Couchbase Reports 10% Revenue Growth to $56.5 Million, Improves Net Loss

Couchbase, Inc. reported its financial results for the three months ending April 30, 2025, revealing a total revenue of $56.5 million, a 10% increase from $51.3 million in the same period last year. The growth was primarily driven by a 12% rise in subscription revenue, which accounted for 97% of total revenue, reaching $54.8 million compared to $49.0 million in the prior year. The company’s net loss for the quarter was $17.7 million, an improvement from a net loss of $21.0 million in the previous year, reflecting ongoing investments in growth and product development.

In terms of operational metrics, Couchbase's annual recurring revenue (ARR) increased by 21% year-over-year, reaching $252.1 million as of April 30, 2025, up from $207.7 million a year earlier. The company also expanded its customer base, reporting 937 total customers, an increase from 807 customers in the same quarter of the previous year. The growth in customer count and ARR indicates a strong demand for Couchbase's database solutions, particularly its Couchbase Capella offering, which is a fully managed database-as-a-service (DBaaS).

Couchbase has continued to invest in its product offerings, particularly in enhancing its AI capabilities. The company is focusing on its Couchbase Capella platform, which integrates AI functionalities to meet the growing demand for intelligent applications. The filing noted that the company is also expanding its geographic reach and enhancing its sales and marketing efforts to capture a larger share of the market. As of April 30, 2025, Couchbase had a headcount of 66 employees, up from 63 a year prior, reflecting its commitment to scaling operations.

The company’s financial position remains stable, with cash, cash equivalents, and short-term investments totaling $141.8 million as of April 30, 2025. However, Couchbase continues to face challenges, including macroeconomic conditions that may impact customer spending and longer sales cycles. The company acknowledged that it may require additional capital in the future to support its growth initiatives and operational needs. Looking ahead, Couchbase anticipates continued investment in its platform and infrastructure to drive future growth, while also managing the risks associated with market fluctuations and competition.