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- Material Weakness (worsened) — IT control weakness continues unresolved from prior year; remediation timeline extended by ~12 months to FY2027 with added uncertainty language that completion cannot be guaranteed.
Braze revenue jumps 30% to $211M, but control weakness drags into 2027; $50M buyback launched
Filed May 28, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 6, 2025 · ~2 min read
Key Changes
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high
Material weakness in IT controls persists for second year; remediation timeline extended from Q4 FY2026 to full FY2027 with no guaranteed completion date. Company hired additional personnel for control oversight.
Controls & Procedures verify on EDGAR → -
high
Revenue accelerated to 30% YoY growth ($211M vs $162M), up from 20% prior year. Net loss improved 28% to $25.5M. Customer count rose 16% to 2,713; monthly active users grew 18% to 8.5B.
MD&A: Financial Performance verify on EDGAR → -
high
Board authorized $100M share repurchase program; company executed $50M accelerated buyback in March 2026, taking delivery of 1.7M shares. Cash and marketable securities declined 27% to $391.5M.
MD&A: Capital Allocation verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 29, 2026 · How we verify