BRZE Stock Analysis: Braze | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 2.695m USD | 12M Return: -22.5% | US10576N1028 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 86.0M
Qual. Beats: 1
Rev. Trend: 99.9%
Qual. Beats: 13
Warnings
Tailwinds
Seasonality 4.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Braze (NASDAQ: BRZE) operates a cloud-based customer engagement platform that enables brands to manage and deliver personalized marketing interactions across mobile, web, email, and in-app channels. Its offerings span data ingestion tools (SDKs, REST APIs, and cloud data connections), audience segmentation and predictive analytics, orchestration capabilities like the Canvas workflow tool, and a growing suite of AI-powered features such as the Liquid assistant, AI copywriter, and agent console for decisioning.
The company follows a software-as-a-service (SaaS) business model within the marketing technology sector, serving global consumer brands and monetizing through platform subscriptions rather than transactional usage fees. Headquartered in New York, Braze was founded in 2011 as Appboy before rebranding in 2017, and completed its IPO on NASDAQ in November 2021.
- International revenue expansion accelerates as EMEA customer base scales
- AI-driven personalization tools intensify competition with Klaviyo and Adobe
- Net retention rate softening pressures valuation multiple and margin path
| Net Income: -113.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.53 > 1.0 |
| NWC/Revenue: 14.33% < 20% (prev 19.99%; Δ -5.65% < -1%) |
| CFO/TA 0.08 > 3% & CFO 92.7m > Net Income -113.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.3m) vs 12m ago 4.16% < -2% |
| Gross Margin: 66.30% > 18% (prev 68.79%; Δ -2.49% > 0.5%) |
| Asset Turnover: 77.46% > 50% (prev 64.02%; Δ 13.44% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.11 (Total Current Assets 570.0m - Total Current Liabilities 450.4m) / Total Assets 1.13b |
| B: -0.67 (Retained Earnings -763.6m / Total Assets 1.13b) |
| C: -0.10 (EBIT TTM -111.4m / Avg Total Assets 1.08b) |
| D: 1.13 (Book Value of Equity 600.2m / Total Liabilities 529.1m) |
| Altman-Z'' = -1.01 = CCC |
| DSRI: 0.94 (Receivables 112.5m/93.5m, Revenue 834.2m/654.6m) |
| GMI: 1.04 (GM 68.79% / 66.30%) |
| AQI: 0.92 (AQ_t 0.38 / AQ_t-1 0.42) |
| SGI: 1.27 (Revenue 834.2m / 654.6m) |
| TATA: -0.18 (NI -113.0m - CFO 92.7m) / TA 1.13b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of September 17, 2026, the stock is trading at USD 23.94 with a total of 3,504,006 shares traded. Over the past week, the price has changed by -28.00%, over one month by -15.17%, over three months by +10.53% and over the past year by -22.47%.
Current recommended Stop Loss: 20.30 (which is 15.2% or 1.9 ATR below the current price).
Braze has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy BRZE.
- StrongBuy: 11
- Buy: 8
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.8 | 53.7% |
P/E Forward = 47.3934
P/S = 3.2302
P/B = 5.6935
P/EG = 1.5802
Revenue TTM = 834.2m USD
EBIT TTM = -111.4m USD
EBITDA TTM = -86.9m USD
Long Term Debt = 73.5m USD (estimated: total debt 96.4m - short term 22.9m)
Short Term Debt = 22.9m USD (from shortTermDebt, last quarter)
Debt = 96.4m USD (from shortLongTermDebtTotal, last quarter) (leases 96.4m already included)
Net Debt = -313.5m USD (calculated: Debt 96.4m - CCE 409.9m)
Enterprise Value = 2.38b USD (2.69b + Debt 96.4m - CCE 409.9m)
Interest Coverage Ratio = unknown (Ebit TTM -111.4m / Interest Expense TTM 0.0)
EV/FCF = 28.49x (Enterprise Value 2.38b / FCF TTM 83.6m)
FCF Yield = 3.51% (FCF TTM 83.6m / Enterprise Value 2.38b)
FCF Margin = 10.02% (FCF TTM 83.6m / Revenue TTM 834.2m)
Net Margin = -13.55% (Net Income TTM -113.0m / Revenue TTM 834.2m)
Gross Margin = 66.30% ((Revenue TTM 834.2m - Cost of Revenue TTM 281.2m) / Revenue TTM)
Gross Margin QoQ = 66.83% (prev 65.72%)
Tobins Q-Ratio = 2.10 (Enterprise Value 2.38b / Total Assets 1.13b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 96.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -88.0m (EBIT -111.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.27 (Total Current Assets 570.0m / Total Current Liabilities 450.4m)
Debt / Equity = 0.16 (Debt 96.4m / totalStockholderEquity, last quarter 600.2m)
Debt / EBITDA = 3.61 (negative EBITDA) (Net Debt -313.5m / EBITDA -86.9m)
Debt / FCF = -3.75 (Net Debt -313.5m / FCF TTM 83.6m)
Total Stockholder Equity = 601.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -10.50% (Net Income -113.0m / Total Assets 1.13b)
RoE = -18.78% (Net Income TTM -113.0m / Total Stockholder Equity 601.9m)
RoCE = -16.50% (EBIT -111.4m / Capital Employed (Equity 601.9m + L.T.Debt 73.5m))
RoIC = -13.29% (negative operating profit) (NOPAT -88.0m / Invested Capital 662.2m)
WACC = 9.45% (E(2.69b)/V(2.79b) * Re(9.79%) + D(96.4m)/V(2.79b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.91 | Cagr: 4.49%
[DCF] Terminal Value 74.49% ; FCFF base≈61.8m ; Y1≈70.9m ; Y5≈104.3m
[DCF] Fair Price = 14.34 (EV 1.31b - Net Debt -313.5m = Equity 1.63b / Shares 113.6m; r=9.45% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.23 | # QB: 1
Revenue Correlation: 99.89 | Revenue CAGR: 25.23% | SUE: 3.95 | # QB: 13
EPS current Quarter (2026-10-31): EPS=0.14 | Chg30d=-12.90% | Revisions=-5% | Analysts=14
EPS current Year (2027-01-31): EPS=0.64 | Chg30d=+0.71% | Revisions=+0% | GrowthEPS=+67.8% | GrowthRev=+22.6%
EPS next Year (2028-01-31): EPS=0.98 | Chg30d=+0.91% | Revisions=+0% | GrowthEPS=+53.4% | GrowthRev=+16.7%
[Analyst] Revisions Ratio: -4% (up=10, down=11)