Tearsheet

Couchbase (BASE)

Market Price (9/30/2025): $24.52 | Market Cap: $1.3 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Couchbase (BASE)

Market Price (9/30/2025): $24.52
Market Cap: $1.3 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights

0			Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36%
1			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13%
2			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 54%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9%

0	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36%
1	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -13%
2	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 54%
3	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9%

Market Valuation

	9/30/25	2024	2023	2022
Share Price CYE	$24.52	$15.59	$22.52	$13.26
Market Cap CYE ($ Bil)	1.3	0.8	1.1	0.6
Total Debt ($ Bil)	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.1	0.1	0.2	0.2
Enterprise Value ($ Bil)	1.2	0.8	1.1	0.6
Valuation Ratios
P/S TTM	6.1	3.8	5.9	3.8
P/EBIT TTM	-18.4	-11.0	-13.5	-8.8
P/E TTM	-17.8	-10.7	-13.2	-8.7
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8	2.5
P/EBIT TTM (Sector)	3.9	-0.0	-0.1	-0.5
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5

	9/30/25	2024
Share Price CYE	$24.52	$15.59
Market Cap CYE ($ Bil)	1.3	0.8
Total Debt ($ Bil)	0.0	0.0
Total Cash ($ Bil)	0.1	0.1
Enterprise Value ($ Bil)	1.2	0.8
Valuation Ratios
P/S TTM	6.1	3.8
P/EBIT TTM	-18.4	-11.0
P/E TTM	-17.8	-10.7
Sector Ratios
P/S TTM (Sector)	3.3	3.1
P/EBIT TTM (Sector)	3.9	-0.0
P/E TTM (Sector)	-0.4	-0.3

Stock Price
Market Cap

Return (1M):

Business Description

Couchbase, Inc. provides a database for enterprise applications worldwide. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BASE Return	-	-	-47%	70%	-31%	57%	-100%
Peers Return	25%	1%	-29%	114%	4%	-12%	76%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: EBON, VELO, YIBO, AAPL, DELL.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than Couchbase (BASE)

	BASE	Better Performance than BASE
Metric	Value	Industry (Technology Hardware, Storage &)
Rev Chg LTM	11.0%	STX (38.9%), WDC (39.2%), HPE (14.0%), SMCI (46.6%), PSTG (11.3%)
Rev Chg 3Y Avg	16.3%	SMCI (64.7%), IONQ (104.2%), QBTS (55.2%), QUBT (61.0%)
Op Mgn LTM	-35.9%	AAPL (31.9%), DELL (6.8%), STX (21.1%), WDC (21.1%), HPE (6.2%)
CFO/Rev LTM	-10.3%	AAPL (26.6%), DELL (7.4%), STX (11.9%), WDC (12.7%), HPE (7.5%)
FCF/Rev LTM	-13.4%	AAPL (23.5%), DELL (4.8%), STX (9.0%), WDC (9.6%), HPE (0.7%)
Total Yield	-5.6%	AAPL (3.0%), DELL (6.9%), STX (4.2%), WDC (4.6%), HPE (6.0%)

	BASE	Better Performance than BASE
Metric	Value	Sector (Information Technology)
Rev Chg LTM	11.0%	NVDA (71.6%), MSFT (14.9%), AVGO (28.0%), PLTR (38.8%), AMD (27.2%)
Rev Chg 3Y Avg	16.3%	NVDA (92.0%), AVGO (24.0%), PLTR (25.7%), NOW (22.3%), SHOP (26.0%)
Op Mgn LTM	-35.9%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	-10.3%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	-13.4%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), AVGO (41.6%), ORCL (-10.0%)
Total Yield	-5.6%	NVDA (2.0%), MSFT (3.3%), AAPL (3.0%), AVGO (1.2%), ORCL (2.2%)

