Quarterly ResultMay 28, 2026, 06:07 AM
Braze Q1 Revenue +29.1% to $211M; Net Loss Narrows to $26.6M
AI Summary
Braze, Inc. reported strong financial results for the first quarter ended April 30, 2026, with revenue increasing significantly and net loss narrowing compared to the prior year. The company saw robust growth across both subscription and professional services, as well as in its U.S. and international markets. Additionally, Braze generated positive operating cash flow and initiated a common stock repurchase program.
Key Highlights
- Revenue increased 29.1% to $211.0 million for the three months ended April 30, 2026.
- Net loss attributable to Braze, Inc. narrowed by 25.7% to $26.6 million.
- Net loss per share improved to $(0.24) from $(0.34) year-over-year.
- Subscription revenue grew 26.0% to $195.2 million.
- Professional services revenue surged 120.4% to $15.8 million.
- Net cash provided by operating activities rose 16.5% to $28.1 million.
- Braze repurchased $50.0 million of common stock during the quarter.
- Remaining performance obligations increased to $1,079.2 million as of April 30, 2026.
Price Impact
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