Go Pro
→ Your book attached (From Profits Run) (Ad)tc pixel Free BRZE Stock Alerts

Braze (BRZE) Financials

Braze logo
$24.43 -0.50 (-2.01%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$24.50 +0.07 (+0.29%)
As of 09/18/2026 07:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Braze

Annual Income Statements for Braze

This table shows Braze's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -32 -32 -77 -139 -129 -104 -131
Consolidated Net Income / (Loss)		 -32 -32 -78 -141 -130 -104 -131
Net Income / (Loss) Continuing Operations		 -32 -32 -78 -141 -130 -104 -131
Total Pre-Tax Income 		-31 -31 -78 -140 -128 -101 -128
Total Operating Income		 -34 -32 -78 -148 -145 -122 -145
Total Gross Profit		 61 96 160 240 324 410 496
Total Revenue		 96 150 238 355 472 593 738
Operating Revenue		 96 150 238 355 472 593 738
Total Cost of Revenue		 36 55 79 116 148 183 243
Operating Cost of Revenue		 36 55 79 116 148 183 243
Total Operating Expenses		 94 128 238 388 469 532 640
Selling, General & Admin Expense		 17 28 52 89 102 116 146
Marketing Expense		 57 71 127 202 247 282 327
Research & Development Expense		 20 29 59 97 120 134 167
Total Other Income / (Expense), net		 2.18 0.72 -0.12 7.98 16 22 17
Other Income / (Expense), net		 0.05 0.72 -0.12 7.98 16 22 17
Income Tax Expense		 0.45 0.54 -0.17 0.58 1.96 3.45 2.63
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.22 -1.45 -1.78 -1.26 -0.30 0.50
Basic Earnings per Share		 ($1.96) ($1.77) ($2.20) ($1.47) ($1.32) ($1.02) ($1.22)
Weighted Average Basic Shares Outstanding		 16.19M 17.97M 34.90M 94.57M 98.10M 102.19M 107.91M
Diluted Earnings per Share		 ($1.96) ($1.77) ($2.20) ($1.47) ($1.32) ($1.02) ($1.22)
Weighted Average Diluted Shares Outstanding		 16.19M 17.97M 34.90M 94.57M 98.10M 102.19M 107.91M
Weighted Average Basic & Diluted Shares Outstanding		 - - 93.23M 96.23M 100.84M 104.63M 113.45M

Quarterly Income Statements for Braze

This table shows Braze's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -28 -36 -23 -28 -17 -36 -28 -36 -32 -27 -19
Consolidated Net Income / (Loss)		 -29 -36 -23 -28 -17 -36 -28 -36 -32 -25 -18
Net Income / (Loss) Continuing Operations		 -29 -36 -23 -28 -17 -36 -28 -36 -32 -25 -18
Total Pre-Tax Income 		-28 -35 -22 -27 -16 -35 -35 -34 -25 -24 -16
Total Operating Income		 -32 -40 -28 -33 -22 -40 -39 -38 -28 -28 -18
Total Gross Profit		 88 91 102 106 111 111 122 128 134 139 152
Total Revenue		 131 135 145 152 160 162 180 191 205 211 227
Operating Revenue		 131 135 145 152 160 162 180 191 205 211 227
Total Cost of Revenue		 43 45 43 46 49 51 58 63 71 72 75
Operating Cost of Revenue		 43 45 43 46 49 51 58 63 71 72 75
Total Operating Expenses		 120 131 130 139 133 151 161 166 163 166 170
Selling, General & Admin Expense		 26 27 28 31 30 41 37 33 36 31 32
Marketing Expense		 63 70 69 75 69 74 83 89 82 89 93
Research & Development Expense		 31 34 33 33 34 37 41 44 45 46 45
Total Other Income / (Expense), net		 4.35 5.17 5.50 5.29 5.59 5.65 3.98 3.41 3.56 3.45 2.30
Other Income / (Expense), net		 4.35 5.17 5.50 5.29 5.59 5.65 3.98 3.41 3.56 3.45 2.30
Income Tax Expense		 0.64 0.80 0.70 0.85 1.09 1.07 -7.01 1.66 6.90 1.43 2.48
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.30 -0.07 -0.15 -0.22 0.13 0.15 0.14 0.20 0.02 1.10 0.55
Basic Earnings per Share		 ($0.28) ($0.35) ($0.23) ($0.27) ($0.17) ($0.34) ($0.26) ($0.33) ($0.29) ($0.24) ($0.17)
Weighted Average Basic Shares Outstanding		 98.10M 100.79M 101.45M 102.15M 102.19M 104.57M 106.81M 107.63M 107.91M 110.80M 111.25M
Diluted Earnings per Share		 ($0.28) ($0.35) ($0.23) ($0.27) ($0.17) ($0.34) ($0.26) ($0.33) ($0.29) ($0.24) ($0.17)
Weighted Average Diluted Shares Outstanding		 98.10M 100.79M 101.45M 102.15M 102.19M 104.57M 106.81M 107.63M 107.91M 110.80M 111.25M
Weighted Average Basic & Diluted Shares Outstanding		 100.84M 101.63M 102.73M 103.48M 104.63M 105.61M 111.27M 112.22M 113.45M 112.63M 113.58M

