Braze, Inc. (BRZE)

Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, that allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; Braze Cloud Data Ingestion that offers direct connections to cloud services and data warehouses, marketing, product, and growth teams; Braze Currents to stream data in real time; and Snowflake Data Sharing to track and store data. It also provides segmentation that define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, the company offers Canvas, an orchestration tool; campaigns, which allows customers; event and API triggering; marketing pressure management; and reporting and analytics, as well as content generation and quality assurance platform, content management, catalogs, templating language, connected content, and intelligent timing and channel products. Further, it provides decisioning studio; agent console; liquid assistant and AI copywriter; personalized variant; AI item recommendations; and MCP Servers. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.

Symbol
BRZE
Exchange
Nasdaq
Sector
Technology
Industry
Software - Application
Market cap
$2.88B
52 week range
15.26 - 37.33

Valuation

Share price
$25.69 (close of 2026-09-23)
P/E (TTM)
-25.12x
Price to book
4.80x
Price to free cash flow
34.00x
Enterprise value
$2.81B
Book value per share
$5.39

Price performance

PeriodChange
1 day+1.14%
5 days+1.06%
1 month-17.29%
3 months+33.39%
6 months+35.78%
Year to date-25.08%
1 year-20.07%
3 years-42.83%
All time-72.49%

Profitability and growth

Return on equity
-21.05%
Return on invested capital
-24.87%
Return on assets
-11.79%
Return on capital employed
-20.88%
Gross margin
67.15%
Net margin
-17.79%
EBITDA margin
-16.99%
Revenue growth
24.40%
Net income growth
-26.55%
Free cash flow growth
163.80%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.94%
Current ratio
1.27x
Net debt to EBITDA
0.81x

Latest reported year

Period end
2026-01-31
Fiscal year
2026
Revenue
$738.18M
Cost of revenue
$242.53M
Gross profit
$495.66M
EBITDA
$-125.43M
Net income
$-131.29M
Earnings per share
$-1.22
Research and development
$167.14M
Shares outstanding
107.91M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-01-31$738.18M$495.66M$-131.29M$-1.22
2025-01-31$593.41M$410.22M$-103.74M$-1.02
2024-01-31$471.80M$324.27M$-129.17M$-1.32
2023-01-31$355.43M$239.61M$-138.97M$-1.47
2022-01-31$238.03M$159.52M$-76.72M$-2.20
2021-01-31$150.19M$95.68M$-31.75M$-1.77
2020-01-31$96.36M$60.68M$-31.81M$-1.96

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-01-3167.15%-17.79%-21.05%-24.87%
2025-01-3169.13%-17.48%-21.85%-25.49%
2024-01-3168.73%-27.38%-29.08%-31.01%
2023-01-3167.41%-39.10%-31.21%-34.61%
2022-01-3167.02%-32.23%-15.30%-344.63%
2021-01-3163.71%-21.14%29.26%-
2020-01-3162.97%-33.01%36.62%-

Cash and debt by year

Period endCash
2026-01-31$124.34M
2025-01-31$83.06M
2024-01-31$68.23M
2023-01-31$68.59M
2022-01-31$478.94M
2021-01-31$28.51M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-01-31$61.85M$143.74M
2025-01-31$23.45M$115.14M
2024-01-31$-2.91M$97.23M
2023-01-31$-37.76M$72.24M
2022-01-31$-37.71M$47.18M
2021-01-31$-8.55M$7.54M
2020-01-31$-9.09M$12.41M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-09-08Jul/2026-
2026-05-27--
2026-03-24--
2025-12-09--
2025-09-04--
2025-06-05--
2025-03-27--
2024-12-09--

Filings and sources

Company website
braze.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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