Kindsight Welcomes Hemant Kashyap as Chief Product Officer
Fundraising industry leader continues to accelerate innovation and growth through bold leadership hires and a people-first workplace culture.
SAN FRANCISCO, June 3, 2025 /PRNewswire/ - Fundraising software innovator Kindsight is thrilled to announce that Hemant Kashyap has joined the company as Chief Product Officer. With over 25 years of experience leading product and technology teams at high-growth SaaS companies, Hemant's arrival represents an inflection point in Kindsight's continued mission to modernize fundraising solutions with smarter, more impactful tools.
Hemant's impressive career includes leadership roles at prominent organizations such as Clio and ServiceTitan where he oversaw the launch of several highly successful new products and led their expansion into multiple new markets. His experience also spans tenures at global leaders like Motorola and IBM.
'I'm honored to join Kindsight at such an exciting time in its growth. The opportunity to lead a team dedicated to building innovative, impactful tools for the fundraising community is incredibly inspiring,' says Hemant. 'My goal is to build products that not only meet the evolving needs of fundraising teams, but exceed expectations - empowering them to drive greater impact with less friction.'
A pivotal moment of innovation to modernize fundraising
Hemant Kashyap joins Kindsight during an exciting period of growth and innovation. The fundraising software provider recently launched its groundbreaking Fundraising Platform, the only fundraising CRM powered by real-time donor intelligence. By replacing traditional approaches with data-driven insights and automation, Kindsight is redefining what's possible in the fundraising space.
'Hemant has a remarkable ability to align innovation with the specific needs of those he serves,' says Ross Beattie, CEO of Kindsight. 'His extensive experience in scaling SaaS platforms, introducing cutting-edge solutions, and building dynamic teams will ensure we deliver precisely what the fundraising community requires to succeed.'
Building a culture for future growth and excellence
This appointment follows recent certifications of both Kindsight USA and Canada as a 'Great Place to Work®" for 2025. The globally recognized honor reflects the company's unwavering dedication to fostering an inclusive, engaging, and rewarding workplace culture.
The company's investment in its internal culture mirrors its commitment to elevating the experience of its clients. This philosophy of care and excellence earned Kindsight a 2025 Stevie Award for Sales and Customer Service, a testament to the impact of extending its collaborative and empowering culture.
Great Place To Work® is regarded as the global authority on workplace culture, employee experience, and leadership practices proven to drive innovation, employee engagement, and market success. Kindsight's satisfaction survey highlighted a whopping 84% of employees believe Kindsight is a Great Place to Work, highlighting a strong confidence in the executive team, strong direct manager relationships, and fair treatment across the company. With strong community support, meaningful recognition, and a commitment to work-life balance, Kindsight creates an environment where employees thrive and feel inspired to contribute to meaningful change.
About Kindsight
Kindsight builds technology that helps nonprofits make a difference. For decades, Kindsight has supported the education, healthcare, and nonprofit sectors with fundraising tools and the largest charitable giving database on the market. And as the giving sector evolves, so does Kindsight. As the leader in fundraising intelligence, Kindsight leverages real-time data and AI to help thousands of organizations around the world identify, manage, and engage with donors—at any scale. Kindsight's ascend is a purpose-built constituent management software that corrals all of that donor information and campaign tracking into one place. Kindsight's iwave is a donor prospect research tool that offers proactive insights and real-time donor intel, with 1.5 billion wealth and philanthropic records. Meanwhile, Kindsight's generative AI builds campaigns and creates personalized, meaningful content drafts at scale—in your unique voice and tone. Kindsight's Fundraising Platform pulls all this functionality into one place, offering the first and only fundraising CRM with built-in donor scores and insights, powered by data from trusted external sources.
Kindsight is truly changing the game for donor fundraising. Connect your story to donors who care about your cause—at any scale, in real time—that's the power of Kindsight. Learn more at kindsight.io.
