Braze Results Presentation Deck
14
Reconciliation of GAAP to Non-GAAP Gross Margin
Gross Profit
Plus: Stock-based
compensation expense
Non-GAAP Gross Profit
GAAP to Non-GAAP Reconciliation
DOLLARS IN THOUSANDS
GAAP Gross Margin
Non-GAAP Gross Margin
Three Months Ended
January 31,
2022
$45,659
1,654
64.8%
2021
67.2%
$27,651
$47,313 $27,896
245
64.4%
65.0%
Twelve Months Ended
January 31,
2022
$159,524
2,185
$161,709
67.0%
67.9%
2021
$95,680
650
$96,330
63.7%
64.1%
Reconciliation of GAAP to Non-GAAP Operating Expenses
GAAP sales and marketing expense
Less: ock-based compensation
expense
Non-GAAP sales and marketing
expense
GAAP research and development
expense
Less: Stock-based compensation
expense
Non-GAAP research and
development expense
GAAP general and administrative
expense
Less: Stock-based compensation
expense
Non-GAAP general and
administrative expense
Three Months Ended
January 31,
2022
$45,726
10,400
9,833
$35,326 $19,534
2021
$22,904 $9,043
$19,617
$20,463
7,257
929
$12,360
$13,071 $8,225
818
$8,663
546
$8,117
Twelve Months Ended
January 31,
2022
$127,137
16,281
$110,856
$59,034
15,613
2021
$70,661
2,892
13,101
$67,769
$29,212
2,102
$43,421 $27,110
$51,564 $27,959
1,896
$38,463 $26,063
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