Filing Flows › Braze (BRZE) › Q3 FY26
Braze (BRZE) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 10, 2025
Braze (BRZE) reported revenue of $191M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +6% from the quarter before. Operating margin was -19.7%, net loss $35.8M (18.8% of revenue).
Braze, Q3 FY26: revenue $191M (+26% year over year), operating margin -19.7%, net loss $35.8M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | +6% | +26% |
| Operating profit | −$37.5M | — | — |
| Net earnings | −$35.8M | — | — |
| Operating cash flow | $21.0M | +202% | — |
| Free cash flow | $19.0M | +338% | — |
What changed
Revenue was $190.8M in Q3 FY26, up 26% year over year and up 6% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $35.4M year over year (up 24%), 91% of the total change.
Gross margin was 67.2%, down 2.6 points from a year earlier. Operating costs exceeded revenue by $37.5M, an operating margin of -19.7%. Operating expenses grew 19% against revenue growth of 26%. The fastest-growing cost line was Research & development (+34%). The quarter ended with a net loss of $35.8M, wider than the previous quarter's $27.8M loss.
Operating cash flow was $21.0M. Non-cash charges added back $2.9M of depreciation and amortization and $37.8M of share-based compensation. Working capital and other items added $16.0M. Capital expenditures of $1.9M left free cash flow of $19.0M.
Questions
What was Braze's revenue in the third quarter fiscal 2026?
Braze (BRZE) reported revenue of $191M for the third quarter fiscal 2026 (Q3 FY26), +26% from a year earlier and +6% from the quarter before.
Was Braze profitable in the third quarter fiscal 2026?
Operating loss was $37.5M (-19.7% of revenue) and net loss $35.8M.
Source: Braze 10-Q on SEC EDGAR.