SANTA CLARA, Calif. - Couchbase, Inc. (NASDAQ: BASE) reported better-than-expected second quarter results and provided guidance largely in line with analyst estimates.
BASE shares were trading down 9% in Wednesday's aftermarket session.
The cloud database platform company posted adjusted earnings per share of -$0.06, beating the consensus estimate of -$0.09. Revenue grew 20% YoY to $51.6 million, exceeding expectations of $51.11 million.
"I'm pleased with our hard work and execution in the quarter," said Matt Cain, Chair, President and CEO of Couchbase. "We delivered revenue and operating loss results that exceeded the high end of our outlook, generated strong new business and new logos, and saw a meaningful increase in our Capella mix."
For the third quarter, Couchbase expects revenue between $50.3-51.1 million, compared to the $50.69 million consensus. Full year fiscal 2025 revenue is projected at $205.1-209.1 million, bracketing the $207.3 million analyst estimate.
The company reported annual recurring revenue (ARR) of $214.0 million as of July 31, up 18% YoY or 19% on a constant currency basis.
Couchbase ended the quarter with $156.1 million in cash, cash equivalents and short-term investments.
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