Filing Flows › Braze (BRZE) › Q4 FY25
Braze (BRZE) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 31, 2025
Braze (BRZE) reported revenue of $160M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and +5% from the quarter before. Operating margin was -13.4%, net loss $17.1M (10.6% of revenue).
Braze, Q4 FY25: revenue $160M (+22% year over year), operating margin -13.4%, net loss $17.1M, operating cash flow $17.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | +5% | +22% |
| Operating profit | −$21.6M | — | — |
| Net earnings | −$17.1M | — | — |
| Operating cash flow | $17.1M | — | +347% |
| Free cash flow | $16.0M | — | — |
What changed
Revenue was $160.4M in Q4 FY25, up 22% year over year and up 5% from the previous quarter. Subscription was the largest line at 96% of revenue.
Gross margin was 69.3%, up 2.1 points from a year earlier. Operating costs exceeded revenue by $21.6M, an operating margin of -13.4%. Operating expenses grew 10% against revenue growth of 22%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $17.1M, narrower than the previous quarter's $28.1M loss. Non-operating items added $5.6M, -35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.1M (up 347% year over year). Non-cash charges added back $2.8M of depreciation and amortization and $28.0M of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $1.1M left free cash flow of $16.0M.
Questions
What was Braze's revenue in the fourth quarter fiscal 2025?
Braze (BRZE) reported revenue of $160M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and +5% from the quarter before.
Was Braze profitable in the fourth quarter fiscal 2025?
Operating loss was $21.6M (-13.4% of revenue) and net loss $17.1M.
Source: Braze 10-K on SEC EDGAR.