Braze Results Presentation Deck

14 Gross Profit Plus: Reconciliation of GAAP to Non-GAAP Gross Margin Six Months Ended July 31, Stock-based compensation expense Employer taxes related to stock-based compensation expense Non-GAAP Gross Profit GAAP Gross Margin GAAP to Non-GAAP Reconciliation DOLLARS IN THOUSANDS Non-GAAP Gross Margin Three Months Ended July 31, 2023 $79,633 901 30 $80,564 69.2% 70.0% 2022 $58,779 911 24 $59,714 68.2% 69.3% 2023 $148,726 1,790 52 $150,568 68.6% 69.4% 2022 $110,368 1,831 40 $112,239 67.5% 68.6% Reconciliation of GAAP to Non-GAAP Operating Expenses Three Months Ended July 31, 2023 GAAP sales and marketing expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation expense Restructuring expense Non-GAAP sales and marketing GAAP research and development expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation expense Non-GAAP research and development GAAP general and administrative expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation expense 1% Pledge charitable contribution expense Acquisition related expense Amortization of intangibles expense Restructuring expense Non-GAAP general and administrative $60,417 $50,007 7,807 247 541 $51,822 9,929 266 $18,937 $29,132 $23,336 $25,453 6,139 2022 65 964 678 148 103 $17,356 5,439 220 $44,348 6,921 124 $16,291 $20,543 3,842 164 Six Months Ended July 31, 2023 $117,679 15,655 364 541 $58,877 19,772 $101,119 $84,558 522 $38,583 $49,436 11,705 2022 155 $96,051 11,106 387 $44,956 13,094 251 $31,611 $44,117 8,053 229 964 1,946 148 103 $16,537 $34,415 $31,575 4,260 braze

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