Braze (BRZE) Financials

$28.33 -0.70 (-2.41%)

As of 04/14/2025 04:00 PM Eastern

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

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Income / (Loss) Attributable to Common Shareholders	-33	-33	-33	-38	-32	-31	-28	-36	-23	-28	-17
Consolidated Net Income / (Loss)	-33	-34	-34	-39	-32	-31	-29	-36	-23	-28	-17
Net Income / (Loss) Continuing Operations	-33	-34	-34	-39	-32	-31	-29	-36	-23	-28	-17
Total Pre-Tax Income	-33	-34	-33	-38	-32	-31	-28	-35	-22	-27	-16
Total Operating Income	-35	-37	-37	-42	-35	-35	-32	-40	-28	-33	-22
Total Gross Profit	59	64	65	69	80	88	88	91	102	106	111
Total Revenue	86	93	99	102	115	124	131	135	145	152	160
Operating Revenue	86	93	99	102	115	124	131	135	145	152	160
Total Cost of Revenue	27	29	33	33	35	36	43	45	43	46	49
Operating Cost of Revenue	27	29	33	33	35	36	43	45	43	46	49
Total Operating Expenses	94	101	102	111	115	123	120	131	130	139	133
Selling, General & Admin Expense	21	22	22	24	25	26	26	27	28	31	30
Marketing Expense	50	53	53	57	60	66	63	70	69	75	69
Research & Development Expense	23	26	27	30	29	30	31	34	33	33	34
Total Other Income / (Expense), net	1.73	2.58	3.64	3.46	3.87	4.54	4.35	5.17	5.50	5.29	5.59
Other Income / (Expense), net	1.73	2.58	3.64	3.46	3.87	4.54	4.35	5.17	5.50	5.29	5.59
Income Tax Expense	0.00	-0.39	0.97	0.39	0.55	0.39	0.64	0.80	0.70	0.85	1.09
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.53	-0.53	-0.36	-0.37	-0.36	-0.24	-0.30	-0.07	-0.15	-0.22	0.13
Basic Earnings per Share	($0.35)	($0.35)	($0.35)	($0.40)	($0.33)	($0.31)	($0.28)	($0.35)	($0.23)	($0.27)	($0.17)
Weighted Average Basic Shares Outstanding	94.10M	94.47M	94.57M	96.35M	97.18M	97.88M	98.10M	100.79M	101.45M	102.15M	102.19M
Diluted Earnings per Share	($0.35)	($0.35)	($0.35)	($0.40)	($0.33)	($0.31)	($0.28)	($0.35)	($0.23)	($0.27)	($0.17)
Weighted Average Diluted Shares Outstanding	94.10M	94.47M	94.57M	96.35M	97.18M	97.88M	98.10M	100.79M	101.45M	102.15M	102.19M
Weighted Average Basic & Diluted Shares Outstanding	95.04M	95.71M	96.23M	97.59M	98.87M	99.84M	100.84M	101.63M	102.73M	103.48M	104.63M

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

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Change in Cash & Equivalents	-9.73	-35	23	49	-40	-17	7.76	6.57	0.95	-18	22
Net Cash From Operating Activities	-16	-24	0.01	23	-18	-2.00	3.82	19	12	-11	17
Net Cash From Continuing Operating Activities	-16	-24	-0.02	23	-18	-2.00	3.82	19	12	-11	17
Net Income / (Loss) Continuing Operations	-33	-34	-34	-39	-32	-31	-29	-36	-23	-28	-17
Consolidated Net Income / (Loss)	-33	-34	-34	-39	-32	-31	-29	-36	-23	-28	-17
Depreciation Expense	0.94	1.03	1.69	1.53	1.32	2.24	1.88	2.13	2.61	2.64	2.75
Amortization Expense	5.78	6.80	6.97	7.13	7.80	8.33	4.45	7.83	8.11	8.46	8.54
Non-Cash Adjustments To Reconcile Net Income	17	21	20	25	27	25	25	29	31	31	29
Changes in Operating Assets and Liabilities, net	-6.65	-19	5.09	28	-22	-7.01	0.62	16	-7.24	-26	-5.95
Net Cash From Investing Activities	4.00	-13	18	24	-28	-16	-0.50	-11	-17	-8.20	-0.84
Net Cash From Continuing Investing Activities	4.00	-13	18	24	-28	-16	-0.50	-11	-17	-8.20	-0.84
Purchase of Property, Plant & Equipment	-8.36	-4.14	-1.93	-0.89	-1.18	-3.91	-7.36	-7.95	-4.38	-2.84	-1.88
Purchase of Investments	-122	-71	-23	-46	-75	-71	-56	-60	-82	-37	-38
Sale and/or Maturity of Investments	135	62	43	71	65	58	63	57	70	32	39
Net Cash From Financing Activities	2.78	1.80	4.12	2.21	5.12	1.67	4.10	-1.88	5.92	1.48	6.18
Net Cash From Continuing Financing Activities	2.78	1.80	4.12	2.21	5.12	1.67	4.10	-1.88	5.92	1.48	6.18
Issuance of Common Equity	-	-	-	-	-	3.22	2.79	-	-	-	2.95
Other Financing Activities, net	2.78	1.80	4.12	2.21	5.12	-1.55	1.31	-1.88	1.17	1.48	3.22
Effect of Exchange Rate Changes	-0.19	-0.63	1.04	-0.18	-0.12	-0.51	0.33	-0.34	0.24	0.32	-0.67
Cash Income Taxes Paid	0.15	0.01	0.04	-0.47	0.55	0.10	0.13	1.58	0.38	0.56	0.43

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	184	716	702	677	721	732	769	816	826	842
Total Current Assets	131	599	581	556	598	574	567	599	606	613
Cash & Equivalents	42	91	81	45	117	77	60	75	79	61
Restricted Cash	0.00	-	-	-	3.37	3.37	3.37	3.37	0.00	0.00
Short-Term Investments	35	439	426	428	386	395	408	409	425	431
Accounts Receivable	36	43	48	58	67	70	71	82	71	90
Prepaid Expenses	18	26	26	24	25	28	24	30	31	30
Plant, Property, & Equipment, net	6.29	9.50	16	20	20	21	23	39	40	40
Total Noncurrent Assets	47	108	105	101	103	137	179	178	180	189
Goodwill	-	-	-	-	-	28	28	28	28	28
Intangible Assets	-	-	-	-	-	4.12	3.91	3.47	3.33	3.23
Other Noncurrent Operating Assets	47	108	105	101	103	105	147	146	148	157
Total Liabilities & Shareholders' Equity	184	716	702	677	721	732	769	816	826	842
Total Liabilities	125	229	229	223	285	291	330	380	372	384
Total Current Liabilities	122	181	184	182	245	248	248	306	298	308
Accounts Payable	1.20	2.68	2.89	2.06	3.57	1.88	5.95	4.69	4.47	2.91
Accrued Expenses	23	29	35	28	47	56	50	56	65	63
Current Deferred Revenue	98	139	136	141	181	177	179	229	212	224
Other Current Liabilities	-	9.99	11	11	13	14	14	15	16	18
Total Noncurrent Liabilities	2.26	48	45	42	40	43	82	74	74	76
Other Noncurrent Operating Liabilities	2.20	48	45	42	40	43	82	74	74	76
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	178	2.87	2.34	1.81	1.08	0.73	0.49	0.13	-0.02	-0.24
Total Equity & Noncontrolling Interests	-118	485	471	452	435	440	438	436	454	458
Total Preferred & Common Equity	-118	485	471	452	435	440	438	436	454	458
Total Common Equity	-118	485	471	452	435	440	438	436	454	458
Common Stock	54	741	761	783	833	870	898	958	996	1,027
Retained Earnings	-172	-254	-287	-320	-392	-424	-455	-519	-542	-570
Accumulated Other Comprehensive Income / (Loss)	-0.29	-2.40	-3.75	-9.87	-5.31	-5.88	-5.19	-3.39	-0.25	0.35