For media inquiries, please contact: [email protected]
View original content to download multimedia: https://www.prnewswire.com/news-releases/kindsight-welcomes-hemant-kashyap-as-chief-product-officer-302469747.html
SOURCE Kindsight
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Braze Reports Fiscal First Quarter 2026 Results
Hires Seasoned Veteran SaaS Revenue Leader as Chief Revenue Officer Completes acquisition of OfferFit, an AI decisioning company NEW YORK, June 05, 2025--(BUSINESS WIRE)--Braze (Nasdaq: BRZE) the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced results for its fiscal quarter ended April 30, 2025. "We are off to a good start in fiscal year 2026, delivering strong revenue growth, profitability, and free cash flow in an ever-changing environment," said Bill Magnuson, Cofounder and CEO of Braze. "I'm also excited to announce that Ed McDonnell will be joining Braze in July to lead all aspects of our global revenue operations. 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." Fiscal First Quarter 2026 Financial Highlights Revenue was $162.1 million compared to $135.5 million in the first quarter of the fiscal year ended January 31, 2025, up 19.6% year-over year, driven primarily by new customers, upsells, and renewals. Subscription revenue in the quarter was $154.9 million compared to $130.1 million in the first quarter of the fiscal year ended January 31, 2025, and professional services and other revenue was $7.2 million compared to $5.4 million in the first quarter of the fiscal year ended January 31, 2025. Remaining performance obligations as of April 30, 2025 were $829.3 million, of which $522.2 million is current, which the company defines as less than one year. GAAP gross margin was 68.6% compared to 67.1% in the first quarter of the fiscal year ended January 31, 2025. Non-GAAP gross margin was 69.3% compared to 67.9% in the first quarter of the fiscal year ended January 31, 2025. Dollar-based net retention for all customers for the trailing 12 months ended April 30, 2025 and April 30, 2024 was 109% and 117%, respectively; dollar-based net retention for customers with annual recurring revenue (ARR) of $500,000 or more was 112% compared to 119% in the first quarter of the fiscal year ended January 31, 2025. Total customers increased to 2,342 as of April 30, 2025 from 2,102 as of April 30, 2024; 262 of the company's customers had ARR of $500,000 or more as of April 30, 2025, compared to 212 customers as of April 30, 2024. GAAP operating loss was $40.2 million compared to an operating loss of $40.1 million in the first quarter of the fiscal year ended January 31, 2025. A primary contributor to the operating loss in the quarter included $30.4 million of stock-based compensation expense. Non-GAAP operating income was $2.8 million compared to a loss of $10.0 million in the first quarter of the fiscal year ended January 31, 2025. GAAP net loss per share attributable to Braze common stockholders, basic and diluted, of $0.34 based on 104.6 million weighted average shares outstanding in the first quarter of the fiscal year ended January 31, 2026, compared to GAAP net loss per share attributable to Braze common stockholders, basic and diluted, of $0.35, based on 100.8 million weighted average shares outstanding in the first quarter of the fiscal year ended January 31, 2025. Non-GAAP net income per share attributable to Braze common stockholders, diluted, was $0.07 based on 108.0 million weighted average shares outstanding in the first quarter of the fiscal year ended January 31, 2026, compared to non-GAAP net loss per share attributable to Braze common stockholders, basic and diluted, of $0.05 based on 100.8 million weighted average shares outstanding in the first quarter of the fiscal year ended January 31, 2025. Net cash provided by operating activities was $24.1 million compared to net cash provided by operating activities of $19.4 million in the first quarter of the fiscal year ended January 31, 2025. Free cash flow was $22.9 million compared to $11.4 million in the first quarter of the fiscal year ended January 31, 2025. Total cash and cash equivalents, restricted cash, and marketable securities was $539.8 million as of April 30, 2025 compared to $514.0 million as of January 31, 2025. Recent Business Highlights Notable new business wins in the quarter included Beyond, Inc., Chamberlain Group, an intelligence access leader, Evite, Freshket, Fubo, LUSH Cosmetics, Njuškalo, and ThredUp. Closed the acquisition of AI Decisioning Engine OfferFit, which will allow brands to benefit from complementary products and frontier technologies that can transform customer relationships and deliver value to their businesses. Introduced two dynamic new messaging channels - RCS and Banners - and a new