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Braze (BRZE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Braze
NasdaqGS•Technology•Software - Application
$24.87-0.55(-0.02%)Pre-market
Market Cap
$2.77B
P/S
3.3x
P/B
4.6x

Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. It 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 to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, that allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; Braze Cloud Data Ingestion that offers direct connections to cloud services and data warehouses, marketing, product, and growth teams; Braze Currents to stream data in real time; and Snowflake Data Sharing to track and store data. It also provides segmentation that 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 offers Canvas, an orchestration tool; campaigns, which allows customers; event and API triggering; marketing pressure management; and reporting and analytics, as well as content generation and quality assurance platform, content management, catalogs, templating language, connected content, and intelligent timing and channel products. Further, it provides decisioning studio; agent console; liquid assistant and AI copywriter; personalized variant; AI item recommendations; and MCP Servers. 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.

C

How this company scores

AverageMetricSide Score: 56/100

Strongest: Growth (16/25); weakest: Profitability (9/25).

Profitability9/25
Growth16/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality16/25
Strengths
Growing revenueRising free cash flowInterest easily coveredConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 3.3x5y range 3.2x – 12.0x
P/S 3.3x · below its 17-quarter median

Currently below its 17-quarter median.

P/B · 4.6x5y range 3.5x – 12.7x
P/B 4.6x · below its 19-quarter median

Currently below its 19-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.6x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $2.77B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$834.24M
7Q
Q. Revenue
$227.23M
7Q
TTM EBITDA
$-90.79M
3Q
TTM Op. Income
$-111.42M
2Q
Q. Op. Income
$-18.12M
5Q
TTM Net Income
$-113.05M
2Q
Q. Net Income
$-18.85M
3Q
EPS
$-0.17
3Q
Shares Out.
$111.25M
4%
$834.24M in TTM revenue grew 27.4% YoY, reaching $227.23M last quarter. TTM EBITDA of $-90.79M and TTM operating income of $-111.42M show growth is flowing through to the bottom line. However, net income is negative at $113.05M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
66.8%
2Q
EBITDA Margin
-7.8%
61%
Op. Margin
-8.0%
5Q
Net Margin
-8.3%
3Q
Op. margin of -8.0% is up 13.5% YoY — cost efficiency is improving. Net margin at -8.3% and gross margin of 66.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 5 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
3.3x
2Q
P/B Ratio
4.6x
2Q
P/S of 3.3x and P/B of 4.6x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.13B
11%
Cash
$166.77M
4Q
Long-Term Debt
N/A
Book Value
$600.20M
0%
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$24.21M
248%
TTM Free Cash Flow
$84.64M
2Q
FCF Margin
10.1%
115%
FCF / Net Income
-0.7
2Q
TTM FCF of $84.64M on $24.21M in operating cash flow. The FCF / Net Income ratio of -0.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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Share Dilution

Red Flag

Shares outstanding increased 8.9% — significant dilution, likely from stock compensation or capital raises.