Marketing software provider Braze's Q3 revenue beats expectations as customer count grows

Braze

09/12/2025 21:18

Overview

Customer engagement platform's fiscal Q3 revenue grew 25.5%, beating analyst expectations

Company achieved non-GAAP operating income despite GAAP operating loss

Large customer count increased by 29% yr/yr

Outlook

Braze expects Q4 revenue between $197.5 mln and $198.5 mln

Company forecasts full-year revenue between $730.5 mln and $731.5 mln

Braze anticipates Q4 non-GAAP net income per share of $0.13 to $0.14

Result Drivers

REVENUE GROWTH - Driven by new customers, upsells, and renewals, revenue increased by 25.5% yr/yr

LARGE CUSTOMER GROWTH - Large customer count increased by 29% yr/yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$190.84 mln
$183.60 mln (19 Analysts)
Q3 EPS
-$0.33
Q3 Net Income
-$35.80 mln
Q3 Gross Profit
$128.21 mln
Q3 Operating Income
-$37.55 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Braze Inc is $43.00, about 43.2% above its December 8 closing price of $30.03

The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 98 three months ago

Press Release: ID:nBw1XKvdHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)