Braze delivered a robust Q4 2025 performance, underscoring the ongoing strength of the company’s customer engagement platform and the accelerating move by brands to first-party data and AI-driven personalization. Revenue rose 22% year over year to $160.4 million, with non-GAAP operating income of $8.0 million and non-GAAP net income of $12.0 million, marking Braze’s third straight quarter of non-GAAP profitability. Free cash flow totaled $15.0 million, and the company ended the quarter with a solid balance sheet and a large pool of remaining performance obligations. Management highlighted continued expansion through legacy vendor consolidation, cross‑channel capabilities, and a deliberate vertical focus, notably retail and consumer goods, where Braze is enhancing e-commerce features and Shopify integration to shorten time-to-value for large brands.
A pivotal development is Braze’s definitive agreement to acquire OfferFit for $325 million (cash and stock, 42% equity). Management framed OfferFit as a reinforcement-learning AI decisioning engine that complements BrazeAI and Project Catalyst, with expectant benefits including larger deal sizes, expanded optimization capabilities, and accelerated time-to-value for enterprise clients. The acquisition is expected to add approximately 2 percentage points to year-over-year revenue growth in the near term and be modestly dilutive to non-GAAP operating income margins in fiscal year 2026, with a smoother margin trajectory anticipated thereafter. The guidance for Q1 2026 and the full year 2026 excludes OfferFit, with updated guidance to be issued post-close.
Looking forward, Braze sees a long‑term growth runway driven by increased emphasis on first‑party data, AI-enabled personalization, and multi‑channel orchestration across verticals, starting with a concentrated push into retail and consumer goods. The company remains confident in its ability to sustain profitable growth while reinvesting to expand product capabilities, data infrastructure, and geographic reach.