Braze Stock Rallies After Q3 Earnings Report: Details

Core Insights - Braze, Inc. reported strong third-quarter earnings, exceeding revenue estimates and raising fiscal 2026 guidance [1][4] Financial Performance - Adjusted earnings per share for the quarter were six cents, meeting analyst expectations [2] - Quarterly revenue reached $190.84 million, surpassing the Street estimate of $184.08 million, reflecting a revenue growth of 25.5% [2][4] - Subscription revenue was $181.6 million, up from $146.3 million in the same quarter of the previous fiscal year [6] - Professional services and other revenue increased to $9.2 million from $5.8 million year-over-year [6] - Non-GAAP gross margin was 69.1%, slightly down from 70.5% in the same quarter last year [6] Guidance and Outlook - The company raised its fiscal 2026 adjusted EPS guidance to a range of 42 to 43 cents, compared to the analyst estimate of 41 cents [4] - Fiscal revenue outlook was increased to between $730.5 million and $731.5 million, exceeding the previous estimate of $717.7 million [4] Customer Metrics - Total customer count grew by 14%, with large customers increasing by 29% [6] - Trailing 12-month dollar-based net retention stabilized at 108% [6] Stock Performance - Following the earnings report, Braze's stock price increased by 8.12%, reaching $33.14 in extended trading [5]