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

Metric	2020	2021	2022	2023	2024	2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	55.86%	58.49%	49.32%	32.74%	25.78%
EBITDA Growth	0.00%	31.37%	-204.43%	-92.36%	15.17%	38.64%
EBIT Growth	0.00%	6.13%	-149.21%	-78.93%	8.34%	21.69%
NOPAT Growth	0.00%	4.12%	-143.25%	-89.41%	2.33%	15.57%
Net Income Growth	0.00%	-0.50%	-144.51%	-80.06%	7.33%	20.23%
EPS Growth	0.00%	9.69%	-24.29%	33.18%	10.20%	22.73%
Operating Cash Flow Growth	0.00%	17.45%	-482.20%	36.98%	130.71%	435.47%
Free Cash Flow Firm Growth	0.00%	0.00%	-1,755.45%	-25.67%	-21.05%	16.62%
Invested Capital Growth	0.00%	0.00%	51.26%	-244.06%	-9.91%	-10.54%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.63%	7.34%	5.22%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	10.35%	2.70%	22.72%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	6.25%	3.71%	10.63%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	3.93%	2.84%	8.08%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	6.34%	3.86%	9.96%
EPS Q/Q Growth	0.00%	0.00%	0.00%	10.91%	5.04%	9.73%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-226.31%	52.38%	125.25%	56.63%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-7.79%	9.97%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-64.50%	-7.55%	-11.55%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	62.97%	63.71%	67.02%	67.41%	68.73%	69.13%
EBITDA Margin	-28.55%	-12.57%	-24.15%	-31.11%	-19.88%	-9.70%
Operating Margin	-34.80%	-21.41%	-32.86%	-41.68%	-30.67%	-20.59%
EBIT Margin	-34.75%	-20.93%	-32.91%	-39.44%	-27.23%	-16.95%
Profit (Net Income) Margin	-33.01%	-21.29%	-32.84%	-39.60%	-27.65%	-17.53%
Tax Burden Percent	101.44%	101.71%	99.79%	100.42%	101.52%	103.42%
Interest Burden Percent	93.65%	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%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-47.04%	-27.29%	-29.58%	-29.27%	-22.64%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-18.34%	-18.70%	-20.44%	-16.94%	-11.96%
Return on Assets (ROA)	0.00%	-18.65%	-18.66%	-20.52%	-17.20%	-12.37%
Return on Common Equity (ROCE)	0.00%	75.12%	-18.73%	-29.44%	-29.22%	-22.64%
Return on Equity Simple (ROE_SIMPLE)	0.00%	29.46%	-15.58%	-31.61%	-29.36%	-21.91%
Net Operating Profit after Tax (NOPAT)	-23	-23	-55	-104	-101	-86
NOPAT Margin	-24.36%	-14.99%	-23.00%	-29.18%	-21.47%	-14.41%
Net Nonoperating Expense Percent (NNEP)	0.00%	-21.76%	-7.79%	-7.46%	-6.08%	-3.73%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-23.29%	-22.80%	-18.01%
Cost of Revenue to Revenue	37.03%	36.29%	32.98%	32.59%	31.27%	30.87%
SG&A Expenses to Revenue	17.15%	18.62%	21.66%	24.98%	21.61%	19.56%
R&D to Revenue	21.11%	19.45%	24.80%	27.37%	25.41%	22.58%
Operating Expenses to Revenue	97.77%	85.11%	99.87%	109.09%	99.40%	89.72%
Earnings before Interest and Taxes (EBIT)	-33	-31	-78	-140	-128	-101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-28	-19	-57	-111	-94	-58
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	9.19	6.88	12.15	10.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	9.19	6.89	13.10	10.73
Price to Revenue (P/Rev)	5.40	3.46	19.36	8.62	11.44	8.02
Price to Earnings (P/E)	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%
Earnings Yield	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
Enterprise Value to Revenue (EV/Rev)	0.00	4.06	17.21	7.27	10.42	7.15
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	717.84	115.72
