Total Revenue (USD, thousands)

Cost of Goods Sold (COGS) (USD, thousands)

Selling, General, and Administrative Expenses (SG&A) (USD, thousands)

Research and Development (R&D) (USD, thousands)

Depreciation and Amortization (D&A) (USD, thousands)

Interest Expense (USD, thousands)

Operating Income (EBIT) (USD, thousands)

Net Income (USD, thousands)

Earnings Per Share (EPS) - Basic (USD)

Earnings Per Share (EPS) - Diluted (USD)

7663335df73716a2d1f52c5d59fb71d775fa8ca17b82d82cf863b5c09b019434

Current Assets (USD, thousands)

Cash and Cash Equivalents (USD, thousands)

Accounts Receivable (USD, thousands)

Inventory (USD, thousands)

Non-Current Assets (USD, thousands)

Property, Plant, and Equipment (PP&E) (USD, thousands)

Goodwill (USD, thousands)

Intangible Assets (USD, thousands)

Current Liabilities (USD, thousands)

Accounts Payable (USD, thousands)

Short-term Debt (USD, thousands)

Accrued Expenses (USD, thousands)

Non-Current Liabilities (USD, thousands)

Long-term Debt (USD, thousands)

Lease Liabilities (USD, thousands)

Deferred Tax Liabilities (USD, thousands)

Shareholders' Equity (USD, thousands)

Retained Earnings (USD, thousands)

Common Stock (USD, thousands)

Additional Paid-in Capital (USD, thousands)

a9ac44f188458e5aafc9605928af90ce4fe5734aca175ce1cd457d0073894b69

Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

f67b48ff622a31b787a513c680fc31ef2f8621849a0d95c1855d5c772aaef7f0

Number of customers (count)

Number of customers with ARR of 500000 or more (count)

Number of monthly active users (billions)

Dollar-based net retention rate for all customers (percentage)

Dollar-based net retention rate for customers with ARR of 500000 or more (percentage)

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Cash and cash equivalents (USD, thousands)

Restricted cash, current (USD, thousands)

Accounts receivable, net of allowance (USD, thousands)

Marketable securities (USD, thousands)

Prepaid expenses and other current assets (USD, thousands)

Total current assets (USD, thousands)

Restricted cash, noncurrent (USD, thousands)

Property and equipment, net (USD, thousands)

Operating lease right-of-use assets (USD, thousands)

Deferred contract costs (USD, thousands)

Intangible assets, net (USD, thousands)

Other assets (USD, thousands)

Total assets (USD, thousands)

Accounts payable (USD, thousands)

Accrued expenses and other current liabilities (USD, thousands)

Deferred revenue (USD, thousands)

Operating lease liabilities, current (USD, thousands)

Total current liabilities (USD, thousands)

Operating lease liabilities, noncurrent (USD, thousands)

Other long-term liabilities (USD, thousands)

Total liabilities (USD, thousands)

Redeemable non-controlling interest (USD, thousands)

Class A common stock (USD, thousands)

Class B common stock (USD, thousands)

Additional paid-in capital (USD, thousands)

Accumulated other comprehensive loss (USD, thousands)

Accumulated deficit (USD, thousands)

Total stockholders’ equity (USD, thousands)

Total liabilities, redeemable non-controlling interest, and stockholders' equity (USD, thousands)

d6c315cfeb6511518dc93bd50449b7042d33bbe6074e51e1ac3822a631ae1929

The increase in cash during Q2 2025 was driven primarily by **strong operating cash flow**, which contributed **$31,007 thousand** from core business activities. This robust performance, supported by adjustments like **stock-based compensation** and favorable **working capital changes** (e.g., a **$20,689 thousand** decrease in accounts receivable and an increase in deferred revenue of **$7,828 thousand**) helped propel the cash balance upward. These gains were partially offset by **investing activities** that used **$27,431 thousand** and by financing activities that provided **$4,041 thousand**, with a minor negative effect of **$99 thousand** from foreign currency fluctuations.  **[0001676238-24-000169_a20240731-brazeincxq225ear.htm:9]** **[0001676238-24-000171_brze-20240731.htm:5]** **[0001676238-24-000169_a20240731-brazeincxq225ear.htm:10]** 

What drove the increase in cash in Q2 2025?

In Q3 2025, **cash dropped** primarily due to increased operational cash outflows and a more negative free cash flow. Specifically, **cash used in operations increased from $2 million to $11.4 million**, and free cash flow worsened from **negative $5.9 million to negative $14.2 million**. Additionally, fluctuations in the timing of customer and vendor payments (capitalized costs) further contributed to the decrease in cash and cash equivalents.  **[BRZE_3411165_6]** **[0001676238-24-000206_a20241031-brazeincxq325ear.htm:9]** **[0001676238-24-000208_brze-20241031.htm:5]** 

Why did cash drop in Q3 2025?

The spike in Q4 2024 liabilities was driven by three main factors: an increase in **deferred revenue** due to higher customer prepayments, elevated **operating lease liabilities** (both current and noncurrent) because of new or expanded lease agreements, and a rise in **accrued expenses and other current liabilities** that likely reflect higher accrued compensation and vendor obligations.  **[0001676238-24-000049_brze-20240131.htm:119]** **[0001676238-24-000047_a20240131-brazeincxfy24ear.htm:10]** 

What caused the spike in liabilities in Q4 2024?

The comprehensive loss improved due to significant positive contributions from unrealized gains and currency translation adjustments. According to the documents, the Accumulated Other Comprehensive Loss shifted from **$(1,178) thousand** to **$348 thousand** during the period. This change was driven by **$1,296 thousand** in unrealized gains on marketable securities and an additional **$230 thousand** from foreign currency translation adjustments, together resulting in a net improvement of **$1,526 thousand**.  **[0001676238-24-000206_a20241031-brazeincxq325ear.htm:9]** **[0001676238-24-000208_brze-20241031.htm:6]** 

How did the comprehensive loss improve to a positive value in Q3 2025?

In Q4 2024, the documents indicate that **accounts receivable, net of allowance** increased from **$78,338 thousand** to **$92,256 thousand**. They note that the documents do not provide specific reasons for this spike. However, common factors that may contribute to such an increase include **increased sales**, **changes in billing practices**, or **variations in customer payment behavior**, alongside a rise in the **allowance for credit losses** from **$1,613 thousand to $2,772 thousand**.  **[0001676238-24-000047_a20240131-brazeincxfy24ear.htm:10]** **[0001676238-24-000049_brze-20240131.htm:119]** 

Why did accounts receivable spike in Q4 2024?

4b42be249a2dca4eed07c2206585d0cb56d5273eef5e0386a92a7f7b4735c907

9e969f333eaa36239f6a6dfc1d7ca1f5b3616e900987e523adbe1933fb0a0c14

Revenue (USD, thousands)

Cost of revenue (USD, thousands)

Gross profit (USD, thousands)

Operating expenses: Sales and marketing (USD, thousands)

Operating expenses: Research and development (USD, thousands)

Operating expenses: General and administrative (USD, thousands)

Total operating expenses (USD, thousands)

Loss from operations (USD, thousands)

Other income, net (USD, thousands)

Loss before provision for income taxes (USD, thousands)

Provision for income taxes (USD, thousands)

Net loss (USD, thousands)

Net loss attributable to redeemable non-controlling interest (USD, thousands)

Net loss attributable to Braze, Inc. (USD, thousands)

Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted (USD)

Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic and diluted (Shares)

30ffe2a642aa66fcb3429efacd5fed2622979b8819fbc5438565dc71fed9040b

Braze Inc (BRZE)

Financials