Filing Flows › Braze (BRZE) › Q1 FY27
Braze (BRZE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Braze (BRZE) reported revenue of $211M for the first quarter fiscal 2027 (Q1 FY27), +30% from a year earlier and +3% from the quarter before. Operating margin was -13.0%, net loss $25.5M (12.1% of revenue).
Braze, Q1 FY27: revenue $211M (+30% year over year), operating margin -13.0%, net loss $25.5M, operating cash flow $28.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +3% | +30% |
| Operating profit | −$27.5M | — | — |
| Net earnings | −$25.5M | — | — |
| Operating cash flow | $28.1M | +45% | +16% |
| Free cash flow | $28.0M | +92% | +17% |
What changed
Revenue was $211.0M in Q1 FY27, up 30% year over year and up 3% from the previous quarter. Subscription was the largest line at 93% of revenue. Subscription added $40.3M year over year (up 26%), 82% of the total change.
Gross margin was 65.7%, down 2.9 points from Q1 FY26. Operating costs exceeded revenue by $27.5M, an operating margin of -13.0%. Operating expenses grew 10% against revenue growth of 30%. The fastest-growing cost line was Research & development (+25%). The quarter ended with a net loss of $25.5M, narrower than the previous quarter's $31.6M loss.
Operating cash flow was $28.1M (up 16% year over year). Non-cash charges added back $6.3M of depreciation and amortization and $35.8M of share-based compensation. Working capital and other items added $11.5M. Capital expenditures of $108K left free cash flow of $28.0M.
Questions
What was Braze's revenue in the first quarter fiscal 2027?
Braze (BRZE) reported revenue of $211M for the first quarter fiscal 2027 (Q1 FY27), +30% from a year earlier and +3% from the quarter before.
Was Braze profitable in the first quarter fiscal 2027?
Operating loss was $27.5M (-13.0% of revenue) and net loss $25.5M.
Source: Braze 10-Q on SEC EDGAR.