NASDAQ$BASE

Couchbase Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Couchbase reported Q2 2025, revenue of $160.3M, net loss of $45M, diluted EPS of $-0.85.

For Q2 2025, Couchbase reported revenue of $160.3M, a net loss of $45M, diluted EPS was $-0.85. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $160.3M.
  • Net loss $45M.
  • Diluted EPS $-0.85.
  • Couchbase MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$160M

No prior period
EPS (adj)

-$0.85

No prior period
Annual Recurring Revenue

$261M

No prior period
Net Retention Rate

115.0%

No prior period
Gross Margin

87.2%

No prior period
Non-GAAP Gross Margin

88.2%

No prior period
Non-GAAP Operating Loss

-$2.65M

No prior period
Remaining Performance Obligations

$271M

No prior period
Stock-Based Compensation

$14.1M

No prior period
Capital Expenditures

-$1.07M

No prior period
Net Income

-$45M

No prior period
Operating Income

-$25.4M

No prior period
Gross Profit

$50.2M

No prior period
R&D Expense

$17.4M

No prior period

Revenue & EPS history

Couchbase · Revenue · Quarterly

$160M

Q2 2025
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Software and security vendors emphasize ARR growth, cloud consumption, and operating margin expansion.

Tailwinds

  • AI product attach and platform consolidation wins.
  • Billings and deferred revenue growth.
  • Non-GAAP margin improvement and free cash flow.

Headwinds

  • Enterprise budget scrutiny elongates deal cycles.
  • Competitive pricing in security and collaboration.
  • Stock-based compensation and integration costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-2.4%

Avg return

Earnings day

-4.9%

Avg return

5 days after

-6.9%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+15.8%

Q2 2023

Best reaction

-28.0%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025+0.0%+0.0%
Q1 2025+1.5%+1.8%+27.5%
Q1 2026+3.3%+7.1%+31.7%
Q4 2024+12.4%+4.9%-9.7%
Q4 2026+12.4%+4.9%-9.7%
Q3 2026-22.0%-24.8%-25.1%
Q3 2024-19.6%-20.2%-24.2%
Q2 2026-15.1%-17.1%-22.8%
Q1 2024-13.4%-14.5%-14.9%
Q4 2023+0.0%+1.5%-6.4%
Q3 2023-4.7%+5.9%+1.5%
Q2 2023+15.8%+13.5%-1.1%
Q1 2023-28.0%-27.1%-33.6%
Q4 2022+2.3%-10.8%-15.0%
Q3 2022-7.1%+2.6%-7.5%
Q2 2022+8.0%+7.5%+0.1%
Q1 2022+14.4%+2.3%+28.1%
Q4 2020+0.7%+3.1%-0.2%
Q4 2021-4.0%-14.5%-0.6%
Q3 2021+7.4%-3.7%-19.9%
Q2 2021-15.0%-25.0%-35.4%
Q1 2021

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