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Couchbase Balance Sheet Health
Financial Health criteria checks 5/6
Couchbase has a total shareholder equity of $124.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $250.4M and $126.4M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$142.22m |
| Equity | US$124.01m |
| Total liabilities | US$126.43m |
| Total assets | US$250.43m |
Recent financial health updates
Analysis Article • Nov 15
Here's Why We're Not At All Concerned With Couchbase's (NASDAQ:BASE) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, although...Analysis Article • May 30
Here's Why We're Not At All Concerned With Couchbase's (NASDAQ:BASE) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...Recent updates
Seeking Alpha • Jun 04
Couchbase Sees Capella Demand But Macro Concerns Continue
Summary Couchbase continues to see demand for its Capella platform, but its topline revenue growth rate is slowing, and operating losses remain substantial. Capital allocation has been dilutive, with significant stock-based compensation and negative free cash flow, creating concerns for shareholders. The company trades at a discount to SaaS peers, but faces intense competition and lacks clear capital allocation plans. Despite incremental improvements and raised guidance, I maintain a neutral Hold rating due to persistent losses and an uncertain growth trajectory. Read the full article on Seeking AlphaAnalysis Article • May 23
We Think The Compensation For Couchbase, Inc.'s (NASDAQ:BASE) CEO Looks About Right
Key Insights Couchbase's Annual General Meeting to take place on 29th of May Total pay for CEO Matt Cain includes...Analysis Article • May 04
Subdued Growth No Barrier To Couchbase, Inc. (NASDAQ:BASE) With Shares Advancing 25%
Those holding Couchbase, Inc. ( NASDAQ:BASE ) shares would be relieved that the share price has rebounded 25% in the...Analysis Article • Apr 05
Is Couchbase, Inc. (NASDAQ:BASE) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights Couchbase's estimated fair value is US$10.54 based on 2 Stage Free Cash Flow to Equity Couchbase's...
New Narrative • Mar 25
Capella Adoption And NVIDIA Partnership Will Open Future Markets
Strategic expansions, including AI services and partnerships, improve competitive positioning, driving revenue growth and attracting enterprise customers with AI-driven demands.Analysis Article • Mar 14
More Unpleasant Surprises Could Be In Store For Couchbase, Inc.'s (NASDAQ:BASE) Shares After Tumbling 26%
Couchbase, Inc. ( NASDAQ:BASE ) shareholders won't be pleased to see that the share price has had a very rough month...Seeking Alpha • Mar 02
Couchbase: Stabilizing Growth Indicators Have Me Enthusiastic Again (Rating Upgrade)
Summary Couchbase's Q4 results showed revenue stabilization and growth, boosting the stock by ~10% post-earnings, despite being down ~30% over the past year. The company benefits from a massive $150 billion market for non-relational databases, driven by the exponential growth of unstructured data. Couchbase's fully managed Capella offering supports hybrid cloud strategies, enhancing its appeal and driving top-line expansion. The company is expecting Capella to drive revenue acceleration in FY27 to 20%+. With a large ARR base that covers its near-term guidance, Couchbase is well-positioned for sustained growth, making it a good re-entry point at ~3x forward revenue. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
Couchbase Looks To Agentic AI For Further Growth Opportunities
Summary Couchbase, Inc.'s fiscal year-end results on February 25, 2025, are crucial for evaluating its new Agentic AI feature uptake and any new cost optimization plans. Despite rising revenues, Couchbase faces high operating losses, heavily impacting its stock performance in a higher cost of capital environment. The company operates in the competitive DBaaS market, with significant competition from larger players, and its Capella platform's growth is essential. My outlook remains a Hold for BASE stock until greater visibility into its new Agentic AI features' success and management's expense discipline is achieved. Read the full article on Seeking AlphaAnalysis Article • Dec 22
Couchbase, Inc.'s (NASDAQ:BASE) 26% Cheaper Price Remains In Tune With Revenues
Couchbase, Inc. ( NASDAQ:BASE ) shares have retraced a considerable 26% in the last month, reversing a fair amount of...Seeking Alpha • Dec 05
Couchbase: All Eyes On The Fourth Quarter Results Now
Summary My hold rating on Couchbase remains due to concerns about meeting FY25 ARR growth targets despite positive developments in 3Q25 results. 3Q25 results showed revenue growth of ~13% y/y and improved adj EBITDA margin, but ARR growth decelerated, raising doubts about achieving 4Q25 guidance. Positive traction in Capella adoption and strong product innovation and partnerships are encouraging but insufficient to turn bullish without growth acceleration. The stock trades at a cheap valuation, but I'll only turn bullish if BASE reports acceleration in growth metrics for 4Q25. Read the full article on Seeking AlphaAnalysis Article • Nov 15
Here's Why We're Not At All Concerned With Couchbase's (NASDAQ:BASE) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, although...Seeking Alpha • Oct 29
Couchbase: Tremendous Salvage Value In This Discarded Database Play
Summary I’m initiating Couchbase at a Buy rating as the stock’s ~20% YTD fall has dropped the company's market cap below $1 billion. The stock is also trading at ~3x forward revenue, well below of its direct competitor MongoDB (which is trading at more than 9x revenue). The company’s new fully managed solution, Couchbase Capella, is helping to drive new customers to the platform. Couchbase also enjoys sky-high gross margins that are helping the company to scale to near breakeven on a pro forma basis. Read the full article on Seeking AlphaAnalysis Article • Oct 20
After Leaping 27% Couchbase, Inc. (NASDAQ:BASE) Shares Are Not Flying Under The Radar
Those holding Couchbase, Inc. ( NASDAQ:BASE ) shares would be relieved that the share price has rebounded 27% in the...Analysis Article • Aug 20
Is There An Opportunity With Couchbase, Inc.'s (NASDAQ:BASE) 36% Undervaluation?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Couchbase fair value estimate is US$28.39 Couchbase is...Seeking Alpha • Jun 19
Couchbase, Inc.: Rating Downgrade On Lowered Growth Expectations
Summary Investment rating downgraded from buy to hold due to concerns about competitive landscape and demand environment. 1Q25 results showed revenue growth, but ARR growth decelerated, and Capella customer additions slowed significantly. Valuation adjusted downwards to $14 in the near term, with a new multiple expectation of 2.3x due to increased competitive pressure and tough macro environment. Read the full article on Seeking AlphaAnalysis Article • Jun 07
Couchbase, Inc. (NASDAQ:BASE) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Couchbase, Inc. ( NASDAQ:BASE ) shareholders that were waiting for something to happen have been dealt a blow with a...Seeking Alpha • Jun 06
Couchbase Q1 Earnings: Strong Growth With A Step Towards Profitability
Summary We recap the Q1 earnings report from Couchbase. The company beat expectations while operating cash flow turned positive. Data-intensive AI applications have added a growth tailwind for the company's market opportunity. Read the full article on Seeking AlphaAnalysis Article • May 30
Here's Why We're Not At All Concerned With Couchbase's (NASDAQ:BASE) Cash Burn Situation
We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...Analysis Article • Apr 11
With Couchbase, Inc. (NASDAQ:BASE) It Looks Like You'll Get What You Pay For
When close to half the companies in the IT industry in the United States have price-to-sales ratios (or "P/S") below...Seeking Alpha • Mar 22
Couchbase: Possible Beat And Raise In FY25
Summary Couchbase's recent performance demonstrated strong revenue growth and improved profitability. The company operates in an attractive industry with room for growth. Management's guidance for FY25 is conservative, and a potential macro recovery could lead to surpassing expectations, which could lead to a beat-and-raise scenario. Read the full article on Seeking AlphaAnalysis Article • Feb 02
Is Couchbase, Inc. (NASDAQ:BASE) Trading At A 27% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Couchbase fair value estimate is US$35.62 Couchbase's US$26.18...Analysis Article • Jan 03
Couchbase, Inc. (NASDAQ:BASE) Not Flying Under The Radar
When you see that almost half of the companies in the IT industry in the United States have price-to-sales ratios (or...Financial Position Analysis
Short Term Liabilities: BASE's short term assets ($212.1M) exceed its short term liabilities ($116.9M).
Long Term Liabilities: BASE's short term assets ($212.1M) exceed its long term liabilities ($9.5M).
Debt to Equity History and Analysis
Debt Level: BASE is debt free.
Reducing Debt: BASE currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BASE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BASE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/23 02:19 |
| End of Day Share Price | 2025/09/23 00:00 |
| Earnings | 2025/07/31 |
| Annual Earnings | 2025/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Couchbase, Inc. is covered by 7 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kasthuri Rangan | Goldman Sachs |
| Sanjit Singh | Morgan Stanley |
| Michael Cikos | Needham & Company |