Braze, Inc.
Description
Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data. It also offers classification products, including segmentation that can define reusable segments of consumers based upon attributes, events, or predictive propensity scores; segment insights, which allows customers to analyze how segments are performing relative to each other across a set of pre-selected key performance indicators; and predictive suite that allows customers to identify groups of consumers that are of critical business value. In addition, the company provides Canvas, an orchestration tool that allows customers to create journeys, mapping out multi-steps, and cross-channel messaging experiences; campaigns, which allows customers to send one set of single-channel or multi-channel messages to be delivered to customers in a particular user segment; event and API triggering; marketing pressure management; and reporting and analytics. Further, it offers personalization products, such as liquid templating platform, connected content platform, content blocks, intelligent timing and channel, personalized variant, and AI item recommendations, and catalogs; and action products. The company was formerly known as Appboy, Inc. and changed its name to Braze, Inc. in November 2017. Braze, Inc. was incorporated in 2011 and is headquartered in New York, New York.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 16, 2025 | — | — | — | — |
| Sep 2, 2025 | — | — | — | — |
| Jun 3, 2025 | — | — | — | — |
| Mar 25, 2025 | — | — | — | — |
| Dec 10, 2024 | — | 0.02 | — | — |
Earnings estimate
|
Current Quarter
(Jan 2025)
|
Next Quarter
(Apr 2025)
|
Current Year
(Jan 2025)
|
Next Year
(Jan 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 17 | 16 | 18 | 18 |
| Average estimate | 0.05 | 0.04 | 0.11 | 0.29 |
| Low estimate | 0.05 | 0.01 | 0.10 | 0.19 |
| High estimate | 0.06 | 0.05 | 0.12 | 0.42 |
| Last year EPS | -0.04 | -0.05 | -0.25 | 0.11 |
Growth estimates
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total reported revenue | 471.80M | 355.43M | 238.04M | 150.19M | 96.36M |
| Cost of revenue | 147.53M | 115.82M | 78.51M | 54.51M | 35.69M |
| Gross profit | 324.27M | 239.61M | 159.52M | 95.68M | 60.68M |
| Operating expense | |||||
| Research & development | 119.86M | 97.29M | 59.03M | 29.21M | 20.34M |
| Selling general and admin | 349.10M | 290.46M | 178.70M | 98.62M | 73.87M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -144.69M | -148.14M | -78.21M | -32.15M | -33.53M |
| Non operating interest income | |||||
| Income | — | — | 506,000 | 1.19M | 2.13M |
| Expense | — | — | 369,000 | 345,000 | — |
| Other income expense | 16.22M | 7.98M | -121,000 | 720,000 | 48,000 |
| Pretax income | -128.47M | -140.16M | -78.33M | -31.43M | -31.36M |
| Tax provision | 1.96M | 583,000 | -165,000 | 537,000 | 452,000 |
| Net income | -130.43M | -140.75M | -78.17M | -31.97M | -31.81M |
| Basic EPS | -1.32 | -1.47 | -2.20 | -0.35 | -0.35 |
| Diluted EPS | -1.32 | -1.47 | -2.20 | -0.35 | -0.35 |
| Basic average shares | 98.10M | 94.57M | 34.90M | 90.26M | 90.26M |
| Diluted average shares | 98.10M | 94.57M | 34.90M | 90.26M | 90.26M |
| EBITDA | -137.73M | -143.52M | -75.44M | -30.56M | -32.89M |
| Net income from continuing op. | -130.43M | -140.75M | -78.17M | -31.97M | -31.81M |
| Minority interests | 1.26M | 1.78M | 1.45M | 217,000 | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Total assets | 810.94M | 705.41M | 666.26M | 171.39M | 153.07M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 68.23M | 68.59M | 478.94M | 28.51M | 6.74M |
| Other short term investments | 407.90M | 410.08M | 35.16M | 58.00M | 85.22M |
| Accounts receivable | 92.26M | 78.34M | 64.50M | 34.77M | 23.27M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 19.74M | 17.67M | 25.04M | 9.62M | 7.70M |
| Restricted cash | 3.37M | — | — | 472,000 | 353,000 |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 4.60M | 5.44M | 3.63M | 2.58M | 3.69M |
| Non current assets | |||||
| Properties | 81.16M | 46.26M | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 24.71M | 19.54M | 10.15M | 6.15M | 2.25M |
