By Doc Louallen

Braze raised its outlook for the year after revenue soared more than 30% in the first quarter, as new customers, upsells, and renewals helped organic sales growth accelerate for a fourth straight quarter.

The software company's first-quarter loss narrowed to $26.6 million, or 24 cents a share, from a loss of $35.8 million, or 34 cents a share, a year earlier.

Adjusted earnings were 10 cents a share, matching the expectation of analysts surveyed by FactSet.

Revenue rose to $211 million, ahead of the $205.2 million that Wall Street had modeled.

Braze said its dollar-based retention rate over the last 12 months was 110%, up slightly from the fourth quarter. It had 2,713 customers at the end of the quarter, including 349 with annual recurring revenue of more than $500,000.

"We are off to a strong start in fiscal year 2027, delivering the fourth straight quarter of organic revenue acceleration, driven by strong demand for our AI-powered customer engagement platform," Braze Chief Executive Bill Magnuson said.

For the current quarter, Braze expects revenue between $219.5 million and $220.5 million and adjusted earnings of 15 cents to 16 cents a share. Analysts were looking for revenue of $216.5 million and adjusted earnings of 15 cents a share

The company also raised its outlook for the year. It now expects revenue between $895 million and $899 million, up from its prior view for between $884 million and $889 million.

It also forecast adjusted profit between $70 million and $74 million, up from a range between $69 million and $73 million. On a per-share basis, the company continues to expect adjusted per-share earnings between 61 cents and 65 cents due to a slightly higher share count.

Write to Doc Louallen at Doc.Louallen@wsj.com

(END) Dow Jones Newswires

May 27, 2026 17:20 ET (21:20 GMT)

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