NASDAQ$BRZE

Braze Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Braze reported Q1 2026 revenue of $162.1M, a net loss of $35.6M.

For Q1 2026, Braze reported Revenue was $162.1M, net loss was $35.6M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $162.1M for Q1 2026.
  • Net loss $35.6M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$162M

Previous: $135M+19.6%
EPS

-$0.34

Previous: -$0.35+2.9%
Stock Comp. Expense

$30.4M

Previous: $28.3M+7.5%
Non-GAAP Gross Margin

69.3%

Previous: 67.9%+2.1%
GAAP Gross Margin

68.6%

Previous: 67.1%+2.2%
Non-GAAP Operating Margin

1.8%

Previous: -7.4%+124.3%
Remaining Perf. Obligations

$829M

No prior period
Customers $500k+ ARR

262

Previous: 212+23.6%
Capital Expenditures

-$217K

Previous: -$6.92M+96.9%
Free Cash Flow

-$36M

Previous: -$42.6M+15.4%
Net Income

-$35.8M

Previous: -$35.6M-0.4%
Operating Income

-$40.2M

Previous: -$40.1M-0.4%
Gross Profit

$111M

Previous: $90.9M+22.3%

Revenue & EPS history

Braze · Revenue · Quarterly

$162M

Q1 2026+19.6%vs Q1 2025
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Braze · $124M total across 2 segments · Q3 2024

  • Subscription
    $118M+33.0%
  • Professional Services
    $5.6M+36.6%

Forward guidance

Software outlook emphasizes subscription growth, cloud consumption, and operating leverage.

Tailwinds

  • ARR growth and enterprise platform adoption.
  • International expansion and partner ecosystem.

Headwinds

  • IT budget scrutiny and elongated sales cycles.
  • Stock-based compensation and path to sustained profitability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.1%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-4.7%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+22.1%

Q3 2022

Best reaction

-18.8%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-1.3%-9.8%
Q1 2027-4.8%+4.4%
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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