Enterprise Value to Free Cash Flow (EV/FCFF)	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
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.28	-1.05	-1.04	-1.08	-1.08
Leverage Ratio	0.00	2.52	1.46	1.44	1.70	1.83
Compound Leverage Factor	0.00	2.52	1.46	1.44	1.70	1.83
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	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%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	259.67%	0.64%	0.33%	0.04%	-0.02%
Common Equity to Total Capital	0.00%	-159.67%	99.36%	99.67%	99.96%	100.02%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.39	17.45	6.87	8.52	7.00
Noncontrolling Interest Sharing Ratio	0.00%	259.67%	31.37%	0.49%	0.18%	0.01%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.32	3.80	2.68	2.08	1.98
Quick Ratio	0.00	1.20	3.62	2.56	1.96	1.88
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-3.48	-65	-81	-98	-82
Operating Cash Flow to CapEx	-288.37%	-139.71%	-809.10%	-133.54%	51.37%	215.16%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.88	0.57	0.52	0.62	0.71
Accounts Receivable Turnover	0.00	4.32	4.80	4.98	5.53	6.33
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	27.38	36.96	25.63	18.99	17.48
Accounts Payable Turnover	0.00	124.17	62.26	44.68	31.32	43.25
Days Sales Outstanding (DSO)	0.00	84.50	76.11	73.34	65.99	57.66
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	2.94	5.86	8.17	11.66	8.44
Cash Conversion Cycle (CCC)	0.00	81.56	70.25	65.18	54.33	49.22
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	-19	-9.28	-32	-35	-39
Invested Capital Turnover	0.00	-15.78	-16.82	-17.26	-14.09	-16.07
Increase / (Decrease) in Invested Capital	0.00	-19	9.76	-23	-3.16	-3.70
Enterprise Value (EV)	0.00	609	4,096	2,585	4,917	4,245
Market Capitalization	520	520	4,607	3,063	5,396	4,758
Book Value per Share	$0.00	($6.04)	$5.45	$4.65	$4.45	$4.59
Tangible Book Value per Share	$0.00	($6.04)	$5.45	$4.65	$4.13	$4.28
Total Capital	0.00	68	505	447	444	475
Total Debt	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
Net Debt	0.00	-87	-514	-479	-479	-514
Capital Expenditures (CapEx)	2.55	4.35	4.38	17	13	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-54	-66	-113	-168	-194
Debt-free Net Working Capital (DFNWC)	0.00	33	448	366	312	320
Net Working Capital (NWC)	0.00	33	448	366	312	320
Net Nonoperating Expense (NNE)	8.34	9.46	23	37	29	19
Net Nonoperating Obligations (NNO)	0.00	-87	-514	-479	-479	-514
Total Depreciation and Amortization (D&A)	5.97	13	21	30	35	43
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-36.06%	-27.67%	-31.74%	-35.57%	-32.69%
Debt-free Net Working Capital to Revenue	0.00%	21.86%	188.30%	102.94%	66.06%	53.85%
Net Working Capital to Revenue	0.00%	21.86%	188.30%	102.94%	66.06%	53.85%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($2.20)	($1.47)	($1.32)	($1.02)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	34.90M	94.57M	98.10M	102.19M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($2.20)	($1.47)	($1.32)	($1.02)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	34.90M	94.57M	98.10M	102.19M
Adjusted Basic & Diluted Earnings per Share	$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
Normalized Net Operating Profit after Tax (NOPAT)	-23	-23	-55	-104	-101	-86
Normalized NOPAT Margin	-24.36%	-14.99%	-23.00%	-29.18%	-21.47%	-14.41%
