chbase(BASE) - 2025 Q4 - Annual Results

Financial Performance - Total revenue for Q4 FY2025 was $54.9 million, a 10% increase year-over-year[5] - Total revenue for FY2025 was $209.5 million, a 16% increase year-over-year[8] - Total revenue for the three months ended January 31, 2025, was $54,922 thousand, an increase of 9% compared to $50,089 thousand for the same period in 2024[27] - Subscription revenue for the year ended January 31, 2025, reached $200,410 thousand, up 17% from $171,554 thousand in 2024[27] - Total revenue for the three months ended January 31, 2025, was $54.9 million, an increase of 9.4% compared to $50.1 million for the same period in 2024[33] Profitability Metrics - Gross margin for Q4 FY2025 was 88.6%, down from 89.7% in Q4 FY2024[5] - Non-GAAP gross profit for the year ended January 31, 2025, was $186.3 million, up from $159.3 million in 2024, reflecting a growth of 16.9%[33] - The gross margin for the three months ended January 31, 2025, was 88.6%, slightly down from 89.7% in the same period of 2024[33] - Non-GAAP operating margin for the three months ended January 31, 2025, was -0.3%, an improvement from -8% in the same period of 2024[34] Operating Loss and Cash Flow - Loss from operations for Q4 FY2025 was $15.8 million, improved from $22.6 million in Q4 FY2024[5] - Non-GAAP operating loss for FY2025 was $14.4 million, significantly improved from $31.3 million in FY2024[8] - The net loss for the three months ended January 31, 2025, was $15,611 thousand, a decrease from a net loss of $21,402 thousand in the same period of 2024[27] - The company reported a net loss of $15.6 million for the three months ended January 31, 2025, an improvement from a net loss of $21.4 million in the same period of 2024[34] - Free cash flow for Q4 FY2025 was $4.0 million, compared to negative free cash flow of $7.7 million in Q4 FY2024[5] - Free cash flow for the three months ended January 31, 2025, was $4.0 million, compared to a negative free cash flow of $7.7 million in the same period of 2024[34] Future Projections - For Q1 FY2026, Couchbase expects total revenue between $55.1 million and $55.9 million[9] - Couchbase aims for total ARR of $242.9 million to $245.9 million in Q1 FY2026[9] Assets and Liabilities - Cash and cash equivalents as of January 31, 2025, were $30,536 thousand, down from $41,351 thousand as of January 31, 2024[29] - Total assets increased to $260,598 thousand as of January 31, 2025, compared to $247,752 thousand as of January 31, 2024[29] - Deferred revenue increased to $94,252 thousand as of January 31, 2025, from $81,736 thousand as of January 31, 2024, indicating strong future revenue potential[29] Research and Development - Operating expenses for the year ended January 31, 2025, totaled $263,162 thousand, an increase from $242,492 thousand in 2024, primarily driven by higher research and development costs[27] - GAAP research and development expenses for the year ended January 31, 2025, were $70.6 million, an increase from $64.1 million in 2024[33] Stock and Shares - Stock-based compensation expense for the year ended January 31, 2025, was $61,297 thousand, compared to $45,774 thousand in 2024, reflecting increased equity incentives[31] - The weighted average shares outstanding for the three months ended January 31, 2025, were 52.8 million, compared to 48.5 million in the same period of 2024[34] New Initiatives - Couchbase launched the private preview of Capella AI Services to enhance application development and reduce operational costs[8]