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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 88 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

1

1. Profitability

1.1 Basic Checks

  • BASE had negative earnings in the past year.
  • BASE had a negative operating cash flow in the past year.
  • In the past 5 years BASE always reported negative net income.
  • BASE had a negative operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of -30.04%, BASE is doing worse than 85.06% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -60.66%, BASE is doing worse than 80.46% of the companies in the same industry.
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 Gross Margin of 87.76%. This is amongst the best in the industry. BASE outperforms 97.70% of its industry peers.
  • BASE's Gross Margin has been stable in the last couple of years.
  • 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

6

2. Health

2.1 Basic Checks

  • BASE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for BASE has been increased compared to 1 year ago.
  • 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

  • BASE has an Altman-Z score of 3.44. This indicates that BASE is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.44, BASE is in line with its industry, outperforming 58.62% of the companies in the same 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.
  • Looking at the Current ratio, with a value of 1.81, BASE is in line with its industry, outperforming 55.17% of the companies in the same industry.
  • BASE has a Quick Ratio of 1.81. This is a normal value and indicates that BASE is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of BASE (1.81) is comparable to the rest of the 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

6

3. Growth

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.
  • BASE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.48% yearly.
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
  • The Revenue is expected to grow by 13.30% on average over the next years. This is quite good.
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

1

4. Valuation

4.1 Price/Earnings Ratio

  • BASE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 274.03 indicates a quite expensive valuation of BASE.
  • BASE's Price/Forward Earnings ratio is in line with the industry average.
  • BASE's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.26.
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.
  • BASE's earnings are expected to grow with 47.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y55.75%
EPS Next 3Y47.83%

0

5. Dividend

5.1 Amount

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