Canvas step to help marketers create more immersive and responsive customer journeys. Announced hiring of Ed McDonnell as Chief Revenue Officer, effective early July. Science Based Target Initiative officially approved Braze's near-term emissions reduction targets, reinforcing its commitment to aligning with globally recognized standards for carbon emissions reductions and further advancing Braze's sustainability program. Financial Outlook Braze is initiating guidance for the fiscal second quarter ending July 31, 2025, and updating guidance for the fiscal year ending January 31, 2026. Metric (in millions, except per share amounts) FY 2026 Q2 Guidance FY 2026 Guidance Revenue $171.0 - 172.0 $702.0 - 706.0 Non-GAAP operating income $0.5 - 1.5 $5.5 - 9.5 Non-GAAP net income $2.5 - 3.5 $17.0 - 21.0 Non-GAAP net income per share, diluted $0.02 - 0.03 $0.15 - 0.18 Weighted average common shares used in computing non-GAAP net income per share, diluted ~113.0 ~115.0 Braze has not reconciled its guidance as to non-GAAP operating income (loss), non-GAAP net income or non-GAAP net income per share to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in Braze's stock price. Accordingly, reconciliations are not available without unreasonable effort, although it is important to note that these factors could be material to Braze's results calculated in accordance with GAAP. Conference Call Information: What: Braze Fiscal First Quarter 2026 Financial Results Conference CallWhen: Thursday, June 5th at 4:30 pm EDT / 1:30 pm PDTWebcast & Supplemental Data: A webcast replay will be available on Braze's investor site at Supplemental and Other Financial Information Supplemental information, including an accompanying financial presentation and other information can be accessed through Braze's investor website at Non-GAAP Financial Measures This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit and margin, non-GAAP sales and marketing expense, non-GAAP research and development expense, non-GAAP general and administrative expense, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, basic and diluted, and non-GAAP free cash flow. Braze defines non-GAAP gross profit and margin, non-GAAP sales and marketing expense, non-GAAP research and development expense, non-GAAP general and administrative expense, non-GAAP operating income (loss), non-GAAP operating margin, and non-GAAP net income (loss) as the respective GAAP balances, adjusted for stock-based compensation expense, employer taxes related to stock-based compensation, charitable contribution expense, contingent consideration adjustments, acquisition related expense, and amortization of intangible assets. Braze defines non-GAAP free cash flow as net cash provided by (used in) operating activities, minus purchases of property and equipment and minus capitalized internal-use software costs. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. Braze uses this non-GAAP financial information internally in analyzing its financial results and believes that this non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with generally accepted accounting principles in the United States (GAAP), and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in Braze's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by Braze's management about which expenses are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below in the financial statement tables included below in this press release for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Braze encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly and fiscal year financial results, including this press release, and not to rely on any single financial measure to evaluate Braze's business. Definition of Other Business Metrics Customer: Braze defines a customer, as of period end, as the separate and distinct, ultimate parent-level entity that has an active subscription with Braze to use its products. A single organization could have multiple distinct contracting divisions or subsidiaries, all of which together would be considered a single customer. Annual Recurring Revenue (ARR): Braze defines ARR as the annualized value of customer subscription contracts, including certain premium professional services that are subject to contractual subscription terms, as of the measurement date, assuming any contract that expires during the next 12 months is renewed on its existing terms (including contracts for which Braze is negotiating a renewal). Braze's calculation of ARR is not adjusted for the impact of any known or projected future events (such as customer cancellations, expansion or contraction of existing customers relationships or price increases or decreases) that may cause any such contract not to be renewed on its existing terms. ARR may