Braze(BRZE) - 2025 Q4 - Earnings Call Presentation

Financial Performance - Braze's Q4 Fiscal 2025 revenue reached $160.4 million, representing a 22.5% year-over-year growth and a 5.5% sequential increase[10] - The company's GAAP gross margin was 69.3%, a 210 basis points increase year-over-year, while the non-GAAP gross margin was 69.9%, up 200 basis points year-over-year[10] - Braze reported a GAAP operating loss of $21.6 million, an improvement from the $32.3 million loss in the prior year quarter; the non-GAAP operating income was $7.9 million, compared to a loss of $7.5 million in the prior year quarter[10] - Net cash provided by operating activities was $17.1 million, compared to $3.8 million in the prior year quarter, and free cash flow was $15.2 million, a significant increase from $(3.5) million in the prior year quarter[10] Customer Metrics - Braze's customer base grew to 2,296 as of January 31, 2025, from 2,044 in the prior year quarter, and the dollar-based net retention rate was 111%[3,10] Future Outlook - For Q1 Fiscal Year 2026, Braze projects revenue between $158.0 million and $159.0 million, and for the full Fiscal Year 2026, revenue is expected to be between $686.0 million and $691.0 million[30] - The company anticipates a non-GAAP operating income between $0.0 million and $1.0 million for Q1 Fiscal Year 2026, and between $25.5 million and $29.5 million for the full Fiscal Year 2026[30] - Braze expects a non-GAAP net income between $4.5 million and $5.5 million for Q1 Fiscal Year 2026, and between $34.0 million and $38.0 million for the full Fiscal Year 2026[30] Strategic Initiatives - Braze announced an agreement to acquire OfferFit, an AI decisioning company, for $325 million in a combination of cash and Braze Class A common stock[11]