NASDAQ : BRZE
Braze, Inc. — Financial statements
Technology · Software - Application · United States
Last price 45.8 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.20B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Braze, Inc. (BRZE) reported revenue of 834.24M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 834.24M | 738.18M | 593.41M | 471.80M | 355.43M | 238.03M |
| Cost of Revenue | 281.16M | 242.53M | 183.19M | 147.53M | 115.82M | 78.51M |
| Gross Profit | 553.08M | 495.66M | 410.22M | 324.27M | 239.61M | 159.52M |
| Selling, General & Admin | 472.03M | 461.27M | 398.41M | 349.10M | 290.45M | 178.70M |
| Research & Development | 180.47M | 167.14M | 133.97M | 119.86M | 97.29M | 59.03M |
| Operating Expenses | 652.50M | 628.41M | 532.38M | 468.96M | 387.75M | 237.74M |
| Operating Income | -99.42M | -132.76M | -122.16M | -144.69M | -148.14M | -78.21M |
| Interest & Investment Income | 11.98M | 14.78M | 18.11M | 13.55M | 7.39M | 506.00K |
| Currency Exchange Gain (Loss) | 288.00K | 862.00K | 1.37M | 597.00K | -752.00K | -258.00K |
| EBT Excluding Unusual Items | -87.15M | -117.11M | -102.68M | -130.55M | -141.50M | -77.96M |
| Merger & Restructuring Charges | -12.00M | -12.00M | ||||
| Gain (Loss) on Sale of Investments | 441.00K | 951.00K | 2.08M | 2.08M | 1.34M | -369.00K |
| Pretax Income | -98.71M | -128.16M | -100.60M | -128.47M | -140.16M | -78.33M |
| Income Tax Expense | 12.47M | 2.62M | 3.44M | 1.96M | 583.00K | -165.00K |
| Earnings From Continuing Operations | -111.18M | -130.79M | -104.05M | -130.43M | -140.75M | -78.17M |
| Minority Interest in Earnings | -1.86M | -501.00K | 304.00K | 1.26M | 1.78M | 1.45M |
| Net Income | -113.05M | -131.29M | -103.74M | -129.17M | -138.97M | -76.72M |
| Net Income to Common | -113.05M | -131.29M | -103.74M | -129.17M | -138.97M | -76.72M |
| Shares Outstanding (Basic) | 110.49M | 107.91M | 102.19M | 98.10M | 94.57M | 34.90M |
| Shares Outstanding (Diluted) | 110.49M | 107.91M | 102.19M | 98.10M | 94.57M | 34.90M |
| EPS (Basic) | -1.02 | -1.22 | -1.02 | -1.32 | -1.47 | -2.20 |
| EPS (Diluted) | -1.02 | -1.22 | -1.02 | -1.32 | -1.47 | -2.20 |
| Free Cash Flow | 84.64M | 61.85M | 23.45M | -2.91M | -37.76M | -37.71M |
| Free Cash Flow Per Share | 0.77 | 0.57 | 0.23 | -0.03 | -0.40 | -1.08 |
| Gross Margin | 66.30% | 67.15% | 69.13% | 68.73% | 67.41% | 67.02% |
| Operating Margin | -11.92% | -17.98% | -20.59% | -30.67% | -41.68% | -32.86% |
| Profit Margin | -13.55% | -17.79% | -17.48% | -27.38% | -39.10% | -32.23% |
| Free Cash Flow Margin | 10.15% | 8.38% | 3.95% | -0.62% | -10.62% | -15.84% |
| EBITDA | -86.20M | -124.03M | -115.24M | -139.83M | -145.22M | -76.64M |
