as revenue over the next twelve months[79](index=79&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reports continued revenue growth to **$129.9 million** for the nine months ended October 31, 2023, with **ARR growing 24%** to **$188.7 million**, despite a net loss of **$58.8 million** and macroeconomic headwinds Key Business Metrics | Metric | As of Oct 31, 2023 | As of Oct 31, 2022 | YoY Growth | | :--- | :--- | :--- | :--- | | Annual Recurring Revenue (ARR) | $188.7 million | $151.7 million | 24% | | Customers | 715 | 658 | 9% | - The company's dollar-based net retention rate has remained **over 115%** for the past eight quarters, indicating successful expansion within the existing customer base[132](index=132&type=chunk) - Macroeconomic conditions, including recessionary fears and inflation, are impacting the business, leading to longer deal cycles, extra layers of scrutiny and approval, and customers opting for smaller initial purchases[130](index=130&type=chunk) Non-GAAP Operating Loss Reconciliation (in thousands) | Metric | Three Months Ended Oct 31, 2023 | Three Months Ended Oct 31, 2022 | | :--- | :--- | :--- | | Loss from operations (GAAP) | $(17,542) | $(16,592) | | Stock-based compensation expense | $11,755 | $6,753 | | Employer taxes on employee stock transactions | $757 | $210 | | Restructuring | $— | $— | | **Non-GAAP operating loss** | **$(5,030)** | **$(9,629)** | [Results of Operations](index=33&type=section&id=Results%20of%20Operations) For the third quarter ended October 31, 2023, total revenue increased **19%** to **$45.8 million**, primarily from subscription growth, while operating expenses rose **16%**, leading to a slight widening of the loss from operations Revenue Breakdown (in thousands) | Revenue Type | Q3 2023 | Q3 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Subscription | $43,997 | $35,720 | $8,277 | 23% | | Services | $1,816 | $2,837 | $(1,021) | (36)% | | **Total Revenue** | **$45,813** | **$38,557** | **$7,256** | **19%** | Operating Expenses Breakdown (in thousands) | Expense Category | Q3 2023 | Q3 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Research and development | $15,903 | $13,998 | $1,905 | 14% | | Sales and marketing | $31,602 | $27,448 | $4,154 | 15% | | General and administrative | $10,739 | $8,828 | $1,911 | 22% | | **Total Operating Expenses** | **$58,244** | **$50,274** | **$7,970** | **16%** | - The increase in subscription revenue for Q3 2023 was primarily driven by **existing customers**, which accounted for approximately **89% of the growth**[173](index=173&type=chunk) - Cost of subscription revenue increased by **35%** in Q3 2023, mainly due to higher computing infrastructure costs for Couchbase Capella and increased personnel-related costs[174](index=174&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) As of October 31, 2023, the company held **$156.6 million** in cash and investments, deemed sufficient for future operations, with net cash used in operating activities improving to **$20.4 million** for the nine-month period - The company held **$156.6 million** in cash, cash equivalents, and short-term investments as of October 31, 2023[186](index=186&type=chunk) - Net cash used in operating activities improved to **$20.4 million** for the nine months ended Oct 31, 2023, compared to **$31.0 million** for the same period in 2022[188](index=188&type=chunk)[189](index=189&type=chunk) - On June 5, 2023, the company terminated its Credit Facility with Silicon Valley Bank, with no borrowings outstanding at the time of termination[84](index=84&type=chunk)[186](index=186&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=40&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate and foreign currency fluctuations, but due to the short-term nature of its **$156.6 million** investment portfolio, a **10% change** in rates is not expected to have a material effect - The company's primary market risk exposures are interest rate risk on its investment portfolio and foreign currency risk from international operations[199](index=199&type=chunk) - Due to the short-term nature of its investment portfolio, management does not believe a **10% change** in interest rates would materially affect results of operations or cash flows[200](index=200&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level as of October 31, 2023, with no material changes in internal control over financial reporting - The CEO and CFO concluded that as of the end of the period, the company's disclosure controls and procedures were effective at the reasonable assurance