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Braze Valuation Multiples

Discover revenue and EBITDA valuation multiples for Braze and similar public comparables like Freshworks, SEMrush, SoundHound, ZoomInfo and more.

Braze Overview

About Braze

Braze Inc is a customer engagement platform that powers customer-centric interactions between consumers and brands. The company provides solutions for Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality related industries. The company offers a single, vertically integrated platform that encompasses the various functionalities, or layers, required for modern customer engagement: data ingestion, classification, orchestration, personalization, and action, all of which is supported by Sage AI by Braze, its AI engine designed to power AI functionality across all layers of this stack. It generates majority of its revenue from the United States.


Founded

2011

HQ

United States

Employees

1.7K

Website

braze.com

Financials (LTM)

Revenue: $768M
EBITDA: $51M

EV

$2B

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Braze Financials

Braze reported last 12-month revenue of $768M and EBITDA of $51M.

In the same LTM period, Braze generated $526M in gross profit, $51M in EBITDA, and $48M in net income.

Revenue (LTM)


Braze P&L

In the most recent fiscal year, Braze reported revenue of $738M and EBITDA of $43M.

Braze expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Braze forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$768MXXX$738MXXXXXXXXX
Gross Profit$526MXXX$496MXXXXXXXXX
Gross Margin68%XXX67%XXXXXXXXX
EBITDA$51MXXX$43MXXXXXXXXX
EBITDA Margin7%XXX6%XXXXXXXXX
EBIT Margin5%XXX4%XXXXXXXXX
Net Profit$48MXXX$42MXXXXXXXXX
Net Margin6%XXX6%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Braze Stock Performance

Braze has current market cap of $2B, and enterprise value of $2B.

Market Cap Evolution


Braze's stock price is $20.61.

See Braze trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$2B8.6%XXXXXXXXX$0.37

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Braze Valuation Multiples

Braze trades at 2.6x EV/Revenue multiple, and 39.3x EV/EBITDA.

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EV / Revenue (LTM)


Braze Financial Valuation Multiples

As of April 14, 2026, Braze has market cap of $2B and EV of $2B.

Equity research analysts estimate Braze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Braze has a P/E ratio of 48.8x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$2BXXX$2BXXXXXXXXX
EV (current)$2BXXX$2BXXXXXXXXX
EV/Revenue2.6xXXX2.7xXXXXXXXXX
EV/EBITDA39.3xXXX46.3xXXXXXXXXX
EV/EBIT54.2xXXX70.6xXXXXXXXXX
EV/Gross Profit3.8xXXX4.1xXXXXXXXXX
P/E48.8xXXX55.8xXXXXXXXXX
EV/FCF31.6xXXX34.6xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Braze Valuation Multiples

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Braze Margins & Growth Rates

Braze's revenue in the last 12 month grew by 19%.

Braze's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.4M for the same period.

Braze's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Braze's rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Braze Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth19%XXX20%XXXXXXXXX
EBITDA Margin7%XXX6%XXXXXXXXX
EBITDA Growth79%XXX89%XXXXXXXXX
Rule of 40—XXX28%XXXXXXXXX
Bessemer Rule of X—XXX59%XXXXXXXXX
Revenue per Employee—XXX$0.4MXXXXXXXXX
Opex per Employee—XXX$0.4MXXXXXXXXX
S&M Expenses to Revenue37%XXX44%XXXXXXXXX
G&A Expenses to Revenue12%XXX20%XXXXXXXXX
R&D Expenses to Revenue15%XXX23%XXXXXXXXX
Opex to Revenue—XXX87%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Braze Public Comps

See public comps and valuation multiples for other Sales & Marketing Automation Software comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
BrazeXXXXXXXXXXXXXXXXXX
FreshworksXXXXXXXXXXXXXXXXXX
SEMrushXXXXXXXXXXXXXXXXXX
SoundHoundXXXXXXXXXXXXXXXXXX
ZoomInfoXXXXXXXXXXXXXXXXXX
SprinklrXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Braze M&A Activity

Braze acquired XXX companies to date.

Last acquisition by Braze was on XXXXXXXX, XXXXX. Braze acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Braze

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Braze Investment Activity

Braze invested in XXX companies to date.

Braze made its latest investment on XXXXXXXX, XXXXX. Braze invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Braze

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Braze

When was Braze founded?Braze was founded in 2011.
Where is Braze headquartered?Braze is headquartered in United States.
How many employees does Braze have?As of today, Braze has over 1K employees.
Who is the CEO of Braze?Braze's CEO is William Magnuson.
Is Braze publicly listed?Yes, Braze is a public company listed on Nasdaq.
What is the stock symbol of Braze?Braze trades under BRZE ticker.
When did Braze go public?Braze went public in 2021.
Who are competitors of Braze?Braze main competitors are Freshworks, SEMrush, SoundHound, ZoomInfo.
What is the current market cap of Braze?Braze's current market cap is $2B.
What is the current revenue of Braze?Braze's last 12 months revenue is $768M.
What is the current revenue growth of Braze?Braze revenue growth (NTM/LTM) is 19%.
What is the current EV/Revenue multiple of Braze?Current revenue multiple of Braze is 2.6x.
Is Braze profitable?Yes, Braze is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Braze?Braze's last 12 months EBITDA is $51M.
What is Braze's EBITDA margin?Braze's last 12 months EBITDA margin is 7%.
What is the current EV/EBITDA multiple of Braze?Current EBITDA multiple of Braze is 39.3x.
What is the current FCF of Braze?Braze's last 12 months FCF is $64M.
What is Braze's FCF margin?Braze's last 12 months FCF margin is 8%.
What is the current EV/FCF multiple of Braze?Current FCF multiple of Braze is 31.6x.

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