Braze Results Presentation Deck
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Financial Highlights:
Revenue of $70.4 million, up 64.1% YoY and 10.1% sequentially
GAAP gross margin of 64.8%, up 40 basis points YoY; non-GAAP gross margin of 67.2%, up 220 basis points YoY
Dollar-based net retention rate of 128% compared to 126% in Q3 and 123% in the prior year quarter
GAAP operating loss of $42.6 million compared to a loss of $10.5 million in the prior year quarter; non-GAAP operating loss of $13.4 million compared to $8.0
million in the prior year quarter
Customer and Strategic Highlights:
Customer count increased to 1,375 as of January 31, 2022
New business wins and upsells included Canva, Course Hero, ESL Gaming, Shake Shack, and Flip
Continued global expansion with planned presence in Canada and France, which will bring total locations to 10 globally
Continued to acquire talent, adding over 400 employees in fiscal 2022, bringing the total team to over 1,100
Launched Braze for Commerce, a series of new product enhancements for eCommerce marketers to increase sales, leveraging first party data
Launched call for Tech for Black Founders grants
Q4'22 Results Highlights
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GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.55, compared to a loss of $0.55 in the prior year quarter; non-GAAP net
loss per basic and diluted shares attributable to Braze stockholders was $0.18 compared to a loss of $0.42 in the prior year quarter
Net cash used in operating activities was $(24.5) million compared to $0.0 million in the prior year quarter
Free cash flow was $(26.0) million compared to $(0.6) million in the prior year quarter
See Appendix for GAAP to non-GAAP reconciliation
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