10-Q - Braze, Inc. (0001676238) (Filer)

Fri, Jun 7, 10:01 AM (283 days ago)

Braze, Inc.'s Form 10-Q for the quarter ended April 30, 2024, highlights significant financial performance and operational metrics. The company reported a revenue increase of 33.1% year-over-year to $135.5 million, driven mainly by a 34.0% rise in subscription revenue. Despite this growth, Braze incurred a net loss of $35.7 million, a slight improvement from the $38.8 million loss in the same quarter of 2023. The company's gross margin slightly decreased to 67.1% from 67.9% due to increased infrastructure and messaging costs. Operating expenses rose by 18.0%, mainly due to higher personnel and marketing costs. Cash flow from operations was $19.4 million, down from $22.5 million in the prior year, with free cash flow at $11.4 million. Key risks include economic volatility, intense competition, and the need for continued innovation. The company remains focused on expanding its customer base, enhancing its platform, and managing operational growth.