Companies /Technology

Braze Inc - Class A

NASDAQ: BRZE Software - Application
$32.94
▲ $0.16 (+0.49%) today
Markets closed · 11:14pm ET

Q2 2026 Earnings

Reported Sep 4, 2025, 4:10pm ET · SEC source
$0.15
Beat +398.34%
EPS · est. $0.03
$180.1M
Beat +4.94%
Revenue · est. $171.6M
−15.5%
Trailing market
BRZE vs S&P since report
3 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−16%−8%0+8%Sep 4Sep 5report 4:10pm ETearnings−0.5%−0.4%
−16%−8%0+8%Sep 4Sep 5earnings−0.5%−0.4%
BRZE −0.4%S&P 500 −0.5%
−16%−8%0+8%Sep 4Sep 5report 4:10pm ETearnings−0.1%−0.4%
−16%−8%0+8%Sep 4Sep 5earnings−0.1%−0.4%
BRZE −0.4%NASDAQ −0.1%
−16%−8%0+8%Sep 3Sep 12report 4:10pm ETearnings+1.3%−5.4%
−16%−8%0+8%Sep 3Sep 12earnings+1.3%−5.4%
BRZE −5.4%S&P 500 +1.3%
−16%−8%0+8%Sep 3Sep 12report 4:10pm ETearnings+1.9%−5.4%
−16%−8%0+8%Sep 3Sep 12earnings+1.9%−5.4%
BRZE −5.4%NASDAQ +1.9%
+13.59%
Day of report
+2.80%
Next session
−4.07%
One week
−12.13%
30 days

S&P 500 over the same 30 days: +3.38%.

Did BRZE Beat Earnings? Q2 2026 Results

Braze delivered a standout fiscal second quarter for 2026, posting results that left Wall Street estimates well behind as the customer engagement platform reported earnings per share of $0.15 against a consensus of $0.03, a beat of 398.34%, while revenue of $180.11 million topped forecasts by 4.94% and grew 23.8% year over year. The headline growth was powered by new customer additions, upsells, and renewals, with total customers expanding to 2,422 from 2,163 a year ago and high-value accounts with ARR of at least $500,000 rising to 282 from 222, underscoring broadening enterprise traction. Subscription revenue climbed to $171.80 million from $140.00 million, forming the durable core of that top-line momentum. Non-GAAP operating income widened to $6.04 million as the company demonstrated improving operating leverage, even as GAAP net losses persisted amid $39.55 million in stock-based compensation. Looking ahead, Braze guided fiscal Q3 revenue of $183.50 to $184.50 million and raised its full-year FY2026 revenue outlook to $717.00 to $720.00 million, with non-GAAP EPS of $0.41 to $0.42.

Key Takeaways
  • 23.8% year-over-year revenue growth driven by new customers, upsells, and renewals
  • Total customers increased to 2,422 from 2,163 year-over-year
  • Customers with ARR of $500,000 or more grew to 282 from 222 year-over-year
  • Non-GAAP operating income expanded to $6.0 million from $4.2 million year-over-year
  • Non-GAAP operating margin improved to 3.4% from 2.9%

“We reported a strong second quarter, delivering 24% year-over-year revenue growth while driving continued efficiency in our business, expanding our non-GAAP operating income and net income profitability, and generating strong free cash flow. Our results also demonstrate our solid execution and continued demand for our AI-powered customer engagement platform.”

Braze CEO, on the earnings call

Forward Guidance & Outlook

For fiscal Q3 2026 (ending October 31, 2025), Braze guided revenue of $183.5–$184.5 million, non-GAAP operating income of $3.5–$4.5 million, non-GAAP net income of $6.5–$7.5 million, and non-GAAP diluted EPS of $0.06–$0.07 on approximately 113.5 million diluted shares. For the full fiscal year 2026 (ending January 31, 2026), guidance was updated to revenue of $717.0–$720.0 million, non-GAAP operating income of $24.5–$25.5 million, non-GAAP net income of $45.5–$46.5 million, and non-GAAP diluted EPS of $0.41–$0.42 on approximately 112.0 million diluted shares.

BRZE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$-70,000,000$0$70.0M$140.0M$145.5M$180.1MRevenue$102.1M$121.9MGross Profit$-63,167,074$-38,753,000Operating Income$-35,454,314$-27,899,000Net Income
$-70,000,000$0$70.0M$140.0MRevenueGross ProfitOperating IncomeNet Income

BRZE Revenue by Segment

Subscription Revenue$171.8M
Professional Services and Other$8.3M

Figures from SEC filings and company reports. Not investment advice.