Braze
Cloud platform for real-time data, cross-channel customer journeys, and personalized messaging.
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Profile
Provides a cloud platform for brands to ingest first-party data, orchestrate customer journeys, and deliver personalized messages across email, mobile, web, and other channels. Revenue is primarily subscription-based, with pricing tied largely to messaging volume and consumer reach; operations depend on third-party cloud infrastructure and evolving data-privacy rules.
Provides a cloud customer engagement platform for ingesting first-party data, segmenting audiences, orchestrating journeys, and delivering personalized interactions across digital channels. The Braze Data Platform handles real-time data; Canvas designs and tests journeys; BrazeAI adds decisioning, agents, and optimization; messaging spans email, push, in-app, web, SMS, WhatsApp, and other channels.
Revenue comes primarily from subscriptions; professional services support onboarding and use. Subscription fees are tied principally to committed messaging volumes, monthly active users, platform access, support, and add-on products. Customers span more than 70 countries, while North America remains the largest revenue base.
Execution centers on real-time stream processing and a single platform that connects data, orchestration, and delivery. The service processes personal data under evolving privacy rules and outsources substantially all cloud infrastructure to third-party providers, particularly AWS, while end-user profiles also rely on Rackspace.
Company facts
Categories
Key statistics
Year to date +6.1% · Average volume (30d) 2.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 27, 2026 | Oppenheimer | Reiterate | Outperform | $40 | $36 |
| Aug 14, 2026 | BTIG | Reiterate | Buy | $45 | $35 |
| Jun 23, 2026 | Goldman Sachs | Target | $45 | $34 | |
| May 28, 2026 | DA Davidson | Reiterate | Buy | $42 | $33 |
| May 28, 2026 | Stifel Nicolaus | Target | $40 | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 27, 2026Q1 FY27 | $0.10 | $0.10 | 0.0% | $205.2M | $211.0M | +2.8% | −4.96% |
| Mar 24, 2026Q4 FY26 | $0.14 | $0.10 | −28.6% | $198.2M | $205.2M | +3.5% | +19.87% |
| Dec 9, 2025Q3 FY26 | $0.06 | $0.06 | −3.6% | $184.6M | $190.8M | +3.4% | +18.08% |
| Sep 4, 2025Q2 FY26 | $0.03 | $0.15 | +400.0% | $184.2M | $180.1M | −2.2% | +13.59% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $160.4M | $162.1M | $180.1M | $190.8M | $205.2M | $211.0M | |
| Gross profit | $111.1M | $111.2M | $121.9M | $128.2M | $134.4M | $138.7M | |
| Operating income | −$21.6M | −$40.2M | −$38.8M | −$37.5M | −$28.2M | −$27.5M | |
| Net income | −$17.2M | −$35.8M | −$27.9M | −$36.0M | −$31.6M | −$26.6M | |
| Diluted EPS | −$0.17 | −$0.34 | −$0.26 | −$0.33 | −$0.29 | −$0.24 | |
| Gross margin | 69.3% | 68.6% | 67.7% | 67.2% | 65.5% | 65.7% | |
| Operating margin | -13.4% | -24.8% | -21.5% | -19.7% | -13.8% | -13.0% |
Fiscal years (4-quarter sums)FY22 $238.0M · FY23 $355.4M · FY24 $471.8M · FY25 $593.4M · FY26 $738.2M
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Apr 30, 2026Cash & short-term investments $387.5M · Total debt $81.5M · Total assets $1.09B · Shareholders' equity $581.7M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 112.63M · Float 92.42M · 82.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 16.89M | 15.00% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 8.40M | 7.46% | 13F | Aug 7, 2026 |
| MCG7 Capital Inc. | 6.71M | 6.00% | 13G | May 14, 2026 |
| Vanguard Portfolio Management | 5.67M | 5.03% | 13G | Jul 31, 2026 |
| Pictet Asset Management Holding SA | 5.05M | 4.48% | 13F | Jul 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −42,000 | $32.47 |
| Aug 24, 2026 | Edward M. McDonnell | officer: Chief Revenue Officer | −29,732 | $31.38 |
| Aug 24, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −10,000 | $31.04 |
| Aug 19, 2026 | Astha Malik | officer: Chief Business Officer | −15,724 | $29.57 |
| Aug 19, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −9,413 | $29.99 |
Peers
- Salesforce
Marketing cloud with CRM-connected journey orchestration and Agentforce AI
- Adobe
Enterprise marketing suite: CDP, journey orchestration, and AI across channels
- Klaviyo
E-commerce B2C CRM with email, SMS, push, and built-in CDP across 167K+ brands
- Twilio
Segment CDP + Engage CEP + owned SMS/email APIs in one stack
- HubSpot
CRM-led marketing automation for SMB to mid-market with email, SMS, and AI
- SAP (ADR)
Omnichannel CEP (SAP Emarsys) with e-commerce playbooks and native SAP ERP data
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Braze | $34.53 | 0.00% | $3.89B | — | 48.1 | 4.9 | +30.2% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| Adobe | $291.46 | −0.04% | $115.88B | 16.7 | 11.3 | 4.6 | +12.7% |
| Klaviyo | $20.00 | −0.79% | $6.03B | 955.0 | 21.4 | 4.3 | +26.4% |
| Twilio | $237.78 | +0.02% | $36.09B | 33.1 | 38.6 | 6.5 | +22.0% |
| HubSpot | $260.15 | −0.21% | $13.36B | 92.1 | 17.3 | 3.9 | +19.8% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Median | 30.6 | 19.5 | 4.7 | +16.3% |