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How Braze (BRZE) makes money

Braze (BRZE) made $227M of revenue in the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier. Subscription brought in $208M (91%); Professional services and other brought in $19.6M (9%).

Drawing the Sankey…

Braze revenue by segment, Q2 FY27Braze revenue by segment, Q2 FY27Subscription$208MProfessional services and other$19.6M
Braze: revenue by line, Q4 FY25 to Q2 FY27Braze: revenue by line, Q4 FY25 to Q2 FY27SubscriptionProfessional services…Subscription: $208M latest$208MProfessional services and other: $19.6M latest$19.6MQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Professional services and other went from 4% of revenue in Q4 FY25 to 9% in Q2 FY27, the largest shift in the mix.
Braze revenue by quarterBraze revenue by quarter$160MQ4 FY25$162MQ1 FY26$180MQ2 FY26$191MQ3 FY26$205MQ4 FY26$211MQ1 FY27$227MQ2 FY27
Braze: where each dollar of revenue goesBraze: where each dollar of revenue goesIncome tax1¢Operating cash flow11¢Free cash flow10¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Subscription$208M91.4%+6%+21%
Professional services and other$19.6M8.6%+24%+135%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$227M100.0%
Income tax$2.5M1.1%
Operating cash flow$24.2M10.7%
Free cash flow$21.7M9.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$227M+26%
Q1 FY27$211M+30%
Q4 FY26$205M+28%
Q3 FY26$191M+26%
Q2 FY26$180M+24%
Q1 FY26$162M+20%
Q4 FY25$160M+22%

From Braze's 10-Q filed Sep 9, 2026 (on EDGAR).

Questions

How does Braze make money?

Braze (BRZE) made $227M of revenue in the second quarter fiscal 2027 (Q2 FY27), +26% from a year earlier. Subscription brought in $208M (91%); Professional services and other brought in $19.6M (9%).

What is Braze's biggest business?

Subscription: $208M in the second quarter fiscal 2027, 91% of revenue, +21% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.