Filing Flows › Braze (BRZE) › Q2 FY26
Braze (BRZE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 5, 2025
Braze (BRZE) reported revenue of $180M for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +11% from the quarter before. Operating margin was -21.5%, net loss $27.8M (15.4% of revenue).
Braze, Q2 FY26: revenue $180M (+24% year over year), operating margin -21.5%, net loss $27.8M, operating cash flow $7.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +11% | +24% |
| Operating profit | −$38.8M | — | — |
| Net earnings | −$27.8M | — | — |
| Operating cash flow | $7.0M | -71% | -40% |
| Free cash flow | $4.3M | -82% | -48% |
What changed
Revenue was $180.1M in Q2 FY26, up 24% year over year and up 11% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $31.8M year over year (up 23%), 92% of the total change.
Gross margin was 67.7%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $38.8M, an operating margin of -21.5%. Operating expenses grew 24% against revenue growth of 24%. The fastest-growing cost line was General & admin (+30%). The quarter ended with a net loss of $27.8M, narrower than the previous quarter's $35.6M loss.
Operating cash flow was $7.0M (down 40% year over year). Non-cash charges added back $2.6M of depreciation and amortization and $37.6M of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $2.6M left free cash flow of $4.3M.
Questions
What was Braze's revenue in the second quarter fiscal 2026?
Braze (BRZE) reported revenue of $180M for the second quarter fiscal 2026 (Q2 FY26), +24% from a year earlier and +11% from the quarter before.
Was Braze profitable in the second quarter fiscal 2026?
Operating loss was $38.8M (-21.5% of revenue) and net loss $27.8M.
Source: Braze 10-Q on SEC EDGAR.