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Braze, Inc. BRZE Operating margin

Operating margin at other companies

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AdobeADBE
36.1%-0.3pp
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SalesforceCRM
20.4%+1.1pp
Oracle logo
OracleORCL
30.6%-0.4pp
Twilio logo
TwilioTWLO
4.6%
Klaviyo logo
KlaviyoKVYO
-3.2%-1.2pp
Zeta Global Holdings logo
Zeta Global HoldingsZETA
0.2%

Other financials

Income statement

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Revenue$211.0M+30.2%
Gross profit$138.7M+24.7%
Operating income-$27.5M+31.6%
Net income-$26.6M+25.7%
EPS (diluted)-$0.24+29.4%

Balance sheet

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Cash & equivalents$149.3M-35.7%
Total debt$81.5M-6.7%
Total equity$581.7M+22.6%
Total assets$1.1B+22.7%

Cash flow

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Operating cash flow$28.1M+16.5%
CapEx$108.0K-50.2%
Free cash flow$28.0M+17.1%

Valuation

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Market cap$2.17B-21.2%
Enterprise value$2.1B-19.7%
P/S2.8×-1.7×

Profitability

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Gross margin66.5%-3.0pp
Net margin-15.5%-1.1pp
FCF margin8.4%

Returns & leverage

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Return on equity-23.1%+0.3pp
Debt / equity0.1×0.0×
Current ratio1.2×-0.7×

Where this comes from

Calculated from Braze, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Braze, Inc.’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Braze, Inc.'s operating margin?
Braze, Inc. (BRZE) reported operating margin of -16.8% in Q1 2026.
How has Braze, Inc.'s operating margin changed year-over-year?
Braze, Inc.'s operating margin increased by 15.0% year-over-year, from -19.7% to -16.8%.
What is the long-term trend for Braze, Inc.'s operating margin?
Over 4 years (2022 to 2026), Braze, Inc.'s operating margin has grown at a -12.1% compound annual growth rate (CAGR), from -32.9% to -19.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.