Braze Inc - Class A
Q4 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +8.88%.
Did BRZE Beat Earnings? Q4 2026 Results
Braze closed out fiscal Q4 2026 with a decisive revenue beat, posting $205.17 million in quarterly revenue, up 27.9% year-over-year and ahead of the $198.23 million consensus estimate by 3.50%, while delivering non-GAAP EPS of $0.10. The headline driver was a surge in enterprise momentum, with customers generating at least $500,000 in ARR growing 34.8% to 333, and quarterly bookings climbing over 50% year-over-year, propelling remaining performance obligations past the $1.00 billion threshold. Profitability inflected meaningfully as well, with non-GAAP operating income expanding to $14.51 million at a 7.1% margin, more than doubling from $7.95 million a year prior. Adding further confidence to the growth narrative, the board authorized a $100.00 million share repurchase program, including an imminent $50.00 million accelerated buyback, signaling management's conviction in cash generation durability. Looking ahead, Braze guided full fiscal year 2027 revenue of $884.00 million to $889.00 million alongside non-GAAP operating income of $69.00 million to $73.00 million, implying continued operating leverage as the platform scales.
- 27.9% year-over-year revenue growth in Q4 driven by new customers, upsells, and renewals
- Over 50% year-over-year increase in quarterly bookings
- Significant strength in the enterprise segment
- Accelerating organic revenue growth for the third consecutive quarter
- Strong operating leverage with non-GAAP operating margin of 7.1% in Q4 vs 5.0% a year ago
“We finished the fiscal year with an exceptional Q4, accelerating year-over-year organic revenue growth for the third straight quarter while continuing to drive strong operating leverage across our global business. In addition, we achieved an over 50% year-over-year increase in quarterly bookings, driven by significant strength in our enterprise segment and underscoring a fundamental market shift: the world's largest and most sophisticated brands are choosing Braze as a foundational partner to drive their AI transformation during this period of intense disruption and opportunity.”
Braze CEO, on the earnings call
Forward Guidance & Outlook
For fiscal Q1 2027 (ending April 30, 2026), Braze guided revenue of $204.5–$205.5 million, non-GAAP operating income of $10.0–$11.0 million, non-GAAP net income of $11.0–$12.0 million, and non-GAAP diluted EPS of $0.10–$0.11 on approximately 112.0 million weighted average diluted shares. For full fiscal year 2027 (ending January 31, 2027), the company guided revenue of $884.0–$889.0 million, non-GAAP operating income of $69.0–$73.0 million, non-GAAP net income of $69.0–$73.0 million, and non-GAAP diluted EPS of $0.61–$0.65 on approximately 113.0 million weighted average diluted shares.
BRZE YoY Financials
BRZE Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.