Annual Cash Flow Statements for Braze

This table details how cash moves in and out of Braze's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Change in Cash & Equivalents		 -93 21 450 -410 -0.49 11 45
Net Cash From Operating Activities		 -7.37 -6.08 -35 -22 6.85 37 71
Net Cash From Continuing Operating Activities		 -7.37 -6.08 -35 -22 6.85 37 71
Net Income / (Loss) Continuing Operations		 -32 -32 -78 -141 -130 -104 -131
Consolidated Net Income / (Loss)		 -32 -32 -78 -141 -130 -104 -131
Depreciation Expense		 0.65 1.59 2.77 4.62 6.96 10 19
Amortization Expense		 5.33 11 18 25 28 33 40
Non-Cash Adjustments To Reconcile Net Income		 13 8.68 48 79 103 121 147
Changes in Operating Assets and Liabilities, net		 5.27 4.66 -26 9.43 -0.52 -23 -4.91
Net Cash From Investing Activities		 -87 22 18 -399 -20 -36 -51
Net Cash From Continuing Investing Activities		 -87 22 18 -399 -20 -36 -51
Purchase of Property, Plant & Equipment		 -2.55 -4.35 -4.38 -17 -13 -17 -13
Acquisitions		 - - 0.00 0.00 -16 0.00 -182
Purchase of Investments		 -123 -59 -37 -638 -248 -218 -152
Sale and/or Maturity of Investments		 38 86 59 256 258 199 296
Net Cash From Financing Activities		 1.26 4.87 468 11 13 12 23
Net Cash From Continuing Financing Activities		 1.26 4.87 468 11 13 12 23
Issuance of Common Equity		 0.00 2.45 460 0.00 6.01 7.71 7.10
Other Financing Activities, net		 1.27 2.81 8.36 11 7.10 3.99 16
Effect of Exchange Rate Changes		 0.02 0.16 -0.60 -0.86 -0.48 -0.44 1.26
Cash Income Taxes Paid		 0.18 0.47 0.30 0.37 0.31 2.95 3.90

Quarterly Cash Flow Statements for Braze

This table details how cash moves in and out of Braze's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Change in Cash & Equivalents		 7.76 6.57 0.95 -18 22 148 -146 16 27 21 21
Net Cash From Operating Activities		 3.82 19 12 -11 17 24 6.95 21 19 28 24
Net Cash From Continuing Operating Activities		 3.82 19 12 -11 17 24 6.95 21 19 28 24
Net Income / (Loss) Continuing Operations		 -29 -36 -23 -28 -17 -36 -28 -36 -32 -25 -18
Consolidated Net Income / (Loss)		 -29 -36 -23 -28 -17 -36 -28 -36 -32 -25 -18
Depreciation Expense		 1.88 2.13 2.61 2.64 2.75 2.61 4.77 5.99 5.97 6.28 6.28
Amortization Expense		 4.45 7.83 8.11 8.46 8.54 9.02 9.78 10 11 12 13
Non-Cash Adjustments To Reconcile Net Income		 25 29 31 31 29 32 39 38 38 37 36
Changes in Operating Assets and Liabilities, net		 0.62 16 -7.24 -26 -5.95 16 -19 2.31 -4.65 -1.38 -13
Net Cash From Investing Activities		 -0.50 -11 -17 -8.20 -0.84 123 -161 -5.73 -7.46 43 -4.03
Net Cash From Continuing Investing Activities		 -0.50 -11 -17 -8.20 -0.84 123 -161 -5.73 -7.46 43 -4.03
Purchase of Property, Plant & Equipment		 -7.36 -7.95 -4.38 -2.84 -1.88 -1.27 -3.42 -3.19 -5.49 -1.34 -2.47
Purchase of Investments		 -56 -60 -82 -37 -38 -52 -23 -37 -40 -27 -31
Sale and/or Maturity of Investments		 63 57 70 32 39 176 47 35 38 71 30
Net Cash From Financing Activities		 4.10 -1.88 5.92 1.48 6.18 0.61 7.48 1.08 14 -50 1.56
Net Cash From Continuing Financing Activities		 4.10 -1.88 5.92 1.48 6.18 0.61 7.48 1.08 14 -50 1.56
Other Financing Activities, net		 1.31 -1.88 1.17 1.48 3.22 0.61 2.60 1.08 12 0.31 -2.94
Effect of Exchange Rate Changes		 0.33 -0.34 0.24 0.32 -0.67 0.85 -0.21 -0.21 0.82 -0.29 -0.26
Cash Income Taxes Paid		 0.13 1.58 0.38 0.56 0.43 2.47 0.84 0.06 0.52 2.18 1.17