level[202](index=202&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[203](index=203&type=chunk) Part II. Other Information [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings that would be expected to have a material adverse effect on its business, financial condition, or results of operations - The company reports it is not currently a party to any legal proceedings that would have a material and adverse effect on its business[206](index=206&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) The company outlines significant risks including a history of net losses, intense competition, challenges in customer acquisition and expansion, macroeconomic downturns, and the complexities of complying with international laws and data privacy regulations - The company has a history of net losses, incurring a net loss of **$58.8 million** for the nine months ended October 31, 2023, with an accumulated deficit of **$469.3 million**, and may not achieve profitability in the future[208](index=208&type=chunk) - The company faces intense competition from established legacy database providers (Oracle, IBM, Microsoft), NoSQL providers (MongoDB), and major cloud infrastructure providers (Amazon, Microsoft, Google)[212](index=212&type=chunk) - The business is subject to risks from macroeconomic downturns, which could lengthen sales cycles, cause customers to reduce spending, and delay projects[231](index=231&type=chunk) - Security breaches of the company's or its service providers' systems could lead to significant liability, reputational damage, and loss of customer confidence, with risks heightened by the use of third-party cloud hosting and remote work[268](index=268&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=76&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period and confirmed no material change in the intended use of its July 2021 IPO net proceeds for general corporate purposes - There were no unregistered sales of equity securities in the period[312](index=312&type=chunk) - There has been no material change in the planned use of net proceeds from the company's IPO, which totaled **$214.9 million**[313](index=313&type=chunk) [Other Information](index=77&type=section&id=Item%205.%20Other%20Information) Several executive officers and a director adopted Rule 10b5-1 trading arrangements in October 2023 for the potential sale of company stock, with plans scheduled until December 31, 2024 - In October 2023, CEO Matt Cain, CFO Greg Henry, and other key executives and a director adopted Rule 10b5-1 trading plans to sell shares of company stock[315](index=315&type=chunk)[317](index=317&type=chunk)

Couchbase, Inc. (NASDAQ:BASE) Q2 2024 Earnings Conference Call September 6, 2023 5:00 PM ET Company Participants Edward Parker - Head of Investor Relations Matt Cain - Chair, President and Chief Executive Officer Greg Henry - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Ittai Kidron - Oppenheimer Raimo Lenschow - Barclays Rob Oliver - Baird Jason Ader - William Blair Brad Reback - Stifel Taz Koujalgi - Wedbush Securities Howard Ma - Guggenheim Securities Rudy Kessi ...

Investor Presentation Second Quarter Fiscal 2024 Confidential and Proprietary. Do not distribute without Couchbase consent. © Couchbase 2023. All rights reserved. Disclaimer ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.00001 per share BASE Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTI ...

Couchbase, Inc. (NASDAQ:BASE) Q1 2024 Earnings Conference Call June 6, 2023 5:00 PM ET Company Participants Edward Parker - Head of Investor Relations Matt Cain - President and Chief Executive Officer Greg Henry - Chief Financial Officer Conference Call Participants Sanjit Singh - Morgan Stanley Rob Oliver - Baird Kash Rangan - Goldman Sachs Raimo Lenschow - Barclays Howard Ma - Guggenheim Securities Rudy Kessinger - Goldman Sachs Taz Koujalgi - Wedbush Securities Operator Greetings, and welcome to the Couc ...

Investor Presentation First Quarter Fiscal 2024 Confidential and Proprietary. Do not distribute without Couchbase consent. © Couchbase 2023. All rights reserved. Disclaimer This presentation by Couchbase, Inc. ("Couchbase," the "Company," "we," "us" or similar terms) contain forward-looking statements. These statements may relate to, but are not limited to, financial and business trends and strategies, guidance and expectations of future performance, the calculation of metrics, capital expenditures, plans f ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.00001 per share BASE Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECT ...

