BRZE on Nasdaq
Braze, Inc.
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with Descartes Systems Group, Vertex, Inc. or Appian Corporation, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
67.1%Gross margin2
-19.6%Operating margin2
-17.8%Net margin2
24.4%Revenue growth, 20262
-21.0%Return on equity2
$61.9MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Subscription Revenue brought in 95% of the revenue Braze, Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Subscription Revenue | $451.1M | $570.3M | $701.8M |
| Professional Services Revenue | $20.7M | $23.1M | $36.3M |
Regions
United States brought in 55% of the revenue Braze, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $267.2M | $326.4M | $405.1M |
| Outside the United States | $204.6M | $267.0M | $333.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue33¢$242.5M
- Research and development23¢$167.1M
- Other costs44¢$325.9M
- Income tax0¢$2.6M
Out of $738.2M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending13¢$9.6M
- Kept or used elsewhere87¢$61.9M
Out of $71.4M of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Revenue | $738.2M | $593.4M | $471.8M |
| Cost of revenue | $242.5M | $183.2M | $147.5M |
| Gross Profit | $495.7M | $410.2M | $324.3M |
| Sales and marketing | $327.0M | $282.3M | $247.1M |
| Research and development | $167.1M | $134.0M | $119.9M |
| General and administrative | $146.3M | $116.1M | $102.0M |
| Total operating expenses | $640.4M | $532.4M | $469.0M |
| Loss from operations | -$144.8M | -$122.2M | -$144.7M |
| Other income, net | $16.6M | $21.6M | $16.2M |
| Loss before provision for income taxes | -$128.2M | -$100.6M | -$128.5M |
| Provision for income taxes | $2.6M | $3.4M | $2.0M |
| Net loss | -$130.8M | -$104.0M | -$130.4M |
| Net income (loss) attributable to redeemable non-controlling interest | $501.0K | -$304.0K | -$1.3M |
| Net loss attributable to Braze, Inc. | -$131.3M | -$103.7M | -$129.2M |
| Net loss per share attributable to Braze, Inc. common stockholders, basic (in dollars per share) | -$1.22 | -$1.02 | -$1.32 |
| Net loss per share attributable to Braze, Inc. common stockholders, diluted (in dollars per share) | -$1.22 | -$1.02 | -$1.32 |
| Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic (in shares) | 107.9M shares | 102.2M shares | 98.1M shares |
| Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, diluted (in shares) | 107.9M shares | 102.2M shares | 98.1M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Cash and cash equivalents | $124.3M | $83.1M | |
| Restricted cash, current | $566.0K | $0 | |
| Accounts receivable, net of allowance of $1,934 and $2,563 at January 31, 2026 and January 31, 2025, respectively | $122.3M | $95.2M | |
| Marketable securities | $287.6M | $430.5M | |
| Prepaid expenses and other current assets | $33.1M | $35.3M | |
| Total current assets | $567.9M | $644.0M | |
| Restricted cash, noncurrent | $3.4M | $530.0K | |
| Property and equipment, net | $43.5M | $38.5M | |
| Operating lease right-of-use assets | $72.0M | $76.1M | |
| Deferred contract costs | $100.7M | $76.8M | |
| Goodwill | $261.9M | $28.4M | |
| Intangible assets, net | $61.5M | $3.1M | |
| Other assets | $2.8M | $3.4M | |
| TOTAL ASSETS | $1.1B | $871.0M | |
| Accounts payable | $1.6M | $2.1M | |
| Accrued expenses and other current liabilities | $95.0M | $64.2M | |
| Deferred revenue | $304.6M | $240.0M | |
| Operating lease liabilities, current | $19.3M | $18.2M | |
| Total current liabilities | $420.4M | $324.5M | |
| Operating lease liabilities, noncurrent | $63.4M | $69.3M | |
| Other long-term liabilities | $5.8M | $2.5M | |
| TOTAL LIABILITIES | $489.6M | $396.2M | |
| Redeemable non-controlling interest (Note 4) | $389.0K | -$112.0K | $192.0K |
| Additional paid-in capital | $1.3B | $1.1B | |
| Accumulated other comprehensive gain (loss) | $1.8M | -$926.0K | |
| Accumulated deficit | -$718.1M | -$586.8M | |
