NASDAQ$BRZE
Braze Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a strong quarter with 55% revenue growth and continued to provide best-in-class omni-channel customer engagement.
Braze's fiscal second quarter 2023 results showed strong revenue growth of 54.5% year-over-year, reaching $86.1 million. The company achieved a dollar-based net retention of 126% for the trailing 12 months. Despite macroeconomic headwinds, Braze remains confident in its business and customer engagement platform.
- Revenue was $86.1 million, up 54.5% year-over-year.
- Subscription revenue was $81.7 million, compared to $51.7 million in the second quarter of the previous fiscal year.
- Dollar-based net retention for all customers was 126% for the trailing 12 months.
- Total customers increased to 1,599 as of July 31, 2022, from 1,119 as of July 31, 2021.
Headline financials
Revenue & EPS history
Braze · Revenue · Quarterly
$86.1M
Revenue by segment
Braze · $86.1M total across 2 segments · Q2 2023
- Subscription$81.7M+58.0%94.9%
- Professional Services$4.4M+10.0%5.1%
Forward guidance
Braze is initiating guidance for the fiscal third quarter ending October 31, 2022 and updating guidance for the fiscal year ending January 31, 2023.
Tailwinds
- Q3 Revenue guidance: $90.0 - 91.0 million
- FY 2023 Revenue guidance: $347.0 - 350.0 million
Headwinds
- Q3 Non-GAAP operating loss guidance: $(23.0) - (24.0) million
- Q3 Non-GAAP net loss guidance: $(21.0) - (22.0) million
- Q3 Non-GAAP net loss per share guidance: $(0.22) - (0.23)
- FY 2023 Non-GAAP operating loss guidance: $(76.0) - (78.0) million
- FY 2023 Non-GAAP net loss guidance: $(74.0) - (76.0) million
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 Q2 2023
+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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