Pre Tax Income Margin	-32.54%	-20.93%	-32.91%	-39.44%	-27.23%	-16.95%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.03%	-1.24%	-0.01%	0.00%	0.00%	0.00%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	54.48%	45.58%	40.10%	31.34%	33.64%	33.11%	32.72%	33.09%	26.40%	22.67%	22.48%
EBITDA Growth	-261.40%	-466.00%	34.52%	10.39%	16.05%	24.31%	10.77%	16.20%	47.59%	19.21%	78.31%
EBIT Growth	-168.16%	-221.42%	22.13%	2.98%	5.61%	10.77%	15.04%	9.18%	28.75%	10.84%	42.84%
NOPAT Growth	-188.95%	-252.83%	14.25%	-5.67%	-0.75%	4.70%	11.57%	4.34%	20.98%	7.30%	33.24%
Net Income Growth	-164.91%	-274.17%	22.00%	2.04%	4.08%	8.60%	15.47%	8.03%	27.77%	9.20%	40.29%
EPS Growth	41.67%	16.67%	33.96%	4.76%	5.71%	11.43%	20.00%	12.50%	30.30%	12.90%	39.29%
Operating Cash Flow Growth	-254.27%	-874.74%	100.05%	25.82%	-7.33%	91.63%	31,741.67%	-13.99%	166.29%	-469.65%	347.08%
Free Cash Flow Firm Growth	0.00%	-334.74%	0.00%	-113.10%	-361.60%	52.39%	-564.27%	-2,330.47%	84.41%	-81.49%	41.39%
Invested Capital Growth	0.00%	-10.88%	-244.06%	-64.37%	-2.32%	-68.11%	-9.91%	27.23%	-45.85%	-6.58%	-10.54%
Revenue Q/Q Growth	11.14%	8.12%	5.96%	3.15%	13.09%	7.69%	5.65%	3.44%	7.41%	4.50%	5.49%
EBITDA Q/Q Growth	19.77%	0.78%	8.46%	-22.98%	24.84%	10.55%	-7.93%	-15.49%	53.00%	-37.90%	71.03%
EBIT Q/Q Growth	15.75%	-2.71%	4.08%	-16.89%	18.04%	2.90%	8.67%	-24.95%	35.70%	-21.51%	41.45%
NOPAT Q/Q Growth	11.46%	-5.00%	0.93%	-14.72%	15.58%	0.67%	8.08%	-24.11%	30.26%	-16.53%	33.81%
Net Income Q/Q Growth	15.69%	-1.43%	0.25%	-14.84%	17.45%	3.35%	7.74%	-24.95%	35.17%	-21.50%	39.33%
EPS Q/Q Growth	16.67%	0.00%	0.00%	-14.29%	17.50%	6.06%	9.68%	-25.00%	34.29%	-17.39%	37.04%
Operating Cash Flow Q/Q Growth	-191.07%	-46.56%	100.05%	187,808.33%	-177.68%	88.57%	290.76%	407.59%	-40.13%	-198.26%	249.72%
Free Cash Flow Firm Q/Q Growth	-38.06%	-360.79%	87.75%	33.79%	-1,137.23%	52.54%	-70.85%	-142.25%	92.07%	-452.69%	44.83%
Invested Capital Q/Q Growth	20.71%	42.50%	-64.50%	-119.17%	50.64%	5.53%	-7.55%	-45.12%	1.08%	30.97%	-11.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.24%	68.71%	66.13%	67.88%	69.18%	70.66%	67.17%	67.11%	70.16%	69.81%	69.26%
EBITDA Margin	-30.96%	-28.41%	-24.54%	-29.26%	-19.45%	-16.15%	-16.50%	-18.42%	-8.06%	-10.64%	-2.92%
Operating Margin	-40.76%	-39.59%	-37.01%	-41.16%	-30.73%	-28.34%	-24.66%	-29.59%	-19.21%	-21.42%	-13.44%
EBIT Margin	-38.75%	-36.81%	-33.32%	-37.77%	-27.37%	-24.68%	-21.33%	-25.77%	-15.43%	-17.94%	-9.96%
Profit (Net Income) Margin	-38.79%	-36.39%	-34.26%	-38.15%	-27.84%	-24.99%	-21.82%	-26.36%	-15.91%	-18.50%	-10.64%
Tax Burden Percent	100.10%	98.86%	102.81%	101.01%	101.73%	101.26%	102.29%	102.29%	103.13%	103.12%	106.85%
Interest Burden Percent	100.00%	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%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-26.53%	-58.52%	-29.58%	-30.30%	-30.32%	-30.38%	-29.27%	-29.18%	-26.47%	-25.78%	-22.64%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-16.45%	-27.96%	-17.27%	-19.95%	-15.60%	-15.00%	-13.28%	-16.95%	-10.61%	-12.56%	-7.03%
Return on Assets (ROA)	-16.47%	-27.64%	-17.76%	-20.15%	-15.87%	-15.19%	-13.58%	-17.33%	-10.95%	-12.95%	-7.51%
Return on Common Equity (ROCE)	-26.40%	-38.05%	-29.44%	-30.17%	-30.22%	-30.31%	-29.22%	-29.14%	-26.45%	-25.77%	-22.64%
Return on Equity Simple (ROE_SIMPLE)	-26.66%	-33.22%	0.00%	-32.16%	-31.47%	-30.96%	0.00%	-29.19%	-26.10%	-25.23%	0.00%
Net Operating Profit after Tax (NOPAT)	-25	-26	-26	-29	-25	-25	-23	-28	-20	-23	-15
NOPAT Margin	-28.53%	-27.71%	-25.91%	-28.82%	-21.51%	-19.84%	-17.26%	-20.71%	-13.45%	-14.99%	-9.41%
