
Braze (BRZE) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Apr 2025Income 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
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Revenue | 593.4M | 471.8M | 355.4M | 238.0M | 150.2M |
Cost of Goods Sold | 183.2M | 147.5M | 115.8M | 78.5M | 54.5M |
Gross Profit | 410.2M | 324.3M | 239.6M | 159.5M | 95.7M |
Gross Margin % | 69.1% | 68.7% | 67.4% | 67.0% | 63.7% |
Operating Expenses | |||||
Research & Development | 134.0M | 119.9M | 97.3M | 59.0M | 29.2M |
Selling, General & Administrative | 398.4M | 349.1M | 290.5M | 178.7M | 98.6M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 532.4M | 469.0M | 387.7M | 237.7M | 127.8M |
Operating Income | -122.2M | -144.7M | -148.1M | -78.2M | -32.2M |
Operating Margin % | -20.6% | -30.7% | -41.7% | -32.9% | -21.4% |
Non-Operating Items | |||||
Interest Income | - | - | - | 506.0K | 1.2M |
Interest Expense | - | - | - | 369.0K | 345.0K |
Other Non-Operating Income | 21.6M | 16.2M | 8.0M | -121.0K | 720.0K |
Pre-tax Income | -100.6M | -128.5M | -140.2M | -78.3M | -31.4M |
Income Tax | 3.4M | 2.0M | 583.0K | -165.0K | 537.0K |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | -104.0M | -130.4M | -140.7M | -78.2M | -32.0M |
Net Margin % | -17.5% | -27.6% | -39.6% | -32.8% | -21.3% |
Key Metrics | |||||
EBITDA | -112.0M | -137.7M | -143.5M | -75.4M | -30.6M |
EPS (Basic) | $-1.02 | $-1.32 | $-1.47 | $-2.20 | $-0.35 |
EPS (Diluted) | $-1.02 | $-1.32 | $-1.47 | $-2.20 | $-0.35 |
Basic Shares Outstanding | 102189000 | 98096000 | 94569000 | 34897000 | 90255863 |
Diluted Shares Outstanding | 102189000 | 98096000 | 94569000 | 34897000 | 90255863 |
Income Statement Trend
Braze Balance Sheet From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 83.1M | 68.2M | 68.6M | 478.9M | 28.5M |
Short-term Investments | 430.5M | 407.9M | 410.1M | 35.2M | 58.0M |
Accounts Receivable | 95.2M | 92.3M | 78.3M | 64.5M | 34.8M |
Inventory | - | - | - | - | - |
Other Current Assets | 6.2M | 4.6M | 5.4M | 3.6M | 2.6M |
Total Current Assets | 644.0M | 601.1M | 583.2M | 608.2M | 134.0M |
Non-Current Assets | |||||
Property, Plant & Equipment | 76.1M | 81.2M | 46.3M | 0 | 0 |
Goodwill | 60.0M | 60.6M | 500.0K | - | - |
Intangible Assets | 3.1M | 3.7M | 500.0K | - | - |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 80.7M | 67.2M | 55.1M | 50.7M | 32.0M |
Total Non-Current Assets | 227.0M | 209.8M | 122.2M | 58.1M | 37.4M |
Total Assets | 871.0M | 810.9M | 705.4M | 666.3M | 171.4M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 2.2M | 6.3M | 3.1M | 2.1M | 439.0K |
Short-term Debt | 18.2M | 15.6M | 10.7M | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 2.4M | 5.7M | 3.2M | 3.5M | 4.5M |
Total Current Liabilities | 324.5M | 289.4M | 217.3M | 160.0M | 101.1M |
Non-Current Liabilities | |||||
Long-term Debt | 69.3M | 75.0M | 40.6M | 0 | - |
Deferred Tax Liabilities | - | - | - | 0 | 80.0K |
Other Non-Current Liabilities | 2.5M | 2.0M | 755.0K | 1.5M | 2.2M |
Total Non-Current Liabilities | 71.8M | 77.1M | 41.3M | 1.5M | 176.5M |
Total Liabilities | 396.2M | 366.5M | 258.6M | 161.4M | 277.7M |
Equity | |||||
Common Stock | 10.0K | 10.0K | 10.0K | 9.0K | 0 |
Retained Earnings | -586.8M | -483.1M | -353.9M | -215.0M | -138.2M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 474.7M | 444.4M | 446.8M | 504.8M | -106.3M |
Key Metrics | |||||
Total Debt | 87.4M | 90.6M | 51.3M | 0 | 0 |
Working Capital | 319.5M | 311.7M | 365.9M | 448.2M | 32.8M |
Balance Sheet Composition
Braze Cash Flow Statement From 2021 to 2025
Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -104.0M | -130.4M | -140.7M | -78.2M | -32.0M |
Depreciation & Amortization | 10.1M | 7.0M | 4.6M | 2.8M | 1.6M |
Stock-Based Compensation | 115.1M | 97.2M | 72.2M | 47.2M | 7.5M |
Working Capital Changes | -19.7M | -16.5M | 757.0K | -14.1M | -8.3M |
Operating Cash Flow | 39.9M | -11.1M | -34.7M | -24.8M | -20.4M |
Investing Activities | |||||
Capital Expenditures | -13.2M | -9.8M | -15.4M | -2.3M | -2.5M |
Acquisitions | 0 | -16.3M | 0 | 0 | - |
Investment Purchases | -218.0M | -248.1M | -638.2M | -36.9M | -59.4M |
Investment Sales | 198.6M | 257.7M | 256.4M | 59.3M | 86.2M |
Investing Cash Flow | -32.7M | -16.4M | -397.3M | 20.1M | 24.4M |
Financing Activities | |||||
Share Repurchases | - | - | 0 | 0 | -204.0K |
Dividends Paid | - | - | - | - | - |
Debt Issuance | - | - | - | - | - |
Debt Repayment | - | - | - | - | - |
Financing Cash Flow | -2.9M | -165.0K | 0 | 459.6M | 2.1M |
Free Cash Flow | 19.6M | -6.5M | -39.0M | -39.8M | -10.4M |
Net Change in Cash | 4.3M | -27.7M | -432.0M | 454.8M | 6.0M |
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
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
brze | 2.7B | -25.17 | 5.67 | -22.84% | -16.76% | 18.40 |
Salesforce | 231.8B | 37.88 | 3.83 | 10.31% | 16.08% | 19.81 |
Intuit | 200.1B | 58.50 | 9.95 | 17.84% | 19.07% | 0.35 |
Procore Technologies | 9.9B | -89.09 | 8.15 | -11.54% | -11.58% | 5.94 |
Paylocity Holding | 9.8B | 44.29 | 7.99 | 20.04% | 14.24% | 14.09 |
Appfolio | 9.7B | 48.72 | 21.24 | 49.12% | 23.54% | 8.70 |
Financial data is updated regularly. All figures are in the company's reporting currency.