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Oct 31, 2024
Braze Q3 2025 Earnings Report
Reported strong revenue growth and operating leverage while maintaining steady investment.
Key Takeaways
Braze reported strong third-quarter results with revenue reaching $152.1 million, a 22.7% increase year-over-year. The company is on track to meet profitability targets for fiscal year 2025.
Revenue was $152.1 million, up 22.7% year-over-year.
Subscription revenue reached $146.3 million.
Total customers increased to 2,211.
Dollar-based net retention for customers with ARR of $500,000 or more was 116%.
Revenue by Segment
Forward Guidance
Braze is initiating guidance for the fiscal fourth quarter ending January 31, 2025 and updating guidance for the fiscal year ending January 31, 2025.
Positive Outlook
- Revenue $155.0 - 156.0 million for Q4 2025
- Revenue $588.0 - 589.0 million for FY 2025
- Non-GAAP operating income $2.0 - 3.0 million for Q4 2025
- Non-GAAP operating income $(5.0) - (6.0) million for FY 2025
- Non-GAAP net income per share, diluted $0.05 - 0.06 for Q4 2025
Challenges Ahead
- Weighted average common shares used in computing non-GAAP net income per share, diluted ~107.5 for Q4 2025
- Non-GAAP net income $5.0 - 6.0 million for Q4 2025
- Non-GAAP net income $11.0 - 12.0 million for FY 2025
- Non-GAAP net income per share, diluted $0.10 - 0.11 for FY 2025
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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