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Braze Results Presentation Deck

14 Reconciliation of GAAP to Non-GAAP Gross Margin Three Months Ended January 31, Twelve Months Ended January 31, Gross Profit Plus: Stock-based compensation expense Employer taxes related to stock-based compensation expense Non-GAAP Gross Profit GAAP to Non-GAAP Reconciliation DOLLARS IN THOUSANDS GAAP Gross Margin Non-GAAP Gross Margin 2023 $65,250 $45,659 896 14 $66,160 66.1% 2022 67.0% 1,654 $47,313 64.8% 67.2% 2023 $239,608 3,616 71 $243,295 67.4% 68.5% 2022 $159,524 2,185 $161,709 67.0% 67.9% Reconciliation of GAAP to Non-GAAP Operating Expenses Twelve Months Ended January 31, 2022 $127,137 2023 GAAP sales and marketing expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation expense Non-GAAP sales and marketing GAAP research and development expense Less: GAAP general and administrative expense Less: Three Months Ended January 31, 2023 2022 $52,792 $45,726 $201,684 Stock-based compensation expense Employer taxes related to stock-based compensation expense 1% Pledge charitable compensation expense Acquisition related expense Non-GAAP general and administrative Stock-based compensation expense Employer taxes related to stock-based compensation expense Non-GAAP research and development $18,962 6,253 10,400 60 23,871 603 $46,479 $35,326 $177,210 $110,856 $26,754 $22,904 $97,293 7,743 49 3,933 67 9,833 $22,224 $19,617 773 $17,451 $13,071 $68,043 7,257 28,897 353 $12,360 $88,771 15,833 319 16,281 4,260 773 $67,586 $59,034 15,613 $43,421 $51,564 13,101 $38,463 braze

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