Braze, Inc. (BRZE) Stock

Braze, Inc. (BRZE) is a Technology stock trading at $30.69 (as of 2026-08-20), with a market capitalization of $3.46B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Braze provides a customer engagement platform for brand marketers to communicate with consumers across digital channels. Its offerings include data ingestion tools (such as a developer kit for automating ingestion and messaging, a REST interface for data and workflow exchange, and partner cohort syncing) and classification capabilities like segmentation and related analytics to support targeted engagement.

Understand Braze, Inc.: how it makes money

Braze provides a customer engagement platform for brands, selling subscription software that helps ingest data and deliver mobile and web notifications, in-app and in-browser messages, and other content experiences through APIs, SDKs, and workflows.

Braze is primarily a subscription software business, so its profit engine is converting a recurring revenue base (tracking through Committed Annual Recurring Revenue and subscription revenue) into operating leverage, with operating margin currently negative despite high gross margin.

Revenue by segment (latest quarter)
Subscr.$0.2B
Services+Other$0.0B

Business quality (Weak): Strong gross margin for a software platform, but the company is not yet translating that into operating profitability (operating margin is negative).

Bull case

  • Recurring revenue focus: The company highlights Committed Annual Recurring Revenue (0.6 USD_B), which supports a subscription-driven profit engine.
  • Software gross margin strength: Gross margin is 65.7%, consistent with a platform software cost structure.

Bear case

  • Operating profitability is currently negative: Operating margin is -13.0%, indicating costs are outweighing gross profit in the latest period.
  • Revenue mix beyond subscriptions appears smaller: Professional Services and Other Revenue is 0.02 USD_B, while the remaining revenue is tied to subscriptions and the core platform.
Valuation — source: SEC EDGAR (first-party)
Price$30.69
Market Cap$3.46B
Price / Book5.94
Price / Sales4.39
FCF Yield1.9%
DCF Value (model)$0.58
DCF Upside vs Price-98.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$738.18M
Net Margin-17.8%
Revenue Growth (YoY)30.2%
EPS Growth (YoY)-29.4%
FCF Growth (YoY)17.1%
Financial Health — source: SEC EDGAR
Altman Z-Score3.75 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($337.79M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOWilliam Magnuson
Employees1,699
CountryUS
IPO Date2021-11-17

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BRZE earnings history · BRZE institutional & insider holders · BRZE KPIs & operating metrics · BRZE financials · BRZE investor presentations & press releases · BRZE SEC filings · BRZE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.