Braze Inc

Latest Results (17.05.2026):

Braze Inc's fiscal fourth quarter 2026 report shows strong top-line momentum: Q4 revenue grew 27.9% year‑over‑year to $205.2 million (FY2026 revenue $738.2M, +24.4%), while the company delivered improving operating leverage, positive non‑GAAP profitability, and announced a $100 million share repurchase authorization (including a $50 million accelerated buyback).

Revenue Growth (Q4 FY2026)

Revenue in Braze Inc's fiscal Q4 2026 was $205.2 million, up 27.9% YoY, driven by new customers, upsells and renewals; full fiscal year 2026 revenue was $738.2 million, up 24.4% YoY.

Customer and Retention Metrics

Trailing 12‑month dollar‑based net retention was 109% for the period ended January 31, 2026 (110% for customers with ARR ≥ $500K). Total customers rose to 2,609 (from 2,296), with 333 customers having ARR ≥ $500K (up from 247).

Profitability (GAAP vs Non‑GAAP)

GAAP operating loss for Q4 was $28.2 million (driven in part by $37.3M of stock‑based compensation); non‑GAAP operating income for Q4 was $14.5 million. For FY2026, GAAP operating loss was $144.8M while non‑GAAP operating income was $28.5M.

Earnings Per Share

Q4 GAAP net loss per share was $(0.29) (based on ~108.5M shares); Q4 non‑GAAP diluted EPS was $0.10. FY2026 GAAP net loss per share was $(1.22); FY non‑GAAP diluted EPS was $0.38.

Margins

Q4 GAAP gross margin was 65.5% (down from 69.3% a year earlier); Q4 non‑GAAP gross margin was 67.2% (vs 69.9% prior year). Fiscal year GAAP gross margin was 67.1% and non‑GAAP gross margin was 68.7%.

Cash Flow and Balance Sheet

Q4 net cash provided by operating activities was $19.4M and Q4 free cash flow was $13.9M. FY2026 net cash from operations was $71.4M with free cash flow of $58.1M. Total cash, restricted cash and marketable securities were $415.9M as of January 31, 2026 (down from $514.0M a year earlier).

Backlog and Contract Visibility

Remaining performance obligations were $1.0 billion as of January 31, 2026, with $642.1 million classified as current (due within one year).

Capital Return

Braze Inc.'s Board authorized a $100 million share repurchase program and intends to immediately enter an accelerated buyback for approximately $50 million.

Guidance (FY2027 and Q1)

For fiscal 2027, Braze guided revenue to $884.0–889.0 million and non‑GAAP operating income to $69.0–73.0 million (non‑GAAP diluted EPS $0.61–0.65). Q1 FY2027 revenue guidance is $204.5–205.5 million with non‑GAAP operating income $10.0–11.0 million.

Business Momentum & Product

Management cited >50% YoY increase in quarterly bookings in Q4, strong enterprise demand, and rapid adoption of BrazeAI products (Decisioning Studio, Agent Console and Operator) as drivers of commercial momentum and future growth.