Braze, Inc. income statement
In fiscal 2026, Braze, Inc. reported revenue of $738m, up 24.4% on the year before, operating income of −$145m (a -19.6% margin) and net income of −$131m, or −$1.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 150 | 238 | 355 | 472 | 593 | 738 | 834 |
| Cost of revenue | 36 | 55 | 79 | 116 | 148 | 183 | 243 | 281 |
| Gross profit | 61 | 96 | 160 | 240 | 324 | 410 | 496 | 553 |
| Research and development | 20 | 29 | 59 | 97 | 120 | 134 | 167 | 180 |
| Selling and marketing | 57 | 71 | 127 | 202 | 247 | 282 | 327 | 352 |
| General and administrative | 17 | 28 | 52 | 89 | 102 | 116 | 146 | 132 |
| Operating income | −34 | −32 | −78 | −148 | −145 | −122 | −145 | −111 |
| Income before tax | −31 | −31 | −78 | −140 | −128 | −101 | −128 | −99 |
| Income tax | 0 | 1 | −0 | 1 | 2 | 3 | 3 | 12 |
| Net income | −32 | −32 | −77 | −139 | −129 | −104 | −131 | −113 |
| Diluted EPS | −$0.98 | −$0.89 | −$2.20 | −$1.47 | −$1.32 | −$1.02 | −$1.22 | −$1.02 |
| Diluted shares (average) | 32m | 36m | 35m | 95m | 98m | 102m | 108m | 111m |
| EBITDA | −33 | −31 | −75 | −144 | −138 | −112 | −125 | −88 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 152 | 160 | 162 | 180 | 191 | 205 | 211 | 227 |
| Cost of revenue | 46 | 49 | 51 | 58 | 63 | 71 | 72 | 75 |
| Gross profit | 106 | 111 | 111 | 122 | 128 | 134 | 139 | 152 |
| Research and development | 33 | 34 | 37 | 41 | 44 | 45 | 46 | 45 |
| Selling and marketing | 75 | 69 | 74 | 83 | 89 | 82 | 89 | 93 |
| General and administrative | 31 | 30 | 41 | 37 | 33 | 36 | 31 | 32 |
| Operating income | −33 | −22 | −40 | −39 | −38 | −28 | −28 | −18 |
| Income before tax | −27 | −16 | −35 | −35 | −34 | −25 | −24 | −16 |
| Income tax | 1 | 1 | 1 | −7 | 2 | 7 | 1 | 2 |
| Net income | −28 | −17 | −36 | −28 | −36 | −32 | −27 | −19 |
| Diluted EPS | −$0.27 | −$0.17 | −$0.34 | −$0.26 | −$0.33 | −$0.29 | −$0.24 | −$0.17 |
| EBITDA | −30 | −19 | −38 | −36 | −35 | −17 | −21 | −15 |
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