10 Stocks Took a Shocking Nosedive

3. Braze, Inc. (NASDAQ:BRZE)

Braze Inc. dropped its share prices by 17.65 percent on Friday to finish at $29.73 apiece as investors soured on its dismal earnings performance in the first quarter of fiscal year 2026.

In a statement, Braze, Inc. (NASDAQ:BRZE) said attributable net loss was unchanged at $35 million, despite revenues increasing by 20 percent to $162 million from $135 million, driven primarily by new customers, upsells, and renewals.

For the second quarter of the year, Braze, Inc. (NASDAQ:BRZE) is targeting to hit $171 million to $172 million in revenues, with a net income ranging from $2.5 million to $3.5 million.

The full-year period alone is expected to rake in between $702 million and $706 million in revenues, and a net income of $17 million to $21 million.

The company also welcomed Ed McDonnell as its new chief revenue officer.

“McDonnell has a strong track record of delivering results at high-growth public SaaS businesses, and we believe his extensive background in Software and Customer Engagement will further solidify Braze as the leading customer engagement platform and accelerate growth in the coming years,” said Braze, Inc. (NASDAQ:BRZE) CEO Bill Magnuson.