Q1 26 EPS
$0.07
BEAT +50.86%
Est. $0.05
Q1 26 Revenue
$162.1M
BEAT +2.17%
Est. $158.6M
vs S&P Since Q1 26
-52.2%
TRAILING MARKET
BRZE -27.8% vs S&P +24.3%
Market Reaction
Did BRZE Beat Earnings? Q1 2026 Results
Braze posted a decisive beat across the board in fiscal Q1 2026, reporting revenue of $162.06 million, up 19.6% year-over-year and ahead of the $158.62 million consensus, while non-GAAP EPS of $0.07 cleared the $0.05 estimate by 50.86%, marking the c… Read more Braze posted a decisive beat across the board in fiscal Q1 2026, reporting revenue of $162.06 million, up 19.6% year-over-year and ahead of the $158.62 million consensus, while non-GAAP EPS of $0.07 cleared the $0.05 estimate by 50.86%, marking the company's first quarter of non-GAAP operating profitability. The milestone reflected a swing to $2.84 million in non-GAAP operating income from a $9.98 million loss a year earlier, a meaningful inflection driven by new customer wins, upsells, and renewals that pushed the total customer count to 2,342. The quarter also included the completed acquisition of OfferFit, an AI decisioning engine that Braze is positioning as a platform differentiator, though related expenses contributed to a GAAP operating loss of $40.22 million. Free cash flow nearly doubled to $22.87 million, adding financial credibility to the growth story. Looking ahead, Braze guided Q2 revenue of $171.00 to $172.00 million and raised full-year fiscal 2026 revenue guidance to $702.00 to $706.00 million, with non-GAAP EPS of $0.15 to $0.18.
Key Takeaways
- • 19.6% year-over-year revenue growth driven by new customers, upsells, and renewals
- • Total customer count grew to 2,342 from 2,102 year-over-year
- • Customers with ARR of $500,000 or more grew to 262 from 212 year-over-year
- • Non-GAAP gross margin improved to 69.3% from 67.9% year-over-year
- • Achieved first non-GAAP operating profitability with $2.8 million non-GAAP operating income
- • Free cash flow nearly doubled to $22.9 million from $11.4 million year-over-year
BRZE YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BRZE Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are off to a good start in fiscal year 2026, delivering strong revenue growth, profitability, and free cash flow in an ever-changing environment.”
— Bill Magnuson, Q1 2026 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% |