	BASE	Better Performance than BASE
Metric	Value	All Other Sectors
Rev Chg LTM	11.0%	GOOGL (13.1%), META (19.4%), LLY (36.8%), V (11.4%), MA (13.1%)
Rev Chg 3Y Avg	16.3%	BRK-B (16.6%), LLY (23.4%), APP (23.7%), UBER (23.2%), BKNG (19.9%)
Op Mgn LTM	-35.9%	GOOGL (32.7%), AMZN (11.4%), META (42.9%), TSLA (6.2%), WMT (4.2%)
CFO/Rev LTM	-10.3%	GOOGL (36.0%), AMZN (18.1%), META (56.4%), TSLA (17.0%), BRK-B (6.9%)
FCF/Rev LTM	-13.4%	GOOGL (18.0%), AMZN (2.0%), META (30.7%), TSLA (6.0%), BRK-B (2.1%)
Total Yield	-5.6%	GOOGL (4.2%), AMZN (3.0%), META (3.8%), TSLA (0.4%), BRK-B (5.8%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Why Couchbase Stock Moved: BASE Stock Has Gained 85% Since 2022 Fiscal End, Primarily Due To Favorable Change In Revenues
2	BASE Dip Buy Analysis
3	Now Is Not The Time To Buy Couchbase Stock	Buy or Fear
4	Couchbase (BASE) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES
1	Why Couchbase Stock Moved: BASE Stock Has Gained 85% Since 2022 Fiscal End, Primarily Due To Favorable Change In Revenues
2	BASE Dip Buy Analysis
3	Now Is Not The Time To Buy Couchbase Stock
4	Couchbase (BASE) Valuation Ratios Comparison

Trade Ideas

Select past trade ideas related to BASE and Technology Hardware, Storage & Peripherals.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
IT_8312025_Dip_Buyer_High_CFO_Margins_ExInd_DE	08312025	IT	Gartner	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	-7.4%
AMAT_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	AMAT	Applied Materials	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	26.8%	26.8%	-2.8%
ON_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	ON	ON Semiconductor	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.1%	1.1%	-3.6%
SWKS_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	SWKS	Skyworks Solutions	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.1%	6.1%	-2.8%
WDAY_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	WDAY	Workday	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.9%	6.9%	-5.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
IT_8312025_Dip_Buyer_High_CFO_Margins_ExInd_DE	08312025	IT	Gartner	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	-7.4%
AMAT_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	AMAT	Applied Materials	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	26.8%	26.8%	-2.8%
ON_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	ON	ON Semiconductor	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.1%	1.1%	-3.6%
SWKS_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	SWKS	Skyworks Solutions	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.1%	6.1%	-2.8%
WDAY_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	WDAY	Workday	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.9%	6.9%	-5.1%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	13709.5%	13709.5%
2	TNFA	TNF Pharmaceuticals	7529.9%	-95.9%
3	QMMM	QMMM	2749.6%	9228.1%
4	WOLF	Wolfspeed	1757.1%	231.8%
5	EAF	GrafTech International	1199.0%	-24.2%
6	SEGG	Lottery.com	646.7%	-7.9%
7	SLNH	Soluna	435.8%	20.0%
8	PTNM	Pitanium	433.3%
9	NUAI	New Era Energy & Digital	395.6%
10	BREA	Brera	380.3%	3593.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-96.1%	-100.0%
2	WOK	WORK Medical Technology	-90.8%	-98.5%
3	CJET	Chijet Motor	-90.3%	-92.7%
4	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
5	YAAS	Youxin Technology	-85.8%	-98.9%
6	ATYR	aTyr Pharma	-85.1%	-78.0%
7	CURX	Curanex Pharmaceuticals	-84.9%	28.8%
8	YYGH	YY	-84.6%	-80.3%
9	NEON	Neonode	-84.6%	-58.7%
10	SDM	Smart Digital	-82.5%	-83.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

