What to Expect From Couchbase Q1 Earnings?


RBC Capital analysts provided their outlook on Couchbase, Inc. (NASDAQ:BASE) ahead of the company’s upcoming Q1 earnings, expected to be reported on June 8.
The analysts expect a slight upside to consensus estimates, focusing on net-new ARR, follow-through on renewal and early Capella momentum, and continued signs of accelerating growth through 2023.
The analysts expect a slight upside to ARR relative to the Street estimates at $136.8 million, up 25% year-over-year, despite a seasonally softer quarter that assumes a net-new ARR of $3.9 million, up 124% year-over-year.
The analysts said they would look for follow-through from last quarter’s momentum that included the largest sales deal in company history, a number of sizable renewals and a robust large deal pipeline. Additionally, Capella, which remains early, had its first seven-figure win, should continue to benefit from aggressive investment which has driven strong pipeline activity.
With guidance, the analysts said they would look for an indication that growth can accelerate through the year following incremental investments in the sales force, an expanded partner program that is already driving G2K wins and continued normalization of post-COVID spending from impacted verticals.


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