Jun 4, 08:14 PM

Couchbase Q1 Revenue $56.5M with $252.1M ARR; Planet Labs Q1 Revenue $66.3M, 59% Margin, $1.2M EBITDA, $527M Backlog

Couchbase Inc. reported first-quarter revenue of $56.5 million for fiscal 2026, marking a 10% increase year-over-year. Subscription revenue rose 12% to $54.8 million, contributing to a total annual recurring revenue (ARR) of $252.1 million as of April 30, 2025, which represents a 21% year-over-year growth and a 6% sequential increase. The company achieved its highest first-quarter net new ARR in history at $14.2 million, up more than 300% year-over-year. GAAP earnings per share (EPS) stood at a loss of $0.33, with adjusted EPS at a loss of $0.06. Meanwhile, Planet Labs Inc. posted first-quarter revenue of $66.3 million for fiscal 2026, also a 10% year-over-year increase, surpassing analyst estimates of $62.4 million. The company narrowed its full-year 2026 revenue guidance to $265 million to $280 million, compared to the previous range of $260 million to $280 million, with the street consensus at $271 million. Gross margin improved to 59% in Q1 from 52% the previous year, and adjusted EBITDA turned positive at $1.2 million compared to a loss of $8 million year-over-year. Planet Labs achieved its first-ever quarter of positive free cash flow at $8 million and generated $17.3 million in net cash from operating activities. The company reported a net loss of $19.1 million and ended the quarter with $271 million in cash. Its backlog surged 140% year-over-year to $527 million, driven by strong growth in defense and analytics sectors. Remaining performance obligations (RPOs) increased 262% year-over-year. Following the earnings release, Planet Labs' stock rose by 25.1% in pre-market trading.

#Planet Labs

Written with ChatGPT (GPT-4).

Sources

Additional media

Image #1 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce

Image #2 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce

Image #3 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce

Image #4 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce

Image #5 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce

Image #6 for story couchbase-q1-revenue-56-5m-252-1m-arr-planet-labs-q1-revenue-66-3m-59-margin-1-87f307ce