Braze (BRZE) Research & Development (2020 - 2026)
Braze's (BRZE) quarterly Research & Development came in at $46.1 million in Q2 2026, up 25.28% year-on-year from $36.8 million in Q2 2025, and up 2.38% quarter-over-quarter from $45.0 million in Q1 2026.
Braze (BRZE) Research & Development (2020 - 2026) Analysis & Trends
Braze has disclosed Research & Development across 7 years of filings, most recently posting $46.1 million for Q2 2026.
- Research & Development for Q2 2026 came in at $46.1 million, up 25.28% year-over-year; the trailing twelve-month figure through Apr 2026 was $176.4 million (up 29.37% YoY), and the FY2026 annual result was $167.1 million, up 24.76% from the prior year.
- Research & Development came in at $46.1 million for Q2 2026 at Braze, up from $45.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $46.1 million in Q2 2026 to a low of $21.6 million in Q2 2022.
- The 5-year median for Research & Development is $32.0 million (2024), against an average of $32.6 million.
- Across the five-year window, Research & Development surged 153.28% in 2022 and gained 7.05% in 2025, its largest moves.
- Braze's Research & Development stood at $25.6 million in 2022, then grew by 16.77% to $29.9 million in 2023, then increased by 9.99% to $32.9 million in 2024, then soared by 34.13% to $44.1 million in 2025, then grew by 4.61% to $46.1 million in 2026.
- The last three Research & Development figures came in at $46.1 million (Q2 2026), $45.0 million (Q1 2026), and $44.1 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Braze | 2.34 Bn | 2.20 Bn | 138.66 Mn | 46.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 46.10 Mn |
| 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 |