Braze, Inc. (NASDAQ:BRZE) shares raced higher in Tuesday's extended trading after the company released its fourth-quarter earnings report, with better-than-expected revenue and a $100 million share buyback program.
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Q4 Details
Braze reported quarterly adjusted earnings of ten cents per share, which missed the consensus estimate of 14 cents, according to data from Benzinga Pro.
Quarterly revenue came in at $205.17 million, beating the Street’s estimate of $198.21 million.
Braze reported the following highlights:
- Delivered 28% revenue growth in the fourth quarter, 24% for the full fiscal year 2026.
- Trailing 12 month dollar-based net retention rose to 109% in the fourth quarter.
- Announced a $100 million share repurchase authorization, including a $50 million accelerated buyback.
CEO Commentary
“We finished the fiscal year with an exceptional Q4, accelerating year-over-year organic revenue growth for the third straight quarter while continuing to drive strong operating leverage across our global business,” said Bill Magnuson, CEO of Braze.
“In addition, we achieved an over 50% year-over-year increase in quarterly bookings, driven by significant strength in our enterprise segment and underscoring a fundamental market shift: the world’s largest and most sophisticated brands are choosing Braze as a foundational partner to drive their AI transformation during this period of intense disruption and opportunity,” Magnuson added.
Outlook
Braze expects fiscal 2027 adjusted EPS of 61 cents to 65 cents, versus the 63 cents analyst estimate, and revenue in a range of $884 million to $889 million, versus the $857.25 million estimate.
BRZE Stock Price: According to data from Benzinga Pro, Braze stock gained 16.54% to $21 in Tuesday's extended trading.
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