The earnings call highlighted significant revenue growth and customer base expansion, with strong enterprise customer traction and innovative product advancements. However, there were concerns over pressure on dollar-based net retention and negative free cash flow. Despite these challenges, the company's recognition as an industry leader and strategic investments in AI-driven solutions suggest a positive outlook.

Company Guidance

In the third quarter of fiscal year 2025, Braze reported a 23% year-over-year increase in revenue to $152.1 million, with a non-GAAP operating margin improvement of 580 basis points. Braze achieved $600 million in committed annual recurring revenue and maintained positive non-GAAP net income for the second consecutive quarter. They anticipate achieving positive non-GAAP operating income and free cash flow in the fourth quarter. The company added 48 customers, bringing the total to 2,211, and saw a 24% year-over-year increase in customers with over $500,000 in annual recurring revenue, totaling 234. Braze's dollar-based net retention rate was 113%, with large customers at 116%. For the fourth quarter, Braze expects revenue between $155 million and $156 million, indicating a 19% growth at the midpoint, with non-GAAP net income projected to be $5 million to $6 million. For the full fiscal year, they forecast revenue of $588 million to $589 million, reflecting a 25% growth rate, with non-GAAP net income anticipated to be between $11 million and $12 million.

Revenue Growth and Improved Margins

Braze reported $152.1 million in revenue for Q3 2025, marking a 23% year-over-year increase, with improved non-GAAP operating margins by 580 basis points.

Record Committed Annual Recurring Revenue

Braze surpassed $600 million in committed annual recurring revenue, reflecting strong demand for its customer engagement platform.

Customer Base Expansion

The customer count increased by 48 to 2,211, representing a year-over-year growth of 200 customers, including significant new clients like E.ON Financial Services Company and Lush Cosmetics.

Enterprise Customer Growth

The number of enterprise customers with $500,000+ ARR increased to 234, up 24% year-over-year.

Innovation and Product Enhancements

Braze announced new AI-driven product innovations, including Project Catalyst, to enhance personalized customer engagement and productivity.

Recognition as Industry Leader

Braze was named a leader in the Gartner Magic Quadrant for Multichannel Marketing Hubs for the second consecutive year.

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Braze (BRZE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BRZE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 26, 2025	2025 (Q4)	0.05 / -	-0.04	―	―	―
Dec 09, 2024	2025 (Q3)	>-0.01 / 0.02	-0.05	140.00% (+0.07)
Sep 05, 2024	2025 (Q2)	-0.03 / 0.09	-0.04	325.00% (+0.13)
Jun 06, 2024	2025 (Q1)	-0.10 / -0.05	-0.13	61.54% (+0.08)
Mar 27, 2024	2024 (Q4)	-0.05 / -0.04	-0.14	71.43% (+0.10)
Dec 06, 2023	2024 (Q3)	-0.13 / -0.05	-0.15	66.67% (+0.10)
Sep 07, 2023	2024 (Q2)	-0.14 / -0.04	-0.16	75.00% (+0.12)
Jun 08, 2023	2024 (Q1)	-0.18 / -0.13	-0.19	31.58% (+0.06)
Mar 30, 2023	2023 (Q4)	-0.19 / -0.14	-0.18	22.22% (+0.04)
Dec 13, 2022	2023 (Q3)	-0.22 / -0.15	-0.16	6.25% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BRZE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 09, 2024	$41.80	$40.95	-2.03%
Sep 05, 2024	$44.13	$35.57	-19.40%
Jun 06, 2024	$36.78	$36.65	-0.35%
Mar 27, 2024	$50.58	$44.30	-12.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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