Annual Balance Sheets for Braze

This table presents Braze's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025 2026
Period end date 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Total Assets		 171 666 705 811 871 1,114
Total Current Assets		 134 608 583 601 644 568
Cash & Equivalents		 29 479 69 68 83 124
Restricted Cash		 0.47 - 0.00 3.37 0.00 0.57
Short-Term Investments		 58 35 410 408 430 288
Accounts Receivable		 35 65 78 92 95 122
Prepaid Expenses		 12 30 26 29 35 33
Plant, Property, & Equipment, net		 5.49 7.39 20 29 39 44
Total Noncurrent Assets		 32 51 102 180 188 502
Noncurrent Note & Lease Receivables		 - - - - - 0.00
Goodwill		 - - 0.00 28 28 262
Intangible Assets		 - - 0.50 3.69 3.13 61
Other Noncurrent Operating Assets		 32 51 101 148 157 179
Total Liabilities & Shareholders' Equity		 171 666 705 811 871 1,114
Total Liabilities		 103 161 259 367 396 490
Total Current Liabilities		 101 160 217 289 324 420
Accounts Payable		 0.44 2.08 3.10 6.32 2.15 1.56
Accrued Expenses		 26 32 37 63 64 95
Current Deferred Revenue		 75 126 166 204 240 305
Other Current Liabilities		 - 0.00 11 16 18 19
Total Noncurrent Liabilities		 2.31 1.48 41 77 72 69
Capital Lease Obligations		 - - - - - 0.00
Other Noncurrent Operating Liabilities		 2.23 1.48 41 77 72 69
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 176 3.24 1.46 0.19 -0.11 0.39
Total Equity & Noncontrolling Interests		 -109 502 445 444 475 624
Total Preferred & Common Equity		 -109 502 445 444 475 624
Total Common Equity		 -109 502 445 444 475 624
Common Stock		 30 717 806 929 1,063 1,340
Retained Earnings		 -138 -215 -354 -483 -587 -718
Accumulated Other Comprehensive Income / (Loss)		 -0.04 -0.64 -6.82 -1.18 -0.93 1.79

