Braze (BRZE) Research & Development (2020 - 2026)
Braze recorded quarterly Research & Development of $45.0 million in Q1 2026, up 2.18% quarter-over-quarter from $44.1 million in Q4 2025, and up 34.01% year-over-year from $33.6 million in Q1 2025.
Braze's Research & Development history runs 7 years deep, the most recent figure standing at $45.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 34.01% year-over-year to $45.0 million; the TTM figure through Jan 2026 stood at $167.1 million (up 24.76% YoY), while the FY2026 annual figure was $167.1 million, up 24.76% from the prior year.
- Research & Development came in at $45.0 million for Q1 2026 at Braze, up from $44.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $45.0 million in Q1 2026 to a low of $21.6 million in Q2 2022.
- A 5-year average of $31.8 million and a median of $31.1 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development soared 153.28% in 2022 and advanced 7.05% in 2025, its largest moves.
- Braze's Research & Development stood at $25.6 million in 2022, then increased by 16.77% to $29.9 million in 2023, then rose by 9.99% to $32.9 million in 2024, then jumped by 34.13% to $44.1 million in 2025, then grew by 2.18% to $45.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $45.0 million, $44.1 million, and $41.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Braze | 2.63 Bn | 2.50 Bn | 134.35 Mn | 45.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 45.03 Mn |
| Oct 31, 2025 | 44.07 Mn |
| Jul 31, 2025 | 41.25 Mn |
| Apr 30, 2025 | 36.80 Mn |
| Jan 31, 2025 | 33.60 Mn |
| Oct 31, 2024 | 32.86 Mn |
| Jul 31, 2024 | 33.14 Mn |
| Apr 30, 2024 | 34.37 Mn |
| Jan 31, 2024 | 31.11 Mn |
| Oct 31, 2023 | 29.87 Mn |
| Jul 31, 2023 | 29.13 Mn |
| Apr 30, 2023 | 29.75 Mn |
| Jan 31, 2023 | 26.75 Mn |
| Oct 31, 2022 | 25.58 Mn |
| Jul 31, 2022 | 23.34 Mn |
| Apr 30, 2022 | 21.62 Mn |
| Jan 31, 2022 | 22.90 Mn |
| Oct 31, 2021 | 12.74 Mn |
| Jul 31, 2021 | 11.60 Mn |
| Apr 30, 2021 | 11.80 Mn |
| Jan 31, 2021 | 9.04 Mn |
| Oct 31, 2020 | 7.41 Mn |