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Braze, Inc.

BRZE Clue Score57
United States Fiscal year ends January CIK 0001676238
$29.06 +2.11% Close, 9 Oct 2026
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Price $29.06 −38.98% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 17 Nov 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue96.4Operating income−33.5Net income−31.8EPS, diluted−1.96Fiscal year 2021Revenue150.2 +55.9%Operating income−32.2Net income−31.8EPS, diluted−1.77Fiscal year 2022Revenue238.0 +58.5%Operating income−78.2Net income−76.7EPS, diluted−2.20Fiscal year 2023Revenue355.4 +49.3%Operating income−148.1Net income−139.0EPS, diluted−1.47Fiscal year 2024Revenue471.8 +32.7%Operating income−144.7Net income−129.2EPS, diluted−1.32Fiscal year 2025Revenue593.4 +25.8%Operating income−122.2Net income−103.7EPS, diluted−1.02Fiscal year 2026Revenue738.2 +24.4%Operating income−144.8Net income−131.3EPS, diluted−1.22
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 96.4 150.2 238.0 355.4 471.8 593.4 738.2
Growth +55.9% +58.5% +49.3% +32.7% +25.8% +24.4%
Operating income −33.5 −32.2 −78.2 −148.1 −144.7 −122.2 −144.8
Net income −31.8 −31.8 −76.7 −139.0 −129.2 −103.7 −131.3
Growth
EPS, diluted −1.96 −1.77 −2.20 −1.47 −1.32 −1.02 −1.22

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin63.0%Operating margin−34.8%Net margin−33.0%Free cash flow margin−9.4%Fiscal year 2021Gross margin63.7%Operating margin−21.4%Net margin−21.1%Free cash flow margin−5.7%Fiscal year 2022Gross margin67.0%Operating margin−32.9%Net margin−32.2%Free cash flow margin−15.8%Fiscal year 2023Gross margin67.4%Operating margin−41.7%Net margin−39.1%Free cash flow margin−10.6%Fiscal year 2024Gross margin68.7%Operating margin−30.7%Net margin−27.4%Free cash flow margin−0.6%Fiscal year 2025Gross margin69.1%Operating margin−20.6%Net margin−17.5%Free cash flow margin4.0%Fiscal year 2026Gross margin67.1%Operating margin−19.6%Net margin−17.8%Free cash flow margin8.4%
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 63.0% 63.7% 67.0% 67.4% 68.7% 69.1% 67.1%
Operating margin −34.8% −21.4% −32.9% −41.7% −30.7% −20.6% −19.6%
Net margin −33.0% −21.1% −32.2% −39.1% −27.4% −17.5% −17.8%
Free cash flow margin −9.4% −5.7% −15.8% −10.6% −0.6% 4.0% 8.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−7.4Capital expenditure−1.7Free cash flow−9.1Buybacks0.0Fiscal year 2021Operating cash flow−6.1Capital expenditure−2.5Free cash flow−8.5Buybacks−0.2Fiscal year 2022Operating cash flow−35.4Capital expenditure−2.3Free cash flow−37.7Buybacks0.0Fiscal year 2023Operating cash flow−22.3Capital expenditure−15.4Free cash flow−37.8Buybacks0.0Fiscal year 2024Operating cash flow6.9Capital expenditure−9.8Free cash flow−2.9Buybacks−0.2Fiscal year 2025Operating cash flow36.7Capital expenditure−13.2Free cash flow23.4Fiscal year 2026Operating cash flow71.4Capital expenditure−9.6Free cash flow61.9 +163.8%
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −7.4 −6.1 −35.4 −22.3 6.9 36.7 71.4
Capital expenditure −1.7 −2.5 −2.3 −15.4 −9.8 −13.2 −9.6
Free cash flow −9.1 −8.5 −37.7 −37.8 −2.9 23.4 61.9
Growth +163.8%
Buybacks 0.0 −0.2 0.0 0.0 −0.2 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash11.6Shareholders’ equity−86.9Fiscal year 2021Cash28.5Shareholders’ equity−108.5Fiscal year 2022Cash478.9Shareholders’ equity501.6Fiscal year 2023Cash68.6Shareholders’ equity445.3Fiscal year 2024Cash68.2Shareholders’ equity444.2Fiscal year 2025Cash83.1Shareholders’ equity474.9Fiscal year 2026Cash124.3Shareholders’ equity623.8
FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 11.6 28.5 478.9 68.6 68.2 83.1 124.3
Shareholders’ equity −86.9 −108.5 501.6 445.3 444.2 474.9 623.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2025 31 Jan 2025 FY2026 31 Jan 2026
Margins
63.0% 63.7% 67.0% 67.4% 68.7% 69.1% 67.1%
−34.8% −21.4% −32.9% −41.7% −30.7% −20.6% −19.6%
−32.5% −20.9% −32.9% −39.4% −27.2% −17.0% −17.4%
−33.0% −21.1% −32.2% −39.1% −27.4% −17.5% −17.8%
−9.4% −5.7% −15.8% −10.6% −0.6% 4.0% 8.4%
Spending
21.1% 19.4% 24.8% 27.4% 25.4% 22.6% 22.6%
17.1% 18.6% 21.7% 25.0% 21.6% 19.6% 19.8%
1.8% 1.6% 1.0% 4.3% 2.1% 2.2% 1.3%
Returns
n/a n/a −15.3% −31.2% −29.1% −21.8% −21.0%
n/a −18.5% −11.5% −19.7% −15.9% −11.9% −11.8%
Balance and payout
n/a 60.4% 24.2% 36.7% 45.2% 45.5% 44.0%