Quarterly Balance Sheets for Braze

This table presents Braze's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027 Q2 2027
Period end date 4/30/2023 7/31/2023 10/31/2023 4/30/2024 7/31/2024 10/31/2024 4/30/2025 7/31/2025 10/31/2025 4/30/2026 7/31/2026
Total Assets		 721 732 769 816 826 842 889 1,023 1,041 1,091 1,131
Total Current Assets		 598 574 567 599 606 613 659 485 502 547 570
Cash & Equivalents		 117 77 60 75 79 61 231 81 98 145 167
Restricted Cash		 3.37 3.37 3.37 3.37 0.00 0.00 - 1.29 0.57 0.57 0.57
Short-Term Investments		 386 395 408 409 425 431 308 283 285 242 243
Accounts Receivable		 67 70 71 82 71 90 86 88 90 118 112
Prepaid Expenses		 25 28 24 30 31 30 34 31 28 40 47
Plant, Property, & Equipment, net		 20 21 23 39 40 40 39 40 41 42 42
Total Noncurrent Assets		 103 137 179 178 180 189 191 498 498 502 519
Noncurrent Note & Lease Receivables		 - - - - - - - - - - 15
Goodwill		 - 28 28 28 28 28 28 268 267 262 262
Intangible Assets		 - 4.12 3.91 3.47 3.33 3.23 3.03 68 65 58 56
Other Noncurrent Operating Assets		 103 105 147 146 148 157 160 163 167 181 187
Total Liabilities & Shareholders' Equity		 721 732 769 816 826 842 889 1,023 1,041 1,091 1,131
Total Liabilities		 285 291 330 380 372 384 415 423 439 508 529
Total Current Liabilities		 245 248 248 306 298 308 344 354 369 441 450
Accounts Payable		 3.57 1.88 5.95 4.69 4.47 2.91 1.30 1.11 3.58 5.61 1.54
Accrued Expenses		 47 56 50 56 65 63 58 70 74 74 79
Current Deferred Revenue		 181 177 179 229 212 224 265 262 271 343 347
Other Current Liabilities		 13 14 14 15 16 18 19 20 20 20 23
Total Noncurrent Liabilities		 40 43 82 74 74 76 71 70 70 66 79
Capital Lease Obligations		 - - - - - - - - - - 11
Other Noncurrent Operating Liabilities		 40 43 82 74 74 76 71 70 70 66 68
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 1.08 0.73 0.49 0.13 -0.02 -0.24 0.03 0.17 0.37 1.49 2.03
Total Equity & Noncontrolling Interests		 435 440 438 436 454 458 474 599 602 582 600
Total Preferred & Common Equity		 435 440 438 436 454 458 474 599 602 582 600
Total Common Equity		 435 440 438 436 454 458 474 599 602 582 600
Common Stock		 833 870 898 958 996 1,027 1,095 1,250 1,288 1,326 1,364
Retained Earnings		 -392 -424 -455 -519 -542 -570 -623 -651 -687 -745 -764
Accumulated Other Comprehensive Income / (Loss)		 -5.31 -5.88 -5.19 -3.39 -0.25 0.35 1.97 -0.10 0.27 0.42 -0.44

Annual Metrics And Ratios for Braze

This table displays calculated financial ratios and metrics derived from Braze's official financial filings.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
DEI Shares Outstanding		 - - - - - - 112,215,498.00
DEI Adjusted Shares Outstanding		 - - - - - - 112,215,498.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -1.17
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -23 -23 -55 -104 -101 -86 -101
Return On Investment Capital (ROIC_SIMPLE)		 - - - -23.29% -22.80% -18.01% -16.24%
Earnings before Interest and Taxes (EBIT)		 -33 -31 -78 -140 -128 -101 -128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -28 -19 -57 -111 -94 -58 -69
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -3.48 -65 -81 -98 -82 -352
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -19 -9.28 -32 -35 -39 212
Increase / (Decrease) in Invested Capital		 0.00 -19 9.76 -23 -3.16 -3.70 250
Book Value per Share		 $0.00 ($6.04) $5.45 $4.65 $4.45 $4.59 $5.56
Tangible Book Value per Share		 $0.00 ($6.04) $5.45 $4.65 $4.13 $4.28 $2.68
Total Capital		 0.00 68 505 447 444 475 624
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -87 -514 -479 -479 -514 -412
Capital Expenditures (CapEx)		 2.55 4.35 4.38 17 13 17 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -54 -66 -113 -168 -194 -265
Debt-free Net Working Capital (DFNWC)		 0.00 33 448 366 312 320 148
Net Working Capital (NWC)		 0.00 33 448 366 312 320 148
Net Nonoperating Expense (NNE)		 8.34 9.46 23 37 29 19 29
Net Nonoperating Obligations (NNO)		 0.00 -87 -514 -479 -479 -514 -412
Total Depreciation and Amortization (D&A)		 5.97 13 21 30 35 43 60
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($2.20) ($1.47) ($1.32) ($1.02) ($1.22)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 34.90M 94.57M 98.10M 102.19M 107.91M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($2.20) ($1.47) ($1.32) ($1.02) ($1.22)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 34.90M 94.57M 98.10M 102.19M 107.91M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 93.23M 96.23M 100.84M 104.63M 113.45M
Normalized Net Operating Profit after Tax (NOPAT)		 -23 -23 -55 -104 -101 -86 -101
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Braze