Part I [Item 1. Business](index=7&type=section&id=Item%201.%20Business) Couchbase provides a leading cloud database platform for modern applications, simplifying development from cloud to edge - Couchbase's mission is to simplify the development, deployment, and consumption of modern applications across cloud and edge environments[21](index=21&type=chunk) - The database platform fuses relational database strengths (e.g., SQL transactions, ACID guarantees) with NoSQL flexibility and scalability[21](index=21&type=chunk)[24](index=24&type=chunk) - Couchbase Capella is a fully-managed database-as-a-service offering designed for quick, easy, and affordable deployment, reducing operational management efforts[21](index=21&type=chunk)[25](index=25&type=chunk)[28](index=28&type=chunk) [Item 1A. Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including a history of net losses, intense competition, and various operational challenges - Couchbase has a history of net losses (**$68.5M in FY2023**, **$58.2M in FY2022**, **$40.0M in FY2021**) and an accumulated deficit of **$410.5M** as of January 31, 2023, with expectations of continued losses due to investments in growth[81](index=81&type=chunk) - The company faces intense competition from legacy database providers (Oracle, IBM, Microsoft), NoSQL providers (MongoDB), and cloud infrastructure providers (Amazon, Microsoft, Google)[88](index=88&type=chunk) - Risks include failure to cost-effectively acquire new customers or retain/expand existing ones, the evolving nature of the market for its products, and the need to continuously innovate to meet changing customer needs and technologies[91](index=91&type=chunk)[92](index=92&type=chunk)[95](index=95&type=chunk) [Item 1B. Unresolved Staff Comments](index=50&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) This section states that there are no unresolved staff comments from the SEC - Not applicable[209](index=209&type=chunk) [Item 2. Properties](index=50&type=section&id=Item%202.%20Properties) The company leases all facilities, including its corporate headquarters in Santa Clara and various international offices - Corporate headquarters are in Santa Clara, California, leasing approximately **46,000 square feet** until March 2025[210](index=210&type=chunk) - Additional leased facilities are located in Austin, Texas; Tel Aviv, Israel; Bangalore, India; and London and Manchester, United Kingdom[210](index=210&type=chunk) - The company leases all its facilities and plans to expand as needed to accommodate growth[210](index=210&type=chunk) [Item 3. Legal Proceedings](index=51&type=section&id=Item%203.%20Legal%20Proceedings) Couchbase is not currently party to any material legal proceedings but may face future litigation in the ordinary course of business - The company is not currently involved in any legal proceedings deemed to have a material adverse effect on its business, financial condition, results of operations, or cash flows[211](index=211&type=chunk) - Future litigation may be necessary to defend intellectual property or other rights, which could be costly and time-consuming[211](index=211&type=chunk) [Item 4. Mine Safety Disclosures](index=51&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[212](index=212&type=chunk) Part II [Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=53&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) This section details the company's common stock trading, holder information, dividend policy, and use of IPO proceeds - Common stock began trading on Nasdaq Global Select Market under 'BASE' on July 22, 2021[214](index=214&type=chunk) Holders of Record (As of January 31, 2023) | Metric | Count | | :----- | :---- | | Holders of Record | ~142 | - The company has never paid cash dividends and plans to retain future earnings for business operations and expansion[216](index=216&type=chunk)[209](index=209&type=chunk) - No unregistered equity securities were sold in fiscal year ended January 31, 2023[217](index=217&type=chunk) - No issuer purchases of equity securities were made during the three months ended January 31, 2023[218](index=218&type=chunk) - The IPO completed on July 26, 2021, raised **$214.9 million** net proceeds, used for general corporate purposes, including repaying **$25.0 million** debt under the Credit Facility in fiscal 2022[222](index=222&type=chunk) [Item 6. [Reserved]](index=53&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved and contains no information - This item is reserved[223](index=223&type=chunk) [Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=54&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial condition, operational results, revenue model, and key performance drivers for