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Braze Investor Presentation Deck

18 GAAP to Non-GAAP Free Cash Flow Reconciliation Net cash provided by/(used in) operating activities Less: Purchases of property and equipment Capitalized internal-use software costs Non-GAAP Free Cash Flow Non-GAAP Free Cash Flow Gross Margin FY'21 Q3 ($5,879) (250) (694) ($6,823) (17.3%) DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS FY'21 Q4 $20 (416) (212) ($608) (1.4%) FY'22 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 ($3,807) (298) (498) ($4,603) (9.6%) ($4,607) (457) (674) ($5,738) (10.3%) ($2,454) ($24,530) (355) (670) (1,200) (5.4%) (223) ($3,479) ($25,953) (36.8%) FY'23 Q1 $17,921 (1,960) (306) FY'23 Q2 20.2% ($16,321) ($23,920) (7,884) (477) $15,655 ($24,682) FY'23 Q3 (28.7%) (4,222) 78 ($28,064) (30.1%) braze

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