This table displays calculated financial ratios and metrics derived from Braze's official financial filings.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
DEI Shares Outstanding		 - - - - - - - - 112,215,498.00 113,448,702.00 112,631,669.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 112,215,498.00 113,448,702.00 112,631,669.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.28 -0.23 -0.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 32.72% 33.09% 26.40% 22.67% 22.48% 19.64% 23.79% 25.51% - 30.20% 26.16%
EBITDA Growth		 10.77% 16.20% 47.59% 19.21% 78.31% 8.07% -72.44% -10.28% - 75.69% 116.07%
EBIT Growth		 15.04% 9.18% 28.75% 10.84% 42.84% 0.97% -54.90% -25.17% - 30.39% 54.49%
NOPAT Growth		 11.57% 4.34% 20.98% 7.30% 33.24% -0.35% -38.65% -15.27% - 31.59% 53.23%
Net Income Growth		 15.47% 8.03% 27.77% 9.20% 40.29% 0.18% -19.93% -27.28% - 28.48% 34.06%
EPS Growth		 20.00% 12.50% 30.30% 12.90% 39.29% 2.86% -13.04% -22.22% - 29.41% 34.62%
Operating Cash Flow Growth		 31,741.67% -13.99% 166.29% -469.65% 347.08% 24.49% -40.13% 283.76% - 16.49% 248.27%
Free Cash Flow Firm Growth		 -564.27% -2,330.47% 84.41% -81.49% 41.39% 69.81% -8,239.07% -1,253.76% - -1,863.43% 105.98%
Invested Capital Growth		 -9.91% 27.23% -45.85% -6.58% -10.54% -27.38% 565.05% 728.84% - 400.88% -13.37%
Revenue Q/Q Growth		 5.65% 3.44% 7.41% 4.50% 5.49% 1.03% 11.14% 5.96% - 2.84% 7.69%
EBITDA Q/Q Growth		 -7.93% -15.49% 53.00% -37.90% 71.03% -389.48% 11.83% 11.81% - 25.69% 158.26%
EBIT Q/Q Growth		 8.67% -24.95% 35.70% -21.51% 41.45% -116.47% -0.58% 1.81% - 2.50% 34.24%
NOPAT Q/Q Growth		 8.08% -24.11% 30.26% -16.53% 33.81% -86.57% 3.65% 3.12% - 2.56% 34.13%
Net Income Q/Q Growth		 7.74% -24.95% 35.17% -21.50% 39.33% -108.87% 22.10% -28.95% - 19.28% 28.18%
EPS Q/Q Growth		 9.68% -25.00% 34.29% -17.39% 37.04% -100.00% 23.53% -26.92% - 17.24% 29.17%
Operating Cash Flow Q/Q Growth		 290.76% 407.59% -40.13% -198.26% 249.72% 41.33% -71.21% 201.60% - 45.17% -13.92%
Free Cash Flow Firm Q/Q Growth		 -70.85% -142.25% 92.07% -452.69% 44.83% -24.77% -2,091.75% 10.28% - -3.32% 106.67%
Invested Capital Q/Q Growth		 -7.55% -45.12% 1.08% 30.97% -11.55% -67.23% 461.15% -6.66% - -7.84% 3.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 67.17% 67.11% 70.16% 69.81% 69.26% 68.62% 67.67% 67.18% - 65.72% 66.83%
EBITDA Margin		 -16.50% -18.42% -8.06% -10.64% -2.92% -14.16% -11.23% -9.35% - -2.64% 1.43%
Operating Margin		 -24.66% -29.59% -19.21% -21.42% -13.44% -24.82% -21.52% -19.67% - -13.04% -7.98%
EBIT Margin		 -21.33% -25.77% -15.43% -17.94% -9.96% -21.33% -19.30% -17.89% - -11.40% -6.96%
Profit (Net Income) Margin		 -21.82% -26.36% -15.91% -18.50% -10.64% -21.99% -15.41% -18.76% - -12.08% -8.06%
Tax Burden Percent		 102.29% 102.29% 103.13% 103.12% 106.85% 103.10% 79.85% 104.86% - 105.93% 115.70%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -107.28% -103.90% - -110.33% -21.32%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -107.14% -101.73% - -108.99% -19.84%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 88.43% 84.09% - 95.57% 12.63%
Return on Equity (ROE)		 -29.27% -29.18% -26.47% -25.78% -22.64% -22.84% -18.85% -19.81% - -14.77% -8.69%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -161.29% -160.12% - -180.62% -21.37%
Operating Return on Assets (OROA)		 -13.28% -16.95% -10.61% -12.56% -7.03% -15.51% -13.68% -13.17% - -9.07% -5.39%
Return on Assets (ROA)		 -13.58% -17.33% -10.95% -12.95% -7.51% -15.99% -10.92% -13.81% - -9.60% -6.24%
Return on Common Equity (ROCE)		 -29.22% -29.14% -26.45% -25.77% -22.64% -22.83% -18.85% -19.81% - -14.74% -8.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -29.19% -26.10% -25.23% 0.00% -21.92% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -23 -28 -20 -23 -15 -28 -27 -26 -20 -19 -13
NOPAT Margin		 -17.26% -20.71% -13.45% -14.99% -9.41% -17.37% -15.06% -13.77% - -9.13% -5.58%
Net Nonoperating Expense Percent (NNEP)		 -1.25% -1.54% -0.73% -1.11% -0.40% -1.46% -0.15% -2.17% - -1.34% -1.47%
Return On Investment Capital (ROIC_SIMPLE)		 -5.09% - - - -3.18% -5.93% -4.53% -4.37% -3.17% -3.31% -2.08%
Cost of Revenue to Revenue		 32.83% 32.89% 29.84% 30.19% 30.74% 31.38% 32.33% 32.82% - 34.28% 33.17%
SG&A Expenses to Revenue		 19.92% 19.78% 19.46% 20.52% 18.57% 24.99% 20.43% 17.34% - 14.64% 14.01%
R&D to Revenue		 23.76% 25.38% 22.78% 21.61% 20.95% 22.71% 22.90% 23.09% - 21.85% 19.92%
Operating Expenses to Revenue		 91.83% 96.70% 89.37% 91.23% 82.70% 93.44% 89.19% 86.86% - 78.76% 74.80%
Earnings before Interest and Taxes (EBIT)		 -28 -35 -22 -27 -16 -35 -35 -34 -25 -24 -16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -22 -25 -12 -16 -4.69 -23 -20 -18 -7.51 -5.58 3.25
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 12.15 9.69 9.87 7.06 10.02 6.87 4.91 5.30 - 4.30 4.68
Price to Tangible Book Value (P/TBV)		 13.10 10.45 10.61 7.58 10.73 7.35 11.17 11.79 - 9.57 9.93
Price to Revenue (P/Rev)		 11.44 8.36 8.36 5.73 8.02 5.25 4.50 4.60 - 3.18 3.36
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 11.01 12.84 - 10.83 11.88
Enterprise Value to Revenue (EV/Rev)		 10.42 7.40 7.42 4.86 7.15 4.38 3.94 4.05 - 2.68 2.89
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 717.84 1,011.39 121.06 116.96 115.72 65.61 70.13 40.57 - 28.01 26.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.02
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.02
