Couchbase exceeded expectations in Q2 FY26, driven by solid subscription growth and ARR momentum. The company continues to invest in AI and ecosystem partnerships, while managing its losses and cash flow carefully.

Couchbase reported strong first quarter fiscal 2025 results, with total revenue increasing by 25% year-over-year to $51.3 million and Annual Recurring Revenue (ARR) growing by 21% to $207.7 million. The company achieved positive free cash flow of $0.6 million, a significant improvement from a negative free cash flow in the prior year.

Couchbase delivered strong subscription growth and record ARR in Q1 2026, driven by Capella usage and large account momentum, although the company continued to operate at a net loss.

Couchbase finished fiscal 2024 with strong results, highlighted by 25% ARR growth and exceeding guidance on all metrics. Capella now represents 11% of ARR and over 25% of the customer base, positioning the company for its next phase of growth.

Couchbase delivered a solid Q4 2025 performance, exceeding expectations in both revenue and adjusted EPS. The company reported record free cash flow and net new ARR, driven by strong subscription revenue growth. Operating losses narrowed, and gross margin remained high.