Couchbase, Inc. ( (BASE) ) has released its Q2 earnings. Here is a breakdown of the information Couchbase, Inc. presented to its investors.
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Couchbase, Inc. is a developer data platform company that specializes in providing solutions for critical applications in the AI sector, offering a seamless integration of transactional, analytical, mobile, and AI workloads. In its second quarter fiscal 2026 financial results, Couchbase reported a total revenue of $57.6 million, marking a 12% increase year-over-year, with subscription revenue contributing $55.4 million. The company also saw a significant rise in its annual recurring revenue, reaching $260.5 million, a 22% increase from the previous year.
Key financial metrics for the quarter include a gross margin of 87.2% and a non-GAAP gross margin of 88.2%. Despite a loss from operations amounting to $25.4 million, the non-GAAP operating loss was reduced to $2.6 million. Couchbase’s cash flow from operating activities improved slightly, with a reduction in cash used to $3.5 million compared to the previous year. The company’s remaining performance obligations increased by 25% to $270.7 million, and the net retention rate returned to over 115%.
Strategically, Couchbase introduced Enterprise Analytics for self-managed customers, expanded partnerships with AWS and Google, and announced a new partnership with K2view to enhance AI application development. The company also launched the Couchbase Connector for Confluent Cloud, simplifying data movement between platforms. These initiatives aim to strengthen Couchbase’s position in the AI and data management markets.
Looking ahead, Couchbase is focused on completing its acquisition by Haveli Investments, which was announced earlier. The company remains committed to enhancing its platform capabilities and expanding its market presence, aiming to drive further growth and innovation in the AI sector.