Financial Leverage		 -1.08 -1.14 -1.09 -1.08 -1.08 -1.13 -0.83 -0.83 - -0.88 -0.64
Leverage Ratio		 1.70 1.76 1.74 1.80 1.83 1.87 1.76 1.78 - 1.87 1.79
Compound Leverage Factor		 1.70 1.76 1.74 1.80 1.83 1.87 1.76 1.78 - 1.87 1.79
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 1.80%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 1.80%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.04% 0.03% -0.01% -0.05% -0.02% 0.01% 0.03% 0.06% - 0.26% 0.33%
Common Equity to Total Capital		 99.96% 99.97% 100.01% 100.05% 100.02% 99.99% 99.97% 99.94% - 99.74% 97.87%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -0.40
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 14.43
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -0.40
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -0.14
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 5.12
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -0.14
Altman Z-Score		 8.93 6.69 7.31 5.10 7.32 4.73 3.96 4.15 - 2.76 3.06
Noncontrolling Interest Sharing Ratio		 0.18% 0.14% 0.08% 0.03% 0.01% 0.02% 0.01% 0.01% - 0.14% 0.18%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.08 1.96 2.03 1.99 1.98 1.92 1.37 1.36 - 1.24 1.27
Quick Ratio		 1.96 1.85 1.93 1.89 1.88 1.82 1.28 1.28 - 1.15 1.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -47 -3.74 -21 -11 -14 -312 -280 -270 -279 19
Operating Cash Flow to CapEx		 51.92% 243.84% 265.24% -402.04% 909.64% 1,898.11% 203.33% 657.69% - 2,106.82% 981.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 0.66 0.69 0.70 0.71 0.73 0.71 0.74 - 0.80 0.77
Accounts Receivable Turnover		 5.53 6.82 7.58 6.98 6.33 7.39 8.21 7.68 - 7.70 8.31
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 18.99 16.92 17.78 17.97 17.48 15.87 16.43 17.13 - 19.38 20.34
Accounts Payable Turnover		 31.32 38.59 52.66 39.93 43.25 63.24 73.13 68.12 - 76.40 212.27
Days Sales Outstanding (DSO)		 65.99 53.54 48.15 52.30 57.66 49.37 44.46 47.50 - 47.43 43.91
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 11.66 9.46 6.93 9.14 8.44 5.77 4.99 5.36 - 4.78 1.72
Cash Conversion Cycle (CCC)		 54.33 44.08 41.22 43.16 49.22 43.60 39.47 42.15 - 42.65 42.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -35 -51 -50 -35 -39 -65 234 219 212 195 203
Invested Capital Turnover		 -14.09 -8.37 -12.63 -16.74 -16.07 -10.71 7.12 7.54 - 12.09 3.82
Increase / (Decrease) in Invested Capital		 -3.16 19 -16 -2.15 -3.70 -14 285 253 250 260 -31
Enterprise Value (EV)		 4,917 3,738 3,974 2,739 4,245 2,718 2,579 2,805 - 2,113 2,409
Market Capitalization		 5,396 4,225 4,478 3,232 4,758 3,257 2,943 3,189 - 2,499 2,807
Book Value per Share		 $4.45 $4.32 $4.46 $4.46 $4.59 $4.53 $5.67 $5.41 $5.56 $5.25 $5.33
Tangible Book Value per Share		 $4.13 $4.01 $4.15 $4.15 $4.28 $4.23 $2.49 $2.43 $2.68 $2.36 $2.51
Total Capital		 444 436 454 458 475 474 599 602 624 583 613
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11
Net Debt		 -479 -487 -504 -493 -514 -539 -365 -384 -412 -388 -399
Capital Expenditures (CapEx)		 7.36 7.95 4.38 2.84 1.88 1.27 3.42 3.19 5.49 1.34 2.47
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -168 -194 -196 -187 -194 -224 -234 -251 -265 -283 -291
Debt-free Net Working Capital (DFNWC)		 312 293 308 305 320 315 131 133 148 105 120
Net Working Capital (NWC)		 312 293 308 305 320 315 131 133 148 105 120
Net Nonoperating Expense (NNE)		 5.97 7.65 3.58 5.33 1.97 7.49 0.64 9.52 12 6.23 5.62
Net Nonoperating Obligations (NNO)		 -479 -487 -504 -493 -514 -539 -365 -384 -412 -388 -399
Total Depreciation and Amortization (D&A)		 6.33 9.95 11 11 11 12 15 16 17 18 19
Debt-free, Cash-free Net Working Capital to Revenue		 -35.57% -38.35% -36.51% -33.24% -32.69% -36.13% -35.75% -36.22% - -35.94% -34.86%
Debt-free Net Working Capital to Revenue		 66.06% 58.02% 57.54% 54.10% 53.85% 50.85% 19.99% 19.13% - 13.36% 14.33%
Net Working Capital to Revenue		 66.06% 58.02% 57.54% 54.10% 53.85% 50.85% 19.99% 19.13% - 13.36% 14.33%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.28) ($0.35) ($0.23) ($0.27) ($0.17) ($0.34) ($0.26) ($0.33) ($0.29) ($0.24) ($0.17)
Adjusted Weighted Average Basic Shares Outstanding		 98.10M 100.79M 101.45M 102.15M 102.19M 104.57M 106.81M 107.63M 107.91M 110.80M 111.25M
Adjusted Diluted Earnings per Share		 ($0.28) ($0.35) ($0.23) ($0.27) ($0.17) ($0.34) ($0.26) ($0.33) ($0.29) ($0.24) ($0.17)
Adjusted Weighted Average Diluted Shares Outstanding		 98.10M 100.79M 101.45M 102.15M 102.19M 104.57M 106.81M 107.63M 107.91M 110.80M 111.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 100.84M 101.63M 102.73M 103.48M 104.63M 105.61M 111.27M 112.22M 113.45M 112.63M 113.58M
Normalized Net Operating Profit after Tax (NOPAT)		 -23 -28 -20 -23 -15 -28 -27 -26 -20 -19 -13
Normalized NOPAT Margin		 -17.26% -20.71% -13.45% -14.99% -9.41% -17.37% -15.06% -13.77% - -9.13% -5.58%
Pre Tax Income Margin		 -21.33% -25.77% -15.43% -17.94% -9.96% -21.33% -19.30% -17.89% - -11.40% -6.96%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Braze’s latest quarter shows solid top-line growth, but the company is still running at a meaningful loss. In Q1 FY2027, revenue rose to $211.0 million from $205.2 million in the prior quarter and $162.1 million a year earlier, showing continued demand growth. However, operating costs remained high enough that Braze posted a net loss of $25.5 million for the quarter.

