Financials
Income statement, balance sheet and cash flow, built from SEC EDGAR filings.
Braze, Inc.
BRZE
· CIK 0001676238
Figures in millions of USD unless the line is a per-share amount or a share count.
| Line item | TTM 2026-07-31 | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 834 | 738 | 593 | 472 | 355 |
| Gross Profit | 553 | 496 | 410 | 324 | 240 |
| Operating Income | -111 | -145 | -122 | -145 | -148 |
| Pre-Tax Income | -99 | -128 | -101 | -128 | -140 |
| Net Income | — | -131 | -104 | -130 | -141 |
| EPS (Diluted) | -1.02 | -1.22 | -1.02 | -1.32 | -1.47 |
| Balance Sheet | |||||
| Total Assets | 1,131 | 1,114 | 871 | 811 | 705 |
| Total Liabilities | 529 | 490 | 396 | 367 | 259 |
| Shareholders' Equity | 600 | 624 | 475 | 444 | 445 |
| Cash & Equivalents | 167 | 124 | 83 | 68 | 69 |
| Cash Flow | |||||
| Operating Cash Flow | 93 | 71 | 37 | 7 | -22 |
| Capital Expenditures | -8 | -10 | -13 | -10 | -15 |
| Free Cash Flow | 85 | 62 | 23 | -3 | -38 |
| Ratios | |||||
| Gross Margin | 66.30% | 67.15% | 69.13% | 68.73% | 67.41% |
| Operating Margin | -13.36% | -19.61% | -20.59% | -30.67% | -41.68% |
| Profit Margin | — | -17.72% | -17.53% | -27.64% | -39.60% |
| Free Cash Flow Margin | 10.15% | 8.38% | 3.95% | -0.62% | -10.62% |
| Line item | TTM 2026-07-31 | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 834 | 738 | 593 | 472 | 355 |
| Cost of Revenue | |||||
| Cost of Revenue | 281 | 243 | 183 | 148 | 116 |
| Gross Profit | |||||
| Gross Profit | 553 | 496 | 410 | 324 | 240 |
| Operating Expenses | |||||
| R&D Expense | 180 | 167 | 134 | 120 | 97 |
| Selling & Marketing | 352 | 327 | 282 | 247 | 202 |
| General & Administrative | 132 | 146 | 116 | 102 | 89 |
| Total Operating Expenses | 665 | 640 | 532 | 469 | 388 |
| Operating Income | |||||
| Operating Income | -111 | -145 | -122 | -145 | -148 |
| Non-Operating Items | |||||
| Other Non-Operating Items | 13 | 17 | 22 | 16 | 8 |
| Pre-Tax Income | |||||
| Income Before Tax | -99 | -128 | -101 | -128 | -140 |
| Tax | |||||
| Income Tax Expense | 12 | 3 | 3 | 2 | 1 |
| Net Income | |||||
| Net Income Available to Common | — | -131 | -104 | -130 | -141 |
| EPS | |||||
| EPS (Basic) | -1.02 | -1.22 | -1.02 | -1.32 | -1.47 |
| EPS (Diluted) | -1.02 | -1.22 | -1.02 | -1.32 | -1.47 |
| Shares | |||||
| Shares Outstanding (Basic) | 442 | 108 | 102 | 98 | 95 |
| Shares Outstanding (Diluted) | 442 | 108 | 102 | 98 | 95 |
| Other Items | |||||
| Net Income (Loss) Attributable to Redeemable Noncontrolling Interest | 2 | 1 | 0 | -1 | -2 |
| Line item | TTM 2026-07-31 | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 | FY 2021 2021-01-31 | FY 2020 2020-01-31 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total Assets | 1,131 | 1,114 | 871 | 811 | 705 | 666 | 171 | — |
| Current Assets | 570 | 568 | 644 | 601 | 583 | 608 | 134 | — |
| Current Assets | ||||||||
| Cash & Cash Equivalents | 167 | 124 | 83 | 68 | 69 | 479 | 29 | — |
| Accounts Receivable, Net | 112 | 122 | 95 | 92 | 78 | 65 | 35 | — |
| Prepaid & Other Current Assets | 47 | 33 | 35 | 29 | 26 | 30 | 12 | — |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment, Net | 42 | 44 | 39 | 29 | 20 | 7 | 5 | — |
| Goodwill | 262 | 262 | 28 | 28 | 0 | — | — | — |
| Intangible Assets, Net (excl. Goodwill) | 56 | 61 | 3 | 4 | 1 | — | — | — |
| Other Non-Current Assets | 5 | 3 | 3 | 3 | 3 | 5 | 0 | — |
| Operating Lease Right-of-Use Assets | 72 | 72 | 76 | 81 | 46 | 0 | — | — |
| Liabilities & Equity | ||||||||
| Total Liabilities & Equity | 1,131 | 1,114 | 871 | 811 | 705 | 666 | 171 | — |
| Liabilities | ||||||||
| Total Liabilities | 529 | 490 | 396 | 367 | 259 | 161 | 103 | — |
