Braze vs Navan
Braze and Navan are similar in size: $738m and $702m of revenue in their latest fiscal years. Navan grew faster (30.8% against 24.4%). Braze kept more of each dollar of sales as profit: a net margin of -17.8% against -56.7%.
| Latest fiscal year | BrazeBRZE, 2026 | NavanNAVN, 2026 |
|---|---|---|
| Revenue | $738m | $702m |
| Revenue growth | 24.4% | 30.8% |
| Net income | −$131m | −$398m |
| Operating margin | -19.6% | -28.0% |
| Net margin | -17.8% | -56.7% |
| Return on equity | -23.9% | — |
| Free cash flow | $61.9m | $32.8m |
| Cash | $124m | $584m |
| Total debt | — | $125m |
| Debt to equity | — | 10.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,988 | 3,700 |
| Market value | $5.09bn | $6.32bn |
| Price vs our value range | — | — |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 0 buys, 44 sales | 50 buys, 45 sales |