Braze (BRZE) Cost of Revenue (2020 - 2026)

Braze's Cost of Revenue history runs 7 years deep, the most recent figure standing at $155.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 620.05% year-over-year to $155.3 million; the TTM figure through Jan 2026 stood at $377.4 million (up 184.23% YoY), while the FY2026 annual figure was $327.0 million, up 78.51% from the prior year.
• Cost of Revenue came in at $155.3 million for Q1 2026 at Braze, up from $88.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $155.3 million in Q1 2026 to a low of -$36.5 million in Q1 2024.
• A 5-year average of $48.0 million and a median of $44.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue slumped 209.34% in 2024 and jumped 620.05% in 2026, its largest moves.
• Braze's Cost of Revenue stood at $29.1 million in 2022, then rose by 24.85% to $36.4 million in 2023, then soared by 105.25% to $74.7 million in 2024, then climbed by 18.67% to $88.6 million in 2025, then surged by 75.29% to $155.3 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $155.3 million, $88.6 million, and $82.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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