BRZENasdaqServices-Prepackaged SoftwareFiscal year ends January 31
Braze, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 9, 2026
$30.04+0.70 (+2.39%)
Close on Oct 19, 2026
- Market cap
- $3.34B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
67.1%+3.4 pts over 5 years
Operating margin
-19.6%+1.8 pts over 5 years
Net margin
-17.8%+3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.4% | +27.6% | +37.5% | – | |
| Gross profit | +20.8% | +27.4% | +39.0% | – | |
| Free cash flow | +163.8% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 32.5% | -23.9% | |
| Return on assets | – | – | -13.2% | |
| Current ratio | – | 1.32 | 1.35 | |
| Capex to revenue | – | 1.6% | 1.3% | |
| Diluted shares | – | 18M | 108M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Braze generated $172.67M from operations and spent $50.51M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$172.67M
Used
$50.51M
Capital expenditure$50.34M100%Dividends$00%Share buybacks$165.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-17.8%
×Asset turnover0.74×
×Equity multiplier1.81×
=Return on equity, FY2026-23.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -17.8% | 0.74× | 1.81× | -23.9% |
| FY2025 | -17.5% | 0.71× | 1.83× | -22.6% |
| FY2024 | -27.4% | 0.62× | 1.70× | -29.0% |
| FY2023 | -39.1% | 0.52× | 1.45× | -29.4% |
| FY2022 | -32.2% | 0.57× | 2.13× | -39.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$131.29M
- Cash generatingOperating cash flow above zero$71.44M
- Return on assets improvedROA up on the prior year-12.8% → -15.1%
- Earnings backed by cashOperating cash flow above net income$71.44M vs -$131.29M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.98 → 1.35
- No dilutionShare count did not rise102M → 108M
- Gross margin improvedGross margin up on the prior year69.13% → 67.15%
- More efficientAsset turnover rose0.73 → 0.85