Braze Results Presentation Deck
Reconciliation of GAAP to Non-GAAP Gross Margin
Gross Profit
Plus: Stock-based
compensation expense
Non-GAAP Gross Profit
GAAP to Non-GAAP Reconciliation
DOLLARS IN THOUSANDS
GAAP Gross Margin
Non-GAAP Gross Margin
Three Months Ended
October 31,
2021
$44,794
164
$44,958
70.0%
70.3%
2020
$24,901
205
$25,106
63.3%
63.8%
Nine Months Ended
October 31,
2021
$113,865
531
$114,396
67.9%
68.3%
2020
$68,029
405
$68,434
63.4%
63.8%
Reconciliation of GAAP to Non-GAAP Operating Expenses
GAAP sales and marketing
Less: Stock-based compensation
expense
Non-GAAP sales and marketing
GAAP research and development
Less: Stock-based compensation
expense
Non-GAAP research and
development
GAAP general and administrative
Less: Stock-based compensation
expense
Non-GAAP general and
administrative
Three Months Ended
October 31,
2021
$29,568
1,586
$12,738
1,622
2020
$19,137
$27,982 $18,229
$12,936
2,058
908
$7,410
627
$11,116 $6,783
$7,142
535
$10,878 $6,607
Nine Months Ended
October 31,
2021
$81,411
5,881
$75,530
$36,130
5,780
2020
$31,947
5,844
$50,198
1,963
$48,235
$20,169
1,284
$30,350 $18,885
$19,296
1,350
$26,103 $17,946
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