BRZE Nasdaq Services-Prepackaged Software Financials FY2020βFY2026
Braze, Inc. had $738M of revenue in fiscal 2026, up 24.4% on the year before. Over five years, revenue changed +37.5% a year on average.
Last close Β· Oct 23, 2026
$45.88
0.0%Hi! I read Braze, Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+24.4%
Yes. Sales grew 24.4% last year.
Does it make a profit?
β17.8%
No. It lost money last year.
Does profit turn into cash?
8.4%
Partly. 8.4% of sales ends up as free cash.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Braze, Inc. had $738M of revenue in fiscal 2026, up 24.4% on the year before. Over five years, revenue changed +37.5% a year on average. Its operating margin was β19.6%, up 1.0Β pts: of every 100 in sales, about β20 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Braze, Inc. lost $131M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $61.9M in fiscal 2026, 8.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $25.9M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$25.9M
7 insiders
Of sales under plans
96%
$25.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 285,000 | $45.33 | $12.9M | Form 4 |
| Oct 15, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 10,000 | $30.04 | $0.3M | Form 4 |
| Aug 27, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 42,000 | $32.47 | $1.4M | Form 4 |
| Aug 24, 2026 | Edward M. McDonnellChief Revenue Officer | Sold plan | 29,732 | $31.38 | $0.9M | Form 4 |
| Aug 24, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 10,000 | $31.04 | $0.3M | Form 4 |
| Aug 19, 2026 | Astha MalikChief Business Officer | Sold plan | 15,724 | $29.57 | $0.5M | Form 4 |
| Aug 19, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 9,413 | $29.99 | $0.3M | Form 4 |
| Aug 13, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 35,000 | $30.03 | $1.1M | Form 4 |
| Aug 10, 2026 | Astha MalikChief Business Officer | Sold plan | 33,656 | $27.65 | $0.9M | Form 4 |
| Aug 10, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 10,148 | $27.27 | $0.3M | Form 4 |
| Aug 7, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 17,895 | $27.03 | $0.5M | Form 4 |
| Jul 15, 2026 | Astha MalikChief Business Officer | Sold plan | 51,440 | $26.39 | $1.4M | Form 4 |
| Jul 15, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 2,472 | $27.00 | $0.1M | Form 4 |
| Jul 14, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 31,296 | $25.62 | $0.8M | Form 4 |
| Apr 9, 2026 | Susan WisemanGeneral Counsel | Sold | 35,000 | $20.29 | $0.7M | Form 4 |
| Apr 6, 2026 | Isabelle WinklesChief Financial Officer | Sold plan | 8,274 | $23.31 | $0.2M | Form 4 |
| Feb 19, 2026 | Susan WisemanGeneral Counsel | Sold plan | 4,167 | $17.03 | $0.1M | Form 4 |
| Feb 18, 2026 | Pankaj MalikChief Accounting Officer | Sold plan | 2,893 | $16.93 | $0.0M | Form 4 |
| Feb 18, 2026 | Susan WisemanGeneral Counsel | Sold plan | 5,763 | $16.93 | $0.1M | Form 4 |
| Feb 18, 2026 | William MagnusonChief Executive Officer, Director | Sold plan | 26,413 | $16.93 | $0.4M | Form 4 |
| Feb 18, 2026 | Jonathan HymanChief Technology Officer | Sold plan | 7,391 | $16.93 | $0.1M | Form 4 |
| Feb 18, 2026 | Isabelle WinklesChief Financial Officer | Sold plan | 12,532 | $16.93 | $0.2M | Form 4 |
| Feb 18, 2026 | Astha MalikChief Business Officer | Sold plan | 14,049 | $16.93 | $0.2M | Form 4 |
| Dec 17, 2025 | Pankaj MalikChief Accounting Officer | Sold | 5,540 | $35.76 | $0.2M | Form 4 |
| Nov 20, 2025 | Susan WisemanGeneral Counsel | Sold plan | 4,456 | $27.57 | $0.1M | Form 4 |
| Nov 18, 2025 | Pankaj MalikChief Accounting Officer | Sold plan | 3,644 | $26.64 | $0.1M | Form 4 |
| Nov 18, 2025 | Jonathan HymanChief Technology Officer | Sold plan | 9,789 | $26.64 | $0.3M | Form 4 |
| Nov 18, 2025 | Susan WisemanGeneral Counsel | Sold plan | 5,474 | $26.64 | $0.1M | Form 4 |
| Nov 18, 2025 | Isabelle WinklesChief Financial Officer | Sold plan | 12,422 | $26.64 | $0.3M | Form 4 |
| Nov 18, 2025 | William MagnusonChief Executive Officer, Director | Sold plan | 26,698 | $26.64 | $0.7M | Form 4 |
| Nov 18, 2025 | Astha MalikChief Business Officer | Sold plan | 14,322 | $26.64 | $0.4M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Braze, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $514M | $68.6M | $68.2M | $83.1M | $124M |
| Current ratio | 3.8x | 2.7x | 2.1x | 2.0x | 1.4x |
