Q1 27 EPS
$0.10
MISS 3.85%
Est. $0.10
Q1 27 Revenue
$211.0M
BEAT +2.82%
Est. $205.2M
vs S&P Since Q1 27
-5.2%
TRAILING MARKET
BRZE -6.5% vs S&P -1.3%
Market Reaction
Did BRZE Beat Earnings? Q1 2027 Results
Braze delivered a mixed fiscal first-quarter 2027 report, posting revenue that cleared expectations while earnings came in just short of the mark. The customer engagement platform generated $211.00 million in revenue, a 30.2% year-over-year increase … Read more Braze delivered a mixed fiscal first-quarter 2027 report, posting revenue that cleared expectations while earnings came in just short of the mark. The customer engagement platform generated $211.00 million in revenue, a 30.2% year-over-year increase that topped the $205.20 million consensus estimate by 2.82%, extending what the company called its fourth consecutive quarter of organic revenue growth acceleration. Non-GAAP EPS of $0.10, however, fell short of the $0.10 consensus by 3.85%, with margin pressure tied in part to a sharp mix shift toward professional services, which more than doubled to $15.80 million and weighed on gross margins. Non-GAAP operating income still expanded meaningfully to $10.47 million from $2.84 million a year ago, and the customer base grew to 2,713 with dollar-based net retention improving to 110%. Bullish analyst sentiment around the stock has circulated recently, and Braze appeared to validate some of that optimism by raising full-year fiscal 2027 revenue guidance to $895.00 to $899.00 million, with non-GAAP EPS of $0.61 to $0.65.
Key Takeaways
- • Fourth straight quarter of organic revenue acceleration with 27% organic YoY growth
- • Strong demand for AI-powered customer engagement platform
- • New customers, upsells, and renewals driving 30.2% reported revenue growth
- • Dollar-based net retention improved to 110% from 109% YoY
- • Total customers grew to 2,713 from 2,342 YoY
- • Customers with ARR of $500K+ increased to 349 from 262 YoY
BRZE Forward Guidance & Outlook
For fiscal Q2 2027 (ending July 31, 2026), Braze expects revenue of $219.5–$220.5 million, non-GAAP operating income of $17.0–$18.0 million, non-GAAP net income of $17.0–$18.0 million, and non-GAAP diluted EPS of $0.15–$0.16 on approximately 114.0 million weighted average diluted shares. For full fiscal year 2027 (ending January 31, 2027), Braze updated guidance to revenue of $895.0–$899.0 million, non-GAAP operating income of $70.0–$74.0 million, non-GAAP net income of $70.0–$74.0 million, and non-GAAP diluted EPS of $0.61–$0.65 on approximately 114.0 million weighted average diluted shares.
BRZE YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
BRZE Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are off to a strong start in fiscal year 2027, delivering the fourth straight quarter of organic revenue acceleration, driven by strong demand for our AI-powered customer engagement platform. The strong market momentum we experienced at the end of fiscal year 2026 carried directly into this quarter.”
— Bill Magnuson, Q1 2027 Earnings Press Release
BRZE Earnings Trends
BRZE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BRZE EPS Trend
Earnings per share: estimate vs actual
BRZE Revenue Trend
Quarterly revenue: estimate vs actual
BRZE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 MISS | $0.10 | $0.10 | -3.85% | $211.0M | +2.82% |
| Q4 26 MISS FY | $0.14 | $0.10 | -27.48% | $205.2M | +3.50% |
| FY Full Year | $0.42 | $0.38 | -9.70% | $738.2M | +0.95% |
| Q3 26 MISS | $0.07 | $0.06 | -8.26% | $190.8M | +3.67% |
| Q2 26 BEAT | $0.03 | $0.15 | +398.34% | $180.1M | +4.94% |
| Q1 26 BEAT | $0.05 | $0.07 | +50.86% | $162.1M | +2.17% |