Braze (BRZE)
Cloud platform for real-time data, cross-channel customer journeys, and personalized messaging.
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Provides a cloud platform for brands to ingest first-party data, orchestrate customer journeys, and deliver personalized messages across email, mobile, web, and other channels. Revenue is primarily subscription-based, with pricing tied largely to messaging volume and consumer reach; operations depend on third-party cloud infrastructure and evolving data-privacy rules.
Provides a cloud customer engagement platform for ingesting first-party data, segmenting audiences, orchestrating journeys, and delivering personalized interactions across digital channels. The Braze Data Platform handles real-time data; Canvas designs and tests journeys; BrazeAI adds decisioning, agents, and optimization; messaging spans email, push, in-app, web, SMS, WhatsApp, and other channels.
Revenue comes primarily from subscriptions; professional services support onboarding and use. Subscription fees are tied principally to committed messaging volumes, monthly active users, platform access, support, and add-on products. Customers span more than 70 countries, while North America remains the largest revenue base.
Execution centers on real-time stream processing and a single platform that connects data, orchestration, and delivery. The service processes personal data under evolving privacy rules and outsources substantially all cloud infrastructure to third-party providers, particularly AWS, while end-user profiles also rely on Rackspace.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $34 | Target: $38 |
| Sep 9, 2026 | Stifel Nicolaus | Target | Target: $30 | Target: $35 |
| Sep 9, 2026 | Raymond James | Reiterate | Rating: —Target: $50 | Target: $33 |
| Sep 9, 2026 | UBS | Reiterate | Rating: —Target: $37 | Target: $32 |
| Sep 9, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: $35 | Target: $37 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $409.9M · Total debt $96.4M · Total assets $1.13B · Shareholders' equity $600.2M
- Revenue
- $227.2M
- Operating income
- −$18.1M
- Net income
- −$18.9M
No dividends on record.
| Institutions | 88.94% | 101.02M shares | |
|---|---|---|---|
| 263 holders · as of Jun 30, 2026 | |||
| Insiders | 10.15% | 11.52M shares | |
| 19 holders · as of Aug 28, 2026 | |||
| Strategic holders | 6.52% | 7.41M shares | |
| 2 holders · as of May 14, 2026 | |||
| Adds to | 105.61% | ||
113.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.61%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 14.87% | 16.89M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.40% | 8.40M | as of Jun 30, 2026 |
MCG7 Capital Inc.1Strategic10 percent owner | 5.91% | 6.71M | filed May 14, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.92% | 5.58M | as of Jun 30, 2026 |
Pictet Asset Management Holding SAInstitution | 4.45% | 5.05M | as of Jun 30, 2026 |
- MCG7 Capital Inc.'s own ownership statement (13G, May 14, 2026) reports fewer shares than the transaction reports; the statement is used.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −42,000 | $32.47 |
| Aug 24, 2026 | Edward M. McDonnell | officer: Chief Revenue Officer | −29,732 | $31.38 |
| Aug 24, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −10,000 | $31.04 |
| Aug 19, 2026 | Astha Malik | officer: Chief Business Officer | −15,724 | $29.57 |
| Aug 19, 2026 | Jonathan Hyman | officer: Chief Technology Officer | −9,413 | $29.99 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Braze | $25.52 | 0.00% | $2.86B | — | 31.9 | 3.4 | +26.2% |
| Salesforce | $233.06 | −0.08% | $193.63B | 21.6 | 15.9 | 4.4 | +10.8% |
| Adobe | $238.87 | +0.26% | $99.18B | 13.9 | 8.9 | 3.8 | +12.9% |
| Klaviyo | $16.00 | +0.82% | $4.73B | 749.8 | 16.8 | 3.4 | +26.4% |
| Twilio | $284.93 | +0.15% | $40.38B | 37.1 | 46.1 | 7.2 | +22.0% |
| HubSpot | $217.29 | −0.31% | $10.95B | 75.6 | 14.4 | 3.2 | +19.8% |
| SAP (ADR) | $210.68 | −0.01% | $243.79B | 26.8 | 23.1 | 5.6 | +5.8% |
| Median | 31.9 | 16.4 | 4.1 | +16.4% |