recent fiscal years Revenue and Net Loss (Fiscal Years Ended January 31) | Fiscal Year | Revenue (in millions) | Net Loss (in millions) | | :---------- | :-------------------- | :--------------------- | | 2023 | $154.8 | $(68.5) | | 2022 | $123.5 | $(58.2) | | 2021 | $103.3 | $(40.0) | Annual Recurring Revenue (ARR) (As of January 31) | Metric | 2023 (in millions) | 2022 (in millions) | | :----- | :----------------- | :----------------- | | ARR | $163.7 | $132.9 | - Subscription revenue constituted **92%**, **94%**, and **94%** of total revenue in fiscal 2023, 2022, and 2021, respectively, primarily from Couchbase Server and Mobile Enterprise Edition, with Capella revenue not yet material[228](index=228&type=chunk) - The company's business model relies on a 'land-and-expand' strategy, driven by direct sales to large enterprises and a 'buy-from' motion targeting application developers, supported by Couchbase Capella and free product offerings[229](index=229&type=chunk)[230](index=230&type=chunk) [Item 8. Financial Statements and Supplementary Data](index=72&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements and accompanying notes for the last three fiscal years - The consolidated financial statements have been audited by PricewaterhouseCoopers LLP, who issued an unqualified opinion[311](index=311&type=chunk) - The financial statements are prepared in conformity with GAAP and include the accounts of Couchbase, Inc and its wholly-owned subsidiaries[332](index=332&type=chunk) - Key financial statements include Consolidated Balance Sheets, Statements of Operations, Comprehensive Loss, Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit), and Cash Flows[308](index=308&type=chunk) Part III [Item 10. Directors, Executive Officers and Corporate Governance](index=107&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding directors, executive officers, and corporate governance is incorporated by reference from the 2023 Proxy Statement - Information for this item is incorporated by reference from the 2023 Proxy Statement[465](index=465&type=chunk) [Item 11. Executive Compensation](index=107&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive compensation is incorporated by reference from the 2023 Proxy Statement - Information for this item is incorporated by reference from the 2023 Proxy Statement[466](index=466&type=chunk) [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=107&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information regarding security ownership and related matters is incorporated by reference from the 2023 Proxy Statement - Information for this item is incorporated by reference from the 2023 Proxy Statement[466](index=466&type=chunk) [Item 13. Certain Relationships and Related Transactions, and Director Independence](index=107&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information regarding related transactions and director independence is incorporated by reference from the 2023 Proxy Statement - Information for this item is incorporated by reference from the 2023 Proxy Statement[466](index=466&type=chunk) [Item 14. Principal Accountant Fees and Services](index=107&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information regarding principal accountant fees and services is incorporated by reference from the 2023 Proxy Statement - Information for this item is incorporated by reference from the 2023 Proxy Statement[466](index=466&type=chunk) Part IV [Item 15. Exhibits and Financial Statement Schedules](index=108&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the financial statements, schedules, and exhibits filed as part of the Annual Report on Form 10-K - The Annual Report on Form 10-K includes consolidated financial statements and an exhibit index[468](index=468&type=chunk) - The exhibit index details various corporate documents, including the Amended and Restated Certificate of Incorporation, Bylaws, Equity Incentive Plans, Indemnification Agreements, and other material contracts[469](index=469&type=chunk)[479](index=479&type=chunk) [Item 16. Form 10-K Summary](index=100&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable to the company - Not applicable[481](index=481&type=chunk)

Couchbase, Inc. (NASDAQ:BASE) Q4 2023 Earnings Conference Call March 7, 2023 5:00 PM ET Company Participants Edward Parker - ICR Capital Matthew Cain - Chairman, President & CEO Gregory Henry - SVP & CFO Conference Call Participants Raimo Lenschow - Barclays Bank Matthew Hedberg - RBC Capital Markets Kasthuri Rangan - Goldman Sachs Group Robert Oliver - Robert W. Baird & Co. Rudy Kessinger - D.A. Davidson & Co. Howard Ma - Guggenheim Securities Robert Galvin - Stifel, Nicolaus & Company Operator Greetings. ...

