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 that specializes in customer engagement software, helping businesses connect with their users through personalized messaging and marketing....

Key Metrics to Watch

Customer Growth Rate

This metric reflects how well Braze is attracting new clients, which is vital for revenue growth.

N/A

Monthly Active Users

Tracking the number of active users helps gauge the platform's engagement and overall health.

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 users through personalized messaging and marketing. As part of the information technology sector, Braze plays a crucial role in the growing demand for effective digital communication strategies, especially in a landscape increasingly driven by data and customer experience.

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 Q1-2027, Braze reported an earnings per share (EPS) of $0.10, significantly beating expectations of a loss. However, the stock fell by 3.42% the following day, indicating some market skepticism despite the positive surprise.

Management Promises & Guidance

Continued focus on expanding customer base and enhancing user engagement features.
Commitment to improving ARPU through upselling and cross-selling strategies.
Plans to invest in product development to stay ahead of competitors.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Braze's upcoming earnings, given its history of beating EPS estimates. However, investors are wary of potential revenue growth challenges.

Bull Case

If Braze continues its trend of beating EPS estimates and shows strong customer growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to demonstrate significant user engagement or revenue growth, it may lead to a decline in investor confidence and stock price.

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 indicate whether Braze is successfully expanding its market presence, which is crucial for future revenue.

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

Changes in ARPU will provide insights into the company's pricing strategy and customer engagement effectiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's potential for customer growth due to its innovative features that differentiate it from competitors.

Supporting Evidence

Braze's consistent EPS beats suggest strong operational execution despite market challenges.

The options market's high implied volatility indicates that traders expect a significant move, which could be based on upcoming product launches.

Historical data shows a pattern of positive surprises that may not be fully factored into current expectations.

Key Risk

If customer growth exceeds 15%, it could invalidate bearish sentiment and lead to a significant upward revision of future estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Braze's ability to attract and retain customers in a competitive landscape.

Bull Confirmed If

A customer growth rate exceeding 15% would confirm strong demand and support a bullish outlook.

Bear Confirmed If

A customer growth rate below 5% would raise concerns about market competitiveness and growth sustainability.

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 in either direction, suggesting high uncertainty around 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 5 of 10 (50%)

This setup has occurred 30 times across Information Technology in the last 2 years. 5 of 10 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.3%, with a raw directional average of -0.4% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations and raises guidance, history suggests the stock could see a positive reaction of around 2.35%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted response.

Miss

If Braze misses expectations, history suggests a potential decline of around 0.46% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisition strategies and their effectiveness.
2Any insights into product enhancements and their impact on user engagement.
3Management's outlook on competitive pressures in the customer engagement space.
4Details on any changes in pricing strategy and its effect on ARPU.
5Comments on market trends that could influence future growth.

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Company Snapshot

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

Key Metrics to Watch

Customer Growth Rate

This metric reflects how well Braze is attracting new clients, which is vital for revenue growth.

N/A

Monthly Active Users

Tracking the number of active users helps gauge the platform's engagement and overall health.

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 base and enhancing user engagement features.
Commitment to improving ARPU through upselling and cross-selling strategies.
Plans to invest in product development to stay ahead of competitors.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Braze's upcoming earnings, given its history of beating EPS estimates. However, investors are wary of potential revenue growth challenges.

Bull Case

If Braze continues its trend of beating EPS estimates and shows strong customer growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to demonstrate significant user engagement or revenue growth, it may lead to a decline in investor confidence and stock price.

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 indicate whether Braze is successfully expanding its market presence, which is crucial for future revenue.

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

Changes in ARPU will provide insights into the company's pricing strategy and customer engagement effectiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's potential for customer growth due to its innovative features that differentiate it from competitors.

Supporting Evidence

Braze's consistent EPS beats suggest strong operational execution despite market challenges.

The options market's high implied volatility indicates that traders expect a significant move, which could be based on upcoming product launches.

Historical data shows a pattern of positive surprises that may not be fully factored into current expectations.

Key Risk

If customer growth exceeds 15%, it could invalidate bearish sentiment and lead to a significant upward revision of future estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Braze's ability to attract and retain customers in a competitive landscape.

Bull Confirmed If

A customer growth rate exceeding 15% would confirm strong demand and support a bullish outlook.

Bear Confirmed If

A customer growth rate below 5% would raise concerns about market competitiveness and growth sustainability.

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 in either direction, suggesting high uncertainty around 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 5 of 10 (50%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Braze beats expectations and raises guidance, history suggests the stock could see a positive reaction of around 2.35%.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted response.

Miss

If Braze misses expectations, history suggests a potential decline of around 0.46% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisition strategies and their effectiveness.
2Any insights into product enhancements and their impact on user engagement.
3Management's outlook on competitive pressures in the customer engagement space.
4Details on any changes in pricing strategy and its effect on ARPU.
5Comments on market trends that could influence future growth.