BRZE
Braze, Inc.33.94
+0.82+2.48%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
AI adoption affirms growth sustainability
Q&A reinforced the scripted story of accelerating momentum, spotlighting AI as the catalyst for sustainable organic growth reacceleration via roadmap confidence, partner strength, and GTM tweaks under new CRO Ed McDonald. In-quarter DBNR topped 109%, confirming the 'belly of the beast' trough passed. William detailed Operator's >two-thirds customer adoption and Agent Console's rapid uptake, driving accessibility and ROI in existing workflows—hard-to-replace amid failed $10M+ rip-and-replace attempts. Management dismissed margin worries, eyeing 8% FY27 op margins via S&M scale. AI moats shone through proprietary RL and context engineering. Braze exudes confidence; watch DBNR durability and AI upsells.
Key Stats
Market Cap
3.81BP/E (TTM)
-Basic EPS (TTM)
-1.10Dividend Yield
0%Recent Filings
10-K
FY2026 results
Braze grew revenue 24% to $738M in FY2026 ended January 31, powering 8.0B monthly active users, up from 7.2B a year prior. Existing customers drove 66% of gains amid decelerating dollar net retention to 109% from 111%, reflecting tighter renewals in a high-rate environment. Gross margin slipped to 67% on acquisition costs and tech stack investments, while operating loss narrowed to $145M on scaling efficiencies. Free cash flow surged to $58M, bolstering $416M liquidity. Q4 seasonality spiked messaging volumes. Material weakness in ITGCs flagged.
8-K
Braze Q4 revenue surges 28%
8-K
Class B converts to Class A
Braze's Class B shares auto-converted to Class A on January 30, 2026, after dipping below 10% of total shares outstanding, per certificate terms. This slashed super-voting power from 10-to-1, simplifying one-class voting while sparing economic rights. Class B shares retired. Trading continues unchanged under BRZE.
10-Q
Q3 FY2026 results
Braze posted Q3 revenue of $190.8M, up 25.5% y/y from $152.1M, with subscription revenue driving the gains amid 45% international mix. Gross margin slipped to 67.2% from 69.8% y/y, pressured by OfferFit integration costs including acquired workforce and tech amortization; operating loss widened to $37.5M from $32.6M while net loss hit $36.0M versus $27.9M, the gap reflecting $38M stock-based comp. Closed OfferFit acquisition in June 2025 for $303.2M (cash/stock), recognizing $238.5M goodwill and $56.7M developed technology (6-year life). Cash rose to $97.8M with $52.1M YTD operating cash flow; non-GAAP free cash flow not disclosed in the 10-Q. Competition from legacy clouds intensifies pricing pressure.
8-K
Braze Q3 revenue surges 25.5%
IPO
Website
Employees
Sector
Industry