Braze Inc. (BRZE) Financial Statements (2024 and earlier)

Company Profile

Business Address 63 MADISON BUILDING
NEW YORK, NY 10016
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

4/30/2024
MRQ
1/31/2024
10/31/2023
MRQ
1/31/2023
1/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68,22860,47068,587514,093
Cash and cash equivalents68,22860,47068,587478,937
Short-term investments    35,156
Restricted cash and investments3,3733,373  
Receivables95,68274,37880,35166,704
Prepaid expense2,7991,3594,1175,504
Other current assets4,5993,6325,0654,688
Other undisclosed current assets426,440423,540425,05117,196
Total current assets:601,121566,752583,171608,185
Noncurrent Assets
Operating lease, right-of-use asset81,16384,17946,261 
Property, plant and equipment29,35822,85320,3397,393
Intangible assets, net (including goodwill)32,13832,019  
Goodwill28,44828,112  
Intangible assets, net (excluding goodwill)3,6903,907  
Capitalized contract cost, net63,66159,25148,45141,689
Restricted cash and investments5305304,0364,036
Other noncurrent assets2,9703,3313,1484,959
Total noncurrent assets:209,820202,163122,23558,077
TOTAL ASSETS:810,941768,915705,406666,262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,58134,62530,41031,789
Taxes payable1,300
Employee-related liabilities14,075
Accounts payable6,3215,9473,1012,083
Accrued liabilities44,26028,67827,30914,331
Deferred revenue204,269178,564166,092126,260
Other undisclosed current liabilities34,58935,15020,8011,917
Total current liabilities:289,439248,339217,303159,966
Noncurrent Liabilities
Liabilities, other than long-term debt77,07781,84541,3451,478
Other liabilities2,0504,8787551,478
Operating lease, liability75,02776,96740,590 
Total noncurrent liabilities:77,07781,84541,3451,478
Total liabilities:366,516330,184258,648161,444
Temporary equity, carrying amount1924931,4553,235
Equity
Equity, attributable to parent, including:444,233438,238445,303501,583
Additional paid in capital928,494898,229806,044717,175
Accumulated other comprehensive loss(1,178)(5,185)(6,824)(640)
Accumulated deficit(483,093)(454,816)(353,927)(214,961)
Other undisclosed equity, attributable to parent1010109
Total equity:444,233438,238445,303501,583
TOTAL LIABILITIES AND EQUITY:810,941768,915705,406666,262

Income Statement (P&L) ($ in thousands)

4/30/2024
TTM
1/31/2024
10/31/2023
TTM
1/31/2023
1/31/2022
Revenues471,800528,668355,426238,035
Cost of revenue(147,527)(166,617)(115,818)(78,511)
Gross profit:324,273362,051239,608159,524
Operating expenses(468,965)(586,967)(387,748)(237,735)
Operating loss:(144,692)(224,916)(148,140)(78,211)
Nonoperating income (expense)16,22020,3267,977(121)
Investment income, nonoperating  (104) 137
Other nonoperating income (expense)16,22020,4307,977(258)
Loss from continuing operations before income taxes:(128,472)(204,590)(140,163)(78,332)
Income tax expense (benefit)(1,957)(3,183)(583)165
Loss from continuing operations:(130,429)(207,773)(140,746)(78,167)
Loss before gain (loss) on sale of properties:(78,167)
Net loss:(130,429)(207,773)(140,746)(78,167)
Net income attributable to noncontrolling interest1,2631,7021,7801,448
Net loss available to common stockholders, diluted:(129,166)(206,071)(138,966)(76,719)

Comprehensive Income ($ in thousands)

4/30/2024
TTM
1/31/2024
10/31/2023
TTM
1/31/2023
1/31/2022
Net loss:(130,429)(207,773)(140,746)(78,167)
Net income attributable to redeemable noncontrolling interest
Other comprehensive income (loss)5,646(4,293)(6,184)(598)
Comprehensive loss:(124,783)(212,066)(146,930)(78,765)
Comprehensive income, net of tax, attributable to noncontrolling interest1,2631,7021,7801,448
Comprehensive loss, net of tax, attributable to parent:(123,520)(210,364)(145,150)(77,317)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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