| EBITDA Margin | -10.33% | -16.80% | -19.42% | -29.64% | -40.86% | -32.20% |
| D&A For EBITDA | 13.22M | 8.73M | 6.92M | 4.86M | 2.92M | 1.57M |
| EBIT | -99.42M | -132.76M | -122.16M | -144.69M | -148.14M | -78.21M |
| EBIT Margin | -11.92% | -17.98% | -20.59% | -30.67% | -41.68% | -32.86% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 166.77M | 124.34M | 83.06M | 68.23M | 68.59M | 478.94M |
| Short-Term Investments | 243.10M | 287.58M | 430.46M | 407.90M | 410.08M | 35.16M |
| Cash & Short-Term Investments | 409.87M | 411.92M | 513.52M | 476.13M | 478.67M | 514.09M |
| Accounts Receivable | 112.47M | 122.35M | 95.23M | 92.26M | 78.34M | 64.50M |
| Other Receivables | 4.92M | 9.70M | 6.73M | 5.03M | 3.06M | 926.00K |
| Receivables | 117.40M | 132.05M | 101.96M | 97.29M | 81.40M | 65.43M |
| Prepaid Expenses | 37.75M | 17.84M | 23.51M | 17.66M | 16.86M | 24.47M |
| Restricted Cash | 566.00K | 566.00K | 3.37M | |||
| Other Current Assets | 4.41M | 5.55M | 5.04M | 6.67M | 6.25M | 4.19M |
| Total Current Assets | 570.00M | 567.93M | 644.03M | 601.12M | 583.17M | 608.18M |
| Property, Plant & Equipment | 128.71M | 115.53M | 114.70M | 110.52M | 66.60M | 7.39M |
| Goodwill | 262.12M | 261.86M | 28.45M | 28.45M | ||
| Other Intangible Assets | 55.56M | 61.49M | 3.13M | 3.69M | 500.00K | |
| Long-Term Deferred Charges | 106.81M | 100.74M | 76.77M | 63.66M | 48.45M | 41.69M |
| Other Long-Term Assets | 8.17M | 6.22M | 3.93M | 3.50M | 6.68M | 8.99M |
| Total Assets | 1.13B | 1.11B | 871.00M | 810.94M | 705.41M | 666.26M |
| Accounts Payable | 1.53M | 1.56M | 2.15M | 6.32M | 3.10M | 2.08M |
| Accrued Expenses | 63.30M | 79.84M | 52.94M | 49.12M | 29.98M | 26.13M |
| Current Portion of Leases | 22.93M | 19.27M | 18.16M | 15.59M | 10.70M | |
| Current Income Taxes Payable | 13.39M | 11.71M | 8.85M | 9.05M | 4.21M | 1.95M |
| Current Unearned Revenue | 346.72M | 304.56M | 239.98M | 204.27M | 166.09M | 126.26M |
| Other Current Liabilities | 2.54M | 3.47M | 2.40M | 5.10M | 3.22M | 3.54M |
| Total Current Liabilities | 450.41M | 420.41M | 324.48M | 289.44M | 217.30M | 159.97M |
| Long-Term Leases | 73.48M | 63.38M | 69.28M | 75.03M | 40.59M | |
| Other Long-Term Liabilities | 5.25M | 5.80M | 2.49M | 2.05M | 755.00K | 1.48M |
| Total Liabilities | 529.14M | 489.60M | 396.25M | 366.52M | 258.65M | 161.44M |
| Common Stock | 11.00K | 11.00K | 10.00K | 10.00K | 10.00K | 9.00K |
| Additional Paid-In Capital | 1.36B | 1.34B | 1.06B | 928.49M | 806.04M | 717.17M |
| Retained Earnings | -763.57M | -718.12M | -586.84M | -483.09M | -353.93M | -214.96M |
| Comprehensive Income & Other | -444.00K | 1.79M | -926.00K | -1.18M | -6.82M | -640.00K |
| Total Common Equity | 600.20M | 623.77M | 474.86M | 444.23M | 445.30M | 501.58M |