Peer Comparisons for Couchbase

Financials

	BASE	EBON	VELO	YIBO	AAPL	DELL	Median
Name	Couchbase	Ebang In.	Velo3D	Planet I.	Apple	Dell Tec.
Mkt Price	-	4.68	3.00	1.38	254.43	133.90	4.68
Mkt Cap	1.3	-	-	-	3,791.7	90.8	90.8
Rev LTM	221	-	44	-	408,625	101,451	50,836
Op Inc LTM	-79	-	-64	-	130,214	6,913	3,424
FCF LTM	-29	-	-18	-	96,184	4,860	2,421
FCF 3Y Avg	-32	-	-73	-	100,503	4,496	2,232
CFO LTM	-23	-	-18	-	108,565	7,477	3,730
CFO 3Y Avg	-26	-	-69	-	111,559	7,215	3,595

Growth & Margins

	BASE	EBON	VELO	YIBO	AAPL	DELL	Median
Name	Couchbase	Ebang In.	Velo3D	Planet I.	Apple	Dell Tec.
Rev Chg LTM	11.0%	-	-4.3%	-	6.0%	10.5%	8.2%
Rev Chg 3Y Avg	16.3%	-	11.9%	-	1.8%	-1.3%	6.8%
Rev Chg Q	11.6%	-	31.2%	-	9.6%	19.0%	15.3%
QoQ Delta Rev Chg LTM	2.8%	-	8.0%	-	2.1%	4.9%	3.8%
Op Mgn LTM	-35.9%	-	-147.1%	-	31.9%	6.8%	-14.6%
Op Mgn 3Y Avg	-40.9%	-	-174.7%	-	30.8%	6.1%	-17.4%
QoQ Delta Op Mgn LTM	-1.0%	-	32.5%	-	0.1%	0.1%	0.1%
CFO/Rev LTM	-10.3%	-	-40.6%	-	26.6%	7.4%	-1.5%
CFO/Rev 3Y Avg	-13.8%	-	-106.9%	-	28.4%	7.5%	-3.1%
FCF/Rev LTM	-13.4%	-	-40.6%	-	23.5%	4.8%	-4.3%
FCF/Rev 3Y Avg	-16.7%	-	-111.2%	-	25.6%	4.7%	-6.0%

Valuation

	BASE	EBON	VELO	YIBO	AAPL	DELL	Median
Name	Couchbase	Ebang In.	Velo3D	Planet I.	Apple	Dell Tec.
Mkt Cap	1.3	-	-	-	3,791.7	90.8	90.8
P/S	6.1	-	-	-	9.3	0.9	6.1
P/EBIT	-18.4	-	-	-	29.1	12.2	12.2
P/E	-17.8	-	-	-	38.2	18.5	18.5
P/CFO	-58.8	-	-	-	34.9	12.1	12.1
Total Yield	-5.6%	-	-	-	3.0%	6.9%	3.0%
Dividend Yield	0.0%	-	-	-	0.4%	1.5%	0.4%
FCF Yield 3Y Avg	-3.4%	-	-	-	3.2%	7.6%	3.2%
D/E	0.0	-	-	-	0.0	0.3	0.0
Net D/E	-0.1	-	-	-	0.0	0.2	0.0

Returns

	BASE	EBON	VELO	YIBO	AAPL	DELL	Median
Name	Couchbase	Ebang In.	Velo3D	Planet I.	Apple	Dell Tec.
1M Rtn	-	11.2%	-30.4%	11.2%	9.6%	9.6%	9.6%
3M Rtn	-	41.8%	-	-4.2%	24.2%	9.7%	16.9%
6M Rtn	-	21.6%	-	18.9%	14.8%	48.4%	20.2%
12M Rtn	-	-23.8%	-	-49.7%	12.2%	13.4%	-5.8%
3Y Rtn	-	-62.0%	-	-	87.0%	319.7%	87.0%
1M Excs Rtn	-	1.8%	-36.8%	8.8%	7.0%	-2.6%	1.8%
3M Excs Rtn	-	34.5%	-	-11.6%	16.8%	2.3%	9.6%
6M Excs Rtn	-	-3.8%	-	-15.6%	-2.3%	27.3%	-3.0%
12M Excs Rtn	-	-38.4%	-	-64.8%	-3.5%	-3.0%	-20.9%
3Y Excs Rtn	-	-138.1%	-	-	-8.0%	218.1%	-8.0%

Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2025	2024	2023	2022	2021	2020
Period End	7/31/2025	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020
Filing Date	9/4/2025	3/25/2025	3/26/2024	3/29/2023	3/31/2022	7/12/2021	3/31/2022
Key Financials
Total Revenue	221	209	180	155	124	103	83
EBITDA	-70	-71	-76	-64	-54	-30	-23
Operating Income	-79	-79	-79	-68	-56	-33	-30
Net Income	-75	-75	-80	-68	-58	-40	-29
EPS	-1.41	-1.45	-1.70	-1.53	-2.37	-1.34	-0.89
Growth Rates
Total Revenue Growth	11.0%	16.3%	16.3%	25.3%	19.6%	25.2%	-
EBITDA Growth	8.2%	7.7%	-19.0%	-19.4%	-79.3%	-29.6%	-
Operating Income Growth	-1.0%	0.9%	-17.3%	-20.3%	-70.1%	-9.0%	-
Net Income Growth	4.2%	6.9%	-17.1%	-17.6%	-45.6%	-36.7%	-
Margins
EBITDA Margin	-31.5%	-33.7%	-42.4%	-41.5%	-43.5%	-29.0%	-28.0%
Operating Income Margin	-35.9%	-37.6%	-44.1%	-43.7%	-45.5%	-32.0%	-36.8%
Net Income Margin	-34.1%	-35.6%	-44.5%	-44.2%	-47.1%	-38.7%	-35.5%
Cash & Debt
Total Cash	142	147	154	168	206	57	18
Total Debt	8	4	5	8	0	25	49
Net Debt / (Cash)	-134	-143	-148	-161	-206	-32	31
Cash Flows
Net Cash from Operations	-23	-16	-27	-41	-42	-39	-22
Free Cash from Operations	-29	-19	-32	-47	-42	-42	-26
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	0	-0	-0

