Braze

Q2 FY2027 EarningsQ2 FY27 beat consensus across top and bottom-line metrics, with revenue of $227.2M exceeding the $220.3M expected and normalized EPS of $0.15 beating the $0.16 mean (implied beat on lower loss). Revenue grew 26.2% YoY, driven by a 110% dollar-based net retention rate and strong expansion from existing customers (55.3% of growth). Free Cash Flow for the first half reached $48.5M, significantly higher than implied consensus for the period, supported by improved billing cycles and operating leverage.