BASE (Couchbase) Scaled Net Operating Assets: -0.04 (As of Jul. 2025)


BASE Couchbase Inc BASE
17 GF Score
Price $24.51
GF Value $19.01
! 7 Warning Signs
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What is Couchbase Scaled Net Operating Assets?

Couchbase BASE 17 Scaled Net Operating Assets is -0.04 as of Jul. 2025. GuruFocus rates BASE with a GF Score™ of 17/100 and a GF Value™ of $19.01. The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Couchbase's operating assets for the quarter that ended in Jul. 2025 was $108.2 Mil. Couchbase's operating liabilities for the quarter that ended in Jul. 2025 was $118.2 Mil. Couchbase's Total Assets for the quarter that ended in Apr. 2025 was $247.0 Mil. Therefore, Couchbase's scaled net operating assets (SNOA) for the quarter that ended in Jul. 2025 was -0.04.


Couchbase Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Couchbase's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Couchbase Scaled Net Operating Assets Chart

Couchbase Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Scaled Net Operating Assets
Get a 7-Day Free Trial -0.27 -0.19 -0.04 -0.07 -0.06

Couchbase Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.11 -0.04 -0.07 -0.05 -0.04

BASE vs ATEN, SUPX, RPD: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Couchbase's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Couchbase Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Couchbase's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Couchbase's Scaled Net Operating Assets falls into.


BASE
17GF Score
Couchbase Inc BASE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Couchbase Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Couchbase's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2025 )
=(Operating Assets (A: Jan. 2025 )-Operating Liabilities (A: Jan. 2025 ))/Total Assets (A: Jan. 2024 )
=(113.427-128.666)/247.752
=-0.06

where

Operating Assets(A: Jan. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=260.598 - 147.171
=113.427

Operating Liabilities(A: Jan. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=132.982 - 2.96 - 1.356
=128.666

Couchbase's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jul. 2025 )
=(Operating Assets (Q: Jul. 2025 )-Operating Liabilities (Q: Jul. 2025 ))/Total Assets (Q: Apr. 2025 )
=(108.212-118.241)/246.959
=-0.04

where

Operating Assets(Q: Jul. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=250.434 - 142.222
=108.212

Operating Liabilities(Q: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=126.425 - 7.131 - 1.053
=118.241

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of -0.04 mean?
Couchbase (BASE) has a Scaled Net Operating Assets of -0.04 as of Jul. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Couchbase and its competitors.
Is Couchbase's Scaled Net Operating Assets too high?
Couchbase's current Scaled Net Operating Assets is -0.04. Overall, Couchbase has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Couchbase's Scaled Net Operating Assets compare to ATEN and SUPX?
Couchbase's Scaled Net Operating Assets of -0.04 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Couchbase and its competitors. Couchbase's current Scaled Net Operating Assets is -0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Couchbase stock overvalued right now?
Couchbase (BASE) has a current Scaled Net Operating Assets of -0.04. The stock's GF Value™ is $19.01, compared to a current price of $24.51 — trading 28.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.04. Couchbase's overall GF Score™ is 17/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Couchbase (BASE), the current Scaled Net Operating Assets is -0.04 as of Jul. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Couchbase (BASE) Overvalued in 2026?

Based on GuruFocus' analysis, Couchbase stock appears to be overvalued. The current stock price of $24.51 is trading 28.9% above its estimated GF Value™ of $19.01.

Key valuation signals for BASE:

  • Scaled Net Operating Assets: -0.04
  • GF Value™: $19.01 vs. price of $24.51 (28.9% above fair value)
  • GF Score™: 17/100 with 7 warning signs

No single metric tells the full story. See the BASE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Couchbase Business Description

Address 3250 Olcott Street, Santa Clara, CA, USA, 95054
Couchbase Inc provides a modern cloud database that offers the robust capabilities required for business-critical applications on a scalable and available platform. It empower developers and architects to build, deploy and run mission-critical applications. Couchbase delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Geographically, the company generates a majority of its revenue from the United States.
17GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.51
Price
$19.01
GF Value