BASE — Stock Film
STOCK FILMSCENE 1/11BASE · $24.51
Stock Expert AI presents
BASE
Couchbase, Inc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Couchbase, Inc. A quick introduction.

On the stock market since 2021, it operates in the world of technology. It has 792 employees. Now — the numbers.

on the stock market since 2021
792 employees
$1.4B market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.4.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

WHERE DOES THE MONEY COME FROM?
96%Subscription and Circulation
Subscription and Circulation 96%Services 4%
96% of all revenue comes from a single line: Subscription and Circulation.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

THE SALES TREND
Sales are growing, year after year.

Average growth of 19% a year over the last 4 years. Red columns mark years that ended in a loss.

$103.3M
2021
$123.5M
2022
$154.8M
2023
$180M
2024
$209.5M
2025
In the vault right now:
$0
DEBT: $4.3M
At this pace, that money lasts about 2 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE COUNCIL REVIEW
9

angles, checked one by one.

The 2 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Costs eat into the margin4/10
WORTH WATCHING

Cost Efficiency: As sales grow, profit fails to keep the same pace.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 52% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 19% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $209.5M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $147.2M in the vault; even if every debt were paid off, $142.9M would remain.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $74.7M against $209.5M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts about 2 years. After that, the company needs to find new money.

FINALE · THE GRADE
C
0 / 100 · MoonshotScore

On our five-subject report card, BASE sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.

The takeaway: BASE is a high-risk stock — not yet profitable, and its future rides on its product catching on.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Aug 21, 2026 · stockexpertai.com · Stock Film