Net Nonoperating Expense Percent (NNEP)	-3.49%	-2.94%	-1.66%	-1.83%	-1.48%	-1.35%	-1.25%	-1.54%	-0.73%	-1.11%	-0.40%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-5.74%	-	-	-	-5.09%	-	-	-	-3.18%
Cost of Revenue to Revenue	31.76%	31.29%	33.87%	32.12%	30.82%	29.34%	32.83%	32.89%	29.84%	30.19%	30.74%
SG&A Expenses to Revenue	23.85%	24.09%	22.52%	23.56%	22.11%	21.34%	19.92%	19.78%	19.46%	20.52%	18.57%
R&D to Revenue	27.09%	27.47%	27.11%	29.22%	25.31%	24.10%	23.76%	25.38%	22.78%	21.61%	20.95%
Operating Expenses to Revenue	109.00%	108.30%	103.14%	109.05%	99.91%	99.00%	91.83%	96.70%	89.37%	91.23%	82.70%
Earnings before Interest and Taxes (EBIT)	-33	-34	-33	-38	-32	-31	-28	-35	-22	-27	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-27	-26	-24	-30	-22	-20	-22	-25	-12	-16	-4.69
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.69	6.22	6.88	6.50	10.07	9.61	12.15	9.69	9.87	7.06	10.02
Price to Tangible Book Value (P/TBV)	8.69	6.22	6.89	6.50	10.87	10.36	13.10	10.45	10.61	7.58	10.73
Price to Revenue (P/Rev)	13.71	8.60	8.62	7.45	10.86	9.58	11.44	8.36	8.36	5.73	8.02
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	0.00
Dividend Yield	0.00%	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%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	12.02	7.16	7.27	6.12	9.69	8.51	10.42	7.40	7.42	4.86	7.15
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	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	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	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	1,229.50	717.84	1,011.39	121.06	116.96	115.72
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	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	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.07	-1.07	-1.04	-1.12	-1.07	-1.06	-1.08	-1.14	-1.09	-1.08	-1.08
Leverage Ratio	1.48	1.68	1.44	1.56	1.57	1.62	1.70	1.76	1.74	1.80	1.83
Compound Leverage Factor	1.48	1.68	1.44	1.56	1.57	1.62	1.70	1.76	1.74	1.80	1.83
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	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%	0.00%	0.00%
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%	0.00%
Noncontrolling Interests to Total Capital	0.50%	0.40%	0.33%	0.25%	0.17%	0.11%	0.04%	0.03%	-0.01%	-0.05%	-0.02%
Common Equity to Total Capital	99.50%	99.60%	99.67%	99.75%	99.84%	99.89%	99.96%	99.97%	100.01%	100.05%	100.02%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	11.07	7.88	7.37	6.13	9.28	7.76	8.93	6.69	7.31	5.10	7.32
Noncontrolling Interest Sharing Ratio	0.50%	34.99%	0.49%	0.43%	0.34%	0.26%	0.18%	0.14%	0.08%	0.03%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.15	3.06	2.68	2.44	2.31	2.28	2.08	1.96	2.03	1.99	1.98
Quick Ratio	3.01	2.93	2.56	2.32	2.18	2.17	1.96	1.85	1.93	1.89	1.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.17	-24	-2.93	-1.94	-24	-11	-19	-47	-3.74	-21	-11
Operating Cash Flow to CapEx	-195.20%	-577.22%	0.62%	2,527.91%	-1,490.81%	-51.25%	51.92%	243.84%	265.24%	-402.04%	909.64%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.76	0.52	0.53	0.57	0.61	0.62	0.66	0.69	0.70	0.71
Accounts Receivable Turnover	6.21	6.94	4.98	6.95	6.92	6.78	5.53	6.82	7.58	6.98	6.33
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	18.31	24.74	25.63	25.37	22.12	20.44	18.99	16.92	17.78	17.97	17.48
Accounts Payable Turnover	33.65	65.65	44.68	39.23	54.80	34.45	31.32	38.59	52.66	39.93	43.25
