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COUCHBASE INC (BASE) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BASE - US22207T1016 - Common Stock

24.51 USD
+0.01 (+0.04%)
Last: 9/23/2025, 8:00:01 PM
24.52 USD
+0.01 (+0.04%)
After Hours: 9/23/2025, 8:00:01 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BASE. BASE was compared to 85 industry peers in the IT Services industry. While BASE seems to be doing ok healthwise, there are quite some concerns on its profitability. BASE is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BASE has reported negative net income.
BASE had a negative operating cash flow in the past year.
In the past 5 years BASE always reported negative net income.
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 worse Return On Assets (-30.04%) than 85.06% of its industry peers.
BASE's Return On Equity of -60.66% is on the low side compared to the rest of the industry. BASE is outperformed by 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

The Gross Margin of BASE (87.76%) is better 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.
BASE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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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6

2. Health

2.1 Basic Checks

BASE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BASE has more shares outstanding
BASE has more shares outstanding than it did 5 years ago.
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.
BASE has a Altman-Z score of 3.44. This is comparable to the rest of the industry: BASE outperforms 58.62% of its industry peers.
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.
With a Current ratio value of 1.81, BASE perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
A Quick Ratio of 1.81 indicates that BASE should not have too much problems paying its short term obligations.
BASE has a Quick ratio (1.81) which is in line with its industry peers.
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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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 56.67% over the past year.
BASE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.98%.
Measured over the past years, BASE shows a very strong growth in Revenue. The Revenue has been growing by 20.48% on average per year.
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

The Earnings Per Share is expected to grow by 47.83% on average over the next years. This is a very strong growth
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

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BASE. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 274.03, which means the current valuation is very expensive for BASE.
The rest of the industry has a similar Price/Forward Earnings ratio as BASE.
BASE is valuated expensively when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
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 BASE does not grow enough to justify the current Price/Earnings ratio.
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%

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0

5. Dividend

5.1 Amount

No dividends for BASE!.
Industry RankSector Rank
Dividend Yield N/A

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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 2025-09-03/amc
Earnings (Next)12-01 2025-12-01/amc
Inst Owners92.07%
Inst Owner Change-90.35%
Ins Owners0.87%
Ins Owner Change-33.78%
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.


Can you provide the valuation status for COUCHBASE INC?

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.


How financially healthy is COUCHBASE INC?

The financial health rating of COUCHBASE INC (BASE) is 6 / 10.