Braze, Inc.
For the period ended Jan 31, 2025. Filed Mar 31, 2025.
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FY2025 · Filed Mar 31, 2025
BRZE$46.24+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the years ended
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net loss (including amounts attributable to redeemable non-controlling interests) | $(104,047) | $(130,429) | $(140,746) |
| Adjustments to reconcile net loss to net cash provided by/(used in) operating activities: | |||
| Stock-based compensation | 115,140 | 97,232 | 72,243 |
| Amortization of deferred contract costs | 35,014 | 29,788 | 23,639 |
| Depreciation and amortization | 10,115 | 6,963 | 4,618 |
| Provision for credit losses | 2,331 | 2,020 | 807 |
| Value of common stock donated to charity | 3,776 | 3,762 | 4,260 |
| (Accretion) amortization of (discount) premium on marketable securities | (2,079) | (2,077) | 1,336 |
| Non-cash foreign exchange (gain) loss | (1,033) | 460 | 1,612 |
| Fair value adjustments to contingent consideration | (223) | (1,572) | — |
| Fixed asset write off | 488 | 146 | 34 |
| Other | (152) | (495) | 461 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (5,363) | (14,008) | (14,650) |
| Prepaid expenses and other current assets | (6,629) | (3,413) | 3,596 |
| Deferred contract costs | (48,171) | (45,119) | (30,469) |
| ROU assets and liabilities | 1,939 | 4,275 | 3,355 |
| Other assets | (29) | 229 | 1,711 |
| Accounts payable | (3,912) | 3,419 | 906 |
| Accrued expenses and other current liabilities | 3,694 | 20,990 | 5,075 |
| Deferred revenue | 35,887 | 34,108 | 39,894 |
| Other long-term liabilities | (66) | 571 | 10 |
| Net cash provided by/(used in) operating activities | 36,680 | 6,850 | (22,308) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Cash paid for acquisition, net of cash acquired | — | (16,319) | — |
| Purchases of property and equipment | (13,234) | (9,761) | (15,447) |
| Capitalized internal-use software costs | (3,814) | (3,574) | (1,258) |
| Purchases of marketable securities | (217,975) | (248,059) | (638,221) |
| Maturities of marketable securities | 195,353 | 257,737 | 256,407 |
| Return of principal on marketable securities | 3,200 | — | — |
| Net cash used in investing activities | (36,470) | (19,976) | (398,519) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from exercise of common stock options | 6,906 | 7,263 | 11,332 |
| Proceeds from stock associated with employee stock purchase plan | 7,705 | 6,011 | — |
| Payments of deferred purchase consideration | (2,916) | (165) | — |
| Net cash provided by financing activities | 11,695 | 13,109 | 11,332 |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | (444) | (475) | (855) |
| Net change in cash, cash equivalents, and restricted cash | 11,461 | (492) | (410,350) |
| Cash, cash equivalents, and restricted cash, beginning of period | 72,131 | 72,623 | 482,973 |
| Cash, cash equivalents, and restricted cash, end of period | $83,592 | $72,131 | $72,623 |
SUPPLEMENTAL CASH FLOWS DISCLOSURE
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| SUPPLEMENTAL CASH FLOW DISCLOSURE: | |||
| Cash paid for income taxes, net of refunds | $2,945 | $309 | $365 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Stock-based compensation capitalized to internal-use software | $2,259 | $2,152 | $1,121 |
| Net change in capitalized internal-use software development costs in accrued expenses | $— | $— | $21 |
| Unrealized net gain (loss) on marketable investment securities | $1,058 | $5,416 | $(5,551) |
| Net change to property and equipment (included in accounts payable / accrued liabilities) | $173 | $208 | $75 |
| Vesting of early exercised options | $— | $— | $145 |
| Asset retirement obligation | $34 | $62 | $374 |
| Common stock issuance, acquisition | $— | $(6,121) | $— |
| Contingent consideration, acquisition | $— | $(1,795) | $— |
| Indemnity holdbacks, acquisition | $— | $(3,081) | $— |
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