Braze, Inc. announced its financial results for the fiscal quarter ended July 31, 2026, reporting a 26.2% year-over-year increase in revenue to $227.2 million. The company reported a record second quarter free cash flow of $21.7 million, up from $3.5 million in the prior year period.
Subscription revenue for the quarter was $207.7 million, while professional services and other revenue totaled $19.6 million. The company reported a GAAP operating loss of $18.1 million, which included $35.7 million in stock-based compensation expense. On a non-GAAP basis, the company reported operating income of $22.0 million.
Customer metrics showed growth, with total customers increasing to 2,789 as of July 31, 2026, from 2,422 a year prior. Braze also reported a dollar-based net retention rate of 110% for all customers and 112% for customers with annual recurring revenue (ARR) of $500,000 or more.
As of July 31, 2026, the company’s remaining performance obligations totaled $1,092.5 million, with $691.1 million classified as current. Braze initiated guidance for the fiscal third quarter ending October 31, 2026, projecting revenue between $229.0 million and $230.0 million.
