Braze Inc

BRZE

Equity

ISIN null / Valor 114489781

NASDAQ (2025-11-21)

USD 27.41+1.52%

Braze Inc
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About company

Braze Inc., a publicly traded company since November 2021, specializes in customer engagement technology, providing a platform that enables businesses to effectively manage and enhance their interactions with customers across multiple channels. With a presence in over 70 countries, Braze serves more than 2,000 global brands, leveraging its expertise to support companies in nurturing and expanding their customer relationships. The company, originally founded as Appboy in 2011 by Bill Magnuson, Jon Hyman, and Mark Ghermezian, capitalized on the growing importance of mobile technology in business. Braze has been recognized as a leader in cross-channel marketing by industry analysts such as Forrester, Gartner, and IDC. The company's platform is designed to help businesses optimize their customer engagement strategies, thereby driving growth and maintaining customer loyalty.

Summarized from source with an LLMView SourceSector: Technology

Revenue

Revenue: $180.1M in Q2 FY2026 versus $145.5M a year earlier (+23.8% YoY). Subscription revenue was $171.8M; professional services and other revenue was $8.3M.

Profitability — GAAP vs Non‑GAAP

GAAP: operating loss of $38.8M and GAAP net loss per share $0.26 (106.8M shares). Non‑GAAP: operating income of $6.0M and non‑GAAP diluted net income per share $0.15 (109.8M shares).

Margins

GAAP gross margin: 67.7% (down from 70.2% year‑ago). Non‑GAAP gross margin: 69.3% (down from 70.9% year‑ago).

Customer metrics

Total customers: 2,422 (up from 2,163 a year earlier). Customers with ARR ≥ $500K: 282 (up from 222). Dollar‑based net retention (trailing 12 months): 108% overall (114% a year ago); 111% for ≥ $500K ARR (117% a year ago).

Remaining performance obligations (RPO)

RPO as of July 31, 2025: $862.2M total, of which $558.2M is current (less than one year).

Cash flow and liquidity

Net cash provided by operations: $7.0M (versus $11.6M prior year). Free cash flow: $3.5M (versus $7.2M prior year). Cash, restricted cash & marketable securities: $368.3M as of July 31, 2025 (down from $514.0M on Jan 31, 2025).

Stock‑based compensation impact

Stock‑based compensation was a key driver of GAAP losses; the company noted $39.5M of stock‑based compensation expense in the quarter and excludes such items in its non‑GAAP measures.

Guidance

Q3 FY2026 revenue guidance: $183.5M–$184.5M. FY2026 revenue guidance: $717.0M–$720.0M. Non‑GAAP operating income and net income guidance provided; company did not reconcile non‑GAAP guidance to GAAP due to variability in items like stock‑based compensation.

Product and business highlights

Notable customer wins/expansions included DocMorris, Gopuff, Little Caesars, Sweetgreen and Wix. Braze announced the Braze Model Context Protocol (MCP) Server to connect LLMs with Braze data and released its 2025 ESG report.

Summarized from source with an LLMView Source

Key figures

-27.8%1Y

14.7%3Y

%5Y

Performance

54.1%1Y

52.0%3Y

63.6%5Y

Volatility