$ Mil \| FY: 1/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022
Filing Date	9/4/2025	6/4/2025	3/25/2025	12/4/2024	9/5/2024	6/6/2024	3/26/2024	12/7/2023	9/7/2023	6/7/2023	3/29/2023	12/12/2022
Key Financials Quarterly
Total Revenue	58	57	55	52	52	51	50	46	43	41	42	39
Ebitda	-23	-16	-14	-17	-19	-21	-20	-16	-20	-20	-16	-15
Operating Income	-25	-19	-16	-19	-21	-23	-17	-18	-22	-22	-17	-17
Net Income	-24	-18	-16	-18	-20	-21	-21	-16	-21	-22	-17	-17
EPS	-0.43	-0.33	-0.30	-0.35	-0.39	-0.42	-0.44	-0.34	-0.44	-0.48	-0.37	-0.37
Key Financials TTM
Total Revenue TTM	221	215	209	205	199	190	180	172	164	161	155	148
Ebitda TTM	-70	-66	-71	-77	-76	-77	-76	-72	-71	-66	-64	-61
Operating Income TTM	-79	-75	-79	-80	-79	-79	-79	-79	-78	-71	-68	-63
Net Income TTM	-75	-71	-75	-80	-79	-79	-80	-75	-76	-71	-68	-65
Growth Rates Quarterly
Total Revenue Growth	11.6%	10.1%	9.6%	12.7%	19.6%	25.2%	20.3%	18.8%	8.4%	17.6%	18.7%	25.1%
EBITDA Growth	-19.8%	22.6%	30.2%	-5.3%	4.7%	-2.0%	-30.2%	-2.6%	-39.5%	-7.5%	-28.5%	-4.1%
Operating Income Growth	-20.7%	16.4%	9.2%	-9.6%	3.8%	-0.2%	-3.6%	-5.7%	-43.6%	-18.4%	-32.9%	-7.1%
Net Income Growth	-19.6%	15.8%	27.1%	-11.7%	3.7%	4.0%	-28.8%	2.5%	-34.4%	-10.3%	-25.5%	-4.7%
Margins Quarterly
EBITDA Margin	-39.4%	-28.2%	-26.0%	-32.3%	-36.7%	-40.2%	-40.8%	-34.6%	-46.1%	-49.3%	-37.7%	-40.0%
Operating Income Margin	-44.1%	-33.3%	-28.8%	-37.3%	-40.8%	-43.9%	-34.8%	-38.3%	-50.7%	-54.9%	-40.5%	-43.0%
Net Income Margin	-41.3%	-31.3%	-28.4%	-35.2%	-38.6%	-40.9%	-42.7%	-35.5%	-47.9%	-53.4%	-39.9%	-43.3%
Cash & Debt
Total Cash	142	142	147	142	156	160	154	157	166	164	168	177
Total Debt	8	4	4	6	4	4	5	6	6	7	8	8
Net Debt / (Cash)	-134	-138	-143	-136	-152	-156	-148	-151	-160	-157	-161	-170
Cash Flows Quarterly
FCF from Operations	-3	-7	4	-17	-5	2	-6	-13	-1	-7	-10	-15
Cash Flows TTM
FCF from Operations TTM	-23	-24	-16	-27	-22	-18	-27	-31	-33	-40	-41	-34
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-17.0%	-13.2%	-11.5%	-14.2%	-16.6%	-18.6%	-14.8%	-15.5%	-20.4%	-21.6%	-16.8%	-17.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-13.3%	-13.1%	-14.3%	-14.9%	-15.5%	-16.4%	-16.8%	-17.4%	-18.1%	-17.1%	-16.9%	-16.6%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$24.51
Market Cap ($ Bil)	1.3
First Trading Date	07/22/2021
Distance from 52W High	-0.3%
	50 Days	200 Days
DMA Price	$24.35	$19.27
DMA Trend	up	up
Distance from DMA	0.6%	27.2%
	3M	1YR
Volatility	2.1%	56.6%
Downside Capture	7.20	89.93
Upside Capture	7.32	123.57
Correlation (SPY)	32.5%	42.8%

BASE Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.08	0.09	-0.94	1.22	1.22	1.36
Up Beta	0.11	0.11	-0.13	1.35	1.24	1.18
Down Beta	0.10	0.12	-1.48	1.60	1.30	1.51
Up Capture	9%	6%	15%	106%	134%	314%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	18	29	62	126	389
Down Capture	2%	6%	-325%	65%	108%	106%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	7	19	29	59	118	353

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	9152025
Short Interest: Shares Quantity	3,379,317
Short Interest: % Change Since 8312025	4.4%
Average Daily Volume	726,051
Days-to-Cover Short Interest	4.65
Basic Shares Quantity	54,707,000
Short % of Basic Shares	6.2%

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
9/3/2025	0.1%	0.0%
6/3/2025	3.1%	5.1%	31.6%
2/25/2025	12.4%	7.4%	-10.8%
12/3/2024	-21.9%	-24.9%	-25.1%
9/4/2024	-15.2%	-22.8%	-24.3%
6/5/2024	-14.5%	-13.5%	-15.6%
3/5/2024	4.0%	2.8%	-2.9%
12/6/2023	-2.2%	9.3%	14.1%
...
SUMMARY STATS
# Positive	8	8	5
# Negative	9	9	12
Median Positive	4.9%	6.2%	14.1%
Median Negative	-14.5%	-22.8%	-16.0%
Max Positive	19.5%	13.9%	31.6%
Max Negative	-28.1%	-30.1%	-38.1%