| Minority Interest | 2.03M | 389.00K | -112.00K | 192.00K | 1.46M | 3.23M |
| Shareholders' Equity | 602.23M | 624.16M | 474.75M | 444.43M | 446.76M | 504.82M |
| Total Liabilities & Equity | 1.13B | 1.11B | 871.00M | 810.94M | 705.41M | 666.26M |
| Total Debt | 96.41M | 82.65M | 87.44M | 90.61M | 51.28M | |
| Net Cash (Debt) | 313.46M | 329.27M | 426.08M | 385.51M | 427.38M | 514.09M |
| Net Cash Per Share | 2.84 | 3.05 | 4.17 | 3.93 | 4.52 | 14.73 |
| Filing Date Shares Outstanding | 113.58M | 113.45M | 104.63M | 100.84M | 96.23M | 93.23M |
| Total Common Shares Outstanding | 113.08M | 112.77M | 103.95M | 100.21M | 95.98M | 92.97M |
| Working Capital | 119.58M | 147.51M | 319.55M | 311.68M | 365.87M | 448.22M |
| Book Value Per Share | 5.31 | 5.53 | 4.57 | 4.43 | 4.64 | 5.40 |
| Tangible Book Value | 282.52M | 300.42M | 443.28M | 412.10M | 444.80M | 501.58M |
| Tangible Book Value Per Share | 2.50 | 2.66 | 4.26 | 4.11 | 4.63 | 5.40 |
| Machinery | 25.12M | 24.08M | 19.02M | 11.63M | 12.20M | 4.80M |
| Leasehold Improvements | 24.09M | 24.67M | 20.95M | 18.79M | 9.41M | 2.47M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -113.05M | -131.29M | -103.74M | -129.17M | -138.97M | -76.72M |
| Depreciation & Amortization | 13.22M | 8.73M | 6.92M | 4.86M | 2.92M | 1.57M |
| Other Amortization | 58.25M | 51.87M | 38.21M | 31.89M | 25.34M | 18.91M |
| Asset Writedown & Restructuring Costs | 80.00K | 80.00K | 488.00K | 146.00K | 34.00K | |
| Loss (Gain) From Sale of Investments | -441.00K | -951.00K | -2.08M | -2.08M | 1.34M | 369.00K |
| Stock-Based Compensation | 147.05M | 143.74M | 115.14M | 97.23M | 72.24M | 47.18M |
| Provision & Write-off of Bad Debts | -74.00K | 666.00K | 2.33M | 2.02M | 807.00K | 88.00K |
| Other Operating Activities | 3.76M | 3.51M | 2.06M | 892.00K | 4.55M | -1.14M |
| Change in Accounts Receivable | -24.37M | -22.71M | -5.36M | -14.01M | -14.65M | -29.82M |
| Change in Accounts Payable | 425.00K | -601.00K | -3.91M | 3.42M | 906.00K | 1.65M |
| Change in Unearned Revenue | 85.11M | 57.14M | 35.89M | 34.11M | 39.89M | 51.47M |
| Change in Other Net Operating Assets | -77.28M | -38.73M | -49.26M | -22.47M | -16.72M | -48.96M |
| Operating Cash Flow | 92.68M | 71.44M | 36.68M | 6.85M | -22.31M | -35.40M |
| Capital Expenditures | -8.04M | -9.59M | -13.23M | -9.76M | -15.45M | -2.31M |
| Cash Acquisitions | -654.00K | -181.85M | -16.32M | |||
| Sale (Purchase) of Intangibles | -4.44M | -3.78M | -3.81M | -3.57M | -1.26M | -2.06M |
| Investment in Securities | 38.71M | 144.31M | -19.42M | 9.68M | -381.81M | 22.41M |
| Investing Cash Flow | 25.58M | -50.91M | -36.47M | -19.98M | -398.52M | 18.04M |
