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U Couchbase Couchbase Announces Third Quarter Fiscal 2022 Financial Results December 7 , 2021 SANTA CLARA , Calif . , Dec. 7 , 2021 / PRNewswire / -- Couchbase , Inc. ( NASDAQ : BASE ) , provider of a leading modern database for enterprise applications , today announced financial results for its third quarter ended October 31 , 2021 . Couchbase " Our strong third quarter performance was driven by ongoing large deal momentum , including some significant expansions , as well as acceleration of our cloud business . We also delivered solid top line growth with ARR up 21 % and revenue up 20 % year over year , " said Matt Cain , President and CEO of Couchbase . " We continue to see demand for our modern database as digital transformation remains a priority across industries , and are excited about the market opportunity for Capella which makes it faster and easier to consume Couchbase in the cloud . " Third Quarter Fiscal 2022 Financial Highlights : • Revenue : Total revenue for the quarter was $ 30.8 million , an increase of 20 % year - over - year . Subscription revenue was $ 29.0 million , an increase of 20 % year - over - year . • Annual recurring revenue ( ARR ) : Total ARR for the quarter was $ 122.3 million , an increase of 21 % year - over - year . See the section titled " Key Business Metrics " below for details . • Gross margin : Gross margin for the quarter was 87.9 % , compared to 87.8 % for the third quarter of fiscal 2021. Non - GAAP gross margin for the quarter was 88.3 % , compared to 87.9 % for the third quarter of fiscal 2021. See the section titled " Use of Non - GAAP Financial Measures " and the tables entitled " Reconciliation of GAAP to Non - GAAP Results " below for details . • Loss from operations : Loss from operations for the quarter was $ 15.5 million , compared to $ 9.1 million for the third quarter of fiscal 2021. Non - GAAP operating loss for the quarter was $ 12.1 million , compared to $ 7.9 million for the third quarter of fiscal 2021 . • Cash flow : Cash flows used in operating activities for the quarter were $ 19.7 million , compared to $ 13.1 million in the third quarter of fiscal 2021. Capital expenditures were $ 0.6 million during the quarter , leading to negative free cash flow of $ 20.3 million , compared to negative free cash flow of $ 13.3 million in the third quarter of fiscal 2021 . • Remaining performance obligations ( RPO ) : RPO as of October 31 , 2021 was $ 124.3 million , up 41 % year - over - year . Recent Business Highlights : • Launched Couchbase Capella hosted Database - as - a - Service ( DBaaS ) offering on Amazon Web Services ( AWS ) . Capella delivers database flexibility for developers and performance at scale for enterprise applications . Because Capella is fully managed and automated , customers can focus on development , improving their applications and reducing time to market , instead of worrying about operational database management efforts . • Achieved SOC 2 Type 1 Compliance Certification for Capella , thereby extending its security credentials . • Hosted annual user conference Couchbase ConnectONLINE , consisting of more than 100 sessions that brought together over 5,200 developer , architect , business user and community member registrants to learn more about Couchbase's modern database for enterprise applications . • Announced the winners of the annual Couchbase Community Awards , honoring customers Amadeus , Citigroup , Emirates , Northwestern University , BroadJump , Cvent and Molo 17 and partners AWS , Red Hat , Infosys and Digital Route for accelerating modernization initiatives and enabling innovation for enterprise - critical applications . • Named to Inc. Magazine's Top 250 Best - Led Mid - Market Companies in America list and earned Great Place to Work Certification . Appointed Alvina Antar , Chief Information Officer of Okta , to Couchbase's Board of Directors . ● Financial Outlook : For the fourth quarter of fiscal 2022 , Couchbase expects : • Total revenue between $ 33.9 million and $ 34.1 million • Total ARR between $ 129 million and $ 130 million • Non - GAAP operating loss between $ 10.6 million and $ 10.2 million For the full fiscal year 2022 , Couchbase expects :