Braze, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $738.2M | $593.4M | $471.8M | $355.4M | $238.0M | $150.2M | $96.4M |
| Cost of Revenue | $242.5M | $183.2M | $147.5M | $115.8M | $78.5M | $54.5M | $35.7M |
| Gross Profit | $495.7M | $410.2M | $324.3M | $239.6M | $159.5M | $95.7M | $60.7M |
| Gross Margin | 67.1% | 69.1% | 68.7% | 67.4% | 67.0% | 63.7% | 63.0% |
| Operating Expenses | |||||||
| Research & Development | $167.1M | $134.0M | $119.9M | $97.3M | $59.0M | $29.2M | $20.3M |
| SG&A Expense | $146.3M | $116.1M | $102.0M | $88.8M | $51.6M | $28.0M | $16.5M |
| Operating Income | $-144.8M | $-122.2M | $-144.7M | $-148.1M | $-78.2M | $-32.2M | $-33.5M |
| Operating Margin | -19.6% | -20.6% | -30.7% | -41.7% | -32.9% | -21.4% | -34.8% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $-128.2M | $-100.6M | $-128.5M | $-140.2M | $-78.3M | $-31.4M | $-31.4M |
| Income Tax Expense | $2.6M | $3.4M | $2.0M | $583.0K | $-165.0K | $537.0K | $452.0K |
| Net Income | $-131.3M | $-103.7M | $-129.2M | $-139.0M | $-76.7M | $-31.8M | $-31.8M |
| Net Margin | -17.8% | -17.5% | -27.4% | -39.1% | -32.2% | -21.1% | -33.0% |
| EPS (Basic) | $-1.22 | $-1.02 | $-1.32 | $-1.47 | $-0.73 | $-0.59 | $-0.65 |
| EPS (Diluted) | $-1.22 | $-1.02 | $-1.32 | $-1.47 | $-0.73 | $-0.59 | $-0.65 |
| Shares Outstanding (Basic) | 107.9M | 102.2M | 98.1M | 94.6M | 104.7M | 53.9M | 48.6M |
| Shares Outstanding (Diluted) | 107.9M | 102.2M | 98.1M | 94.6M | 104.7M | 53.9M | 48.6M |
| Dividends Per Share | — | — | — | — | — | — | — |