Braze, Inc.
27.95-0.06 (-0.21%)
Oct 28, 4:00:00 PM EDT · NasdaqGS · BRZE · USD
Key Stats
Market Cap
3.12BP/E (TTM)
-Basic EPS (TTM)
-1.04Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Braze posted solid Q2 FY2026 revenue of $180.1M, up 23.8% y/y from $145.5M, with subscription revenue climbing 22.7% y/y to $171.8M amid customer growth to 2,422 and international sales hitting 45% of total. Gross margin dipped to 67.7% from 70.2% y/y, pressured by acquisition costs and tech stack expenses, while operating loss widened to $38.8M from $28.0M y/y due to higher sales and R&D investments. Diluted EPS fell to $(0.26) from $(0.23) y/y, aligning with 106.8M weighted shares. The June 2025 OfferFit acquisition closed for $304.0M (cash/stock mix), adding $239.3M goodwill and $56.7M developed technology (6-year life), bolstering AI capabilities. Liquidity stands strong at $368.3M in cash and marketable securities, with free cash flow of $26.4M for H1 FY2026 (derived). Yet competition from entrenched players like Salesforce and Adobe remains fierce.
8-K
Braze Q2 revenue surges 23.8%
Braze reported Q2 fiscal 2026 revenue of $180.1 million, up 23.8% year-over-year, fueled by new customers and upsells, while achieving non-GAAP operating income of $6.0 million. Customer count rose to 2,422, with remaining performance obligations at $862.2 million signaling robust pipeline. Yet stock-based compensation weighed on GAAP results. Guidance projects full-year revenue of $717.0-$720.0 million amid acquisition integration risks.
8-K
Braze annual meeting results
Braze, Inc. held its Annual Meeting on June 26, 2025, where stockholders elected Phillip Fernandez and Fernando Machado as Class I directors until 2028, with strong support of 171 million votes each. They also approved executive compensation on an advisory basis by a wide margin of 182 million for versus just 2 million against. The selection of Ernst & Young LLP as auditors for the fiscal year ending January 31, 2026, passed overwhelmingly with 205 million votes in favor. Governance remains steady.
10-Q
Q1 FY2026 results
Braze posted solid Q1 FY2026 revenue of $162.1M, up 19.6% y/y from $135.5M, fueled by 19.0% subscription growth split between existing customer expansions and new wins, while international sales jumped 24.0% y/y to $74.2M. Gross profit climbed 22.3% to $111.2M with margins edging up to 68.6% on tech efficiencies, yet operating losses held steady at $40.2M amid a 51.2% surge in G&A to $40.5M from acquisition costs; net loss narrowed slightly to $35.8M or $(0.34) per diluted share on 104.6M shares, consistent with filings. Cash swelled to $231.5M with $24.1M operating cash flow and $22.9M FCF (derived), bolstered by $265.0M deferred revenue, though no debt is noted. In June 2025, Braze closed the OfferFit acquisition for up to $325.0M in cash and stock, recognizing integration synergies for AI enhancements. Competition from entrenched players like Adobe and Salesforce remains a key risk, pressuring pricing and market share.
8-K
Braze Q1 beats, OfferFit acquired
Braze reported Q1 fiscal 2026 revenue of $162.1 million, up 19.6% year-over-year, with non-GAAP operating income of $2.8 million versus a prior loss, fueled by new customers and upsells while net retention dipped to 109%. The company completed its acquisition of AI decisioning firm OfferFit to enhance customer engagement tech and appointed Ed McDonnell as Chief Revenue Officer in July. Bill Magnuson stepped up as CEO after a resignation. Braze guides full-year revenue at $702-706 million. Integration risks loom for OfferFit.
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