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 A is a technology company specializing in application software that helps businesses engage with their customers through personalized messaging. As a player in the Information Technology sector, Braze is positioned in a growing market focused on customer engagement and retention, which is increasingly important in today's digital landscape.

Key Metrics to Watch

Customer Growth Rate

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

N/A

Average Revenue Per User (ARPU)

ARPU helps assess how much revenue Braze generates from each customer, reflecting the company's pricing strategy and customer value.

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 Q1 2027, Braze reported earnings per share of $0.10, significantly beating expectations by 139.37%. Despite this positive surprise, the stock fell 3.42% the following day, indicating market skepticism.

Management Promises & Guidance

Focus on improving customer engagement strategies.
Commitment to enhancing product features based on user feedback.
Plans to expand into new markets to drive growth.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Braze's upcoming earnings, especially given its history of beating estimates. However, the lack of analyst estimates and management guidance adds uncertainty.

Bull Case

If Braze continues its trend of beating earnings expectations, it could signal strong operational performance and customer demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline 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 expected customer growth rate for the upcoming quarter?

This will indicate how well Braze is attracting new customers, which is essential for future revenue growth.

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

Understanding customer retention is crucial for assessing the company's long-term viability and revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's ability to sustain high growth rates despite market challenges, as evidenced by its consistent earnings surprises.

Supporting Evidence

Braze has a 100% EPS beat rate over the last eight quarters, indicating strong operational execution.

The options market is pricing in a large move, suggesting that traders expect significant volatility, which could be driven by positive news.

Insider selling activity may not reflect a lack of confidence in the company's future prospects.

Key Risk

If customer growth exceeds 30%, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Braze's ability to maintain its growth trajectory while managing customer retention effectively.

Bull Confirmed If

A customer growth rate exceeding 25% would confirm the bull case, indicating strong demand for Braze's services.

Bear Confirmed If

A churn rate above 10% would confirm the bear case, suggesting issues with customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±43.5%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect substantial volatility 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).

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 an average of 2.35%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If Braze misses expectations, the stock could drop by an average of 0.46%, reflecting market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Details on product enhancements and how they are being received by users.
3Insights into market expansion efforts and potential new partnerships.
4Any commentary on competitive pressures and how Braze plans to address them.
5Management's outlook on future revenue growth and customer retention strategies.

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Company Snapshot

Key Metrics to Watch

Customer Growth Rate

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

N/A

Average Revenue Per User (ARPU)

ARPU helps assess how much revenue Braze generates from each customer, reflecting the company's pricing strategy and customer value.

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

Focus on improving customer engagement strategies.
Commitment to enhancing product features based on user feedback.
Plans to expand into new markets to drive growth.

Expectations

Wall Street Expectations

Bull Case

If Braze continues its trend of beating earnings expectations, it could signal strong operational performance and customer demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline 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 expected customer growth rate for the upcoming quarter?

This will indicate how well Braze is attracting new customers, which is essential for future revenue growth.

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

Understanding customer retention is crucial for assessing the company's long-term viability and revenue stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Braze's ability to sustain high growth rates despite market challenges, as evidenced by its consistent earnings surprises.

Supporting Evidence

Braze has a 100% EPS beat rate over the last eight quarters, indicating strong operational execution.

The options market is pricing in a large move, suggesting that traders expect significant volatility, which could be driven by positive news.

Insider selling activity may not reflect a lack of confidence in the company's future prospects.

Key Risk

If customer growth exceeds 30%, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Braze's ability to maintain its growth trajectory while managing customer retention effectively.

Bull Confirmed If

A customer growth rate exceeding 25% would confirm the bull case, indicating strong demand for Braze's services.

Bear Confirmed If

A churn rate above 10% would confirm the bear case, suggesting issues with customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±43.5%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect substantial volatility 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%)

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 an average of 2.35%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

If Braze misses expectations, the stock could drop by an average of 0.46%, reflecting market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer acquisition strategies and their effectiveness.
2Details on product enhancements and how they are being received by users.
3Insights into market expansion efforts and potential new partnerships.
4Any commentary on competitive pressures and how Braze plans to address them.
5Management's outlook on future revenue growth and customer retention strategies.