| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 190.84 | 6.0% | 25.5% |
| Total Income | 190.84 | 6.0% | 25.5% |
| Expenditure | 228.39 | 4.3% | 23.7% |
| PBT | -34.14 | 1.8% | 25.1% |
| Net Profit | -36.00 | 29.0% | 29.0% |
| OPM | -19.67% | 1.84pp | 1.75pp |
| NPM | -18.86% | 3.37pp | 0.51pp |
| EPS | -0.33 | 26.9% | 22.2% |
Braze Reports Q3 FY26 Revenue Growth of 25.5%
04 May 2026 · 4 May, 6:57 am
Summary
Braze announced strong fiscal third quarter 2026 results, highlighted by a 25.5% increase in revenue to $190.8 million. Subscription revenue also saw substantial growth, reaching $181.6 million. The company demonstrated improved profitability, with non-GAAP operating income of $5.1 million compared to a loss in the prior year. Braze is initiating guidance for the fiscal fourth quarter ending January 31, 2026 and updating guidance for the fiscal year ending January 31, 2026.
Key Highlights
- 1
Braze reported a 25.5% increase in revenue, reaching $190.8 million in the third quarter of fiscal year 2026.
- 2
Subscription revenue for the quarter amounted to $181.6 million, compared to $146.3 million in the third quarter of the previous fiscal year.
- 3
The company's remaining performance obligations totaled $891.4 million as of October 31, 2025.
- 4
Non-GAAP operating income was $5.1 million, a significant improvement from the non-GAAP operating loss of $2.2 million in the third quarter of the prior fiscal year.
- 5
Net cash provided by operating activities was $21.0 million, contrasting with the net cash used in operating activities of $11.4 million in the same quarter of the previous year.
- 6
Free cash flow reached $17.8 million, a substantial increase compared to $(14.2) million in the third quarter of the previous fiscal year.
- 7
Total customer count increased to 2,528 as of October 31, 2025, up from 2,211 as of October 31, 2024.
Management Comments
Bill Magnuson
“This was another standout quarter for Braze, with 25.5% revenue growth and strong profitability, proving the strength of our model,” said Bill Magnuson, Cofounder and CEO of Braze. “We introduced a wave of innovation across BrazeAI™, including BrazeAI Operator™, BrazeAI Agent Console™ and BrazeAI Decisioning Studio™, fundamentally rewriting the rules of customer engagement. The new BrazeAI™ is a force multiplier for both marketers and consumers, delivering smarter, more adaptive, and increasingly autonomous capabilities. Marketers now have the flexibility to orchestrate personalized, high-impact experiences through composable intelligence, and as consumers we are surprised and delighted with experiences that feel thoughtful, connected and tailored just for us.”
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