NASDAQ$BASE
Couchbase Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Couchbase reported strong financial results for the fourth quarter and fiscal year ended January 31, 2024, exceeding guidance ranges and achieving significant ARR growth.
Couchbase finished fiscal 2024 with strong results, highlighted by 25% ARR growth and exceeding guidance on all metrics. Capella now represents 11% of ARR and over 25% of the customer base, positioning the company for its next phase of growth.
- Total revenue for the quarter increased by 20% year-over-year to $50.1 million.
- Annual Recurring Revenue (ARR) grew by 25% year-over-year to $204.2 million.
- Non-GAAP gross margin improved to 90.4% for the quarter, up from 86.3% in the prior year.
- Capella, the cloud database platform, achieved a significant milestone, now accounting for 11% of ARR and over 25% of the customer base.
Headline financials
Revenue & EPS history
Couchbase · Revenue · Quarterly
$50.1M
Forward guidance
For the first quarter of fiscal 2025, Couchbase expects total revenue between $48.1 million and $48.9 million, and total ARR between $206.5 million and $209.5 million. Non-GAAP operating loss is projected to be between $8.5 million and $7.5 million.
Tailwinds
- Projected Q1 FY2025 total revenue of $48.1-$48.9 million.
- Anticipated Q1 FY2025 ARR of $206.5-$209.5 million.
- Full Year FY2025 total revenue guidance of $203.0-$207.0 million.
- Full Year FY2025 ARR guidance of $235.5-$240.5 million.
- Full Year FY2025 Non-GAAP operating loss projected to be between $27.5 million and $22.5 million.
Headwinds
- Q1 FY2025 Non-GAAP operating loss expected to be between $8.5 million and $7.5 million.
- The company is unable to provide GAAP targets for operating loss due to difficulty in estimating certain excluded items like stock-based compensation expense.
- Guidance is based on assumptions subject to change and outside of control, meaning actual results may vary.
- There is no assurance that the company will achieve the projected results.
- The effect of excluded items on GAAP operating loss may be significant.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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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