| Quick ratio | 3.8x | 2.7x | 2.1x | 2.0x | 1.4x |
| Total assets | $666M | $705M | $811M | $871M | $1.1B |
| Total liabilities | $161M | $259M | $367M | $396M | $490M |
| Shareholders' equity | $502M | $445M | $444M | $475M | $624M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Braze, Inc. passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 8 | 3 / 8 | 5 / 8 | 5 / 8 | 3 / 8 |
| Accruals ratio | β | β15.0% | β9.9% | β17.0% | β17.9% | β16.7% | β20.4% |
| Altman Z'' | β | β3.74 | 5.83 | 2.16 | 0.65 | 0.53 | β0.77 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $96.4M | $150M | $238M | $355M | $472M | $593M | $738M |
| Gross profit | $60.7M | $95.7M | $160M | $240M | $324M | $410M | $496M |
| Research and development | $20.3M | $29.2M | $59.0M | $97.3M | $120M | $134M | $167M |
| Operating income | β$33.5M | β$32.2M | β$78.2M | β$148M | β$145M | β$122M | β$145M |
| Pretax income | β$31.4M | β$31.4M | β$78.3M | β$140M | β$128M | β$101M | β$128M |
| Income tax | $0.5M | $0.5M | β$0.2M | $0.6M | $2.0M | $3.4M | $2.6M |
| Net income | β$31.8M | β$31.8M | β$76.7M | β$139M | β$129M | β$104M | β$131M |
| Diluted EPS | β$1.96 | β$1.77 | β$2.20 | β$1.47 | β$1.32 | β$1.02 | β$1.22 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.09B | 0.10B | 0.10B | 0.11B |
| Cash flow | |||||||
| Cash from operations | β$7.4M | β$6.1M | β$35.4M | β$22.3M | $6.9M | $36.7M | $71.4M |
| Capital expenditure | $1.7M | $2.5M | $2.3M | $15.4M | $9.8M | $13.2M | $9.6M |
| Free cash flow | β$9.1M | β$8.5M | β$37.7M | β$37.8M | β$2.9M | $23.4M | $61.9M |
| Depreciation and amortization | $0.6M | $1.6M | $2.8M | $4.6M | $7.0M | $10.1M | $19.3M |
| Stock-based compensation | $12.4M | $7.5M | $47.2M | $72.2M | $97.2M | $115M | $144M |
| Acquisitions | β | β | $0.0M | $0.0M | $16.3M | $0.0M | $182M |
| Share buybacks | $0.0M | $0.2M | $0.0M | $0.0M | $0.2M | β | β |
| Dividends and buybacks | $0.0M | $0.2M | $0.0M | $0.0M | $0.2M | β | β |
| Balance sheet | |||||||
| Cash and short-term investments | $11.6M | $86.5M | $514M | $68.6M | $68.2M | $83.1M | $124M |
| Current assets | β | $134M | $608M | $583M | $601M | $644M | $568M |
| Current liabilities | β | $101M | $160M | $217M | $289M | $324M | $420M |
| Property and equipment, net | β | $5.5M | $7.4M | $20.3M | $29.4M | $38.6M | $43.5M |
| Goodwill | β | β | β | $0.0M | $28.4M | $28.4M | $262M |
| Intangible assets | β | β | β | $0.5M | $3.7M | $3.1M | $61.5M |
| Total assets | β | $171M | $666M | $705M | $811M | $871M | $1.1B |
| Total liabilities | β | $103M | $161M | $259M | $367M | $396M | $490M |
| Preferred stock | β | $0.0M | $0.0M | β | β | β | β |
| Shareholders' equity | β$86.9M | β$109M | $502M | $445M | $444M | $475M | $624M |
| Margins | |||||||
| Gross margin | 63.0% | 63.7% | 67.0% | 67.4% | 68.7% | 69.1% | 67.1% |
| Operating margin | β34.8% | β21.4% | β32.9% | β41.7% | β30.7% | β20.6% | β19.6% |
| EBITDA margin | β34.1% | β20.3% | β31.7% | β40.4% | β29.2% | β18.9% | β17.0% |
| Net margin | β33.0% | β21.1% | β32.2% | β39.1% | β27.4% | β17.5% | β17.8% |
| FCF margin | β9.4% | β5.7% | β15.8% | β10.6% | β0.6% | 4.0% | 8.4% |
| Returns | |||||||
| Return on capital employed | β | β45.8% | β15.4% | β30.4% | β27.7% | β22.4% | β20.9% |
| Return on equity | β | β | β39.0% | β29.4% | β29.0% | β22.6% | β23.9% |
| Return on assets | β | β18.5% | β18.3% | β20.3% | β17.0% | β12.3% | β13.2% |
| Return on tangible equity | β | β | β15.3% | β31.2% | β31.3% | β23.4% | β43.7% |
| Growth | |||||||
| Revenue growth | β | 55.9% | 58.5% | 49.3% | 32.7% | 25.8% | 24.4% |
| FCF growth | β | β | β | β | β | β | 163.8% |
| Share count change | β | 11.0% | 94.2% | 171.0% | 3.7% | 4.2% | 5.6% |
| Financial health | |||||||
| Current ratio | β | 1.3x | 3.8x | 2.7x | 2.1x | 2.0x | 1.4x |
| Quick ratio | β | 1.3x | 3.8x | 2.7x | 2.1x | 2.0x | 1.4x |
| Capital allocation | |||||||
| Capex / revenue | 1.8% | 1.6% | 1.0% | 4.3% | 2.1% | 2.2% | 1.3% |
| Stock comp / revenue | 12.9% | 5.0% | 19.8% | 20.3% | 20.6% | 19.4% | 19.5% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 4.0 | 3.0 | 5.0 | 5.0 | 3.0 |
| Altman Z'' | β | β3.7 | 5.8 | 2.2 | 0.7 | 0.5 | β0.8 |
| Accruals ratio | β | β15.0% | β9.9% | β17.0% | β17.9% | β16.7% | β20.4% |
Source: SEC EDGAR XBRL filings (CIK 0001676238). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
