Last 21 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -18.62 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.32 | 4.02 | 4.13 | 5.02 | 7.38 | 5.28 | 7.68 | 7.79 | 10.17 | 8.41 | 9.59 | 6.96 | 7.70 |
| — | -23.9% | -46.2% | -35.6% | -27.5% | -37.1% | -20.0% | +12.0% | +32.1% | +11.9% | -19.5% | -43.0% | -53.5% | |
| P/B Ratio | 4.09 | 5.09 | 4.97 | 6.86 | 9.97 | 7.02 | 9.85 | 9.68 | 11.99 | 9.50 | 10.02 | 6.49 | 6.80 |
| — | -27.5% | -49.6% | -29.1% | -16.8% | -26.1% | -1.6% | +49.1% | +76.2% | +54.3% | +15.3% | -16.3% | -26.4% | |
| P/FCF | 8.06 | 40.31 | 137.86 | 35.58 | 77.81 | — | 154.47 | 92.28 | — | — | — | 32.70 | — |
| — | — | -10.8% | -61.4% | — | — | — | +182.2% | — | — | — | -45.9% | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Braze, Inc.'s operating margin was -19.7% in Q3 2026, up 1.8 pp QoQ and up 1.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin contracted 3.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.1% | 67.2% | 67.7% | 68.6% | 69.3% | 69.8% | 70.2% | 67.1% | 67.2% | 70.7% | 69.2% | 67.9% | 66.1% |
| — | -3.8% | -3.5% | +2.2% | +3.1% | -1.2% | +1.4% | -1.1% | +1.6% | +2.8% | +1.4% | +2.0% | +2.0% | |
| Operating Margin | -20.6% | -19.7% | -21.5% | -24.8% | -13.4% | -21.4% | -19.2% | -29.6% | -23.6% | -28.3% | -30.7% | -41.2% | -37.0% |
| — | +8.2% | -12.0% | +16.1% | +43.1% | +24.4% | +37.5% | +28.1% | +36.2% | +28.4% | +24.6% | +19.5% | +38.8% | |
| Net Margin | -17.5% | -18.8% | -15.5% | -22.1% | -10.7% | -18.4% | -15.8% | -26.3% | -21.6% | -24.8% | -27.5% | -38.1% | -34.3% |
| — | -2.2% | +2.0% | +16.1% | +50.4% | +26.0% | +42.6% | +31.0% | +37.0% | +31.9% | +29.0% | +25.4% | +44.3% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.6% | -6.0% | -5.2% | -7.5% | -3.7% | -6.1% | -5.2% | -8.1% | -6.4% | -7.0% | -7.2% | -8.8% | -7.5% |
| — | +2.7% | -0.6% | +6.8% | +42.4% | +12.4% | +28.5% | +8.0% | +14.7% | +4.4% | -3.8% | -10.1% | +66.2% | |
| ROA | -12.3% | -3.5% | -2.9% | -4.1% | -2.0% | -3.3% | -2.8% | -4.4% | -3.6% | -4.1% | -4.4% | -5.4% | -4.9% |
| — | -3.6% | -4.2% | +7.2% | +43.9% | +18.3% | +35.8% | +19.5% | +26.8% | +16.6% | +7.4% | +5.1% | +52.0% | |
| ROIC | -19.4% | -4.7% | -6.2% | -7.5% | -3.3% | -5.1% | -4.6% | -6.6% | -5.0% | -6.0% | -6.7% | -7.8% | -6.2% |
| — | +8.0% | -35.0% | -12.7% | +32.8% | +13.8% | +31.5% | +15.7% | +19.2% | +2.2% | -15.4% | +36.7% | +95.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 31.7% YoY to 1.36x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.14 | 0.14 | 0.18 | 0.18 | 0.20 | 0.19 | 0.20 | 0.20 | 0.21 | 0.12 | 0.12 | 0.11 |
| — | -30.7% | -27.3% | -8.3% | -9.7% | -3.1% | +65.7% | +66.9% | +77.6% | +82.4% | +0.5% | +2.1% | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.98 | 1.36 | 1.37 | 1.92 | 1.98 | 1.99 | 2.03 | 1.96 | 2.08 | 2.28 | 2.31 | 2.44 | 2.68 |
| — | -31.7% | -32.7% | -2.2% | -4.4% | -12.8% | -11.9% | -19.7% | -22.6% | -25.5% | -26.7% | -26.2% | -29.4% | |
| Quick Ratio | 1.98 | 1.36 | 1.37 | 1.92 | 1.98 | 1.99 | 2.03 | 1.96 | 2.08 | 2.27 | 2.30 | 2.43 | 2.68 |
| — | -31.7% | -32.7% | -2.2% | -4.4% | -12.3% | -11.4% | -19.3% | -22.6% | -23.2% | -24.1% | -24.3% | -26.4% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
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Start ComparisonBraze, Inc.'s current P/E is -18.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Braze, Inc.'s current operating margin is -20.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Braze, Inc.'s business trajectory between earnings reports.