Abstract

Braze, Inc. will release its quarterly results on December 09, 2025 Post Market, with investors watching revenue trajectory, margins, and adjusted EPS as subscription growth and operating discipline shape expectations.

Market Forecast

Consensus points to continued top-line expansion, with Braze, Inc.’s current-quarter revenue projected at USD 184,084,060.00, an estimated year-over-year increase of 24.21%. The company’s internal forecast framework indicates EPS at USD 0.06 with a year-over-year growth expectation of 14.33%, and EBIT at USD 4,196,000.00 with an expected year-over-year growth of 210.34%. While management has guided to sustained gross profitability historically, the quarter’s specific gross profit margin, net profit or net margin outlook is not explicitly provided in the forecast dataset. The main business highlight remains subscription revenue growth driven by enterprise adoption, with professional services expanding to support implementations and customer success. The most promising segment is Subscription, estimated to continue as the revenue anchor; last quarter it delivered USD 171,771,000.00, underpinned by double-digit year-over-year growth trends coming into the forecast period.

Last Quarter Review

Braze, Inc. reported last quarter revenue of USD 180,111,000.00, a gross profit margin of 67.67%, GAAP net profit attributable to the parent company of USD -27,899,000.00, a net profit margin of -15.49%, and adjusted EPS of USD 0.15, with year-over-year growth of 66.67%. A key financial highlight was the outperformance versus consensus, with revenue exceeding estimates by USD 9,996,950.00 and EBIT reaching USD 6,042,000.00 versus an estimated USD 1,155,370.00, pointing to better-than-expected operational leverage. Main business highlights included Subscription revenue of USD 171,771,000.00 and Professional Services and Other at USD 8,340,000.00, reinforcing the primacy of recurring revenue and the supportive role of services.

Current Quarter Outlook

Main Business: Subscription Revenue Trajectory and Usage Expansion

Subscription remains the core engine for Braze, Inc., with last quarter’s USD 171,771,000.00 underscoring the importance of recurring contracts linked to customer engagement deployment at scale. The estimated revenue increase to USD 184,084,060.00, alongside forecast EPS of USD 0.06, implies continued unit economics improvement as product adoption deepens across large enterprises. The gross margin profile of 67.67% last quarter provides a benchmark for the current period, with upsell activity, richer feature utilization, and improved infrastructure efficiency acting as margin supports. The central factor shaping performance will be contract renewals and expansions in key verticals, coupled with the pace of new logo acquisition; both influence revenue visibility and contribute to operating leverage when combined with disciplined expense management.

Most Promising Business: Enterprise Subscription and Cross-Sell

The most promising growth vector appears within enterprise subscription packages that bundle advanced capabilities across orchestration, channels, and analytics, which can lift average revenue per account. The last quarter’s subscription base offers room for cross-sell into modules that enhance segmentation, real-time triggers, and measurement; success here converts into higher net retention and more predictable revenue streams. Cross-sell momentum, if sustained, aligns with the forecasted EBIT of USD 4,196,000.00 and the EPS estimate, reflecting incremental margin capture as revenue scales faster than fixed costs. Execution will hinge on sales productivity, product differentiation versus peers in customer engagement, and consistent delivery of measurable outcomes for clients, which together could support another sequential improvement in profitability metrics even as the company invests in growth.

Stock Price Drivers: Profitability Progress, Margin Discipline, and Guidance

Near-term stock performance will be sensitive to the relationship between top-line growth and margin signals, particularly whether GAAP net loss narrows meaningfully from last quarter’s USD -27,899,000.00 and net margin of -15.49%. Investors are primed to assess whether adjusted EPS at USD 0.06 and EBIT at USD 4,196,000.00 materialize alongside stable or improving gross margins, as these would suggest operational efficiency gains amidst sustained revenue growth. Guidance for the full fiscal year and for the next quarter will be scrutinized for revenue pace, billings trends, and any commentary on macro demand variability; clarity here often sways sentiment more than a small beat or miss. Any updates on customer win rates, retention, and large deal closures can reinforce confidence in the subscription growth trajectory, while signals of higher sales costs or slower expansions may temper enthusiasm.

Analyst Opinions

The recent analyst commentary skews bullish. Multiple institutions have reiterated Buy ratings, including Raymond James with a USD 43.00 target, Cantor Fitzgerald with a USD 38.00 target, and Wells Fargo with a USD 40.00 target. The majority opinion highlights durable subscription fundamentals, improving operating metrics, and upside from enterprise cross-sell as supports for performance. Analysts emphasize the potential for continued revenue beats and measured margin improvement, citing last quarter’s revenue and EBIT outperformance versus estimates as an encouraging setup. The bullish camp expects guidance to validate demand resiliency and sees room for adjusted EPS delivery at USD 0.06 on USD 184,084,060.00 of revenue, anchoring expectations for a constructive Post Market reaction if execution aligns with forecasts.