Filing Flows › Braze (BRZE) › Q1 FY27 › vs Q4 FY26
Braze (BRZE) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Braze's revenue rose $5.8M (+3%) from $205M in Q4 FY26 to $211M in Q1 FY27. The biggest changes: Professional services and other +$4.1M (+35%); Subscription +$1.7M (+0.9%).
Braze, Q1 FY27: revenue $211M (+30% year over year), operating margin -13.0%, net loss $25.5M, operating cash flow $28.1M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 13.3% | 7.1% | +6.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $195M | $193M | $1.7M | +0.9% |
| Professional services and other | $15.8M | $11.7M | $4.1M | +35% |
| Revenue | $211M | $205M | $5.8M | +3% |
| Other income, net | $3.5M | $3.6M | −$106K | -3% |
| Net loss | $25.5M | $31.6M | −$6.1M | -19% |
| Costs & expenses | $240M | $240M | −$367K | -0.2% |
| Operating costs | $239M | $233M | $5.1M | +2% |
| Income tax | $1.4M | $6.9M | −$5.5M | -79% |
| Cost of revenue | $72.3M | $70.8M | $1.5M | +2% |
| Research & development | $46.1M | $45.0M | $1.1M | +2% |
| Sales & marketing | $89.2M | $81.7M | $7.5M | +9% |
| General & admin | $30.9M | $35.9M | −$5.0M | -14% |
| Operating cash sources | $53.6M | $51.0M | $2.7M | +5% |
| Depreciation & amortization | $6.3M | $11.1M | −$4.8M | -44% |
| Share-based compensation | $35.8M | $37.7M | −$1.9M | -5% |
| Working capital & other | $11.5M | $2.1M | $9.4M | +445% |
| Net loss absorbed | $25.5M | $31.6M | −$6.1M | -19% |
| Operating cash flow | $28.1M | $19.4M | $8.8M | +45% |
| Free cash flow (OCF − capex) | $28.0M | $14.6M | $13.5M | +92% |
| Capital expenditures | $108K | $4.8M | −$4.7M | -98% |
Questions
How much did Braze's revenue grow quarter over quarter in Q1 FY27?
Braze's revenue rose $5.8M (+3%) from $205M in Q4 FY26 to $211M in Q1 FY27.
What drove Braze's revenue change in Q1 FY27?
Professional services and other +$4.1M (+35%); Subscription +$1.7M (+0.9%).