| Issuance of Common Stock | 20.60M | 22.96M | 14.61M | 13.27M | 11.33M | 470.62M |
| Repurchase of Common Stock | -53.62M | -5.00K | ||||
| Other Financing Activities | -2.92M | -165.00K | -2.71M | |||
| Financing Cash Flow | -33.26M | 22.96M | 11.70M | 13.11M | 11.33M | 467.91M |
| Foreign Exchange Rate Adjustments | 66.00K | 1.25M | -444.00K | -475.00K | -855.00K | -597.00K |
| Net Cash Flow | 85.07M | 44.75M | 11.46M | -492.00K | -410.35M | 449.95M |
| Free Cash Flow | 84.64M | 61.85M | 23.45M | -2.91M | -37.76M | -37.71M |
| Free Cash Flow Margin | 10.15% | 8.38% | 3.95% | -0.62% | -10.62% | -15.84% |
| Free Cash Flow Per Share | 0.77 | 0.57 | 0.23 | -0.03 | -0.40 | -1.08 |
| Levered Free Cash Flow | 196.28M | 178.49M | 93.82M | 76.97M | 27.44M | 26.59M |
| Unlevered Free Cash Flow | 196.28M | 178.49M | 93.82M | 76.97M | 27.44M | 26.59M |
| Cash Income Tax Paid | 3.94M | 3.90M | 2.94M | 309.00K | 365.00K | 299.00K |
| Change in Working Capital | -16.12M | -4.91M | -22.65M | 1.05M | 9.43M | -25.66M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.20B | 2.34B | 4.76B | 5.40B | 3.06B | 4.61B |
| Enterprise Value | 4.88B | 2.04B | 4.36B | 5.02B | 2.64B | 4.71B |
| Last Close Price | 45.75 | 20.82 | 45.98 | 54.05 | 32.00 | 50.02 |
| Forward PE | 56.98 | 36.58 | 187.37 | |||
| PS Ratio | 6.23 | 3.17 | 8.02 | 11.44 | 8.62 | 19.36 |
| PB Ratio | 8.62 | 3.74 | 10.02 | 12.14 | 6.86 | 9.13 |
| P/TBV Ratio | 18.39 | 7.78 | 10.73 | 13.10 | 6.88 | 9.19 |
| P/FCF Ratio | 61.40 | 37.77 | 202.94 | |||
| P/OCF Ratio | 56.07 | 32.70 | 129.72 | 787.81 | ||
| PEG Ratio | 1.89 | 1.22 | 6.25 | |||
| EV/Sales Ratio | 5.85 | 2.76 | 7.34 | 10.64 | 7.43 | 19.78 |
| EV/FCF Ratio | 57.69 | 32.94 | 185.85 | |||
| Debt / Equity Ratio | 0.16 | 0.13 | 0.18 | 0.20 | 0.12 | |
| Debt / FCF Ratio | 1.14 | 1.34 | 3.73 | |||
| Net Debt / Equity Ratio | -0.52 | -0.53 | -0.90 | -0.87 | -0.96 | -1.02 |
| Net Debt / EBITDA Ratio | 3.64 | 2.65 | 3.70 | 2.76 | 2.94 | 6.71 |
| Net Debt / FCF Ratio | -3.70 | -5.32 | -18.17 | 132.43 | 11.32 | 13.63 |
| Asset Turnover | 0.78 | 0.74 | 0.71 | 0.62 | 0.52 | 0.57 |
| Quick Ratio | 1.17 | 1.29 | 1.90 | 1.98 | 2.58 | 3.62 |
| Current Ratio | 1.27 | 1.35 | 1.99 | 2.08 | 2.68 | 3.80 |
| Return on Equity (ROE) | -18.51% | -23.80% | -22.64% | -29.27% | -29.58% | -27.29% |
| Return on Assets (ROA) | -5.77% | -8.36% | -9.08% | -11.93% | -13.50% | -11.67% |
| Return on Capital Employed (ROCE) | -14.60% | -19.10% | -22.40% | -27.70% | -30.40% | -15.40% |
| Earnings Yield | -2.24% | -5.62% | -2.18% | -2.39% | -4.54% | -1.67% |
| FCF Yield | 1.63% | 2.65% | 0.49% | -0.05% | -1.23% | -0.82% |
| Buyback Yield / Dilution | -5.73% | -5.59% | -4.17% | -3.73% | -171.00% | -94.17% |