NASDAQ$BRZE
Braze Inc · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
Reported strong revenue growth and operating leverage while maintaining steady investment.
Braze reported strong third-quarter results with revenue reaching $152.1 million, a 22.7% increase year-over-year. The company is on track to meet profitability targets for fiscal year 2025.
- Revenue was $152.1 million, up 22.7% year-over-year.
- Subscription revenue reached $146.3 million.
- Total customers increased to 2,211.
- Dollar-based net retention for customers with ARR of $500,000 or more was 116%.
Headline financials
Revenue & EPS history
Braze · Revenue · Quarterly
$152M
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 fourth quarter ending January 31, 2025 and updating guidance for the fiscal year ending January 31, 2025.
Tailwinds
- Revenue $155.0 - 156.0 million for Q4 2025
- Revenue $588.0 - 589.0 million for FY 2025
- Non-GAAP operating income $2.0 - 3.0 million for Q4 2025
- Non-GAAP operating income $(5.0) - (6.0) million for FY 2025
- Non-GAAP net income per share, diluted $0.05 - 0.06 for Q4 2025
Headwinds
- Weighted average common shares used in computing non-GAAP net income per share, diluted ~107.5 for Q4 2025
- Non-GAAP net income $5.0 - 6.0 million for Q4 2025
- Non-GAAP net income $11.0 - 12.0 million for FY 2025
- Non-GAAP net income per share, diluted $0.10 - 0.11 for FY 2025
- Weighted average common shares used in computing non-GAAP net income per share, diluted ~107.0 for FY 2025
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 Q3 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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