  • Revenue growth continues: Q1 FY2027 revenue increased 2.8% sequentially and 30.3% year over year, a healthy pace for a software company.
  • Gross profit remains strong: Gross profit was $138.7 million, with gross margin around 65.7%, indicating the core model still generates good unit economics.
  • Operating cash flow is positive: Braze generated $28.1 million in operating cash flow in Q1 FY2027, up from $19.4 million in Q1 FY2026.
  • Cash and investments are substantial: The balance sheet ended Q1 FY2027 with $145.3 million in cash, $242.2 million in short-term investments, and $546.7 million in current assets overall.
  • Liquidity appears manageable: Total current assets of $546.7 million exceeded total current liabilities of $441.5 million.
  • Deferred revenue is large: Current deferred revenue of $342.5 million suggests a sizable amount of future revenue already contracted.
  • Non-cash expenses are significant: Depreciation and amortization remain meaningful, helping bridge net loss to positive operating cash flow.
  • Share count is still elevated: Weighted average diluted shares were 110.8 million in Q1 FY2027, which can dilute per-share progress.
  • Investing activity is mostly portfolio management: Cash flow from investing has been driven largely by purchases and maturities of investments rather than heavy capital spending.
  • Balance sheet includes substantial goodwill and intangibles: These assets are large relative to total assets and deserve monitoring, though they are not an immediate cash concern.
  • Losses continue: Braze reported a net loss of $25.5 million in Q1 FY2027 and has remained unprofitable across the four-year data set.
  • Operating income is still negative: Q1 FY2027 operating loss was $27.5 million, showing expenses are still outrunning gross profit.
  • Marketing spend is very heavy: Marketing expense was $89.2 million in Q1 FY2027, the largest operating expense line and a major drag on profitability.
  • Financing included a major buyback: The company repurchased $50.0 million of common equity in Q1 FY2027, which reduced cash despite positive operating cash flow.
  • Free cash flow is still pressured by investment activity and capex: While operating cash flow improved, investing outflows and capital spending limited total cash generation.

