NASDAQ$BRZE
Braze Inc · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Delivered strong top-line growth and achieved non-GAAP profitability.
Braze reported a strong second quarter with revenue of $145.5 million, up 26.4% year-over-year. The company achieved its first quarter of non-GAAP operating income and net income profitability.
- Revenue increased by 26.4% year-over-year to $145.5 million.
- GAAP gross margin was 70.2%, while non-GAAP gross margin was 70.9%.
- Non-GAAP operating income reached $4.2 million, compared to a loss of $7.6 million in the prior year.
- Free cash flow was $7.2 million, an improvement from $(18.7) million in the prior year.
Headline financials
Revenue & EPS history
Braze · Revenue · Quarterly
$145M
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 third quarter ending October 31, 2024, and updating guidance for the fiscal year ending January 31, 2025.
Tailwinds
- Revenue Q3 2025 Guidance: $147.5 - 148.5 million
- Revenue FY 2025 Guidance: $582.5 - 585.5 million
- Non-GAAP net income (loss) FY 2025 Guidance: $6.5 - 7.5 million
- Non-GAAP net income (loss) per share, diluted FY 2025 Guidance: $0.06 - 0.07
- Weighted average common shares used in computing non-GAAP net loss per share ~108.0
Headwinds
- Non-GAAP operating loss Q3 2025 Guidance: $(3.5) - (4.5) million
- Non-GAAP operating loss FY 2025 Guidance: $(7.5) - (8.5) million
- Non-GAAP net income (loss) Q3 2025 Guidance: $(0.5) - (1.5) million
- Non-GAAP net income (loss) per share, diluted Q3 2025 Guidance: $0.00 - (0.01)
- Weighted average common shares used in computing non-GAAP net loss per share ~102.0
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 Q2 2025
+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
| Quarter | Report date | Reaction (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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