Braze Results Presentation Deck
Financial Highlights:
Revenue of $93.1 million, up 45.6% YoY and 8.1% sequentially
GAAP gross margin of 68.7%, down 130 basis points YoY; non-GAAP gross margin of 69.7%, down 60 basis points YoY
Dollar-based net retention rate of 126%, in-line with Q2 and the prior year quarter
GAAP operating loss of $36.9 million compared to a loss of $10.5 million in the prior year quarter; non-GAAP operating loss of $17.3 million
compared to a loss of $5.0 million in the prior year quarter
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Q3'23 Results Highlights
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GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.35, compared to a loss of $0.42 in the prior year quarter;
non-GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.15 compared to a loss of $0.16 in the prior year
quarter
Net cash used in operating activities was $23.9 million compared to net cash used in operating activities of $2.5 million in the prior year quarter
Free cash flow was ($28.1) million compared to ($3.5) million in the prior year quarter
Customer and Strategic Highlights:
Customer count increased to 1,715 as of October 31, 2022
New business wins and upsells included FanDuel, Panera, and Vizio
Announced new product enhancements, including Cloud Data Ingestion, TikTok Audience Sync early access, and native channel support for
WhatsApp available in 2023
Continued to acquire talent, adding roughly 130 employees in the fiscal quarter, bringing the total team to nearly 1,500
See Appendix for GAAP to non-GAAP reconciliation
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