| Construction in progress | — | — | — | — | — |
| Leases | 18.79M | 9.41M | 2.47M | 1.98M | 1.39M |
| Accumulated depreciation | -14.14M | -8.61M | -5.23M | -2.64M | -1.09M |
| Goodwill | 60.59M | 500,000 | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 3.69M | 500,000 | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 67.16M | 55.14M | 50.68M | 31.95M | 23.55M |
| Total liabilities | 366.52M | 258.65M | 161.44M | 277.67M | 239.95M |
| Current liabilities | |||||
| Accounts payable | 6.32M | 3.10M | 2.08M | 439,000 | 1.21M |
| Accrued expenses | 21.61M | 17.36M | 12.06M | 13.30M | 4.41M |
| Short term debt | 15.59M | 10.70M | — | — | — |
| Deferred revenue | 204.27M | 166.09M | 126.26M | 74.79M | 51.41M |
| Tax payable | 9.05M | 4.21M | 1.95M | — | — |
| Pensions | 26.91M | 12.62M | 14.08M | 8.12M | 4.13M |
| Other current liabilities | 5.69M | 3.22M | 3.54M | 4.49M | 3.10M |
| Non current liabilities | |||||
| Long term debt | 75.03M | 40.59M | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | 80,000 | 20,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 2.05M | 755,000 | 1.48M | 2.23M | 1.43M |
| Shareholders equity | |||||
| Common stock | 10,000 | 10,000 | 9,000 | — | — |
| Retained earnings | -483.09M | -353.93M | -214.96M | -138.24M | -106.49M |
| Other shareholders equity | -1.18M | -6.82M | -640,000 | -42,000 | 34,000 |
| Total shareholders equity | 444.43M | 446.76M | 504.82M | -106.27M | -86.88M |
| Additional paid in capital | 928.49M | 806.04M | 717.18M | 29.78M | 19.58M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 192,000 | 1.46M | 3.24M | 2.23M | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -130.43M | -140.75M | -78.17M | -31.97M | -31.81M |
| Depreciation | 6.96M | 4.62M | 2.77M | 1.59M | 645,000 |
| Deferred Taxes | — | — | -80,000 | 60,000 | 57,000 |
| Stock-Based Compensation | 97.23M | 72.24M | 47.18M | 7.54M | 12.41M |
| Other Non-Cash Items | 31.63M | 28.39M | 17.63M | 10.68M | 5.78M |
| Accounts Receivable | -14.01M | -14.65M | -29.82M | -12.35M | -12.59M |
| Accounts Payable | 3.42M | 906,000 | 1.65M | -776,000 | -2.55M |
| Other Assets & Liabilities | -5.94M | 14.50M | 14.03M | 4.83M | 15.08M |
| Operating Cash Flow | -11.13M | -34.73M | -24.81M | -20.40M | -12.97M |
| Investing Activities | |||||
| Capital Expenditures | -9.76M | -15.45M | -2.31M | -2.47M | -1.72M |
| Net Intangibles | — | — | — | -1.89M | -830,000 |
| Net Acquisitions | -16.32M | — | — | — | — |
| Purchase of Investments | -248.06M | -638.22M | -36.89M | -59.42M | -123.13M |
| Sale of Investments | 257.74M | 256.41M | 59.31M | 86.24M | 38.45M |
| Investing Cash Flow | -16.40M | -397.26M | 20.11M | 24.36M | -86.40M |
| Financing Activities | |||||
| Long-Term Debt Issuance | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — |
| Other Financing Charges | -165,000 | — | -2.71M | 2.27M | — |
| Financing Cash Flow | -165,000 | — | 459.55M | 2.06M | — |
| Other Cash Details | |||||
| End Cash Position | 72.13M | 72.62M | 482.97M | 33.02M | 11.60M |
| Income Tax Paid | 309,000 | 365,000 | 299,000 | 472,000 | 176,000 |
| Interest Paid | — | — | — | — | — |
| Free Cash Flow | -6.49M | -39.01M | -39.77M | -10.43M | -9.92M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,871,865 | 79.74M | 2.14% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,866,290 | 79.50M | 2.13% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,456,149 | 62.03M | 1.66% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 1,321,225 | 56.28M | 1.51% |
| Advisors Inner Circle Fund II-Champlain Small Company Fund | Sep 30, 2024 | 1,030,000 | 43.88M | 1.18% |
| AB Cap Fd.-AB Small Cap Growth Port | Dec 31, 2024 | 947,669 | 40.37M | 1.08% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 885,843 | 37.74M | 1.01% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 801,871 | 34.16M | 0.92% |
| Old Westbury Small & Mid Cap Strategies Fund | Oct 31, 2024 | 775,000 | 33.01M | 0.89% |
| Price (T.Rowe) Small Cap Stock Fund | Sep 30, 2024 | 740,158 | 31.53M | 0.85% |
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