COUCHBASE INC (BASE) Fundamental Analysis & Valuation

NASDAQ:BASE • US22207T1016

24.51 USD
+0.01 (+0.04%)
At close: Sep 23, 2025
24.52 USD
+0.01 (+0.04%)
After Hours: 9/23/2025, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BASE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Overall BASE gets a fundamental rating of 3 out of 10. We evaluated BASE against 87 industry peers in the IT Services industry. BASE scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, BASE is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. BASE Profitability Analysis

1.1 Basic Checks

  • BASE had negative earnings in the past year.
  • In the past year BASE has reported a negative cash flow from operations.
  • BASE had negative earnings in each of the past 5 years.
  • In the past 5 years BASE always reported negative operating cash flow.
BASE Yearly Net Income VS EBIT VS OCF VS FCFBASE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 -20M -40M -60M -80M

1.2 Ratios

  • BASE has a Return On Assets of -30.04%. This is amonst the worse of the industry: BASE underperforms 85.06% of its industry peers.
  • The Return On Equity of BASE (-60.66%) is worse than 80.46% of its industry peers.
Industry RankSector Rank
ROA -30.04%
ROE -60.66%
ROIC N/A
ROA(3y)-29.36%
ROA(5y)-29.56%
ROE(3y)-55.18%
ROE(5y)-105.11%
ROIC(3y)N/A
ROIC(5y)N/A
BASE Yearly ROA, ROE, ROICBASE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 500 1K 1.5K

1.3 Margins

  • BASE has a better Gross Margin (87.76%) than 97.70% of its industry peers.
  • In the last couple of years the Gross Margin of BASE has remained more or less at the same level.
  • The Profit Margin and Operating Margin are not available for BASE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 87.76%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.55%
BASE Yearly Profit, Operating, Gross MarginsBASE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. BASE Health Analysis

2.1 Basic Checks

  • BASE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BASE has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BASE has more shares outstanding
  • There is no outstanding debt for BASE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BASE Yearly Shares OutstandingBASE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
BASE Yearly Total Debt VS Total AssetsBASE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

2.2 Solvency

  • An Altman-Z score of 3.44 indicates that BASE is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of BASE (3.44) is comparable to the rest of the industry.
  • BASE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 3.44
ROIC/WACCN/A
WACC9.26%
BASE Yearly LT Debt VS Equity VS FCFBASE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M

2.3 Liquidity

  • A Current Ratio of 1.81 indicates that BASE should not have too much problems paying its short term obligations.
  • BASE has a Current ratio of 1.81. This is comparable to the rest of the industry: BASE outperforms 55.17% of its industry peers.
  • A Quick Ratio of 1.81 indicates that BASE should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.81, BASE is in line with its industry, outperforming 57.47% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.81
Quick Ratio 1.81
BASE Yearly Current Assets VS Current LiabilitesBASE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. BASE Growth Analysis

3.1 Past

  • BASE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.67%, which is quite impressive.
  • The Revenue has grown by 10.98% in the past year. This is quite good.
  • The Revenue has been growing by 20.48% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)56.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
Revenue 1Y (TTM)10.98%
Revenue growth 3Y19.26%
Revenue growth 5Y20.48%
Sales Q2Q%11.59%

3.2 Future

  • BASE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.83% yearly.
  • Based on estimates for the next years, BASE will show a quite strong growth in Revenue. The Revenue will grow by 13.30% on average per year.
EPS Next Y35.66%
EPS Next 2Y55.75%
EPS Next 3Y47.83%
EPS Next 5YN/A
Revenue Next Year11.22%
Revenue Next 2Y12.62%
Revenue Next 3Y14.41%
Revenue Next 5Y13.3%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
BASE Yearly Revenue VS EstimatesBASE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 100M 200M 300M 400M 500M
BASE Yearly EPS VS EstimatesBASE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 -0.5 -1 -1.5 -2

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Find the best growth stocksShow best growing peers

1

4. BASE Valuation Analysis

4.1 Price/Earnings Ratio

  • BASE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • BASE is valuated quite expensively with a Price/Forward Earnings ratio of 274.03.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BASE is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of BASE to the average of the S&P500 Index (24.60), we can say BASE is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 274.03
BASE Price Earnings VS Forward Price EarningsBASE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 -100 200

