Equity Profile

BRZE

BRAZE INC A

Information TechnologyApplication Software$2.6B

Sep3Thu

Pre-Earnings Brief

UpcomingQ2-2027After Close5:00 PM EDT

Company Snapshot

Braze, Inc. is a technology company that specializes in customer engagement software, helping businesses connect with their customers through personalized messaging....

Key Metrics to Watch

Customer Growth

This metric indicates how well Braze is expanding its client base, which is crucial for revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU helps assess how effectively Braze is monetizing its existing customers, impacting overall revenue.

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 that specializes in customer engagement software, helping businesses connect with their customers through personalized messaging. As a player in the information technology sector, Braze is positioned to benefit from trends in digital marketing and customer experience enhancement.

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 reacted negatively, declining by 3.42% the following day.

Management Promises & Guidance

Continue to enhance customer engagement features.
Focus on expanding into new markets.
Commit to improving customer retention strategies.

Expectations

Wall Street Expectations

Investors are keenly watching Braze's upcoming earnings report, particularly after a series of positive earnings surprises. The market is uncertain about whether the company can maintain its growth trajectory.

Bull Case

If Braze continues to show strong customer growth and retention, it could signal robust demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations for customer growth or ARPU, it could raise concerns about its ability to sustain revenue growth, negatively impacting the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate compared to previous quarters?

This will indicate whether Braze is successfully expanding its market presence, which is critical for future revenue.

How has the average revenue per user changed over the last quarter?

Changes in ARPU will provide insights into how well Braze is monetizing its customer base, impacting overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's ability to leverage its existing customer base for upselling, which could lead to higher ARPU than anticipated.

Supporting Evidence

Braze has consistently beaten EPS expectations, indicating stronger operational performance than modeled.

The options market is pricing in a significant move, suggesting that traders are anticipating a surprise.

Insider selling may indicate a strategic realignment rather than a lack of confidence in the company's future.

Key Risk

If customer growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Braze's ability to sustain its growth amid increasing competition and market challenges.

Bull Confirmed If

Customer growth rate of +15% YoY or better, with ARPU increasing by at least 10%.

Bear Confirmed If

Customer growth rate below 5% YoY or ARPU declining by more than 5%.

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, suggesting that traders expect high volatility around the earnings announcement.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$710,150.00

35,000 sh

1 insider

Net

$710,150.00

Net selling

Most Active Insiders· 1 open-market trade

General CounselWiseman Susan
$710,150.00
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations, history suggests the stock could rise by around 2.35% on the first day, confirming strong demand for its services.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 2.35% or more.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer growth rates and any new client acquisitions.
2Updates on product enhancements and their impact on user engagement.
3Insights into competitive positioning and market trends.
4Comments on ARPU trends and strategies for monetization.
5Management's outlook on future growth and market opportunities.

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Company Snapshot

Braze, Inc. is a technology company that specializes in customer engagement software, helping businesses connect with their customers through personalized messaging....

Key Metrics to Watch

Customer Growth

This metric indicates how well Braze is expanding its client base, which is crucial for revenue growth.

N/A

Average Revenue Per User (ARPU)

ARPU helps assess how effectively Braze is monetizing its existing customers, impacting overall revenue.

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

In the last quarter, Braze reported an earnings surprise with an EPS of $0.10, significantly beating expectations. However, the stock reacted negatively, declining by 3.42% the following day.

Management Promises & Guidance

Continue to enhance customer engagement features.
Focus on expanding into new markets.
Commit to improving customer retention strategies.

Expectations

Wall Street Expectations

Bull Case

If Braze continues to show strong customer growth and retention, it could signal robust demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations for customer growth or ARPU, it could raise concerns about its ability to sustain revenue growth, negatively impacting the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer growth rate compared to previous quarters?

This will indicate whether Braze is successfully expanding its market presence, which is critical for future revenue.

How has the average revenue per user changed over the last quarter?

Changes in ARPU will provide insights into how well Braze is monetizing its customer base, impacting overall financial health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's ability to leverage its existing customer base for upselling, which could lead to higher ARPU than anticipated.

Supporting Evidence

Braze has consistently beaten EPS expectations, indicating stronger operational performance than modeled.

The options market is pricing in a significant move, suggesting that traders are anticipating a surprise.

Insider selling may indicate a strategic realignment rather than a lack of confidence in the company's future.

Key Risk

If customer growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Braze's ability to sustain its growth amid increasing competition and market challenges.

Bull Confirmed If

Customer growth rate of +15% YoY or better, with ARPU increasing by at least 10%.

Bear Confirmed If

Customer growth rate below 5% YoY or ARPU declining by more than 5%.

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, suggesting that traders expect high volatility around the earnings announcement.

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$710,150.00

35,000 sh

1 insider

Net

$710,150.00

Net selling

Most Active Insiders· 1 open-market trade

General CounselWiseman Susan
$710,150.00
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations, history suggests the stock could rise by around 2.35% on the first day, confirming strong demand for its services.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 2.35% or more.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer growth rates and any new client acquisitions.
2Updates on product enhancements and their impact on user engagement.
3Insights into competitive positioning and market trends.
4Comments on ARPU trends and strategies for monetization.
5Management's outlook on future growth and market opportunities.