Q4 2025 Couchbase Inc Earnings Call Transcript
Key Points
- Couchbase Inc (BASE) reported its highest ever quarterly net new ARR, driven by robust renewals, expansions, and strong Capella adoption.
- The company achieved its second quarter of positive free cash flow and its first quarter of positive non-GAAP net income.
- Total ARR grew by 17% year over year, reaching $237.9 million, with Capella now representing 16.2% of total ARR.
- Couchbase Inc (BASE) added 44 new logos in Q4, up from 34 in the same quarter of the previous year.
- The company expanded its analytics services to Google Cloud regions, enhancing its real-time JSON analytics capabilities.
- The dollar-based net retention rate (NRR) was slightly below historical levels at greater than 114%, compared to the typical greater than 115%.
- Q4 ARR per customer decreased to $251,000 from $273,000 in Q4 2024, reflecting the increasing mix of Capella.
- The company experienced foreign currency fluctuations impacting ARR, although it still exceeded guidance.
- Couchbase Inc (BASE) reported a non-GAAP operating loss of $144,000 in Q4, despite improvements from the previous year.
- The departure of CFO Greg Henry could pose transitional challenges, although an interim CFO has been appointed.
Greetings and welcome to the Couchbase fourth quarter 2025 earnings conference call. (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Edward Parker, Head of Investor Relations. Thank you. You may begin.
Good afternoon and welcome to Couchbase's fourth quarter 2025 earnings call. We'll be discussing the results announced on our press release issued after the market closed today. With me are Couchbase's Chair, President and CEO, Matt Cain, and CFO, Greg Henry.
Today's call will contain forward-looking statements, which include statements concerning financial and business trends and strategies, market size, product capabilities, our expected future business and financial performance and financial condition, and our guidance for future periods. These statements reflect our views as of today only and should not be relied upon as representing our views at any subsequent date, and we do not undertake any duty to update these
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