Couchbase Inc (NAS:BASE)

Q3 2025 Couchbase Inc Earnings Call Transcript

Dec 3, 2024 / 09:30 PM GMT

Release Date Price: $21.12 (+2.92%)

Transcript 10-Q8-K

Key Points

Positve

Couchbase Inc (BASE) reported a 17% year-over-year increase in annual recurring revenue (ARR), reaching $220.3 million.
The company added 34 new logos in Q3, up from 24 in the same quarter of the previous fiscal year.
CAPELLA now represents 15.1% of total ARR, with a third of customers using the platform, indicating strong adoption.
Couchbase Inc (BASE) achieved its largest CAPELLA migration to date, a multi-million dollar deal with a Fortune 500 global hospitality company.
The company demonstrated strong performance across various industries, including government, gaming, fintech, e-commerce, and more, showcasing the versatility of its platform.

Negative

ARR per customer decreased to $244,000 from $246,000 last quarter and $264,000 in Q3 2024, indicating potential pricing or customer size challenges.
Operating cash flow for the third quarter was negative $16.9 million, with a free cash flow margin of negative 33.9%.
Gross margin decreased to 88.2% from 89.5% in the same quarter last year, partly due to the growing CAPELLA mix.
The company faces macroeconomic headwinds, which could impact upsell and migration timelines as well as consumption trends.
Despite strong ARR growth, revenue growth was only 13% year-over-year, suggesting a lag in revenue realization from ARR.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BASE.OQ - Couchbase Inc
Q3 2025 Couchbase Inc Earnings Call
Dec 03, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the couch based third quarter, 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero at telephone keypad. It is now my pleasure to introduce your host, Edward Parker. Thank you. You may be good.

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Unidentified_2 [2]
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Good afternoon and welcome to Couchbase's third quarter, 2025 earnings call. We'll be discussing the results announced in our press release

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