decline or fluctuate as a result of a number of factors, including customers' satisfaction or dissatisfaction with Braze's products and professional services, pricing, competitive offerings, economic conditions or overall changes in Braze's customers' spending levels. ARR should be viewed independently of revenue and does not represent Braze's GAAP revenue on an annualized basis or a forecast of revenue, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. Dollar-Based Net Retention Rate: Braze calculates dollar-based net retention rate as of a period end by starting with the ARR from a cohort of customers as of 12 months prior to such period-end (the Prior Period ARR). Braze then calculates the ARR from the same cohort of customers as of the end of the current period (the Current Period ARR). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers in the current period. Braze then divides the total Current Period ARR by the total Prior Period ARR to arrive at the point-in-time dollar-based net retention rate. Braze then calculates the weighted average point-in-time dollar-based net retention rates as of the last day of each month in the current trailing 12-month period to arrive at the dollar-based net retention rate. Remaining Performance Obligations: The transaction price allocated to remaining performance obligations represents amounts under non-cancelable contracts expected to be recognized as revenue in future periods, and may be influenced by several factors, including seasonality, the timing of renewals, the timing of service delivery and contract terms. Unbilled portions of the remaining performance obligation are subject to future economic risks including bankruptcies, regulatory changes and other market factors. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Braze's financial outlook for the second quarter of and the full fiscal year ended January 31, 2026 and the anticipated benefits from the acquisition of OfferFit, Inc. by Braze. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "anticipate," "believe," "could," "estimate," "expect," "goal," "hope," "intend," "may," might," "potential," "predict," "project," "shall," "should," "target," "will" and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on Braze's current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Braze's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: (1) the extent to which Braze achieves anticipated financial targets; (2) the impact of management and organizational changes on OfferFit's business; (3) the impact on OfferFit employees and Braze's ability to retain key personnel; (4) the effectiveness in integrating the OfferFit platform and operations with our business; (5) Braze's ability to realize its broader strategic and operating objectives; (6) unstable market and economic conditions may have serious adverse consequences on Braze's business, financial condition and share price; (7) Braze's recent rapid revenue growth may not be indicative of its future revenue growth; (8) Braze's history of operating losses; (9) Braze's limited operating history at its current scale; (10) Braze's ability to successfully manage its growth; (11) the accuracy of estimates of market opportunity and forecasts of market growth and the impact of global and domestic socioeconomic events on Braze's business; (12) Braze's ability and the ability of its platform to adapt and respond to changing customer or consumer needs, requirements or preferences; (13) Braze's ability to attract new customers and renew existing customers; (14) the competitive markets in which Braze participates and the intense competition that it faces; (15) Braze's ability to adapt and respond effectively to rapidly changing technology, evolving cybersecurity and data privacy risks, evolving industry standards or changing regulations; and (16) Braze's reliance on third-party providers of cloud-based infrastructure; as well as other risks and uncertainties discussed in the "Risk Factors" section of Braze's Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 31, 2025 and other subsequent filings Braze makes with the SEC from time to time, including Braze's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2025 that will be filed with the SEC. The forward-looking statements included in this press release represent Braze's views only as of the date of this press release and Braze assumes no obligation, and does not intend to update these forward-looking statements, except as required by law. About Braze Braze is the leading customer engagement platform that empowers brands to Be Absolutely Engaging.