6 years of historical data (2020–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Braze, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 8.1x P/FCF, 96% below the 5-year average of 200.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $189M | $4.7B | $5.3B | $3.0B | $4.7B | — | — |
| Enterprise Value | $193M | $4.7B | $5.3B | $3.0B | $4.2B | — | — |
| P/E Ratio → | -18.62 | — | — | — | — | — | — |
| P/S Ratio | 0.32 | 7.92 | 11.24 | 8.51 | 19.54 | — | — |
| P/B Ratio | 4.09 | 9.90 | 11.93 | 6.77 | 9.21 | — | — |
| P/FCF | 8.06 | 200.40 | — | — | — | — | — |
| P/OCF | 5.15 | 128.10 | 774.03 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.93 | 11.29 | 8.47 | 17.52 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 200.59 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Braze, Inc. earns an operating margin of -20.6%. Operating margins have expanded from -41.7% to -20.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -22.6% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 69.1% | 69.1% | 68.7% | 67.4% | 67.0% | 63.7% | 63.0% |
| Operating Margin | -20.6% | -20.6% | -30.7% | -41.7% | -32.9% | -21.4% | -34.8% |
| Net Profit Margin | -17.5% | -17.5% | -27.4% | -39.6% | -32.8% | -21.3% | -33.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -22.6% | -22.6% | -29.0% | -29.6% | -39.2% | — | — |
| ROA | -12.3% | -12.3% | -17.0% | -20.5% | -18.7% | -19.7% | -20.8% |
| ROIC | -19.4% | -19.4% | -24.2% | -48.8% | -226.6% | — | — |
| ROCE | -22.9% | -22.9% | -28.7% | -29.8% | -27.1% | -40.4% | -37.8% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $4M ($87M total debt minus $83M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.20 | 0.11 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.01 | 0.05 | -0.04 | -0.95 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.19 | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -211.95 | -93.19 | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.98x means Braze, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.68x to 1.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.98 | 1.98 | 2.08 | 2.68 | 3.80 | 1.32 | 1.98 |
| Quick Ratio | 1.98 | 1.98 | 2.08 | 2.68 | 3.65 | 1.32 | 1.98 |
| Cash Ratio | 1.58 | 1.58 | 1.64 | 2.20 | 3.21 | 0.86 | 1.43 |
| Asset Turnover | — | 0.68 | 0.58 | 0.50 | 0.36 | 0.88 | 0.63 |
| Inventory Turnover | 3.15 | — | — | — | 3.15 | — | — |
| Days Sales Outstanding | — | 62.72 | 75.27 | 80.45 | 98.91 | 84.50 | 88.14 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Braze, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | 12.4% | 0.5% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $102M | $98M | $95M | $93M | $92M | $17M |
Compare BRZE with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BRZEYou | $189M | -18.6 | — | 8.1 | 69.1% | -20.6% | -22.6% | -19.4% | — |
| CRM | $187B | 25.0 | 20.9 | 13.0 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
| HUBS | $14B | 307.6 | 1787.8 | 19.5 | 83.8% | 0.2% | 4.7% | 0.3% | 35.5 |
| PEGA | $7B | 20.5 | 27.8 | 14.8 | 75.9% | 15.1% | 57.3% | 27.5% | 0.2 |
| FRSH | $2B | -24.4 | — | 16.3 | 84.3% | -19.2% | -8.6% | -17.8% | — |
| CXM | $1B | 13.2 | 31.3 | 19.9 | 72.1% | 3.0% | 18.8% | 3.4% | 1.1 |
| HTCR | $6M | -3.8 | 9.7 | — | 58.6% | 0.2% | -26.6% | 0.6% | 4.6 |
| IFBD | $5M | -0.9 | — | — | 41.2% | -120.6% | -3.4% | -2.2% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 6 years · Updated daily
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View ValuationSee how BRZE stacks up against sector leader Salesforce, Inc..
Start ComparisonBraze, Inc.'s current P/E ratio is -18.6x. This places it at the 50th percentile of its historical range.
Braze, Inc.'s return on equity (ROE) is -22.6%. The historical average is -30.1%.
Based on historical data, Braze, Inc. is trading at a P/E of -18.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Braze, Inc. has 69.1% gross margin and -20.6% operating margin.