Filing Flows › Braze (BRZE) › Q4 FY26
Braze (BRZE) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 25, 2026
Braze (BRZE) reported revenue of $205M for the fourth quarter fiscal 2026 (Q4 FY26), +28% from a year earlier and +8% from the quarter before. Operating margin was -13.8%, net loss $31.6M (15.4% of revenue).
Braze, Q4 FY26: revenue $205M (+28% year over year), operating margin -13.8%, net loss $31.6M, operating cash flow $19.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | +8% | +28% |
| Operating profit | −$28.2M | — | — |
| Net earnings | −$31.6M | — | — |
| Operating cash flow | $19.4M | -8% | +13% |
| Free cash flow | $14.6M | -23% | -9% |
What changed
Revenue was $205.2M in Q4 FY26, up 28% year over year and up 8% from the previous quarter. Subscription was the largest line at 94% of revenue.
Gross margin was 65.5%, down 3.8 points from Q4 FY25. Operating costs exceeded revenue by $28.2M, an operating margin of -13.8%. Operating expenses grew 23% against revenue growth of 28%. The fastest-growing cost line was Research & development (+34%). The quarter ended with a net loss of $31.6M, narrower than the previous quarter's $35.8M loss.
Operating cash flow was $19.4M (up 13% year over year). Non-cash charges added back $11.1M of depreciation and amortization and $37.7M of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $4.8M left free cash flow of $14.6M.
Questions
What was Braze's revenue in the fourth quarter fiscal 2026?
Braze (BRZE) reported revenue of $205M for the fourth quarter fiscal 2026 (Q4 FY26), +28% from a year earlier and +8% from the quarter before.
Was Braze profitable in the fourth quarter fiscal 2026?
Operating loss was $28.2M (-13.8% of revenue) and net loss $31.6M.
Source: Braze 10-K on SEC EDGAR.