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BASE Per share dataBASE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as BASE's earnings are expected to grow with 47.83% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y55.75%
EPS Next 3Y47.83%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BASE Dividend Analysis

5.1 Amount

  • BASE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

Find the best dividend stocksShow peers with best dividend

BASE Fundamentals: All Metrics, Ratios and Statistics

COUCHBASE INC

NASDAQ:BASE (9/23/2025, 8:00:01 PM)

After market: 24.52 +0.01 (+0.04%)

24.51

+0.01 (+0.04%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)09-03
Earnings (Next)12-01
Inst Owners92.07%
Inst Owner Change-2.9%
Ins Owners0.87%
Ins Owner Change-30.22%
Market Cap1.35B
Revenue(TTM)220.64M
Net Income(TTM)-75.23M
Analysts72
Price Target24.48 (-0.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)47.64%
Min EPS beat(2)25.42%
Max EPS beat(2)69.87%
EPS beat(4)4
Avg EPS beat(4)58.57%
Min EPS beat(4)25.42%
Max EPS beat(4)100%
EPS beat(8)8
Avg EPS beat(8)51.98%
EPS beat(12)12
Avg EPS beat(12)44.91%
EPS beat(16)16
Avg EPS beat(16)38.86%
Revenue beat(2)1
Avg Revenue beat(2)1.35%
Min Revenue beat(2)-0.18%
Max Revenue beat(2)2.87%
Revenue beat(4)2
Avg Revenue beat(4)0.87%
Min Revenue beat(4)-0.33%
Max Revenue beat(4)2.87%
Revenue beat(8)5
Avg Revenue beat(8)1.92%
Revenue beat(12)9
Avg Revenue beat(12)2.33%
Revenue beat(16)12
Avg Revenue beat(16)2.58%
PT rev (1m)3.41%
PT rev (3m)11.3%
EPS NQ rev (1m)1.38%
EPS NQ rev (3m)-4.08%
EPS NY rev (1m)9.76%
EPS NY rev (3m)12.67%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 274.03
P/S 6.14
P/FCF N/A
P/OCF N/A
P/B 10.92
P/tB 10.92
EV/EBITDA N/A
EPS(TTM)-0.13
EYN/A
EPS(NY)0.09
Fwd EY0.36%
FCF(TTM)-0.53
FCFYN/A
OCF(TTM)-0.41
OCFYN/A
SpS3.99
BVpS2.24
TBVpS2.24
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -30.04%
ROE -60.66%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 87.76%
FCFM N/A
ROA(3y)-29.36%
ROA(5y)-29.56%
ROE(3y)-55.18%
ROE(5y)-105.11%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y-0.55%
F-Score4
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 193.25%
Cap/Sales 3.02%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.81
Quick Ratio 1.81
Altman-Z 3.44
F-Score4
WACC9.26%
ROIC/WACCN/A
Cap/Depr(3y)168.33%
Cap/Depr(5y)134.88%
Cap/Sales(3y)2.57%
Cap/Sales(5y)2.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)56.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%66.67%
EPS Next Y35.66%
EPS Next 2Y55.75%
EPS Next 3Y47.83%
EPS Next 5YN/A
Revenue 1Y (TTM)10.98%
Revenue growth 3Y19.26%
Revenue growth 5Y20.48%
Sales Q2Q%11.59%
Revenue Next Year11.22%
Revenue Next 2Y12.62%
Revenue Next 3Y14.41%
Revenue Next 5Y13.3%
EBIT growth 1Y9.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year52.24%
EBIT Next 3Y41.61%
EBIT Next 5YN/A
FCF growth 1Y22.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.16%
OCF growth 3YN/A
OCF growth 5YN/A

COUCHBASE INC / BASE FAQ

What is the fundamental rating for BASE stock?

ChartMill assigns a fundamental rating of 3 / 10 to BASE.


What is the valuation status of COUCHBASE INC (BASE) stock?

ChartMill assigns a valuation rating of 1 / 10 to COUCHBASE INC (BASE). This can be considered as Overvalued.


How profitable is COUCHBASE INC (BASE) stock?

COUCHBASE INC (BASE) has a profitability rating of 1 / 10.