Financial Performance - For the nine months ended October 31, 2022, revenue was $113.2 million, representing a 28% increase from $88.5 million in the same period of 2021[128]. - Annual recurring revenue (ARR) as of October 31, 2022, was $151.7 million, up 24% from $122.3 million in 2021[128]. - The company reported a net loss of $51.9 million for the nine months ended October 31, 2022, compared to a net loss of $45.0 million in the same period of 2021, as it continues to invest in growth[128]. - Total revenue for the three months ended October 31, 2022, was $38,557 thousand, a 25.5% increase from $30,824 thousand in the same period of 2021[144]. - The net loss for the three months ended October 31, 2022, was $16.7 million, compared to a net loss of $15.9 million in the same period of 2021[166]. - For the nine months ended October 31, 2022, the company reported a net loss of $51.9 million, compared to a net loss of $29.1 million for the same period in 2021, reflecting an increase in losses of 78.5%[186]. Revenue Composition - Subscription sales accounted for 93% of total revenue for the nine months ended October 31, 2022, with the majority derived from the Enterprise Edition of the Couchbase platform[129]. - Revenue from services represented 7% of total revenue for the nine months ended October 31, 2022, highlighting the importance of professional services in customer success[129]. - Subscription revenue increased by $6.7 million, or 23%, during the three months ended October 31, 2022, driven by growth from existing customers and an increase in the customer base from 568 to 658[170]. - Services revenue rose by $1.0 million, or 56%, during the three months ended October 31, 2022, primarily due to an increase in professional services hours performed[171]. Customer Growth - The total number of customers increased to 658 as of October 2022, up from 568 in October 2021, representing a growth of approximately 15.8%[140]. - The dollar-based net retention rate has been over 115% in seven of the past eight quarters, indicating strong expansion within existing customers[134]. Expenses and Losses - Total operating expenses for the three months ended October 31, 2022, were $50.3 million, compared to $42.6 million in the same period of 2021, reflecting an 18% increase[166]. - General and administrative expenses increased to $8.8 million for the three months ended October 31, 2022, from $6.7 million in the same period of 2021[161]. - Sales and marketing expenses rose to $27.4 million for the three months ended October 31, 2022, compared to $22.8 million in the same period of 2021[166]. - Research and development expenses were $14.0 million for the three months ended October 31, 2022, up from $13.1 million in the same period of 2021[166]. Cash Flow and Liquidity - Cash used in operating activities for the nine months ended October 31, 2022, was $30.98 million, an improvement from $38.92 million used in the same period in 2021[185]. - Cash provided by financing activities for the nine months ended October 31, 2022, was $8.5 million, significantly lower than $190.8 million in the same period in 2021, primarily due to the IPO proceeds in 2021[189]. - The company incurred cash used in investing activities of $33.6 million for the nine months ended October 31, 2022, compared to $47.6 million for the same period in 2021[187]. - As of October 31, 2022, the company had cash and cash equivalents of $38.8 million and short-term investments of $138.5 million[198]. Future Outlook - Couchbase Capella, the fully-managed DBaaS, is expected to gain popularity due to its compelling pricing model and flexibility, contributing to future revenue growth[133]. - The company plans to continue investing in research and development to enhance its platform and expand its geographic presence[136]. - The company expects sales and marketing expenses to increase in absolute dollars as it expands its efforts to attract new customers[160]. - The company may pursue acquisitions of businesses, technologies, assets, and talent to support its growth strategy in the future[183]. Market Conditions - Macroeconomic conditions, including inflation and recession fears, have led to customers opting for shorter deals, impacting revenue predictability[132]. - The company is exposed to market risks primarily from fluctuations in interest rates and foreign currency exchange rates[197]. Internal Controls and Legal Matters - The company believes its disclosure controls and procedures are effective at the reasonable assurance level, but they cannot prevent or detect all errors and fraud[203]. - There were no changes in the internal control over financial reporting that materially affected the company during the reporting period[202]. - The company is not currently involved in any legal proceedings that would have a material adverse effect on its business or financial condition[205].