Braze Results Presentation Deck
15
Loss from operations
Plus:
Reconciliation of GAAP to Non-GAAP Operating Loss
Stock-based compensation
expense
Employer taxes related to
stock-based compensation
expense
1% Pledge charitable contribution
expense
Acquisition related expense
Amortization of intangibles
expense
Restructuring expense
Non-GAAP Operating loss
GAAP operating margin
GAAP to Non-GAAP Reconciliation
Non-GAAP operating margin
Three Months Ended
July 31,
2023
($35,369)
24,776
608
964
678
148
644
(30.7%)
2022
(6.6%)
($35,107)
17,113
($7,551) ($17,462)
532
(40.8%)
DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS
(20.3%)
Six Months Ended
July 31,
2023
($77,266)
48,922
1,093
964
1,946
148
644
($23,549)
(35.6%)
(10.9%)
2022
($74,756)
34,084
907
4,260
($35,505)
(45.7%)
(21.7%)
Reconciliation of GAAP to Non-GAAP Net Loss
Net loss attributable to Braze, Inc.
Plus:
Stock-based compensation expense
Employer taxes related to stock-based
compensation expense
1% Pledge charitable contribution
expense
Acquisition related expense
Amortization of intangibles expense
Restructuring expense
Non-GAAP net loss attributable to
Braze, Inc.¹
Non-GAAP net loss per share
attributable to Braze, Inc. common
stockholders, basic and diluted
Weighted-average shares used to
compute net loss per share attributable
to Braze, Inc. common stockholders,
basic and diluted
Three Months Ended
July 31,
2023
($31,694)
24,776
608
964
678
148
644
($3,876)
($0.04)
97,180
2022
($32,886)
17,113
532
($15,241)
($0.16)
94,103
1 Assumes no tax impact due to the Company's net loss position and deferred tax assets.
Six Months Ended
July 31,
2023
($70,148)
48,922
1,093
964
1,946
148
644
($0.17)
2022
97,023
($72,155)
34,084
907
($16,431) ($32,904)
4,260
($0.35)
93,668
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