Piper Sandler analyst Brent A. Bracelin initiated coverage on Couchbase, Inc. BASE with an Overweight rating and a price forecast of $22.According to the analyst, the potential for upside includes the possibility of ARR growth reacceleration next year due to a shift towards Capella, improved operating efficiency that could make free cash flow positive next year, and significant market share gains in a large $100 billion market.Additionally, the company has a favorable risk-reward profile with a 3.5x CY26E E ...

SANTA CLARA, Calif., Aug. 14, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced that it will report financial results for its second quarter ended July 31, 2024 on Wednesday, September 4, 2024 after market close.Couchbase will host a conference call and webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time) on the same day to discuss its financial results. The conference call can be accessed by dialing 877-407-8029 from the United States, or +1 ...

islander11 Investment summary My previous investment thought (published on March 22nd) was a buy rating because I thought Couchbase, Inc. (NASDAQ:BASE) could beat its FY25 guidance given the strong performance and demand momentum. I am downgrading my rating from buy to hold as I am concerned about the competitive landscape and the tougher-than-expected demand environment. In light of these two factors, I am now assuming BASE will only be able to grow top line in the mid-teens percentage range. 1Q25 resu ...

While financial advisors will direct you to safe and reliable large-capitalization companies, here’s the thing: if you want the magic to truly come alive, you may have to consider small-cap stocks. As the name suggests, they’re relatively tiny enterprises waiting for that moment in the spotlight. If it materializes, they could be off to the races.Think of it this way. If you’re shooting a film on a shoestring budget, you can’t hire a Hollywood A-lister for obvious reasons. You got to find unknown talent and ...

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, 2024 OR o TRANSITION REPORT PURSUANT TO SECT ...

Couchbase, Inc. (NASDAQ:BASE) Q1 2025 Earnings Call Transcript June 5, 2024 4:30 PM ET Company Participants Edward Parker - Investor Relations Matthew Cain - Chair, President and Chief Executive Officer Gregory Henry - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Howard Ma - Guggenheim Securities Austin Dietz - UBS Raimo Lenschow - Barclays Sanjit Singh - Morgan Stanley Ittai Kidron - Oppenheimer Andrew Nowinski - Wells Fargo Rudy Kessinger - D.A. Davidson Imtiaz K ...

For the quarter ended April 2024, Couchbase, Inc. (BASE) reported revenue of $51.33 million, up 25.2% over the same period last year. EPS came in at -$0.10, compared to -$0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $48.52 million, representing a surprise of +5.78%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being -$0.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Couchbase, Inc. (BASE) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.06, delivering a surprise of 57.14%.Over the last four quarters, the company has surpasse ...

