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Jan 31, 2024
Braze Q4 2024 Earnings Report
Braze's Q4 2024 earnings showcased revenue growth and improved efficiency.
Key Takeaways
Braze reported a 33% increase in revenue for the fourth quarter of fiscal year 2024, reaching $131.0 million. The company also demonstrated improvements in operating loss and net loss per share compared to the previous year. Braze introduced first quarter and full year fiscal 2025 guidance.
Revenue increased by 33% year-over-year to $131.0 million.
Subscription revenue reached $125.9 million, up from $94.8 million in the prior year's quarter.
GAAP operating loss improved to $32.3 million compared to $36.5 million in the same quarter last year.
Non-GAAP net loss per share improved to $0.04 compared to $0.14 in the fourth quarter of the fiscal year ended January 31, 2023.
Revenue by Segment
Forward Guidance
Braze is initiating guidance for the fiscal first quarter ending April 30, 2024 and fiscal year ending January 31, 2025.
Positive Outlook
- Q1 2025 Revenue: $131.0 - 132.0 million
- FY 2025 Revenue: $570.0 - 575.0 million
- Q1 2025 Non-GAAP Operating Loss: $(13.0) - (14.0) million
- FY 2025 Non-GAAP Operating Loss: $(20.0) - (24.0) million
- FY 2025 Weighted average shares outstanding ~101.0 million
Challenges Ahead
- Q1 2025 Non-GAAP Net Loss: $(10.0) - (11.0) million
- FY 2025 Non-GAAP Net Loss: $(8.0) - (12.0) million
- Q1 2025 Non-GAAP Net Loss Per Share: $(0.10) - (0.11)
- FY 2025 Non-GAAP Net Loss Per Share: $(0.08) - (0.12)
- 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, and the potential variability of, reconciling items such as stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in Braze’s stock price.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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