Braze (BRZE) Research & Development (2020 - 2026)
Braze's (BRZE) quarterly Research & Development came in at $89.2 million in Q2 2026, up 20.32% year-over-year from $74.1 million in Q2 2025, and up 9.18% quarter-over-quarter from $81.7 million in Q1 2026.
Analysis
Braze (BRZE) Research & Development (2020 - 2026) Analysis & Trends
Braze has disclosed Research & Development across 7 years of filings, most recently posting $89.2 million for Q2 2026.
- In Q2 2026, Research & Development rose 20.32% year-over-year to $89.2 million; the TTM figure through Apr 2026 stood at $342.1 million (up 19.35% YoY), while the FY2026 annual figure was $327.0 million, up 15.83% from the prior year.
- Research & Development came in at $89.2 million for Q2 2026 at Braze, up from $81.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $89.2 million in Q2 2026 to a low of $45.7 million in Q1 2022.
- Average Research & Development over 5 years is $66.3 million, with a median of $67.5 million recorded in 2023.
- Year-over-year, Research & Development jumped 123.46% in 2022 and advanced 6.16% in 2025.
- Over 5 years, Research & Development stood at $52.8 million in 2022, then gained by 25.65% to $66.4 million in 2023, then gained by 12.45% to $74.7 million in 2024, then advanced by 18.67% to $88.6 million in 2025, then rose by 0.67% to $89.2 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $89.2 million in Q2 2026, $81.7 million in Q1 2026, and $88.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 104.04 Mn |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | 139.30 Mn |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | 89.19 Mn |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 51.93 Mn |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | - |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | 47.42 Mn |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 26.31 Mn |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 29.67 Mn |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | 2.30 Mn |
| 10 | Grandstand | 66.68 Mn | 57.88 Mn | 31.83 Mn | -16.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 89.19 Mn |
| Jan 31, 2026 | 81.69 Mn |
| Oct 31, 2025 | 88.60 Mn |
| Jul 31, 2025 | 82.60 Mn |
| Apr 30, 2025 | 74.13 Mn |
| Jan 31, 2025 | 69.26 Mn |
| Oct 31, 2024 | 74.66 Mn |
| Jul 31, 2024 | 68.57 Mn |
| Apr 30, 2024 | 69.83 Mn |
| Jan 31, 2024 | 63.05 Mn |
| Oct 31, 2023 | 66.40 Mn |
| Jul 31, 2023 | 60.42 Mn |
| Apr 30, 2023 | 57.26 Mn |
| Jan 31, 2023 | 52.79 Mn |
| Oct 31, 2022 | 52.84 Mn |
| Jul 31, 2022 | 50.01 Mn |
| Apr 30, 2022 | 46.04 Mn |
| Jan 31, 2022 | 45.73 Mn |
| Oct 31, 2021 | 29.57 Mn |
| Jul 31, 2021 | 27.49 Mn |