| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 211.00 | 30.2% |
| Total Income | 211.00 | 30.2% |
| Expenditure | 238.51 | 17.9% |
| PBT | -24.06 | 30.4% |
| Net Profit | -26.59 | 25.7% |
| OPM | -13.04% | 11.78pp |
| NPM | -12.60% | 9.48pp |
| EPS | -0.24 | 29.4% |
Braze Reports Q1 FY2027 Revenue Growth of 30% YoY
28 May 2026 · 28 May, 1:43 am
Summary
Braze, Inc. announced its fiscal first quarter 2027 results, reporting a 30.2% increase in revenue to $211.0 million. Subscription revenue grew to $195.2 million, and the dollar-based net retention rate was 110%. The company's non-GAAP operating income rose to $10.5 million. Braze is initiating guidance for the fiscal second quarter ending July 31, 2026, and updating guidance for the fiscal year ending January 31, 2027.
Key Highlights
- 1
Braze's revenue reached $211.0 million, a 30.2% increase compared to $162.1 million in the first quarter of fiscal year 2026.
- 2
Subscription revenue for the quarter amounted to $195.2 million, up from $154.9 million in the first quarter of the fiscal year ended January 31, 2026.
- 3
The company's remaining performance obligations totaled $1,079.2 million as of April 30, 2026.
- 4
GAAP gross margin was 65.7%, while non-GAAP gross margin was 67.4% for the first quarter.
- 5
Dollar-based net retention for all customers was 110% for the trailing 12 months ended April 30, 2026.
- 6
Total customers increased to 2,713 as of April 30, 2026, compared to 2,342 as of April 30, 2025.
- 7
Non-GAAP operating income was $10.5 million, compared to $2.8 million in the first quarter of the fiscal year ended January 31, 2026.
Management Comments
Bill Magnuson
“We are off to a strong start in fiscal year 2027, delivering the fourth straight quarter of organic revenue acceleration, driven by strong demand for our AI-powered customer engagement platform. The strong market momentum we experienced at the end of fiscal year 2026 carried directly into this quarter. Our AI solutions, including BrazeAI Operator™, BrazeAI Agent Console™, and BrazeAI Decisioning Studio™ are already delivering measurable results for customers. The world's leading brands are increasingly looking to transform their businesses through our platform as they deepen their direct-to-consumer relationships and build their futures on Braze. The strength of our results validates our product leadership, go-to-market approach, and financial strategy, positioning Braze to become the global standard for customer engagement.”
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