Couchbase, Inc. (NASDAQ: BASE) Q1 2026 Earnings Call | 6/3/2025

21 days ago

50:23

Inside Ticker

Earnings Calls

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Couchbase, Inc. (NASDAQ: BASE) delivered a strong Q1 2026, reporting total revenue of $56.5 million—up 10% year-over-year and above analyst expectations. Annual recurring revenue (ARR) climbed 21% to $252.1 million, with net new ARR of $14.2 million—over 300% higher than a year ago—driven by large strategic accounts and rapid adoption of Capella, Couchbase’s cloud database platform. Capella ARR soared 84% year-over-year to $44 million, now representing 17.4% of total ARR and 33% of the customer base. Subscription revenue rose 12% to $54.8 million, while services revenue declined 27% to $1.68 million. The company posted a non-GAAP operating loss of $4.2 million (improving from $6.7 million last year) and an EPS loss of $0.06, beating consensus estimates of a $0.08 loss. Gross margin remained strong at 88.7%. However, operating cash flow was negative $6.8 million, and free cash flow was negative $8.6 million, reflecting ongoing investment and longer sales cycles amid macroeconomic pressures. Couchbase ended the quarter with $141.8 million in cash and equivalents, and a remaining performance obligation (RPO) of $239.6 million, up 9% year-over-year. Customer count dipped by 10 net customers to 937, mainly due to churn in smaller accounts, though gross retention remained healthy and ARR per customer rose to $269,000. The company continues to innovate, launching Couchbase Edge Server and new AI features, and maintains a robust pipeline of strategic opportunities. Management reaffirmed confidence in achieving full-year objectives, with Q2 revenue guidance of $54.4–$55.2 million. About Inside Ticker: For more expert analysis and real-time updates on Couchbase, Inc. (NASDAQ: BASE) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #Couchbase #BASE #EarningsCall #Q12026 #Capella #CloudDatabase #AI #SaaS #StockMarket #Investing #InsideTicker

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