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Braze(BRZE) - 2026 Q1 - Earnings Call Presentation
2025-06-05 20:08
Financial Performance - Braze's quarterly revenue run rate is $648 million [3] - Braze experienced a year-over-year revenue growth of 19.6% in Q1'26 [4, 14] - Subscription revenue accounted for 96% of the total revenue [4] - GAAP net loss was $36 million [4] - Q1'26 non-GAAP gross margin was 69.3% [17] - Free cash flow for Q1'26 was $22.9 million [11, 25] Customer Metrics - Braze has 2,342 customers across over 75 countries [4] - Dollar-based net retention rate was 109% [4, 19] - Year-over-year customer growth was 11% [23] - Year-over-year growth of customers with over $500K ARR was 24% [23] Future Outlook (Guidance) - Braze projects Q2'26 revenue between $171 million and $172 million [30] - Braze anticipates full fiscal year 2026 revenue between $702 million and $706 million [30]