TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Apr 2025

Income Metrics

Revenue 162.1M
Gross Profit 111.2M 68.62%
Operating Income -40.2M -24.82%
Net Income -35.6M -21.99%
EPS (Diluted) $-0.34

Balance Sheet Metrics

Total Assets 889.1M
Total Liabilities 414.7M
Shareholders Equity 474.5M
Debt to Equity 0.87

Cash Flow Metrics

Operating Cash Flow 28.1M
Free Cash Flow 22.9M

Revenue & Profitability Trend

Braze Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i593.4M471.8M355.4M238.0M150.2M
Cost of Goods Sold i183.2M147.5M115.8M78.5M54.5M
Gross Profit i410.2M324.3M239.6M159.5M95.7M
Gross Margin % i69.1%68.7%67.4%67.0%63.7%
Operating Expenses
Research & Development i134.0M119.9M97.3M59.0M29.2M
Selling, General & Administrative i398.4M349.1M290.5M178.7M98.6M
Other Operating Expenses i-----
Total Operating Expenses i532.4M469.0M387.7M237.7M127.8M
Operating Income i-122.2M-144.7M-148.1M-78.2M-32.2M
Operating Margin % i-20.6%-30.7%-41.7%-32.9%-21.4%
Non-Operating Items
Interest Income i---506.0K1.2M
Interest Expense i---369.0K345.0K
Other Non-Operating Income21.6M16.2M8.0M-121.0K720.0K
Pre-tax Income i-100.6M-128.5M-140.2M-78.3M-31.4M
Income Tax i3.4M2.0M583.0K-165.0K537.0K
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-104.0M-130.4M-140.7M-78.2M-32.0M
Net Margin % i-17.5%-27.6%-39.6%-32.8%-21.3%
Key Metrics
EBITDA i-112.0M-137.7M-143.5M-75.4M-30.6M
EPS (Basic) i$-1.02$-1.32$-1.47$-2.20$-0.35
EPS (Diluted) i$-1.02$-1.32$-1.47$-2.20$-0.35
Basic Shares Outstanding i10218900098096000945690003489700090255863
Diluted Shares Outstanding i10218900098096000945690003489700090255863

Income Statement Trend

Braze Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i83.1M68.2M68.6M478.9M28.5M
Short-term Investments i430.5M407.9M410.1M35.2M58.0M
Accounts Receivable i95.2M92.3M78.3M64.5M34.8M
Inventory i-----
Other Current Assets6.2M4.6M5.4M3.6M2.6M
Total Current Assets i644.0M601.1M583.2M608.2M134.0M
Non-Current Assets
Property, Plant & Equipment i76.1M81.2M46.3M00
Goodwill i60.0M60.6M500.0K--
Intangible Assets i3.1M3.7M500.0K--
Long-term Investments-----
Other Non-Current Assets80.7M67.2M55.1M50.7M32.0M
Total Non-Current Assets i227.0M209.8M122.2M58.1M37.4M
Total Assets i871.0M810.9M705.4M666.3M171.4M
Liabilities
Current Liabilities
Accounts Payable i2.2M6.3M3.1M2.1M439.0K
Short-term Debt i18.2M15.6M10.7M--
Current Portion of Long-term Debt-----
Other Current Liabilities2.4M5.7M3.2M3.5M4.5M
Total Current Liabilities i324.5M289.4M217.3M160.0M101.1M
Non-Current Liabilities
Long-term Debt i69.3M75.0M40.6M0-
Deferred Tax Liabilities i---080.0K
Other Non-Current Liabilities2.5M2.0M755.0K1.5M2.2M
Total Non-Current Liabilities i71.8M77.1M41.3M1.5M176.5M
Total Liabilities i396.2M366.5M258.6M161.4M277.7M
Equity
Common Stock i10.0K10.0K10.0K9.0K0
Retained Earnings i-586.8M-483.1M-353.9M-215.0M-138.2M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i474.7M444.4M446.8M504.8M-106.3M
Key Metrics
Total Debt i87.4M90.6M51.3M00
Working Capital i319.5M311.7M365.9M448.2M32.8M

Balance Sheet Composition

Braze Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i-104.0M-130.4M-140.7M-78.2M-32.0M
Depreciation & Amortization i10.1M7.0M4.6M2.8M1.6M
Stock-Based Compensation i115.1M97.2M72.2M47.2M7.5M
Working Capital Changes i-19.7M-16.5M757.0K-14.1M-8.3M
Operating Cash Flow i39.9M-11.1M-34.7M-24.8M-20.4M
Investing Activities
Capital Expenditures i-13.2M-9.8M-15.4M-2.3M-2.5M
Acquisitions i0-16.3M00-
Investment Purchases i-218.0M-248.1M-638.2M-36.9M-59.4M
Investment Sales i198.6M257.7M256.4M59.3M86.2M
Investing Cash Flow i-32.7M-16.4M-397.3M20.1M24.4M
Financing Activities
Share Repurchases i--00-204.0K
Dividends Paid i-----
Debt Issuance i-----
Debt Repayment i-----
Financing Cash Flow i-2.9M-165.0K0459.6M2.1M
Free Cash Flow i19.6M-6.5M-39.0M-39.8M-10.4M
Net Change in Cash i4.3M-27.7M-432.0M454.8M6.0M

Cash Flow Trend

Braze Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -25.17
Forward P/E 102.68
Price to Book 5.67
Price to Sales 4.37
PEG Ratio 8.81

Profitability Ratios

Profit Margin -16.76%
Operating Margin -24.82%
Return on Equity -22.84%
Return on Assets -8.97%

Financial Health

Current Ratio 1.92
Debt to Equity 18.40
Beta 1.10

Per Share Data

EPS (TTM) $-1.01
Book Value per Share $4.52
Revenue per Share $6.01

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
brze2.7B-25.175.67-22.84%-16.76%18.40
Salesforce 231.8B37.883.8310.31%16.08%19.81
Intuit 200.1B58.509.9517.84%19.07%0.35
Procore Technologies 9.9B-89.098.15-11.54%-11.58%5.94
Paylocity Holding 9.8B44.297.9920.04%14.24%14.09
Appfolio 9.7B48.7221.2449.12%23.54%8.70

Financial data is updated regularly. All figures are in the company's reporting currency.