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Jul 31, 2024
Braze Q2 2025 Earnings Report
Delivered strong top-line growth and achieved non-GAAP profitability.
Key Takeaways
Braze reported a strong second quarter with revenue of $145.5 million, up 26.4% year-over-year. The company achieved its first quarter of non-GAAP operating income and net income profitability.
Revenue increased by 26.4% year-over-year to $145.5 million.
GAAP gross margin was 70.2%, while non-GAAP gross margin was 70.9%.
Non-GAAP operating income reached $4.2 million, compared to a loss of $7.6 million in the prior year.
Free cash flow was $7.2 million, an improvement from $(18.7) million in the prior year.
Revenue by Segment
Forward Guidance
Braze is initiating guidance for the fiscal third quarter ending October 31, 2024, and updating guidance for the fiscal year ending January 31, 2025.
Positive Outlook
- Revenue Q3 2025 Guidance: $147.5 - 148.5 million
- Revenue FY 2025 Guidance: $582.5 - 585.5 million
- Non-GAAP net income (loss) FY 2025 Guidance: $6.5 - 7.5 million
- Non-GAAP net income (loss) per share, diluted FY 2025 Guidance: $0.06 - 0.07
- Weighted average common shares used in computing non-GAAP net loss per share ~108.0
Challenges Ahead
- Non-GAAP operating loss Q3 2025 Guidance: $(3.5) - (4.5) million
- Non-GAAP operating loss FY 2025 Guidance: $(7.5) - (8.5) million
- Non-GAAP net income (loss) Q3 2025 Guidance: $(0.5) - (1.5) million
- Non-GAAP net income (loss) per share, diluted Q3 2025 Guidance: $0.00 - (0.01)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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