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Top of the Morning
9:40 am — BRZE +4.4%
By Tim Beyers
Team Rule Breakers
Shares of Braze (BRZE +4.75%) soared close to 20% yesterday on better-than-expected top line results and a promising forecast. And yet more improvements are needed if this company is to deliver for shareholders over the long term.
Let’s start with the good news. Revenue jumped 27.9% to $205.2 million, beating expectations of $198.22 million, according to S&P Global Market Intelligence. Cash from operations roughly doubled over the full fiscal year, to $71.4 million. Braze is starting to build some financial muscle.
Trouble is there’s a lot more work to do. Building a real-time messaging platform for marketing and customer engagement isn’t cheap. Operating losses widened in both the fourth quarter and the full fiscal year.
Rising R&D expense (+34%) contributed heavily to those losses. Getting customers to commit was costly too. Braze earned $3.24 in fresh revenue for every incremental $1 of investment in sales and marketing in fiscal 2026, down 6.4% from $3.46 in fiscal 2025.
Reversing that trend permanently is key to generating the cash flows that will power the returns shareholders crave.
Today’s Change
Current Price
Opening Bell
9:35 am
The Dow fell 233 points Thursday as Brent crude futures jumped 4% to over $106, erasing recent optimism. Market volatility spiked after President Trump warned Iranian negotiators to “get serious” before a looming five-day deadline, stating there would be “no turning back.” While the S&P 500 and Nasdaq shed 0.8% and 1.2%, respectively, Gulf nations issued a joint condemnation of strikes on energy infrastructure, further tightening global supply. Investors are currently weighing whether Iran’s public rejection of U.S. proposals is a “smokescreen” or a genuine signal of prolonged conflict that could keep West Texas Intermediate above $93.
This article was created using Large Language Models (LLMs) based on The Motley Fool’s insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. Tim Beyers has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Braze. The Motley Fool has a disclosure policy.
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