DoD tests AI models that make it easy to switch from vendors like Palantir
SAN JOSE, Calif. - Couchbase Inc. (NASDAQ:BASE) shares slipped 1.6% in after-hours trading Tuesday after the database software company reported a wider-than-expected loss for its fiscal first quarter, overshadowing a revenue beat.
The company posted a Q1 loss of $0.33 per share, significantly worse than the $0.08 loss analysts had forecast. However, revenue came in at $56.5 million, surpassing expectations of $55.59 million and growing 10% YoY.
"We had a great start to fiscal 2026, delivering the highest first quarter net new ARR in company history," said Matt Cain, Chair, President and CEO of Couchbase.
Annual recurring revenue (ARR) reached $252.1 million, up 21% YoY. Subscription revenue, which makes up the bulk of total revenue, increased 12% to $54.8 million.
For Q2, Couchbase expects revenue between $54.4 million and $55.2 million. The company also provided full-year fiscal 2026 revenue guidance of $228.3 million to $232.3 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.