Braze, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Amortization of deferred contract costs $5.8m $10.6m $17.7m $23.6m $29.8m $35.0m $41.3m
Depreciation and amortization $645k $1.6m $2.8m $4.6m $7.0m $10.1m $19.3m
Net loss (including amounts attributable to redeemable non-controlling interests) ($31.8m) ($32.0m) ($78.2m) ($140.7m) ($130.4m) ($104.0m) ($130.8m)
Stock-based compensation $12.4m $7.5m $47.2m $72.2m $97.2m $115.1m $143.7m
Provision for credit losses $580k $853k $88k $807k $2.0m $2.3m $666k
Value of common stock donated to charity $0 $0 $4.3m $3.8m $3.8m $3.2m
Accretion of discount on marketable securities $345k $369k $1.3m ($2.1m) ($2.1m) ($951k)
Non-cash foreign exchange (gain) loss $212k $222k $387k $1.6m $460k ($1.0m) ($73k)
Fair value adjustments to contingent consideration $0 $0 ($1.6m) ($223k) $0
Fixed asset write offs $34k $146k $488k $80k
Other $60k ($80k) $495k ($349k) ($152k) ($144k)
Accounts receivable ($12.6m) ($12.4m) ($29.8m) ($14.7m) ($14.0m) ($5.4m) ($22.7m)
Prepaid expenses and other current assets ($3.0m) ($833k) ($17.5m) $3.6m ($3.4m) ($6.6m) $3.6m
Deferred contract costs ($14.6m) ($20.0m) ($32.0m) ($30.5m) ($45.1m) ($48.2m) ($65.2m)
ROU assets and liabilities $0 $0 $3.4m $4.3m $1.9m ($1.1m)
Other assets $25k $643k ($4.7m) $1.7m $229k ($29k) ($1.9m)
Accounts payable ($2.6m) ($776k) $1.6m $906k $3.4m ($3.9m) ($601k)
Accrued expenses and other current liabilities $8.2m $13.8m $6.0m $5.1m $21.0m $3.7m $26.2m
Deferred revenue $28.5m $23.4m $51.5m $39.9m $34.1m $35.9m $57.1m
Other long-term liabilities $1.2m $777k ($756k) $10k $571k ($66k) ($229k)
Cash paid for acquisition, net of cash acquired $0 $0 ($16.3m) $0 ($181.9m)
Purchases of property and equipment ($1.7m) ($2.5m) ($2.3m) ($15.4m) ($9.8m) ($13.2m) ($9.6m)
Capitalized internal-use software costs ($830k) ($1.9m) ($2.1m) ($1.3m) ($3.6m) ($3.8m) ($3.8m)
Purchases of marketable securities ($123.1m) ($59.4m) ($36.9m) ($638.2m) ($248.1m) ($218.0m) ($151.6m)
Maturities of marketable securities $38.5m $86.2m $59.3m $256.4m $257.7m $195.4m $175.2m
Return of principal on marketable securities $0 $0 $3.2m $120.7m
Proceeds from stock associated with employee stock purchase plan ($5.2m) $0 $0 $7.7m $7.1m
Payments of deferred purchase consideration $0 ($165k) ($2.9m) $0
Stock-based compensation capitalized to internal-use software $38k $126k $387k $1.1m $2.2m $2.3m $2.1m
Unrealized net gain on marketable investment securities $87k ($50k) ($64k) ($5.6m) $5.4m $1.1m $483k
Net change to property and equipment (included in accounts payable / accrued liabilities) $57k ($15k) ($23k) $75k $208k $173k ($259k)
Asset retirement obligation $0 $0 $374k $62k $34k $38k
Contingent consideration, acquisition $0 $0 ($1.8m) $0 $0
Indemnity escrows, acquisition $0 $0 ($3.1m) $0 ($3.1m)
Net cash provided by operating activities ($7.4m) ($6.1m) ($35.4m) ($22.3m) $6.8m $36.7m $71.4m
Net cash used in investing activities ($87.2m) $22.5m $18.0m ($398.5m) ($20.0m) ($36.5m) ($50.9m)
Proceeds from exercise of common stock options $1.3m $2.8m $8.4m $11.3m $7.3m $6.9m $15.9m
Common stock issuance, acquisition $0 $0 ($6.1m) $0 ($107.6m)
Net cash provided by financing activities $1.3m $4.9m $467.9m $11.3m $13.1m $11.7m $23.0m
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash $15k $158k ($597k) ($855k) ($475k) ($444k) $1.3m
Net change in cash, cash equivalents, and restricted cash ($93.3m) $21.4m $450.0m ($410.4m) ($492k) $11.5m $44.7m
Cash, cash equivalents, and restricted cash, beginning of period $11.6m $33.0m $483.0m $72.6m $72.1m $83.6m $128.3m
Cash paid for income taxes, net of refunds $176k $472k $299k $365k $309k $2.9m $3.9m