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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.
2011
1.7K+
LTM Revenue $613M
LTM EBITDA $14.2M
$2.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Braze has a last 12-month revenue of $613M and a last 12-month EBITDA of $14.2M.
In the most recent fiscal year, Braze achieved revenue of $593M and an EBITDA of -$112M.
Braze expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Braze valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $355M | $472M | XXX | XXX | XXX |
| Gross Profit | $240M | $324M | XXX | XXX | XXX |
| Gross Margin | 67% | 69% | XXX | XXX | XXX |
| EBITDA | -$144M | -$138M | XXX | XXX | XXX |
| EBITDA Margin | -40% | -29% | XXX | XXX | XXX |
| Net Profit | -$139M | -$129M | XXX | XXX | XXX |
| Net Margin | -39% | -27% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Braze's stock price is $28.
Braze has current market cap of $3.0B, and EV of $2.5B.
See Braze trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.5B | $3.0B | XXX | XXX | XXX | XXX | $0.20 |
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Sign UpAs of April 15, 2025, Braze has market cap of $3.0B and EV of $2.5B.
Braze's trades at 4.1x LTM EV/Revenue multiple, and 178.1x LTM EBITDA.
Analysts estimate Braze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Braze and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $2.5B | XXX | XXX | XXX |
| EV/Revenue | 4.4x | XXX | XXX | XXX |
| EV/EBITDA | -22.2x | XXX | XXX | XXX |
| P/E | -28.0x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 145.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBraze's NTM/LTM revenue growth is 16%
Braze's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Braze's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Braze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Braze and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 33% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -3% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 48% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 90% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Bigtincan | XXX | XXX | XXX | XXX | XXX | XXX |
| Agillic | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexcom | XXX | XXX | XXX | XXX | XXX | XXX |
| Binect | XXX | XXX | XXX | XXX | XXX | XXX |
| Performance One | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Braze acquired XXX companies to date.
Last acquisition by Braze was XXXXXXXX, XXXXX XXXXX XXXXXX . Braze acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Braze founded? | Braze was founded in 2011. |
| Where is Braze headquartered? | Braze is headquartered in United States of America. |
| How many employees does Braze have? | As of today, Braze has 1.7K+ employees. |
| Who is the CEO of Braze? | Braze's CEO is Mr. William Magnuson. |
| Is Braze publicy listed? | Yes, Braze is a public company listed on NAS. |
| 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? | Similar companies to Braze include e.g. Bigtincan, Agillic, Nexcom, Binect. |
| What is the current market cap of Braze? | Braze's current market cap is $3.0B |
| What is the current revenue of Braze? | Braze's last 12-month revenue is $613M. |
| What is the current EBITDA of Braze? | Braze's last 12-month EBITDA is $14.2M. |
| What is the current EV/Revenue multiple of Braze? | Current revenue multiple of Braze is 4.1x. |
| What is the current EV/EBITDA multiple of Braze? | Current EBITDA multiple of Braze is 178.1x. |
| What is the current revenue growth of Braze? | Braze revenue growth between 2023 and 2024 was 33%. |
| Is Braze profitable? | Yes, Braze is EBITDA-positive (as of the last 12 months). |
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