Financial Performance Overview [Q1 FY2025 Financial Highlights](index=1&type=section&id=Q1%20FY2025%20Financial%20Highlights) Couchbase exceeded Q1 FY2025 outlooks with 25% revenue growth to $51.3 million and achieved its first positive free cash flow - The company exceeded its revenue and operating loss outlook and delivered its first quarter of free cash flow positivity[1](index=1&type=chunk) Q1 FY2025 Key Financial Metrics (YoY) | Metric | Q1 FY2025 | Q1 FY2024 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $51.3 million | $41.0 million | +25% | | **Subscription Revenue** | $49.0 million | $38.5 million | +27% | | **Total ARR** | $207.7 million | $172.2 million | +21% | | **GAAP Gross Margin** | 88.9% | 85.6% | +3.3 p.p. | | **Non-GAAP Gross Margin** | 89.9% | 86.4% | +3.5 p.p. | | **GAAP Operating Loss** | $22.5 million | $22.5 million | Unchanged | | **Non-GAAP Operating Loss** | $6.7 million | $12.9 million | Improved by 48% | | **Free Cash Flow** | $0.6 million | ($8.5 million) | +$9.1 million | | **RPO** | $220.0 million | $165.4 million (approx.) | +33% | [Financial Outlook](index=2&type=section&id=Financial%20Outlook) Couchbase projects continued Q2 and full FY2025 revenue and ARR growth, anticipating reduced non-GAAP operating losses Fiscal 2025 Financial Outlook | Metric | Q2 FY2025 Outlook | Full FY2025 Outlook | | :--- | :--- | :--- | | **Total Revenue** | $50.6 - $51.4 million | $204.5 - $208.5 million | | **Total ARR** | $212.5 - $215.5 million | $235.5 - $240.5 million | | **Non-GAAP Operating Loss** | $5.7 - $4.7 million | $26.5 - $21.5 million | - The company is unable to provide GAAP targets for operating loss due to the difficulty of estimating certain excluded items like stock-based compensation expense[10](index=10&type=chunk) Business and Operational Review [Recent Business Highlights](index=1&type=section&id=Recent%20Business%20Highlights) Couchbase advanced AI with vector search for RAG, appointed a CIO, and expanded its ecosystem via Google Cloud and AWS partnerships - Delivered the general availability of vector search in Couchbase Capella and Couchbase Server to enable AI-powered adaptive applications using RAG techniques[4](index=4&type=chunk) - Appointed Julie Irish as the company's first Chief Information Officer to lead the global IT and security team[5](index=5&type=chunk) - Announced plans to join the Google Cloud Ready Distributed Cloud program and introduced a Google Cloud Couchbase connector to facilitate direct integration with services like Vertex AI[6](index=6&type=chunk)[7](index=7&type=chunk) - Launched the Couchbase Docs chatbot, built on AWS and powered by Amazon Bedrock, to enhance user experience with AI[7](index=7&type=chunk) Financial Statements [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 FY2025 total revenue grew 25% to $51.3 million, driven by subscription, with GAAP operating loss flat and improved net loss per share Q1 FY2025 Statement of Operations Highlights (in thousands, YoY) | Line Item | Q1 FY2025 | Q1 FY2024 | | :--- | :--- | :--- | | **Total Revenue** | $51,327 | $40,996 | | Subscription Revenue | $49,038 | $38,542 | | **Gross Profit** | $45,645 | $35,074 | | **Total Operating Expenses** | $68,185 | $57,607 | | **Loss from Operations** | ($22,540) | ($22,533) | | **Net Loss** | ($20,995) | ($21,875) | | **Net Loss Per Share** | ($0.42) | ($0.48) | - Total stock-based compensation expense increased to **$14.6 million** from **$9.3 million** in the prior-year quarter, contributing significantly to operating expenses[29](index=29&type=chunk) [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of April 30, 2024, Couchbase reported total assets of $242.6 million, liabilities of $113.5 million, and $160.2 million in cash and investments Balance Sheet Highlights (in thousands) | Account | April 30, 2024 | January 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $51,975 | $41,351 | | **Short-term investments** | $108,220 | $112,281 | | **Total Assets** | $242,571 | $247,752 | | **Total Liabilities** | $113,509 | $117,331 | | **Total Stockholders' Equity** | $129,062 | $130,421 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 FY2025 saw Couchbase generate $1.6 million cash from operations, a turnaround from prior year, achieving its first positive free cash flow Cash Flow Summary (in thousands, YoY) | Cash Flow Activity | Q1 FY2025 | Q1 FY2024 | | :--- | :--- | :--- | | **Net cash from operating activities** | $1,559 | ($7,181) | | **Net cash from investing activities** | $3,695 | $10,314 | | **Net cash from financing activities** | $5,089 | $2,764 | - The company achieved positive free cash flow of **$0.6 million**, a substantial improvement from a negative free cash flow of **$8.5 million** in the prior-year quarter[3](index=3&type=chunk)[41](index=41&type=chunk) Supplementary Information [Key Business Metrics (ARR)](index=5&type=section&id=Key%20Business%20Metrics%20(ARR)) ARR, annualized recurring revenue, reached $207.7 million as of April 30, 2024, with Capella calculation updated for FY2025 consumption models - ARR is defined as the annualized recurring revenue contractually receivable from customers, assuming all contracts will be renewed[21](index=21&type=chunk) - Beginning in fiscal 2025, the ARR calculation for Capella products was updated to incorporate consumption data (annualized prior 90 days) to better reflect usage, a change not applied to prior periods[21](index=21&type=chunk)[22](index=22&type=chunk) Total ARR Trend (in millions) | Date | Total ARR | | :--- | :--- | | Jan 31, 2023 | $163.7 | | Apr 30, 2023 | $172.2 | | Jul 31, 2023 | $180.7 | | Oct 31, 2023 | $188.7 | | Jan 31, 2024 | $204.2 | | Apr 30, 2024 | $207.7 | [Reconciliation of GAAP to Non-GAAP Results](index=10&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Results) Couchbase provides non-GAAP metrics, excluding stock-based compensation, showing Q1 FY2025 non-GAAP operating loss of $6.7 million and non-GAAP net loss per share of ($0.10) - Non-GAAP financial measures exclude expenses related to stock-based compensation, employer payroll taxes on employee stock transactions, and restructuring charges to provide consistency and comparability with past performance[15](index=15&type=chunk)[16](index=16&type=chunk) GAAP vs. Non-GAAP Operating Loss (in thousands, YoY) | Metric | Q1 FY2025 | Q1 FY2024 | | :--- | :--- | :--- | | **GAAP Operating Loss** | ($22,540) | ($22,533) | | Stock-based compensation | $14,627 | $9,275 | | Other adjustments | $1,216 | $313 | | **Non-GAAP Operating Loss** | ($6,697) | ($12,945) | GAAP vs. Non-GAAP Net Loss Per Share (YoY) | Metric | Q1 FY2025 | Q1 FY2024 | | :--- | :--- | :--- | | **GAAP Net Loss Per Share** | ($0.42) | ($0.48) | | **Non-GAAP Net Loss Per Share** | ($0.10) | ($0.27) |

SANTA CLARA, Calif., June 5, 2024 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced financial results for its first quarter ended April 30, 2024."We grew ARR by 21% year-over-year, continued to increase our Capella mix, and made meaningful progress in our efforts to improve our operational rigor and efficiency," said Matt Cain, Chair, President and CEO of Couchbase. "I'm particularly pleased that we delivered revenue and operating loss results that exceeded ...