Business
Braze Reports Fiscal First Quarter 2026 Results
Hires Seasoned Veteran SaaS Revenue Leader as Chief Revenue Officer Completes acquisition of OfferFit, an AI decisioning company NEW YORK--(BUSINESS WIRE)--
About this update from Braze, Inc.
[{"type":"text","content":"\nHires Seasoned Veteran SaaS Revenue Leader as Chief Revenue Officer\n\n\nCompletes acquisition of OfferFit, an AI decisioning company\n\n\n NEW YORK--(BUSINESS WIRE)--\nBraze (Nasdaq: BRZE) the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced results for its fiscal quarter ended April 30, 2025.\n\n\n“We are off to a good start in fiscal year 2026, delivering strong revenue growth, profitability, and free cash flow in an ever-changing environment,” said Bill Magnuson, Cofounder and CEO of Braze. “I’m also excited to announce that Ed McDonnell will be joining Braze in July to lead all aspects of our global revenue operations. McDonnell has a strong track record of delivering results at high-growth public SaaS businesses, and we believe his extensive background in Software and Customer Engagement will further solidify Braze as the leading customer engagement platform and accelerate growth in the coming years.”\n\n\nFiscal First Quarter 2026 Financial Highlights\n\n\n\nRevenue was $162.1 million compared to $135.5 million in the first quarter of the fiscal year ended January 31, 2025, up 19.6% year-over year, driven primarily by new customers, upsells, and renewals.\n\n\n\nSubscription revenue in the quarter was $154.9 million compared to $130.1 million in the first quarter of the fiscal year ended January 31, 2025, and professional services and other revenue was $7.2 million compared to $5.4 million in the first quarter of the fiscal year ended January 31, 2025.\n\n\n\nRemaining performance obligations as of April 30, 2025 were $829.3 million, of which $522.2 million is current, which the company defines as less than one year.\n\n\n\nGAAP gross margin was 68.6% compared to 67.1% in the first quarter of the fiscal year ended January 31, 2025.\n\n\n\nNon-GAAP gross margin was 69.3% compared to 67.9% in the first quarter of the fiscal year ended January 31, 2025.\n\n\n\nDollar-based net retention for all customers for the trailing 12 months ended April 30, 2025 and April 30, 2024 was 109% and 117%, respectively; dollar-based net retention for customers with annual recurring revenue (ARR) of $500,000 or more was 112% compared to 119% in the first quarter of the fiscal year ended January 31, 2025.\n\n\n\nTotal customers increased to 2,342 as of April 30, 2025 from 2,102 as of April ...