	Forward Returns
9/3/2025	0.1%	0.0%
6/3/2025	3.1%	5.1%	31.6%
2/25/2025	12.4%	7.4%	-10.8%
12/3/2024	-21.9%	-24.9%	-25.1%
9/4/2024	-15.2%	-22.8%	-24.3%
6/5/2024	-14.5%	-13.5%	-15.6%
3/5/2024	4.0%	2.8%	-2.9%
12/6/2023	-2.2%	9.3%	14.1%
9/6/2023	19.5%	13.9%	2.2%
6/6/2023	-28.1%	-26.6%	-36.3%
3/7/2023	2.8%	-14.5%	-16.0%
12/6/2022	-4.2%	3.7%	-7.6%
9/7/2022	5.8%	-5.1%	6.8%
6/8/2022	13.1%	12.2%	20.6%
3/9/2022	-9.6%	-8.2%	-3.9%
12/7/2021	-5.3%	-25.1%	-29.5%
9/8/2021	-19.3%	-30.1%	-38.1%
SUMMARY STATS
# Positive	8	8	5
# Negative	9	9	12
Median Positive	4.9%	6.2%	14.1%
Median Negative	-14.5%	-22.8%	-16.0%
Max Positive	19.5%	13.9%	31.6%
Max Negative	-28.1%	-30.1%	-38.1%

SEC Filings

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Report Date	Filing Date	Filing
7312025	9042025	10-Q 7/31/2025
4302025	6042025	10-Q 4/30/2025
1312025	3252025	10-K 1/31/2025
10312024	12042024	10-Q 10/31/2024
7312024	9052024	10-Q 7/31/2024
4302024	6062024	10-Q 4/30/2024
1312024	3262024	10-K 1/31/2024
10312023	12072023	10-Q 10/31/2023
7312023	9072023	10-Q 7/31/2023
4302023	6072023	10-Q 4/30/2023
1312023	3292023	10-K 1/31/2023
10312022	12122022	10-Q 10/31/2022
7312022	9092022	10-Q 7/31/2022
4302022	6102022	10-Q 4/30/2022
1312022	3312022	10-K 1/31/2022
10312021	12102021	10-Q 10/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Cain Matthew M	Chair, President, and CEO	8202025	Sell	24.35	12,357	300,855	20,766,664	Form
1	Cain Matthew M	Chair, President, and CEO	8042025	Sell	24.26	5,542	134,424	20,988,430	Form
2	Cain Matthew M	Chair, President, and CEO	7172025	Sell	24.30	12,357	300,317	21,164,567	Form
3	Cain Matthew M	Chair, President, and CEO	7022025	Sell	24.37	5,542	135,057	21,523,441	Form
4	Owen Huw	SVP & Chief Revenue Officer	6272025	Sell	24.28	15,873	385,350	9,172,374	Form

