NASDAQ$BRZE

Braze Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Braze reported Q2 2026, revenue of $180.1M, net loss of $27.8M, diluted EPS of $-0.26.

For Q2 2026, Braze reported revenue of $180.1M, a net loss of $27.8M, diluted EPS was $-0.26. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $180.1M.
  • Net loss $27.8M.
  • Diluted EPS $-0.26.

Headline financials

Total Revenue

$180M

Previous: $145M+23.8%
EPS (adj)

-$0.26

Previous: -$0.23-13.0%
Stock Comp. Expense

$39.5M

Previous: $29.8M+32.6%
Non-GAAP Gross Margin

69.3%

Previous: 70.9%-2.3%
GAAP Gross Margin

67.7%

Previous: 70.2%-3.6%
Non-GAAP Operating Margin

3.4%

Previous: 2.9%+17.2%
Remaining Perf. Obligations

$862M

No prior period
Customers $500k+ ARR

282

Previous: 222+27.0%
Capital Expenditures

-$2.83M

Previous: -$10.2M+72.4%
Free Cash Flow

-$30.7M

Previous: -$33.2M+7.5%
Net Income

-$27.9M

Previous: -$23M-21.3%
Operating Income

-$38.8M

Previous: -$28M-38.7%
Gross Profit

$122M

Previous: $102M+19.4%

Revenue & EPS history

Braze · Revenue · Quarterly

$180M

Q2 2026+23.8%vs Q2 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

The release discusses Braze's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • ARR growth and enterprise adoption support the long-term model.
  • Braze cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q2 2026.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Stock-based compensation and growth investments weigh on GAAP earnings.

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 2026

Historical avgQ2 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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