Is the business good?
How good a business is BRZE?
Braze, Inc. earns −24% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−24%
Return on invested capital · cost of capital 9.0% · 33 points below what the capital costs: growth destroys value
- Operating margin
- −17%
Operating margin · Software - Application median 8.2% · 12 months to Q1 2027
- Share count, year on year
- +5.9%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 22%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −21% |
| FY2022 | −33% |
| FY2023 | −42% |
| FY2024 | −31% |
| FY2025 | −21% |
| FY2026 | −20% |
Details›
- Gross margin12 months to Q1 2027
- 66%
- Operating margin12 months to Q1 2027
- −17%
- Net margin12 months to Q1 2027
- −16%
- Free cash flow margin
- 8.4%
- R&D as % of revenue
- 22%
- Revenue, trailing twelve months
- $787M
- Free cash flow, trailing twelve months
- $66M
- Net income, trailing twelve months
- −$122M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −24%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #77 of 90 by Smart Score