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Apr 30, 2024
Couchbase Q1 2025 Earnings Report
Couchbase announced its first quarter fiscal 2025 financial results, exceeding revenue and operating loss outlooks and achieving positive free cash flow.
Key Takeaways
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.
Total revenue for the quarter increased by 25% year-over-year to $51.3 million.
Annual Recurring Revenue (ARR) grew by 21% year-over-year to $207.7 million.
The company achieved positive free cash flow of $0.6 million, compared to negative free cash flow of $8.5 million in the prior year.
Non-GAAP gross margin improved to 89.9% from 86.4% in the prior year.
Couchbase
Couchbase
Couchbase Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal 2025, Couchbase expects total revenue between $50.6 million and $51.4 million, total ARR between $212.5 million and $215.5 million, and non-GAAP operating loss between $5.7 million and $4.7 million. For the full fiscal year 2025, the company anticipates total revenue between $204.5 million and $208.5 million, total ARR between $235.5 million and $240.5 million, and non-GAAP operating loss between $26.5 million and $21.5 million.
Positive Outlook
- Expected continued growth in total revenue for both Q2 and full fiscal year 2025.
- Anticipated increase in total ARR for both Q2 and full fiscal year 2025.
- Projected improvement in non-GAAP operating loss for the full fiscal year 2025 compared to Q2.
- The company's strategy and ability to achieve objectives in fiscal 2025 remain confident.
- Continued focus on improving operational rigor and efficiency.
Challenges Ahead
- Guidance is based on assumptions subject to change and outside of control.
- Actual results may vary from expectations.
- Difficulty in estimating certain items excluded from non-GAAP operating loss, such as stock-based compensation expense.
- The effect of excluded items on GAAP operating loss may be significant.
- No GAAP targets for operating loss provided for Q2 or full fiscal year 2025 due to estimation difficulties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income