Longer-term trend: Braze has grown revenue steadily from $77.5 million in Q1 FY2023 to $211.0 million in Q1 FY2027, but it has not yet translated that growth into sustained profitability. The good news is that operating cash flow has turned consistently positive in the latest periods, and the balance sheet remains well capitalized. The key question for investors is whether Braze can keep growing while bringing operating expenses under better control.

09/19/26 06:36 PM ETAI Generated. May Contain Errors.

Braze Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Braze's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Braze's net income appears to be on an upward trend, with a most recent value of -$130.79 million in 2026, rising from -$31.81 million in 2020. The previous period was -$104.05 million in 2025. See Braze's forecast for analyst expectations on what's next for the company.

Braze's total operating income in 2026 was -$144.76 million, based on the following breakdown:
  • Total Gross Profit: $495.66 million
  • Total Operating Expenses: $640.41 million

Over the last 6 years, Braze's total revenue changed from $96.36 million in 2020 to $738.18 million in 2026, a change of 666.0%.

Braze's total liabilities were at $489.60 million at the end of 2026, a 23.6% increase from 2025, and a 373.3% increase since 2021.

In the past 5 years, Braze's cash and equivalents has ranged from $28.51 million in 2021 to $478.94 million in 2022, and is currently $124.34 million as of their latest financial filing in 2026.

Over the last 6 years, Braze's book value per share changed from 0.00 in 2020 to 5.56 in 2026, a change of 555.9%.


Related Companies

Financial statements for NASDAQ:BRZE last updated on 9/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
ALERT: Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings researc...
Weiss Ratings | Sponsoredtc pixel
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from c...
Altimetry | Sponsoredtc pixel
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel
These gold assets are priced for $1,800 gold [it's over $4,000]
Gold's major miners are generating record free cash flow, with margins as high as 75 percent even after gold's...
Golden Portfolio | Sponsoredtc pixel
Here’s Why Trump Won’t End The Iran War
Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up. O...
Banyan Hill Publishing | Sponsoredtc pixel
Your book is inside
The "Sucker's Bet" Most New Options Traders Fall For Most people who try options lose money the same way. ...
Profits Run | Sponsoredtc pixel