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Braze, Inc.

Braze, Inc.

NASDAQ•BRZE
CEO: Mr. William Magnuson
Sector: Technology
Industry: Software - Application
Listing Date: 2021-11-17
Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company 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 that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data. It also offers classification products, including segmentation that can 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 provides Canvas, an orchestration tool that allows customers to create journeys, mapping out multi-steps, and cross-channel messaging experiences; campaigns, which allows customers to send one set of single-channel or multi-channel messages to be delivered to customers in a particular user segment; event and API triggering; marketing pressure management; and reporting and analytics. Further, it offers personalization products, such as liquid templating platform, connected content platform, content blocks, intelligent timing and channel, personalized variant, and AI item recommendations, and catalogs; and action products. 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.
Contact Information
330 West 34th Street, Floor 18, New York, NY, 10001, United States
609-964-0585
www.braze.com
Market Cap
$2.57B
P/E (TTM)
-23.0
65.9
Dividend Yield
--
52W High
$48.33
52W Low
$22.66
52W Range
10%
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2026 Data

Revenue

$190.84M+25.51%
4-Quarter Trend

EPS

-$0.33+22.22%
4-Quarter Trend

FCF

$19.03M-233.53%
4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Strong Revenue Growth Nine months revenue reached $533.0M, marking a 23.1% increase over prior period results.
Operating Cash Flow Surge Net cash provided by operating activities was $52.1M for nine months, showing substantial improvement.
Platform User Expansion Monthly active users grew to 7.8B as of October 31, 2025, up from 7.2B at January 31, 2025.
OfferFit Acquisition Closed Completed OfferFit acquisition for $303.2M adjusted price, deepening integration of decisioning engine capabilities.

Risk Factors

Net Loss Widening Nine months net loss increased to $(99.2M)$ compared to $(86.9M)$ last year, driven by operating expenses.
Gross Margin Compression Gross margin decreased 1.3 points to 67.8% due to integration costs from the recent OfferFit acquisition.
IT General Control Weakness Material weakness identified in ITGCs related to user access and program change management controls.
Retention Rate Decline Dollar-based net retention rate fell to 108% for trailing twelve months, down from 113% previously.

Outlook

Continued R&D Investment Expect continued investment in R&D to enhance platform features, including AI/ML capabilities for customer data analysis.
Geographic Market Expansion Plan to increase market penetration in international regions like Europe and Asia-Pacific for long-term growth.
IT Controls Remediation Expect completion of material weakness remediation efforts for ITGCs by the fourth quarter of fiscal year 2026.
Sufficient Liquidity Position Current cash, equivalents, and marketable securities of $387.3M expected to meet working capital needs for 12 months.

Peer Comparison

Revenue (TTM)

WEBTOON Entertainment Inc.WBTN
$1.40B
+5.7%
Blackbaud, Inc.BLKB
$1.14B
-1.1%
Alarm.com Holdings, Inc.ALRM
$991.77M
+7.4%

Gross Margin (Latest Quarter)

Alarm.com Holdings, Inc.ALRM
90.5%
+25.8pp
Grindr Inc.GRND
75.0%
+0.7pp
Braze, Inc.BRZE
67.2%
-2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
YOU$3.38B18.7124.2%0.0%
IE$2.87B-48.0-19.1%19.2%
NCNO$2.81B-127.7-2.0%17.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.0%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 25, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2026

    Period End: Oct 31, 2025|Filed: Dec 10, 2025|
    Revenue: $190.84M+25.5%
    |
    EPS: $-0.33+22.2%
    Miss
  • Form 10-Q - Q2 2026

    Period End: Jul 31, 2025|Filed: Sep 5, 2025|
    Revenue: $180.11M+23.8%
    |
    EPS: $-0.26+13.0%
    Miss
  • Form 10-Q - Q1 2026

    Period End: Apr 30, 2025|Filed: Jun 6, 2025|
    Revenue: $162.06M+19.6%
    |
    EPS: $-0.34-2.9%
    Miss
  • Form 10-K - FY 2025

    Period End: Jan 31, 2025|Filed: Mar 31, 2025|
    Revenue: $593.41M+25.8%
    |
    EPS: $-1.02+22.7%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Oct 31, 2024|Filed: Dec 10, 2024|
    Revenue: $152.05M+22.7%
    |
    EPS: $-0.27-12.9%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jul 31, 2024|Filed: Sep 6, 2024|
    Revenue: $145.50M+26.4%
    |
    EPS: $-0.23-30.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Apr 30, 2024|Filed: Jun 7, 2024|
    Revenue: $135.46M+33.1%
    |
    EPS: $-0.35-12.5%
    Miss
  • Form 10-K - FY 2024

    Period End: Jan 31, 2024|Filed: Apr 1, 2024|
    Revenue: $471.80M+32.7%
    |
    EPS: $-1.32+11.4%
    Miss