Equity Profile

BRZE

Braze, Inc.

Information TechnologyApplication Software$3.0B

Sep3Thu

Pre-Earnings Brief

UpcomingQ2-2027After Close5:00 PM EDT

Company Snapshot

Braze, Inc. is a technology company specializing in application software that helps businesses engage with their customers through personalized messaging and marketing....

Key Metrics to Watch

Customer Growth Rate

This metric indicates how effectively Braze is expanding its user base, which is vital for future revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to monetize its existing customer base, which is critical for profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BRZE Q2-2027 Earnings Preview

Context

Company Snapshot

Braze, Inc. is a technology company specializing in application software that helps businesses engage with their customers through personalized messaging and marketing. As part of the Information Technology sector, Braze plays a crucial role in the growing trend of customer engagement and retention strategies in a digital-first world.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+138.03%

Avg Stock Reaction

-0.46%

Last Quarter Recap

In the last quarter, Braze reported an earnings surprise with an EPS of $0.10, significantly beating expectations. However, the stock price fell by 3.42% the following day, indicating market skepticism despite the positive earnings.

Management Promises & Guidance

Continued focus on expanding customer engagement solutions.
Commitment to improving user experience and product offerings.
Plans to enhance marketing strategies to drive user acquisition.

Expectations

Wall Street Expectations

Overall, Wall Street is cautiously optimistic about Braze's upcoming earnings, especially given its history of beating earnings estimates. However, there is concern about whether the company can sustain its growth momentum amidst increasing competition.

Bull Case

The optimistic view hinges on Braze continuing its trend of strong earnings surprises, which could lead to increased investor confidence and a potential rise in stock price.

Bear Case

On the other hand, if Braze fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate and how does it compare to previous quarters?

This will provide insight into Braze's ability to attract new users and sustain its growth trajectory.

What is the average revenue per user (ARPU) this quarter?

ARPU is critical for understanding how well Braze is monetizing its customer base, which directly impacts profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Braze to significantly increase its ARPU due to new product offerings that enhance customer engagement.

Supporting Evidence

Braze has consistently beaten earnings estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a high volatility move, suggesting that traders expect significant news or developments.

Historical trends show that Braze has a strong track record of customer retention, which could lead to increased revenue per user.

Key Risk

If ARPU comes in below expectations, it could undermine the bullish sentiment surrounding Braze's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around Braze's ability to maintain its growth momentum in a competitive landscape.

Bull Confirmed If

A customer growth rate exceeding 20% would confirm strong demand for Braze's services.

Bear Confirmed If

A decline in ARPU or customer growth rate below 10% would signal potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±43.5%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect a volatile reaction to the earnings report.

Options are pricing ±43.5% while BRZE has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

71.8%

Calls (678K)P/C Ratio: 0.26Puts (211K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations, history suggests the stock could rise around 2.35% on the first day post-earnings, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience modest fluctuations.

Miss

Should Braze miss expectations, history suggests a potential decline of around 2.35%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Insights into new product features that could drive user engagement.
3Any commentary on competitive pressures in the application software market.
4Details on international expansion plans and their impact on growth.
5Management's outlook on future revenue growth and profitability.

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Company Snapshot

Braze, Inc. is a technology company specializing in application software that helps businesses engage with their customers through personalized messaging and marketing....

Key Metrics to Watch

Customer Growth Rate

This metric indicates how effectively Braze is expanding its user base, which is vital for future revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to monetize its existing customer base, which is critical for profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BRZE Q2-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+138.03%

Avg Stock Reaction

-0.46%

Last Quarter Recap

Management Promises & Guidance

Continued focus on expanding customer engagement solutions.
Commitment to improving user experience and product offerings.
Plans to enhance marketing strategies to drive user acquisition.

Expectations

Wall Street Expectations

Bull Case

The optimistic view hinges on Braze continuing its trend of strong earnings surprises, which could lead to increased investor confidence and a potential rise in stock price.

Bear Case

On the other hand, if Braze fails to meet expectations or shows signs of slowing growth, it could lead to a significant drop in stock price, especially given the high implied volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate and how does it compare to previous quarters?

This will provide insight into Braze's ability to attract new users and sustain its growth trajectory.

What is the average revenue per user (ARPU) this quarter?

ARPU is critical for understanding how well Braze is monetizing its customer base, which directly impacts profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Braze to significantly increase its ARPU due to new product offerings that enhance customer engagement.

Supporting Evidence

Braze has consistently beaten earnings estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a high volatility move, suggesting that traders expect significant news or developments.

Historical trends show that Braze has a strong track record of customer retention, which could lead to increased revenue per user.

Key Risk

If ARPU comes in below expectations, it could undermine the bullish sentiment surrounding Braze's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around Braze's ability to maintain its growth momentum in a competitive landscape.

Bull Confirmed If

A customer growth rate exceeding 20% would confirm strong demand for Braze's services.

Bear Confirmed If

A decline in ARPU or customer growth rate below 10% would signal potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±43.5%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect a volatile reaction to the earnings report.

Options are pricing ±43.5% while BRZE has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

71.8%

Calls (678K)P/C Ratio: 0.26Puts (211K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations, history suggests the stock could rise around 2.35% on the first day post-earnings, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience modest fluctuations.

Miss

Should Braze miss expectations, history suggests a potential decline of around 2.35%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Insights into new product features that could drive user engagement.
3Any commentary on competitive pressures in the application software market.
4Details on international expansion plans and their impact on growth.
5Management's outlook on future revenue growth and profitability.