Braze(US:BRZE)2024-09-06 00:18Financial Highlights - Quarterly revenue run rate reached $582 million[1], representing a 26% year-over-year (YoY) increase[1] - Subscription revenue experienced a growth of 96%[1] - The dollar-based net retention rate was 114%[1,6] - GAAP net loss amounted to $23 million[1] Q2 Fiscal Year 2025 Financial Results - Revenue totaled $145.5 million, a 26.4% increase YoY and a 7.4% sequential increase[6] - GAAP gross margin was 70.2%, up 100 basis points YoY, while non-GAAP gross margin was 70.9%, up 90 basis points YoY[6] - GAAP operating loss was $28.0 million, compared to a loss of $35.4 million in the prior year quarter[6] - Non-GAAP operating income was $4.2 million, compared to a loss of $7.6 million in the prior year quarter[6] - Net cash provided by operating activities was $11.6 million, compared to net cash used by operating activities of $17.5 million in the prior year quarter[7] - Free cash flow was $7.2 million, compared to ($18.7) million in the prior year quarter[7] Customer Metrics - Customer count increased to 2,163 as of July 31, 2024, from 1,958 in the prior year quarter[1,7]