Filing Flows › Braze (BRZE) › Q1 FY26
Braze (BRZE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 6, 2025
Braze (BRZE) reported revenue of $162M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +1% from the quarter before. Operating margin was -24.8%, net loss $35.6M (22.0% of revenue).
Braze, Q1 FY26: revenue $162M (+20% year over year), operating margin -24.8%, net loss $35.6M, operating cash flow $24.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | +1% | +20% |
| Operating profit | −$40.2M | — | — |
| Net earnings | −$35.6M | — | — |
| Operating cash flow | $24.1M | +41% | +24% |
| Free cash flow | $23.9M | +50% | +92% |
What changed
Revenue was $162.1M in Q1 FY26, up 20% year over year and up 1% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription added $24.8M year over year (up 19%), 93% of the total change.
Gross margin was 68.6%, up 1.5 points from a year earlier. Operating costs exceeded revenue by $40.2M, an operating margin of -24.8%. Operating expenses grew 16% against revenue growth of 20%. The fastest-growing cost line was General & admin (+51%). The quarter ended with a net loss of $35.6M, wider than the previous quarter's $17.1M loss.
Operating cash flow was $24.1M (up 24% year over year). Non-cash charges added back $2.6M of depreciation and amortization and $30.6M of share-based compensation. Working capital and other items added $26.5M. Capital expenditures of $217K left free cash flow of $23.9M.
Questions
What was Braze's revenue in the first quarter fiscal 2026?
Braze (BRZE) reported revenue of $162M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +1% from the quarter before.
Was Braze profitable in the first quarter fiscal 2026?
Operating loss was $40.2M (-24.8% of revenue) and net loss $35.6M.
Source: Braze 10-Q on SEC EDGAR.