| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 180.11 | 11.1% | 23.8% |
| Total Income | 180.11 | 11.1% | 23.8% |
| Expenditure | 218.86 | 8.2% | 26.2% |
| PBT | -34.77 | 0.6% | 54.9% |
| Net Profit | -27.90 | 22.1% | 21.3% |
| OPM | -21.52% | 3.30pp | 2.31pp |
| NPM | -15.49% | 6.59pp | 0.32pp |
| EPS | -0.26 | 23.5% | 13.0% |
Braze Reports Q2 FY2026 Revenue Up 23.8% Y-o-Y
04 May 2026 · 4 May, 9:08 am
Summary
Braze reported a strong second quarter with revenue of $180.1 million, representing a 23.8% year-over-year increase. Subscription revenue contributed $171.8 million to the total. The company's non-GAAP operating income improved to $6.0 million. Braze is initiating guidance for the fiscal third quarter ending October 31, 2025, and updating guidance for the fiscal year ending January 31, 2026.
Key Highlights
- 1
Revenue was $180.1 million, an increase of 23.8% year-over-year compared to $145.5 million in the second quarter of the fiscal year ended January 31, 2025.
- 2
Subscription revenue reached $171.8 million, up from $140.0 million in the second quarter of the fiscal year ended January 31, 2025.
- 3
Non-GAAP operating income was $6.0 million, compared to $4.2 million in the second quarter of the fiscal year ended January 31, 2025.
- 4
Non-GAAP net income per share attributable to Braze common stockholders, diluted, was $0.15, compared to $0.09 in the second quarter of the fiscal year ended January 31, 2025.
- 5
Remaining performance obligations as of July 31, 2025, totaled $862.2 million, with $558.2 million considered current.
- 6
Total customers increased to 2,422 as of July 31, 2025, from 2,163 as of July 31, 2024.
- 7
Dollar-based net retention for all customers was 108% for the trailing 12 months ended July 31, 2025.
Management Comments
Bill Magnuson
“We reported a strong second quarter, delivering 24% year-over-year revenue growth while driving continued efficiency in our business, expanding our non-GAAP operating income and net income profitability, and generating strong free cash flow. Our results also demonstrate our solid execution and continued demand for our AI-powered customer engagement platform. “Looking ahead, Braze is focused on AI solutions that will empower brands to transform the customer engagement experience for marketers and end users alike, driving high ROI for our customers and Braze.”
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