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

Braze has disclosed Cost of Revenue across 7 years of filings, most recently posting $89.2 million for Q2 2026.

• Cost of Revenue for Q2 2026 came in at $89.2 million, up 20.32% year-over-year; the trailing twelve-month figure through Apr 2026 was $365.3 million (up 71.71% YoY), and the FY2026 annual result was $327.0 million, up 78.51% from the prior year.
• Cost of Revenue came in at $89.2 million for Q2 2026 at Braze, down from $155.3 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 $24.8 million in Q1 2022.
• The 5-year median for Cost of Revenue is $54.1 million (2022), against an average of $66.4 million.
• Across the five-year window, Cost of Revenue soared 381.5% in 2023 and tumbled 65.42% in 2025, its largest moves.
• Braze's Cost of Revenue stood at $29.1 million in 2022, then soared by 127.89% to $66.4 million in 2023, then slumped by 30.85% to $45.9 million in 2024, then surged by 36.42% to $62.6 million in 2025, then soared by 42.4% to $89.2 million in 2026.
• The last three Cost of Revenue figures came in at $89.2 million (Q2 2026), $155.3 million (Q1 2026), and $62.6 million (Q4 2025), per Business Quant data.