™ Braze allows any marketer to collect and take action on any amount of data from any source, so they can creatively engage with customers in real time, across channels from one platform. From cross-channel messaging and journey orchestration to Al-powered experimentation and optimization, Braze enables companies to build and maintain absolutely engaging relationships with their customers that foster growth and loyalty. The company has been recognized as a 2024 U.S. News & World Report Best Companies to Work For, 2024 Best Small & Medium Workplaces in Europe by Great Place to Work®, 2024 Fortune Best Workplaces for Women™ by Great Place to Work® and was named a Leader by Gartner® in the 2024 Magic Quadrant™ for Multichannel Marketing Hubs and a Strong Performer in The Forrester Wave™: Email Marketing Service Providers, Q3 2024. Braze is headquartered in New York with 15 offices across AMER, LATAM, EMEA, and APAC. Learn more at Braze uses its Investor website at as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor its investor relations website in addition to following its press releases, blog posts on its website ( SEC filings and public conference calls and webcasts. BRAZE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) Three Months Ended April 30, 2025 2024 Revenue $ 162,059 $ 135,459 Cost of revenue (1)(2) 50,857 44,548 Gross Profit 111,202 90,911 Operating expenses: Sales and marketing (1)(2) 74,127 69,827 Research and development (1)(2) 36,797 34,373 General and administrative (1)(2)(3)(4)(5)(6) 40,500 26,791 Total operating expenses 151,424 130,991 Loss from operations (40,222 ) (40,080 ) Other income, net 5,652 5,171 Loss before provision for income taxes (34,570 ) (34,909 ) Provision for income taxes 1,071 798 Net loss (35,641 ) (35,707 ) Net income (loss) attributable to redeemable non-controlling interest 145 (66 ) Net loss attributable to Braze, Inc. $ (35,786 ) $ (35,641 ) Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted $ (0.34 ) $ (0.35 ) Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic and diluted 104,572 100,788 (1) Includes stock-based compensation as follows: Three Months Ended April 30, 2025 2024 Cost of revenue $ 1,077 $ 964 Sales and marketing 10,011 9,445 Research and development 11,336 10,832 General and administrative 7,975 7,037 Total stock-based compensation expense $ 30,399 $ 28,278 (2) Includes employer taxes related to stock-based compensation as follows: Three Months Ended April 30, 2025 2024 Cost of revenue $ 60 $ 68 Sales and marketing 413 541 Research and development 744 836 General and administrative 213 297 Total employer taxes related to stock-based compensation expense $ 1,430 $ 1,742 (3) Includes 1% Pledge charitable donation expense as follows: Three Months Ended April 30, 2025 2024 General and administrative $ 1,109 $ — (4) Includes acquisition related expense as follows: Three Months Ended April 30, 2025 2024 General and administrative $ 10,020 $ — (5) Includes amortization of intangible assets acquired in the acquisition expense as follows: Three Months Ended April 30, 2025 2024 General and administrative $ 101 $ 218 (6) Includes adjustment to the fair value of the contingent consideration liability as follows: Three Months Ended April 30, 2025 2024 General and administrative $ — $ (137 ) BRAZE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share and per share amounts) April 30, 2025 January 31, 2025 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 231,499 $ 83,062 Accounts receivable, net of allowance of $3,231 and $2,563 at April 30, 2025 and January 31, 2025, respectively 86,093 95,234 Marketable securities 307,795 430,457 Prepaid expenses and other current assets 33,752 35,273 Total current assets 659,139 644,026 Restricted cash, noncurrent 530 530 Property and equipment, net 38,803 38,550 Operating lease right-of-use assets 76,060 76,147 Deferred contract costs 79,320 76,766 Goodwill 28,448 28,448 Intangible assets, net 3,029 3,130 Other assets 3,805 3,401 TOTAL ASSETS $ 889,134 $ 870,998 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,304 $ 2,150 Accrued expenses and other current liabilities 58,269 64,189 Deferred revenue 265,015 239,976 Operating lease liabilities, current 19,275 18,162 Total current liabilities 343,863 324,477 Operating lease liabilities, noncurrent 68,036 69,278 Other long-term liabilities 2,776 2,494 TOTAL LIABILITIES 414,675 396,249 COMMITMENTS AND CONTINGENCIES (Note 13) Redeemable non-controlling interest (Note 4) 33 (112 ) STOCKHOLDERS' EQUITY Class A common stock, $0.0001 par value; 2,000,000,000 and 2,000,000,000 shares authorized as of April 30, 2025 and January 31, 2025, respectively; 91,844,313 and 87,934,059 shares issued and outstanding as of April 30, 2025 and January 31, 2025, respectively 9 8 Class B common stock, $0.0001 par value; 110,000,000 and 110,000,000 shares authorized as of April 30, 2025 and January 31, 2025, respectively; 13,022,634 and 16,017,314 