On December 3, 2024, Couchbase announced financial results for its third quarter ended October 31, 2024. The company reported total revenue of $51.628 million, an increase of 12.7% year-over-year from $45.813 million in Q3 FY24.
The net loss for the quarter was $18.152 million, or $(0.35) per share, compared to a net loss of $16.255 million, or $(0.34) per share, in the prior year's quarter. Annual Recurring Revenue (ARR) grew 16% year-over-year on a constant currency basis to $220 million.
Despite exceeding top- and bottom-line results for the quarter, Couchbase provided a Q4 FY25 revenue outlook of $52.7 million to $53.5 million, which was below analyst estimates. This guidance indicated a potential slowdown in revenue growth for the upcoming quarter.
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