FINANCE NOTE

Braze (NASDAQ: BRZE) — Q2 FY2027 Pre Earnings

Operations

As of September 7, 2026
Q1 Revenue ↑ 30.2% YoY $211M
Divisions
Braze 100.0%

Key Earnings Driver: BrazeAI Decisioning Studio

Braze revenue increased 30.2% year over year, to $211.0M, driven by strong demand for its AI-powered customer engagement platform. Within customer engagement platform, BrazeAI Decisioning Studio contributed $5.7M, up 26.7% organically. Management said the company had successfully accelerated the hiring and ramp of its forward deployed delivery personnel, which has enabled the company to accelerate the pace and timing of decisioning studio start dates.

Key Operating Metrics¹

METRIC

STATUS

Braze

Customer engagement platform

BrazeAI Decisioning Studio

🟢 Scaling

Product Mix

AI decisioning
cross-channel messaging
customer engagement platform
data platforms
journey orchestration

Key Financial Metrics

Gross Margin 65.70% -2.9 pp YoY
Backlog / Rev. 511.5% 5.11x Qtr Rev
CapEx Intensity 0.63% 0.00x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Braze website and/or SEC filings for Q1, with status based on reported data.