Days Sales Outstanding (DSO)	58.75	52.61	73.34	52.54	52.74	53.83	65.99	53.54	48.15	52.30	57.66
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.85	5.56	8.17	9.31	6.66	10.59	11.66	9.46	6.93	9.14	8.44
Cash Conversion Cycle (CCC)	47.91	47.05	65.18	43.23	46.08	43.23	54.33	44.08	41.22	43.16	49.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-34	-19	-32	-70	-35	-33	-35	-51	-50	-35	-39
Invested Capital Turnover	-17.67	-17.74	-17.26	-6.75	-11.97	-16.90	-14.09	-8.37	-12.63	-16.74	-16.07
Increase / (Decrease) in Invested Capital	-34	-1.90	-23	-27	-0.78	-13	-3.16	19	-16	-2.15	-3.70
Enterprise Value (EV)	3,583	2,342	2,585	2,324	3,961	3,739	4,917	3,738	3,974	2,739	4,245
Market Capitalization	4,087	2,814	3,063	2,829	4,436	4,210	5,396	4,225	4,478	3,232	4,758
Book Value per Share	$5.01	$4.76	$4.65	$4.52	$4.51	$4.43	$4.45	$4.32	$4.46	$4.46	$4.59
Tangible Book Value per Share	$5.01	$4.76	$4.65	$4.52	$4.18	$4.11	$4.13	$4.01	$4.15	$4.15	$4.28
Total Capital	473	454	447	436	441	439	444	436	454	458	475
Total Debt	0.00	0.00	0.00	0.00	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	0.00	0.00	0.00	0.00
Net Debt	-507	-474	-479	-506	-476	-471	-479	-487	-504	-493	-514
Capital Expenditures (CapEx)	8.36	4.14	1.93	0.89	1.18	3.91	7.36	7.95	4.38	2.84	1.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-110	-99	-113	-153	-150	-153	-168	-194	-196	-187	-194
Debt-free Net Working Capital (DFNWC)	397	374	366	353	326	318	312	293	308	305	320
Net Working Capital (NWC)	397	374	366	353	326	318	312	293	308	305	320
Net Nonoperating Expense (NNE)	8.84	8.09	8.24	9.50	7.29	6.38	5.97	7.65	3.58	5.33	1.97
Net Nonoperating Obligations (NNO)	-507	-474	-479	-506	-476	-471	-479	-487	-504	-493	-514
Total Depreciation and Amortization (D&A)	6.71	7.83	8.67	8.66	9.12	11	6.33	9.95	11	11	11
Debt-free, Cash-free Net Working Capital to Revenue	-36.92%	-30.30%	-31.74%	-40.32%	-36.72%	-34.79%	-35.57%	-38.35%	-36.51%	-33.24%	-32.69%
Debt-free Net Working Capital to Revenue	133.07%	114.46%	102.94%	92.98%	79.66%	72.45%	66.06%	58.02%	57.54%	54.10%	53.85%
Net Working Capital to Revenue	133.07%	114.46%	102.94%	92.98%	79.66%	72.45%	66.06%	58.02%	57.54%	54.10%	53.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.35)	($0.35)	($0.35)	($0.40)	($0.33)	($0.31)	($0.28)	($0.35)	($0.23)	($0.27)	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	94.10M	94.47M	94.57M	96.35M	97.18M	97.88M	98.10M	100.79M	101.45M	102.15M	102.19M
Adjusted Diluted Earnings per Share	($0.35)	($0.35)	($0.35)	($0.40)	($0.33)	($0.31)	($0.28)	($0.35)	($0.23)	($0.27)	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	94.10M	94.47M	94.57M	96.35M	97.18M	97.88M	98.10M	100.79M	101.45M	102.15M	102.19M
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	95.04M	95.71M	96.23M	97.59M	98.87M	99.84M	100.84M	101.63M	102.73M	103.48M	104.63M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-26	-26	-29	-25	-25	-23	-28	-20	-23	-15
Normalized NOPAT Margin	-28.53%	-27.71%	-25.91%	-28.82%	-21.51%	-19.84%	-17.26%	-20.71%	-13.45%	-14.99%	-9.41%
Pre Tax Income Margin	-38.75%	-36.81%	-33.32%	-37.77%	-27.37%	-24.68%	-21.33%	-25.77%	-15.43%	-17.94%	-9.96%
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	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	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	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	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%	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%	0.00%

