Braze Inc
BRZE
$30.30 1.44%
Exchange: NASDAQ | Sector: Technology | Industry: Software Application
Q4 2025
Published: Mar 31, 2025

Earnings Highlights

  • Revenue of $160.40M up 22.5% year-over-year
  • EPS of $-0.17 increased by 41.4% from previous year
  • Gross margin of 69.3%
  • Net income of -17.19M
  • "OfferFit's most prominent partner, nearly one third of current OfferFit customers use Braze as their primary customer engagement platform." - William (Bill) Magnuson
BRZE
Company BRZE

Executive Summary

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.

Key Performance Indicators

Revenue
Increasing
160.40M
QoQ: 5.49% | YoY: 22.48%
Gross Profit
Increasing
111.09M
69.26% margin
QoQ: 4.66% | YoY: 26.29%
Operating Income
Increasing
-21.56M
QoQ: 33.81% | YoY: 30.28%
Net Income
Increasing
-17.19M
QoQ: 38.40% | YoY: 39.20%
EPS
Increasing
-0.17
QoQ: 37.04% | YoY: 41.38%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 180.11 -0.26 +23.8% View
Q1 2026 162.06 -0.34 +19.6% View
Q4 2025 160.40 -0.17 +22.5% View
Q3 2025 152.05 -0.27 +22.7% View
Q2 2025 145.50 -0.23 +26.4% View