Braze recently released its 10-K report. Braze, Inc. operates a customer engagement platform used by brands to manage messaging and data across mobile, web, email, and other channels. The company, incorporated in 2011 and headquartered in New York, sells subscriptions tied to messaging volumes, monthly active users, platform access, and add-on products, and also provides professional services such as onboarding support and technical assistance.
In Item 7, Braze said revenue rose to $738.2 million in fiscal 2026 from $593.4 million in fiscal 2025 and $471.8 million in fiscal 2024, increases of 24.4% and 25.8%, respectively. Net losses were $130.8 million in fiscal 2026, compared with $104.0 million in fiscal 2025 and $130.4 million in fiscal 2024. Operating cash flow improved to $71.4 million from $36.7 million and $6.9 million, while non-GAAP free cash flow increased to $58.1 million from $19.6 million and a negative $6.5 million. Braze ended January 31, 2026 with 2,609 customers and about 8.0 billion monthly active users, up from 7.2 billion a year earlier. Its dollar-based net retention rate for the trailing 12 months was 109% overall and 110% for customers with at least $500,000 in ARR, down from 111% and 114% a year earlier. Customers with ARR of $500,000 or more increased to 333 from 247. About 45% of revenue came from outside the United States in fiscal 2026, unchanged from fiscal 2025 and up from 43% in fiscal 2024. Following these announcements, the company's shares moved -9.62%, and are now trading at a price of $23.03. For the full picture, make sure to review Braze's 10-K report.
