Equity Profile

BRZE

Braze, Inc.

Information TechnologyApplication Software$3.3B

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 communicate effectively with their users....

Key Metrics to Watch

Customer Engagement Growth

This metric indicates how well Braze is expanding its user base and retaining existing customers, which is vital for revenue growth.

N/A

Monthly Active Users (MAU)

Tracking MAU helps gauge the platform's usage and popularity, which directly impacts revenue potential.

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 communicate effectively with their users. As part of the information technology sector, Braze plays a crucial role in the growing demand for personalized marketing and customer relationship management solutions.

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 EPS of $0.10, significantly beating expectations. However, the stock declined by 3.42% the following day, indicating mixed investor sentiment despite the positive earnings.

Management Promises & Guidance

Focus on expanding customer engagement features.
Commitment to improving user retention rates.
Plans to enhance analytics capabilities for better customer insights.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Braze's upcoming earnings, given its history of beating EPS estimates. However, there are concerns about revenue growth and market competition.

Bull Case

If Braze continues its trend of exceeding EPS expectations, it could signal strong operational performance and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to show significant revenue growth or if user engagement metrics decline, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of Monthly Active Users (MAU) this quarter?

MAU growth is a key indicator of Braze's market penetration and customer retention, which will be closely watched by investors.

How has Average Revenue Per User (ARPU) changed compared to the previous quarter?

Changes in ARPU will provide insights into Braze's pricing strategy and its ability to monetize its user base effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Braze's recent product enhancements on user engagement, leading to stronger-than-expected MAU growth this quarter.

Supporting Evidence

Braze's recent focus on advanced analytics could drive higher user retention rates.

Options pricing indicates a significant move, suggesting traders expect a surprise in either direction.

Key Risk

If MAU growth exceeds 15%, it could challenge the current cautious sentiment and lead to a positive reassessment of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Braze's ability to sustain user growth and profitability amidst increasing competition in the customer engagement space.

Bull Confirmed If

A MAU growth rate of over 15% would confirm the bull case, indicating strong user engagement and market demand.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case, suggesting challenges in monetization.

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 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)

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 rise by around 2.35%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors reassess growth prospects.

Miss

If Braze misses on key metrics, history suggests a potential decline of around 2.35%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisition strategies.
2Insights into competitive pressures in the customer engagement space.
3Any commentary on product enhancements and their impact on user engagement.
4Details on customer retention rates and strategies to improve them.
5Management's outlook on market trends and future growth opportunities.

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Company Snapshot

Braze, Inc. is a technology company that specializes in customer engagement software, helping businesses communicate effectively with their users....

Key Metrics to Watch

Customer Engagement Growth

This metric indicates how well Braze is expanding its user base and retaining existing customers, which is vital for revenue growth.

N/A

Monthly Active Users (MAU)

Tracking MAU helps gauge the platform's usage and popularity, which directly impacts revenue potential.

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 expanding customer engagement features.
Commitment to improving user retention rates.
Plans to enhance analytics capabilities for better customer insights.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Braze's upcoming earnings, given its history of beating EPS estimates. However, there are concerns about revenue growth and market competition.

Bull Case

If Braze continues its trend of exceeding EPS expectations, it could signal strong operational performance and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to show significant revenue growth or if user engagement metrics decline, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the growth rate of Monthly Active Users (MAU) this quarter?

MAU growth is a key indicator of Braze's market penetration and customer retention, which will be closely watched by investors.

How has Average Revenue Per User (ARPU) changed compared to the previous quarter?

Changes in ARPU will provide insights into Braze's pricing strategy and its ability to monetize its user base effectively.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Braze's recent product enhancements on user engagement, leading to stronger-than-expected MAU growth this quarter.

Supporting Evidence

Braze's recent focus on advanced analytics could drive higher user retention rates.

Options pricing indicates a significant move, suggesting traders expect a surprise in either direction.

Key Risk

If MAU growth exceeds 15%, it could challenge the current cautious sentiment and lead to a positive reassessment of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Braze's ability to sustain user growth and profitability amidst increasing competition in the customer engagement space.

Bull Confirmed If

A MAU growth rate of over 15% would confirm the bull case, indicating strong user engagement and market demand.

Bear Confirmed If

A decline in ARPU below $50 would confirm the bear case, suggesting challenges in monetization.

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 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)

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 rise by around 2.35%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see muted movement as investors reassess growth prospects.

Miss

If Braze misses on key metrics, history suggests a potential decline of around 2.35%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new customer acquisition strategies.
2Insights into competitive pressures in the customer engagement space.
3Any commentary on product enhancements and their impact on user engagement.
4Details on customer retention rates and strategies to improve them.
5Management's outlook on market trends and future growth opportunities.