NASDAQ$BRZE
Braze Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Braze's Q1 2025 financial results showcased strong performance in a challenging macroeconomic environment, driven by long-term investments and consistent execution.
Braze reported a solid start to fiscal year 2025 with strong first-quarter results. Revenue reached $135.5 million, a 33.1% increase year-over-year. The company is focused on product differentiation, sales and marketing efficiency, and global expansion.
- Revenue was $135.5 million, up 33.1% year-over-year.
- Subscription revenue reached $130.1 million, while professional services and other revenue was $5.4 million.
- GAAP operating loss was $40.1 million, which included $28.3 million in stock-based compensation expense.
- Non-GAAP operating loss was $10.0 million, improved from a loss of $16.0 million in the same quarter last year.
Headline financials
Revenue & EPS history
Braze · Revenue · Quarterly
$135M
Revenue by segment
Braze · $124M total across 2 segments · Q3 2024
- Subscription$118M+33.0%95.5%
- Professional Services$5.6M+36.6%4.5%
Forward guidance
Braze is initiating guidance for the fiscal second quarter ending July 31, 2024, and updating guidance for the fiscal year ending January 31, 2025.
Tailwinds
- Revenue for Q2 2025 is expected to be between $140.5 million and $141.5 million.
- Revenue for FY 2025 is projected to be between $577.0 million and $581.0 million.
- Non-GAAP operating loss for Q2 2025 is expected to be between $(6.5) million and $(7.5) million.
- Non-GAAP operating loss for FY 2025 is projected to be between $(19.5) million and $(23.5) million.
- Non-GAAP net loss per share for FY 2025 is expected to be between $(0.06) and $(0.10).
Headwinds
- Non-GAAP net loss for Q2 2025 is expected to be between $(3.0) million and $(4.0) million.
- Non-GAAP net loss for FY 2025 is projected to be between $(6.0) million and $(10.0) million.
- Non-GAAP net loss per share for Q2 2025 is expected to be between $(0.03) and $(0.04).
- Guidance includes the negative impact of the $0.8M revenue reserve allocated for the service outage in April 2024.
- Braze has not reconciled its guidance as to non-GAAP operating loss, non-GAAP net loss or non-GAAP net loss per share to their most directly comparable GAAP measure as a result of uncertainty regarding reconciling items such as stock-based compensation expense.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+1.3%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-4.5%
Avg return
30 days after
52%
12 / 23 earnings
Positive
+22.1%
Q3 2022
Best reaction
-18.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | -1.3% | +1.2% | -0.2% | |
| Q3 2026 | +17.7% | +8.1% | -1.9% | |
| Q2 2026 | +13.5% | +8.7% | +2.7% | |
| Q1 2026 | -17.7% | -21.2% | -20.3% | |
| Q4 2025 | +2.2% | -1.1% | -14.9% | |
| Q3 2025 | -1.2% | +0.4% | +6.5% | |
| Q2 2025 | -17.6% | -20.6% | -28.0% | |
| Q1 2025 | +1.7% | +0.5% | +8.3% | |
| Q4 2024 | -10.4% | -13.3% | -15.6% | |
| Q3 2024 | -4.6% | -5.5% | -16.4% | |
| Q2 2024 | +3.0% | -0.9% | -0.5% | |
| Q1 2024 | +16.0% | +22.2% | +22.7% | |
| Q4 2023 | +9.6% | +12.7% | -6.8% | |
| Q3 2023 | +0.2% | -2.7% | +2.3% | |
| Q2 2022 | -16.7% | -19.3% | -32.3% | |
| Q2 2023 | -18.8% | -18.8% | -28.6% | |
| Q1 2022 | +14.5% | +12.9% | +43.5% | |
| Q1 2023 | -2.1% | +1.4% | +29.8% | |
| Q4 2020 | -7.1% | -13.0% | -7.8% | |
| Q4 2022 | -11.8% | -13.9% | -14.5% | |
| Q4 2021 | +16.9% | +19.9% | -14.2% | |
| Q3 2021 | +22.1% | +24.1% | -8.4% | |
| Q3 2022 | +22.1% | +24.1% | -8.4% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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