Collapse to Preview

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Cain Matthew M	Chair, President, and CEO	8202025	Sell	24.35	12,357	300,855	20,766,664	Form
1	Cain Matthew M	Chair, President, and CEO	8042025	Sell	24.26	5,542	134,424	20,988,430	Form
2	Cain Matthew M	Chair, President, and CEO	7172025	Sell	24.30	12,357	300,317	21,164,567	Form
3	Cain Matthew M	Chair, President, and CEO	7022025	Sell	24.37	5,542	135,057	21,523,441	Form
4	Owen Huw	SVP & Chief Revenue Officer	6272025	Sell	24.28	15,873	385,350	9,172,374	Form
5	Carey William Robert	Interim CFO & CAO	6062025	Sell	19.50	2,300	44,850	1,848,210	Form
6	Carpenter Carol W.		6042025	Sell	17.88	900	16,092	481,651	Form
7	Carpenter Carol W.		5052025	Sell	17.83	900	16,045	323,161	Form
8	Carpenter Carol W.		4032025	Sell	15.76	900	14,184	299,866	Form
9	Owen Huw	SVP & Chief Revenue Officer	4012025	Sell	15.43	15,938	245,847	6,597,343	Form
10	Chow Margaret	SVP & Chief Legal Officer	3242025	Sell	14.00	12,915	180,810	2,872,450	Form
11	Chow Margaret	SVP & Chief Legal Officer	3052025	Sell	17.48	10,082	176,278	3,937,399	Form
12	Carpenter Carol W.		3052025	Sell	17.65	900	15,885	351,712	Form
13	Henry Gregory N	SVP & Chief Financial Officer	2052025	Sell	17.62	9,820	173,044	5,366,746	Form
14	Carpenter Carol W.		2052025	Sell	17.30	900	15,570	360,307	Form
15	Chow Margaret	SVP & Chief Legal Officer	2052025	Sell	17.62	15,254	268,835	2,345,160	Form
16	Owen Huw	SVP & Chief Revenue Officer	1282025	Sell	18.05	14,742	266,137	5,619,014	Form
17	Owen Huw	SVP & Chief Revenue Officer	1082025	Sell	16.02	2,993	47,960	5,223,712	Form
18	Carpenter Carol W.		1062025	Sell	15.50	900	13,948	336,732	Form
19	Henry Gregory N	SVP & Chief Financial Officer	1062025	Sell	15.50	22,304	345,672	4,872,247	Form
20	Owen Huw	SVP & Chief Revenue Officer	1062025	Sell	15.52	12,723	197,410	5,104,547	Form
21	Chow Margaret	SVP & Chief Legal Officer	1062025	Sell	15.52	20,570	319,156	2,301,289	Form
22	Henry Gregory N	SVP & Chief Financial Officer	12262024	Sell	15.14	3,853	58,334	5,097,320	Form
23	Owen Huw	SVP & Chief Revenue Officer	12262024	Sell	15.22	7,575	115,255	5,199,171	Form
24	Carpenter Carol W.		12042024	Sell	20.50	900	18,450	463,854	Form
25	Chow Margaret	SVP & Chief Legal Officer	11212024	Sell	20.00	205	4,100	3,597,596	Form
26	Cain Matthew M	Chair, President, and CEO	11212024	Sell	20.07	38,097	764,584	14,016,228	Form
27	Owen Huw	SVP & Chief Revenue Officer	11212024	Sell	20.02	1,815	36,329	7,400,553	Form
28	Chow Margaret	SVP & Chief Legal Officer	11152024	Sell	20.02	2,087	41,775	3,604,685	Form
29	Cain Matthew M	Chair, President, and CEO	11152024	Sell	20.02	6,984	139,810	14,743,399	Form
30	Owen Huw	SVP & Chief Revenue Officer	11152024	Sell	20.01	2,102	42,069	7,436,064	Form
31	Carpenter Carol W.		11052024	Sell	16.18	900	14,562	380,667	Form
32	Carpenter Carol W.		10032024	Sell	16.00	900	14,400	390,832	Form
33	Henry Gregory N	SVP & Chief Financial Officer	9302024	Sell	15.00	1,100	16,501	5,522,176	Form
34	Owen Huw	SVP & Chief Revenue Officer	9302024	Sell	15.00	1,100	16,501	5,706,087	Form
35	ANDERSON EDWARD T		9232024	Buy	14.16	21,080	298,484	1,216,338	Form
36	Carpenter Carol W.		9052024	Sell	19.28	900	17,352	488,305	Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BASE Return	-	-	-47%	70%	-31%	57%	-100%
Peers Return	25%	1%	-29%	114%	4%	-12%	76%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%
Monthly Win Rates [3]
BASE Win Rate	-	40%	25%	75%	42%	-
Peers Win Rate	37%	37%	15%	38%	48%	44%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
BASE Max Drawdown	-	-	-58%	-3%	-39%	-
Peers Max Drawdown	-13%	-20%	-32%	-2%	-16%	-37%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Couchbase (BASE)

Market Price (9/30/2025): $24.52 | Market Cap: $1.3 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Couchbase (BASE)

Market Price (9/30/2025): $24.52Market Cap: $1.3 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals

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Market Price (9/30/2025): $24.52 | Market Cap: $1.3 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Market Price (9/30/2025): $24.52
Market Cap: $1.3 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals