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Oct 31, 2025
Braze Q3 2026 Earnings Report
Braze reported solid revenue growth and positive non-GAAP earnings in Q3 2026, supported by customer expansion and innovation in BrazeAI.
Key Takeaways
Braze delivered a strong third quarter with $190.8M in revenue and positive non-GAAP EPS, despite a GAAP net loss. Growth was driven by new customer wins and expanding enterprise relationships.
Revenue reached $190.8M, up significantly from the prior year
GAAP net loss was $36.0M, while non-GAAP net income came in at $6.6M
Positive non-GAAP operating income of $5.1M marked a turnaround from a loss in the prior year
BrazeAI innovations and enterprise customer growth contributed to performance
Revenue by Segment
Forward Guidance
Braze expects continued revenue and profitability growth in Q4 FY26, driven by enterprise adoption and BrazeAI expansion.
Positive Outlook
- Q4 revenue projected between $197.5M and $198.5M
- FY26 revenue projected between $730.5M and $731.5M
- Q4 non-GAAP operating income projected at $12M–$13M
- Q4 non-GAAP EPS projected at $0.13–$0.14
- Momentum in large enterprise customer growth
Challenges Ahead
- GAAP net losses expected to continue in near term
- Gross margin declined YoY on both GAAP and non-GAAP basis
- Dollar-based net retention dipped compared to prior year
- High stock-based compensation remains a drag on GAAP profitability
- Cash and equivalents declined from earlier in the year
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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