secwatch.observer — SEC 8-K summary
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Issuer:     Braze, Inc. (BRZE)
CIK:        0001676238
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001676238-24-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Braze Q1 revenue $135.5M (+33% YoY); net loss per share $0.35; guides Q2 rev $140.5-141.5M
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- Revenue $135.5M, up 33.1% YoY; subscription revenue $130.1M; impacted by $0.8M reserve for April outage.
- GAAP net loss per share $0.35 (improved from $0.40); non-GAAP net loss per share $0.05 (from $0.13).
- Dollar-based net retention 117% overall; customers with ARR≥$500k retention 119%. Total customers 2,102.
- Free cash flow $11.4M (down from $21.7M); cash & securities $487.7M; RPO $657.3M.
- Q2 FY2025 guidance: revenue $140.5-141.5M, non-GAAP operating loss $(6.5)-(7.5)M. Full year revenue $577-581M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1676238/000167623824000101/0001676238-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1676238/000167623824000101/brz-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001676238-24-000101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer