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Braze
🇺🇸 NASDAQ:BRZE
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Apr 30, 2024

Braze Q1 2025 Earnings Report

Braze's Q1 2025 financial results showcased strong performance in a challenging macroeconomic environment, driven by long-term investments and consistent execution.

Key Takeaways

Braze reported a solid start to fiscal year 2025 with strong first-quarter results. Revenue reached $135.5 million, a 33.1% increase year-over-year. The company is focused on product differentiation, sales and marketing efficiency, and global expansion.

Revenue was $135.5 million, up 33.1% year-over-year.

Subscription revenue reached $130.1 million, while professional services and other revenue was $5.4 million.

GAAP operating loss was $40.1 million, which included $28.3 million in stock-based compensation expense.

Non-GAAP operating loss was $10.0 million, improved from a loss of $16.0 million in the same quarter last year.

Total Revenue
$135M
Previous year: $102M
+33.1%
EPS
-$0.05
Previous year: -$0.13
-61.5%
Gross Profit
$90.9M
Previous year: $69.1M
+31.6%
Cash and Equivalents
$74.8M
Previous year: $117M
-36.0%
Free Cash Flow
$11.4M
Previous year: $21.7M
-47.2%
Total Assets
$816M
Previous year: $721M
+13.1%

Braze

Braze

Braze Revenue by Segment

Forward Guidance

Braze is initiating guidance for the fiscal second quarter ending July 31, 2024, and updating guidance for the fiscal year ending January 31, 2025.

Positive Outlook

  • Revenue for Q2 2025 is expected to be between $140.5 million and $141.5 million.
  • Revenue for FY 2025 is projected to be between $577.0 million and $581.0 million.
  • Non-GAAP operating loss for Q2 2025 is expected to be between $(6.5) million and $(7.5) million.
  • Non-GAAP operating loss for FY 2025 is projected to be between $(19.5) million and $(23.5) million.
  • Non-GAAP net loss per share for FY 2025 is expected to be between $(0.06) and $(0.10).

Challenges Ahead

  • Non-GAAP net loss for Q2 2025 is expected to be between $(3.0) million and $(4.0) million.
  • Non-GAAP net loss for FY 2025 is projected to be between $(6.0) million and $(10.0) million.
  • Non-GAAP net loss per share for Q2 2025 is expected to be between $(0.03) and $(0.04).
  • Guidance includes the negative impact of the $0.8M revenue reserve allocated for the service outage in April 2024.
  • Braze has not reconciled its guidance as to non-GAAP operating loss, non-GAAP net loss or non-GAAP net loss per share to their most directly comparable GAAP measure as a result of uncertainty regarding reconciling items such as stock-based compensation expense.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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