Braze, Inc. (BRZE) intrinsic value & 10-year financials
Braze, Inc. (BRZE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 40.4% a year to $738.2M, with an average return on invested capital of -61.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $29.34
- Market cap
- $3.2B
- Revenue (FY2026)
- $738.2M
- Revenue growth (8-yr CAGR)
- 40.4%
- ROIC (10-yr avg)
- -61.0%
- Free cash flow (FY2026)
- $61.9M
BRZE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $738.2M | -$131.3M | -$1.22 | $61.9M | -19.6% | -28.3% |
| FY2025 | $593.4M | -$103.7M | -$1.02 | $23.4M | -20.6% | -26.8% |
| FY2024 | $471.8M | -$129.2M | -$1.32 | -$2.9M | -30.7% | -33.3% |
| FY2023 | $355.4M | -$139.0M | -$1.47 | -$37.8M | -41.7% | -67.3% |
| FY2022 | $238.0M | -$76.7M | -$2.20 | -$37.7M | -32.9% | -344.6% |
| FY2021 | $150.2M | -$31.8M | -$0.89 | -$8.5M | -21.4% | 32.9% |
| FY2020 | $96.4M | -$31.8M | -$0.98 | -$9.1M | -34.8% | 40.5% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Braze, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Braze, Inc. has historically struggled to out-earn its cost of capital, averaging just -12.3% ROIC.
Braze, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Braze, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-40.52 per share.