shares issued and outstanding as of April 30, 2025 and January 31, 2025, respectively 1 2 Additional paid-in capital 1,095,070 1,062,613 Accumulated other comprehensive income (loss) 1,968 (926 ) Accumulated deficit (622,622 ) (586,836 ) TOTAL STOCKHOLDERS' EQUITY 474,426 474,861 TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITY $ 889,134 $ 870,998 BRAZE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) Three Months Ended April 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss (including amounts attributable to redeemable non-controlling interests) $ (35,641 ) $ (35,707 ) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation 30,643 28,620 Amortization of deferred contract costs 9,421 8,313 Depreciation and amortization 2,606 2,126 Provision for credit losses 232 668 Value of common stock donated to charity 1,109 — (Accretion) amortization of (discount) premium on marketable securities (399 ) (487 ) Non-cash foreign exchange (gain) loss 227 (295 ) Fair value adjustments to contingent consideration — (137 ) Other 9 280 Changes in operating assets and liabilities: Accounts receivable 9,108 9,876 Prepaid expenses and other current assets 3,147 (984 ) Deferred contract costs (11,870 ) (10,730 ) ROU assets and liabilities (410 ) 1,522 Other assets (403 ) 277 Accounts payable (978 ) (1,800 ) Accrued expenses and other current liabilities (7,203 ) (7,351 ) Deferred revenue 24,547 25,285 Other long-term liabilities (1 ) (81 ) Net cash provided by operating activities 24,144 19,395 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (217 ) (6,915 ) Capitalized internal-use software costs (1,055 ) (1,039 ) Purchases of marketable securities (52,364 ) (59,650 ) Maturities of marketable securities 63,215 57,000 Return of principal on marketable securities 113,258 — Net cash provided by/(used in) investing activities 122,837 (10,604 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of common stock options 605 1,035 Payments of deferred purchase consideration — (2,916 ) Net cash provided by/(used in) financing activities 605 (1,881 ) Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 851 (337 ) Net change in cash, cash equivalents, and restricted cash 148,437 6,573 Cash, cash equivalents, and restricted cash, beginning of period 83,592 72,131 Cash, cash equivalents, and restricted cash, end of period $ 232,029 $ 78,704 BRAZE, INC. U.S. GAAP RECONCILIATION OF NON-GAAP ADJUSTED RESULTS (in thousands, except per share amounts) The following tables reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure: Reconciliation of GAAP to Non-GAAP Gross Margin Three Months Ended April 30, 2025 2024 Gross profit $ 111,202 $ 90,911 Plus: Stock-based compensation expense 1,077 964 Employer taxes related to stock-based compensation expense 60 68 Non-GAAP gross profit $ 112,339 $ 91,943 GAAP gross margin 68.6 % 67.1 % Non-GAAP gross margin 69.3 % 67.9 % Reconciliation of GAAP to Non-GAAP Operating Expenses Three Months Ended April 30, 2025 2024 GAAP sales and marketing expense $ 74,127 $ 69,827 Less: Stock-based compensation expense 10,011 9,445 Employer taxes related to stock-based compensation expense 413 541 Non-GAAP sales and marketing expense $ 63,703 $ 59,841 GAAP research and development expense $ 36,797 $ 34,373 Less: Stock-based compensation expense 11,336 10,832 Employer taxes related to stock-based compensation expense 744 836 Non-GAAP research and development expense $ 24,717 $ 22,705 GAAP general and administrative expense $ 40,500 $ 26,791 Less: Stock-based compensation expense 7,975 7,037 Employer taxes related to stock-based compensation expense 213 297 1% Pledge charitable contribution expense 1,109 — Acquisition related expense 10,020 — Amortization of intangibles expense 101 218 Contingent consideration adjustment — (137 ) Non-GAAP general and administrative expense $ 21,082 $ 19,376 Reconciliation of GAAP to Non-GAAP Operating Income (Loss) Three Months Ended April 30, 2025 2024 Loss from operations $ (40,222 ) $ (40,080 ) Plus: Stock-based compensation expense 30,399 28,278 Employer taxes related to stock-based compensation expense 1,430 1,742 1% Pledge charitable contribution expense 1,109 — Acquisition related expense 10,020 — Amortization of intangibles expense 101 218 Contingent consideration adjustment — (137 ) Non-GAAP income (loss) from operations $ 2,837 $ (9,979 ) GAAP operating margin (24.8 )% (29.6 )% Non-GAAP operating margin 1.8 % (7.4 )% Reconciliation of GAAP to Non-GAAP Net Income (Loss) Three Months Ended April 30, 2025 2024 Net loss attributable to Braze, Inc. $ (35,786 ) $ (35,641 ) Plus: Stock-based compensation expense 30,399 28,278 Employer taxes related to stock-based compensation expense 1,430 1,742 1% Pledge charitable contribution expense 1,109 — Acquisition related expense 