| Current Liabilities | ||||||||
| Current Liabilities | 450 | 420 | 324 | 289 | 217 | 160 | 101 | — |
| Accounts Payable | 2 | 2 | 2 | 6 | 3 | 2 | 0 | — |
| Deferred Revenue, Current | 347 | 305 | 240 | 204 | 166 | 126 | 75 | — |
| Operating Lease Liability, Current | 19 | 19 | 18 | 16 | 11 | 0 | — | — |
| Non-Current Liabilities | ||||||||
| Operating Lease Liability, Non-Current | 62 | 63 | 69 | 75 | 41 | 0 | — | — |
| Other Non-Current Liabilities | 5 | 6 | 2 | 2 | 1 | 1 | 2 | — |
| Deferred Tax Liabilities | — | — | — | — | — | — | 0 | — |
| Equity | ||||||||
| Total Stockholders' Equity | 600 | 624 | 475 | 444 | 445 | 502 | -109 | -87 |
| Common Stock | — | — | — | — | — | — | 0 | — |
| Additional Paid-In Capital | 1,364 | 1,340 | 1,063 | 928 | 806 | 717 | 30 | — |
| Retained Earnings (Deficit) | -764 | -718 | -587 | -483 | -354 | -215 | -138 | — |
| Accumulated OCI | 0 | 2 | -1 | -1 | -7 | -1 | 0 | — |
| Other Items | ||||||||
| Accounts Receivable, Allowance for Credit Loss, Current | 1 | 2 | 3 | 3 | 2 | 1 | 1 | — |
| Temporary equity, par value | — | — | — | — | — | — | 0.00 | — |
| Temporary equity, shares authorized | — | — | — | — | — | — | 65 | — |
| Restricted Cash, Current | 1 | 1 | 0 | 3 | 0 | — | 0 | — |
| Temporary equity, shares issued | — | — | — | — | — | — | 63 | — |
| Temporary equity, shares outstanding | — | — | — | — | — | — | 63 | 63 |
| Common stock, par value | — | — | — | — | — | — | 0.00 | — |
| Debt Securities, Available-for-Sale, Current | — | — | — | — | — | — | 58 | — |
| Common stock, shares authorized | 2,000 | 2,000 | — | — | — | — | 99 | — |
| Common stock, shares issued | — | — | — | — | — | — | 19 | — |
| Restricted Cash, Noncurrent | 3 | 3 | 1 | 1 | 4 | 4 | 4 | — |
| Common stock, shares outstanding | — | — | — | — | — | — | 19 | — |
| Debt Securities, Available-for-Sale, Excluding Accrued Interest, Current | 243 | 288 | 430 | 408 | 410 | 35 | — | — |
| Capitalized Contract Cost, Net, Noncurrent | 107 | 101 | 77 | 64 | 48 | 42 | 27 | — |
| Finance Lease, Right-of-Use Asset, after Accumulated Amortization | 15 | 0 | — | — | — | — | — | — |
| Accrued expenses and other current liabilities | 79 | 95 | 64 | 63 | 37 | 32 | 26 | — |
| Convertible preferred stock | — | — | — | — | — | — | 174 | 174 |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | 2 | 0 | 0 | 0 | 1 | 3 | 2 | 0 |
| Finance Lease, Liability, Current | 4 | 0 | — | — | — | — | — | — |
| Finance Lease, Liability, Noncurrent | 11 | 0 | — | — | — | — | — | — |
| Line item | TTM 2026-07-31 | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -111 | -131 | -104 | -130 | -141 |
| Operating Cash Flow | 93 | 71 | 37 | 7 | -22 |
| Depreciation & Amortization (CF) | 6 | 19 | 10 | 7 | 5 |
| Share-Based Compensation | 147 | 144 | 115 | 97 | 72 |
| Change in Accounts Receivable | -24 | -23 | -5 | -14 | -15 |
| Change in Accounts Payable | 0 | -1 | -4 | 3 | 1 |
| Change in Accrued Liabilities | 10 | 26 | 4 | 21 | 5 |
| Change in Deferred Revenue | 85 | 57 | 36 | 34 | 40 |
| Change in Prepaid & Other Assets | -16 | 4 | -7 | -3 | 4 |
| Other Non-Cash Items | 0 | 0 | 0 | 0 | 0 |
| Provision for Credit Losses | 0 | 1 | 2 | 2 | 1 |
| Investing Activities | |||||
| Investing Cash Flow | 26 | -51 | -36 | -20 | -399 |
| Capital Expenditures | -8 | -10 | -13 | -10 | -15 |
| Acquisitions, Net of Cash | -1 | -182 | 0 | -16 | 0 |
| Maturities of Investments | 132 | 175 | 195 | 258 | 256 |
| Financing Activities | |||||
| Financing Cash Flow | -33 | 23 | 12 | 13 | 11 |
| Reconciliation | |||||
| Effect of Exchange Rate Changes | 0 | 1 | 0 | 0 | -1 |
| Net Change in Cash | 85 | 45 | 11 | 0 | -410 |
| Supplemental | |||||