| TOTAL STOCKHOLDERS EQUITY | $623.8M | $474.9M | $444.2M |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS EQUITY | $1.1B | $871.0M | |
| Allowance for doubtful accounts | $1.9M | $2.6M | |
| Common stock, authorized (in shares) | 2.0B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Net loss (including amounts attributable to redeemable non-controlling interests) | -$130.8M | -$104.0M | -$130.4M |
| Stock-based compensation | $143.7M | $115.1M | $97.2M |
| Amortization of deferred contract costs | $41.3M | $35.0M | $29.8M |
| Depreciation and amortization | $19.3M | $10.1M | $7.0M |
| Provision for credit losses | $666.0K | $2.3M | $2.0M |
| Value of common stock donated to charity | $3.2M | $3.8M | $3.8M |
| Accretion of discount on marketable securities | -$951.0K | -$2.1M | -$2.1M |
| Non-cash foreign exchange (gain) loss | -$73.0K | -$1.0M | $460.0K |
| Fair value adjustments to contingent consideration | $0 | -$223.0K | -$1.6M |
| Fixed asset write offs | $80.0K | $488.0K | $146.0K |
| Other | -$144.0K | -$152.0K | -$495.0K |
| Accounts receivable | -$22.7M | -$5.4M | -$14.0M |
| Prepaid expenses and other current assets | $3.6M | -$6.6M | -$3.4M |
| Deferred contract costs | -$65.2M | -$48.2M | -$45.1M |
| ROU assets and liabilities | -$1.1M | $1.9M | $4.3M |
| Other assets | -$1.9M | -$29.0K | $229.0K |
| Accounts payable | -$601.0K | -$3.9M | $3.4M |
| Accrued expenses and other current liabilities | $26.2M | $3.7M | $21.0M |
| Deferred revenue | $57.1M | $35.9M | $34.1M |
| Other long-term liabilities | -$229.0K | -$66.0K | $571.0K |
| Net cash provided by operating activities | $71.4M | $36.7M | $6.8M |
| Cash paid for acquisition, net of cash acquired | -$181.9M | $0 | -$16.3M |
| Purchases of property and equipment | -$9.6M | -$13.2M | -$9.8M |
| Capitalized internal-use software costs | -$3.8M | -$3.8M | -$3.6M |
| Purchases of marketable securities | -$151.6M | -$218.0M | -$248.1M |
| Maturities of marketable securities | $175.2M | $195.4M | $257.7M |
| Return of principal on marketable securities | $120.7M | $3.2M | $0 |
| Net cash used in investing activities | -$50.9M | -$36.5M | -$20.0M |
| Proceeds from exercise of common stock options | $15.9M | $6.9M | $7.3M |
| Proceeds from stock associated with employee stock purchase plan | $7.1M | $7.7M | $6.0M |
| Payments of deferred purchase consideration | $0 | -$2.9M | -$165.0K |
| Net cash provided by financing activities | $23.0M | $11.7M | $13.1M |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | $1.3M | -$444.0K | -$475.0K |
| Net change in cash, cash equivalents, and restricted cash | $44.7M | $11.5M | -$492.0K |
| Cash paid for income taxes, net of refunds | $3.9M | $2.9M | $309.0K |
| Stock-based compensation capitalized to internal-use software | $2.1M | $2.3M | $2.2M |
| Unrealized net gain on marketable investment securities | $483.0K | $1.1M | $5.4M |
| Net change to property and equipment (included in accounts payable / accrued liabilities) | -$259.0K | $173.0K | $208.0K |
| Asset retirement obligation | $38.0K | $34.0K | $62.0K |
| Common stock issuance, acquisition | -$107.6M | $0 | -$6.1M |
| Contingent consideration, acquisition | $0 | $0 | -$1.8M |
| Indemnity escrows, acquisition | -$3.1M | $0 | -$3.1M |
Former names
- Appboy, Inc.Jul 20, 2017 to Aug 14, 20173
Recent filings
- Sep 9, 202610-Q
- Sep 8, 20268-K
- Aug 28, 20264
- Aug 27, 2026144
- Aug 27, 2026144
- Aug 26, 2026144
- Aug 26, 20264
- Aug 26, 20264
- Aug 24, 2026144
- Aug 24, 2026144
- Aug 21, 20264
- Aug 21, 20264
- Aug 19, 20264
- Aug 19, 20264
- Aug 19, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBraze, Inc. filings on SEC EDGAR
- 2SEC EDGARBraze, Inc. 10-K for fiscal 2026
- 3SEC EDGARBraze, Inc. filings on SEC EDGAR
- 4SEC EDGARBraze, Inc. 10-K for fiscal 2020
- 5SEC EDGARBraze, Inc. 10-K for fiscal 2021
- 6SEC EDGARBraze, Inc. 10-K for fiscal 2022
- 7SEC EDGARBraze, Inc. 10-K for fiscal 2023
- 8SEC EDGARBraze, Inc. 10-Q for fiscal 2025
- 9SEC EDGARBraze, Inc. 10-Q for fiscal 2026
- 10SEC EDGARBraze, Inc. 10-Q for fiscal 2026