Growth Metrics

Braze (BRZE) Operating Expenses (2020 - 2026)

Braze recorded quarterly Operating Expenses of $162.6 million in Q1 2026, down 1.91% quarter-over-quarter from $165.8 million in Q4 2025, and up 22.58% year-over-year from $132.6 million in Q1 2025.

Braze's Operating Expenses history runs 7 years deep, the most recent figure standing at $162.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 22.58% year-over-year to $162.6 million; the TTM figure through Jan 2026 stood at $640.4 million (up 20.29% YoY), while the FY2026 annual figure was $640.4 million, up 20.29% from the prior year.
  • Operating Expenses came in at $162.6 million for Q1 2026 at Braze, down from $165.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $165.8 million in Q4 2025 to a low of $88.2 million in Q1 2022.
  • A 5-year average of $124.6 million and a median of $122.7 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 131.2% in 2022 and gained 10.3% in 2025, its largest moves.
  • Braze's Operating Expenses stood at $100.9 million in 2022, then gained by 21.68% to $122.7 million in 2023, then gained by 13.04% to $138.7 million in 2024, then grew by 19.5% to $165.8 million in 2025, then decreased by 1.91% to $162.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $162.6 million, $165.8 million, and $160.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -7.98 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 6.82 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 11.28 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 1.16 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 2.33 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 1.04 Bn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 3.32 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 4.23 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 4.54 Bn
10 Braze 2.63 Bn 2.50 Bn 134.35 Mn 162.59 Mn

Historic Data

Download Data 🔒
DateValue
Jan 31, 2026 162.59 Mn
Oct 31, 2025 165.76 Mn
Jul 31, 2025 160.64 Mn
Apr 30, 2025 151.42 Mn
Jan 31, 2025 132.65 Mn
Oct 31, 2024 138.71 Mn
Jul 31, 2024 130.03 Mn
Apr 30, 2024 130.99 Mn
Jan 31, 2024 120.26 Mn
Oct 31, 2023 122.72 Mn
Jul 31, 2023 115.00 Mn
Apr 30, 2023 110.99 Mn
Jan 31, 2023 101.77 Mn
Oct 31, 2022 100.85 Mn
Jul 31, 2022 93.89 Mn
Apr 30, 2022 91.24 Mn
Jan 31, 2022 88.25 Mn
Oct 31, 2021 55.24 Mn
Jul 31, 2021 49.15 Mn
Apr 30, 2021 45.10 Mn
Jan 31, 2021 38.17 Mn
Oct 31, 2020 33.69 Mn