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Nasdaq · Technology

Braze, Inc. (BRZE)

As-reported financials and SEC filings for Braze, Inc. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Braze, Inc.

Braze, Inc. provides a customer engagement platform that helps brands build and maintain direct relationships with their customers through personalized, real-time interactions across multiple digital channels. Its platform integrates first-party data, AI, and machine learning to enable marketers and other teams to design and execute customer engagement strategies at scale. Braze serves a diverse range of customers worldwide, including global enterprises and technology innovators, supporting communication through channels like email, mobile messaging, in-app messages, and web experiences.

Snapshot

Revenue
$738.2M
Revenue growth (YoY)
24.4%
Net income
$-131.3M
Diluted EPS
$-1.22
Gross margin
67.1%
Operating margin
-19.6%
Net margin
-17.8%
FCF margin
8.4%
ROE
-21.0%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$3.89B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended January 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Braze

  • Revenue grew 24.4% to $738M in FY2026, in line with the 25.8% the year before.
  • Operating margin is -19.6% in FY2026, +13.2 pp against -32.9% in FY2022.
  • Most recent quarter Q1 FY2027: revenue $211M, up 30.2% from Q1 FY2026.
  • Free cash flow was $62M in FY2026, 8.4% of revenue.
  • Net loss widened to $131M in FY2026, from $104M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Braze’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin67.1%
49th percentile of 264
Operating margin-19.6%
17th percentile of 303
Net margin-17.8%
19th percentile of 307
FCF margin8.4%
39th percentile of 285
Revenue growth (YoY)+24.4%
79th percentile of 325
ROE-21.0%
23rd percentile of 285
Short interest7.68d
90th percentile of 330

No reported insider purchases (code P) in the last 90 days; 20 insider sales totaling $8.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$144.5M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$82.2M3.8MReduced
Citadel AdvisorsquantQ2 2026$27.7M1.3MReduced
AQR Capital ManagementquantQ2 2026$18.8M866.3KReduced
First Eagle Investment ManagementQ2 2026$13.2M609.8KAdded
Point72 Asset ManagementquantQ2 2026$2.3M105.2KReduced
D. E. ShawquantQ2 2026$248,22011.4KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
20
$8.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Hyman JonathanChief Technology OfficerSell32.7K$32.28$1.1M
2026-08-27
filed 2026-08-28
Hyman JonathanChief Technology OfficerSell9.3K$33.12$309K
2026-08-24
filed 2026-08-26
McDonnell Edward M.Chief Revenue OfficerSell23.9K$31.29$749K
2026-08-24
filed 2026-08-26
Hyman JonathanChief Technology OfficerSell10.0K$31.04$310K
2026-08-24
filed 2026-08-26
McDonnell Edward M.Chief Revenue OfficerSell5.8K$31.74$184K
2026-08-19
filed 2026-08-21
Malik AsthaChief Business OfficerSell7.5K$30.36$229K
2026-08-19
filed 2026-08-21
Malik AsthaChief Business OfficerSell7.8K$28.74$224K
2026-08-19
filed 2026-08-21
Hyman JonathanChief Technology OfficerSell6.9K$30.37$210K
2026-08-19
filed 2026-08-21
Hyman JonathanChief Technology OfficerSell2.3K$28.77$66K
2026-08-19
filed 2026-08-21
Malik AsthaChief Business OfficerSell400$30.75$12K
2026-08-19
filed 2026-08-21
Hyman JonathanChief Technology OfficerSell200$30.75$6K
2026-08-13
filed 2026-08-14
Hyman JonathanChief Technology OfficerSell35.0K$30.03$1.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
13.8M
settled 2026-08-14
Change vs prior
+16.5%
vs previous settlement
Days to cover
7.68
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1413.8M+16.5%7.68
2026-07-3111.8M-5.7%5.01
2026-07-1512.6M-17.7%5.48
2026-06-3015.3M-0.4%5.98
2026-06-1515.3M-5.2%5.34
2026-05-2916.2M+25.5%4.16
2026-05-1512.9M-12.1%4.36
2026-04-3014.7M+8.3%6.60

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$738.2M$593.4M$471.8M$355.4M$238.0M
Gross profit$495.7M$410.2M$324.3M$239.6M$159.5M
Operating income$-144.8M$-122.2M$-144.7M$-148.1M$-78.2M
Net income$-131.3M$-103.7M$-129.2M$-139.0M$-76.7M
Diluted EPS$-1.22$-1.02$-1.32$-1.47$-2.20

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$124.3M$83.1M$68.2M$68.6M$478.9M
Current assets$567.9M$644.0M$601.1M$583.2M$608.2M
Total assets$1.11B$871.0M$810.9M$705.4M$666.3M
Current liabilities$420.4M$324.5M$289.4M$217.3M$160.0M
Long-term debt
Total liabilities$489.6M$396.2M$366.5M$258.6M$161.4M
Total equity$623.8M$474.9M$444.2M$445.3M$501.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$71.4M$36.7M$6.8M$-22.3M$-35.4M
Capital expenditure$9.6M$13.2M$9.8M$15.4M$2.3M
Free cash flow$61.9M$23.4M$-2.9M$-37.8M$-37.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$211.0M30.2%$-26.6M$-0.24
Q4 FY2026$205.2M27.9%$-31.6M$-0.29
Q3 FY2026$190.8M25.5%$-36.0M$-0.33
Q2 FY2026$180.1M23.8%$-27.9M$-0.26
Q1 FY2026$162.1M19.6%$-35.8M$-0.34
Q4 FY2025$160.4M22.5%$-17.2M$-0.17
Q3 FY2025$152.1M22.7%$-27.9M$-0.27
Q2 FY2025$145.5M26.4%$-23.0M$-0.23

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2026 (ended January 31, 2026)
Latest reported quarterQ1 FY2027 (ended April 30, 2026)
Oldest indexed filing2017
SEC CIK1676238

Selected SEC filings

10-K2026-03-25
View on EDGAR →
10-Q2026-05-28
View on EDGAR →
8-K2026-07-02
View on EDGAR →
8-K2026-05-27
View on EDGAR →
8-K2026-04-28
View on EDGAR →
8-K2026-04-07
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.