Filing Flows › Braze (BRZE) › Q2 FY27
Braze (BRZE) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 9, 2026
Braze (BRZE) reported revenue of $227M for the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier and +8% from the quarter before. Operating margin was -8.0%, net loss $18.3M (8.1% of revenue).
Braze, Q2 FY27: revenue $227M (+26% year over year), operating margin -8.0%, net loss $18.3M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $227M | +8% | +26% |
| Operating profit | −$18.1M | — | — |
| Net earnings | −$18.3M | — | — |
| Operating cash flow | $24.2M | -14% | +248% |
| Free cash flow | $21.7M | — | — |
What changed
Revenue was $227.2M in Q2 FY27, up 26% year over year and up 8% from the previous quarter. Subscription was the largest line at 91% of revenue. Subscription added $35.9M year over year (up 21%), 76% of the total change.
Gross margin was 66.8%, down 0.8 points from Q2 FY26. Operating costs exceeded revenue by $18.1M, an operating margin of -8.0%. Operating expenses grew 6% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+12%). The quarter ended with a net loss of $18.3M, narrower than the previous quarter's $25.5M loss.
Operating cash flow was $24.2M (up 248% year over year). Non-cash charges added back $3.4M of depreciation and amortization and $35.7M of share-based compensation. Working capital and other items added $3.4M. After capitalized internal-use software costs ($1.3M) and purchases of property and equipment ($1.2M), free cash flow as the company reports it was $21.7M.
Questions
What was Braze's revenue in the second quarter fiscal 2027?
Braze (BRZE) reported revenue of $227M for the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier and +8% from the quarter before.
Was Braze profitable in the second quarter fiscal 2027?
Operating loss was $18.1M (-8.0% of revenue) and net loss $18.3M.
Source: Braze 10-Q on SEC EDGAR.