| Income Taxes Paid | 4 | 4 | 3 | 0 | 0 |
| Other Items | |||||
| Capitalized Contract Cost, Amortization | 47 | 41 | 35 | 30 | 24 |
| Noncash Contribution Expense | 2 | 3 | 4 | 4 | 4 |
| Amortization of Debt Discount (Premium) | 0 | -1 | -2 | -2 | 1 |
| Gain (Loss), Foreign Currency Transaction, before Tax | — | 0 | -1 | 0 | 2 |
| Business Combination, Contingent Consideration, Change in Contingent Consideration, Asset, Increase (Decrease) | — | 0 | 0 | -2 | 0 |
| Asset, Impairment Loss | — | 0 | 0 | 0 | 0 |
| Deferred contract costs | -72 | -65 | -48 | -45 | -30 |
| ROU assets and liabilities | -2 | -1 | 2 | 4 | 3 |
| Other assets {1} | 5 | -2 | 0 | 0 | 2 |
| Increase (Decrease) in Other Noncurrent Liabilities | -3 | 0 | 0 | 1 | 0 |
| Payments to Develop Software | -4 | -4 | -4 | -4 | -1 |
| Payments to Acquire Debt Securities, Available-for-Sale | -134 | -152 | -218 | -248 | -638 |
| Return of principal on marketable securities | — | 121 | 3 | 0 | 0 |
| Proceeds from Stock Plans | 3 | 7 | 8 | 6 | 0 |
| Payment for Contingent Consideration Liability, Financing Activities | 0 | 0 | -3 | 0 | 0 |
| Stock-based compensation capitalized to internal-use software | 2 | 2 | 2 | 2 | 1 |
| Debt Securities, Available-for-Sale, Unrealized Gain (Loss) | -1 | 0 | 1 | 5 | -6 |
| Net change in capitalized internal-use software development costs in accrued expenses | — | — | 0 | 0 | 0 |
| Net change to property and equipment (included in accounts payable / accrued liabilities) | -1 | 0 | 0 | 0 | 0 |
| Settlement of Asset Retirement Obligations Through Noncash Payments, Amount | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 1 | -108 | 0 | -6 | 0 |
| Vesting of early exercised options | — | — | 0 | 0 | 0 |
| Contingent consideration, acquisition | — | 0 | 0 | -2 | 0 |
| Indemnity escrows, acquisition | — | -3 | 0 | -3 | 0 |
Ratios derived from the statements above and the EOD price feed; prices are taken at each period's end date.
| Line item | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 |
|---|---|---|---|---|
| Financial Efficiency | ||||
| Asset Turnover | 0.66 | 0.68 | 0.58 | 0.50 |
| Current Ratio | 1.35 | 1.98 | 2.08 | 2.68 |
| Debt / EBITDA Ratio | -0.66 | -0.78 | -0.66 | -0.36 |
| Debt / Equity Ratio | 0.13 | 0.18 | 0.20 | 0.12 |
| Debt / FCF Ratio | 1.34 | 3.73 | -31.13 | -1.36 |
| Net Debt / EBITDA Ratio | 0.33 | -0.04 | -0.16 | 0.12 |
| Net Debt / Equity Ratio | -0.07 | 0.01 | 0.05 | -0.04 |
| Net Debt / FCF Ratio | -0.67 | 0.19 | -7.69 | 0.46 |
| Quick Ratio | 0.59 | 0.55 | 0.55 | 0.68 |
| Return on Assets (ROA) | -13.18% | -12.37% | -17.20% | -19.95% |
| Return on Capital Employed (ROCE) | -20.88% | -22.35% | -27.75% | -30.35% |
| Return on Equity (ROE) | -23.81% | -22.64% | -29.33% | -31.61% |
| Return on Invested Capital (ROIC) | -22.47% | -21.71% | -27.95% | -32.88% |
| Yields | ||||
| Earnings Yield | -5.86% | -2.22% | -2.44% | — |
| FCF Yield | 2.75% | 0.50% | -0.05% | — |
| Total Valuation | ||||
| Enterprise Value | 2,288 | 4,694 | 5,280 | — |
| Last Close Price | 20.82 | 45.98 | 54.05 | — |
| Market Capitalization | 2,247 | 4,699 | 5,302 | — |
| EV Ratios | ||||
| EV/EBIT Ratio | -15.81 | -38.43 | -36.49 | — |
| EV/EBITDA Ratio | -18.24 | -41.90 | -38.33 | — |
| EV/FCF Ratio | 37.00 | 200.22 | -1,813.71 | — |
| EV/Sales Ratio | 3.10 | 7.91 | 11.19 | — |
| Price Ratios | ||||
| P/FCF Ratio | 36.32 | 200.40 | -1,821.40 | — |
| P/OCF Ratio | 31.45 | 128.10 | 774.03 | — |
| P/TBV Ratio | 7.48 | 10.60 | 12.87 | — |
| PB Ratio | 3.60 | 9.89 | 11.94 | — |
| PE Ratio | -17.07 | -45.08 | -40.95 | — |
| PEG Ratio | — | -1.98 | -4.01 | — |
| PS Ratio | 3.04 | 7.92 | 11.24 | — |