Strong Revenue Growth
Braze reported a 22% year-over-year increase in revenue for the fourth quarter, reaching $160.4 million, with subscription revenue contributing 96%.
Non-GAAP Profitability Achieved
The company achieved a non-GAAP operating income of $8 million, marking a non-GAAP operating margin of 5.0%, up from negative 5.7% in the previous year.
Increase in Large Customers
Customers with $500,000+ ARR increased by 22% year-over-year to 247, indicating strong enterprise demand for Braze's services.
Record Net New Customers
Braze added 85 net new customers in Q4, bringing the total to 2,296, an increase of 252 year-over-year.
OfferFit Acquisition
Braze announced a $325 million cash and stock deal to acquire OfferFit, enhancing AI-driven customer engagement capabilities.
Positive Cash Flow
The company generated $15 million of free cash flow for the quarter, compared to negative free cash flow in the prior year.