Frequently Asked Questions About Braze's Financials

When does Braze's fiscal year end?

According to the most recent income statement we have on file, Braze's financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Braze's net income changed over the last 5 years?

Braze's net income appears to be on an upward trend, with a most recent value of -$104.05 million in 2025, rising from -$31.81 million in 2020. The previous period was -$130.43 million in 2024.

What is Braze's operating income?

Braze's total operating income in 2025 was -$122.16 million, based on the following breakdown:

Total Gross Profit: $410.22 million
Total Operating Expenses: $532.38 million

How has Braze revenue changed over the last 5 years?

Over the last 5 years, Braze's total revenue changed from $96.36 million in 2020 to $593.41 million in 2025, a change of 515.8%.

How much debt does Braze have?

Braze's total liabilities were at $396.25 million at the end of 2025, a 8.1% increase from 2024, and a 283.1% increase since 2021.

How much cash does Braze have?

In the past 4 years, Braze's cash and equivalents has ranged from $28.51 million in 2021 to $478.94 million in 2022, and is currently $83.06 million as of their latest financial filing in 2025.

How has Braze's book value per share changed over the last 5 years?

Over the last 5 years, Braze's book value per share changed from 0.00 in 2020 to 4.59 in 2025, a change of 458.9%.

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This page (NASDAQ:BRZE) was last updated on 4/15/2025 by MarketBeat.com Staff

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Braze (BRZE) Financials

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Braze (BRZE) Financials

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