10,020 — Amortization of intangibles expense 101 218 Contingent consideration adjustment — (137 ) Non-GAAP net income (loss) attributable to Braze, Inc. (1) $ 7,273 $ (5,540 ) Non-GAAP net income (loss) per share attributable to Braze, Inc. common stockholders, basic $ 0.07 $ (0.05 ) Non-GAAP net income (loss) per share attributable to Braze, Inc. common stockholders, diluted $ 0.07 $ (0.05 ) Weighted-average shares used to compute net income (loss) per share attributable to Braze, Inc. common stockholders, basic 104,572 100,788 Weighted-average shares used to compute net income (loss) per share attributable to Braze, Inc. common stockholders, diluted 107,977 100,788 (1) Assumes no non-GAAP tax expenses associated with the non-GAAP adjustment due to the Company's historical non-GAAP net loss position and available deferred tax assets sufficient to offset such non-GAAP tax expense. Reconciliation of GAAP Cash Flow from Operating Activities to Non-GAAP Free Cash Flow Three Months Ended April 30, 2025 2024 Net cash provided by operating activities $ 24,144 $ 19,395 Less: Purchases of property and equipment (217 ) (6,915 ) Capitalized internal-use software costs (1,055 ) (1,039 ) Non-GAAP free cash flow $ 22,872 $ 11,441 Braze is a registered trademark of Braze, product and company names herein may be trademarks of their registered owners. View source version on Contacts Investors:Christopher FerrisIR@ (609) 964-0585 Media:Katelyn BryantPress@
Yahoo
12 hours ago
- Yahoo
Popit Games Tournament Early Access Launches June 7th with $500,000+ Prize Pool
Mobile Gaming Tournament Opens to Players Worldwide via Steam and Android SOFIA, Bulgaria, June 7, 2025 /PRNewswire/ -- Acki Nacki, the fastest blockchain possible, today announced the launch of Popit Games, a multiplayer roguelike deck-building card game, with a highly anticipated Early Access period beginning June 7, 2025. The launch coincides with the game's official availability on Steam, with availability on other platforms upcoming. This limited-time Early Access window runs through June 15, 2025, giving players exclusive first access to play Popit Games pool before the main tournament begins, letting players compete for the game's $500,000+ tournament prize. Popit Games showcases Acki Nacki's breakthrough consensus technology, which reaches finality in just 2 communication steps, the fastest theoretically possible. With full decentralization and security assured, Acki Nacki boasts a community of 5 Million-plus members, many of whom will be vying for the top spot in the tournament. Following the Popit early access period and tournament, Acki Nacki will debut its mainnet launch, which is slated to arrive later this summer. "We're thrilled to bring Popit Games directly to players' mobile devices in a dedicated app," said Mitja Goroshevsky, GOSH Co-founder and Acki Nacki co-author. "The Early Access period represents a crucial opportunity for players to master the game's strategic depth before the main tournament begins. With over $500,000 in prizes at stake, we want to ensure every player has the chance to compete at their highest level." The upcoming Popit Games Tournament features $100,000 in cash prizes for the top 16 players and teams, $400,000 worth of Node Cores for places 1-1000, and 850,000,000 Boosts for places 1-10,000. Boosts enhance user rewards based on their contribution to network security through Acki Nacki's mobile verification system. The tournament will be covered live in several languages by top YouTube and Twitch commentators. Popit Games combines strategic deck-building with competitive multiplayer action, where players strategically create and finalize blocks while competing to surpass set block limits. The game's programmable card sequences allow players to boost their scores while potentially sabotaging opponents, creating dynamic matches that reward strategic thinking and quick adaptation. The tournament features dual leaderboards for both individual players and team competitions. The Early Access period allows players to practice and strategize with the tournament beginning immediately after the Early Access window closes on June 15. The game features a "Best of All" format where players build and maintain the highest possible block throughout the tournament duration. Popit Games will be available for download on Android and PC beginning June 7, 2025, with availability on other platforms upcoming. The Early Access period runs through June 15, 2025. The main tournament runs June 15-22, 2025, with registration available through the official tournament website. For more information about Popit Games, the Early Access period, and tournament registration, visit or follow @ackinackichain on Twitter. Media Contact:M Group Strategic Communications (for GOSH)GOSH@ About GOSH GOSH is the core contributor to the Acki Nacki blockchain, founded and led by former CTO of TON Labs Mitja Goroshevsky. The company recently raised $6 million through its pre-launch node sale with participation from leading investors including Kingsway Capital, Hack VC, K5 Global, and Original Capital. About Acki Nacki Acki Nacki is the fastest blockchain possible. Based on a breakthrough consensus protocol, the Acki Nacki network reaches consensus in 2 communication steps, the lowest number possible in any interactive network, meaning that by design Acki Nacki finalizes transactions faster than any other blockchain that can be built. Acki Nacki has a community of over 5 million users in its mini-app that allows anyone to verify blocks by playing a simple interactive game on their mobile phones. This means players contribute to network security and mine Acki Nacki network coins as block rewards. Acki Nacki is a decentralized blockchain. There is no token pre-mine, airdrop, token generation event, investor or team allocation. View original content to download multimedia: SOURCE GOSH Sign in to access your portfolio
Yahoo
19 hours ago
- Yahoo
Engineering the Perfect Shower Squeegee: The Story Behind dancemoon JustHang Squeegee
NEW YORK, June 7, 2025 /PRNewswire/ -- dancemoon, the trailblazer in home cleaning innovation, proudly introduced its first-ever bathroom cleaning tool: the JustHang Squeegee. Designed for effortless use and stylish storage, the product officially launched worldwide on June 3 via dancemoon's website and Amazon, debuting at a special launch price of $19.99. It has been well-received on social media for its outstanding performance and uniquely innovative built-in hook, and has continued to gain traction on Amazon and the official website since its initial launch. What sets the JustHang Squeegee apart is the thoughtful design, inspired by the simple and universal natural habit of hanging things up after use. Through rounds of real-life testing and countless small tweaks, the dancemoon team turned this everyday habit into a clean, minimalist solution that blends form and function. And behind this seemingly simple tool is a deliberate design process worth sharing. How It's Made: Integrated Molded Structure: The built-in hook of JustHang Squeegee isn't a traditional after-assembly attachment. Instead, it is molded by one-piece injection molding. This process reduces breakage risk at joints, maintains minimalist lines and structural stability, prevents dirt buildup and avoids discoloration over time. The handle uses glass fiber reinforced PA66 and the scraper blade is made of hardened 45 steel, offering excellent strength and heat resistance, enabling JustHang Squeegee to withstand up to 75kg pressure without breaking. Size and Angle Validation: Based on user habit research, dancemoon designers analyzed common hanging points and user behaviors in the bathroom. Through multiple prototype tests and hanging simulations, the size and angle of the built-in hook were finely adjusted to ensure that it can be firmly fixed in places such as towel bars, glass doors and countertops, and perfectly fit the user's natural "use and hang" action. Premium Flexible Silicone: Made from high-elasticity 50 Shore A silicone, this material offers an ideal balance of flexibility and structural strength. After extensive durability testing, the dancemoon design team selected this specific hardness for its outstanding performance in wet and slippery environments, resisting deformation and cracking even with prolonged use. The result is a smoother, more efficient water-wiping experience and a significantly longer lifespan compared to traditional squeegees. Why JustHang Squeegee? Convenience: Effortless to hang anywhere even with wet hands. Versatility: Designed to fit seamlessly into various home settings, offering clean, clutter-free storage. Durability: One-piece molded construction minimizes breakage and lasts longer than traditional scrapers. To place an order, please visit dancemoon's Amazon store and Shopify. Or follow dancemoon on social media to stay updated with the latest campaigns for the new product: Instagram: Facebook: YouTube: About dancemoon Driven by a passion for innovative design, dancemoon infuses the beauty and emotion of the moon into each product. Beyond offering household tools, dancemoon combines innovation with minimalist design to create products that make household tasks simple and no longer a burden but an enjoyable part of life. With a vision to become the leading brand of minimalist lifestyle, dancemoon is committed to blending minimalism with household tools, bringing bliss into your daily life. CONTACT: info@ View original content to download multimedia: SOURCE dancemoon
