Braze Results Presentation Deck

Financial Highlights: Revenue of $86.1 million, up 54.5% YoY and 11.1% sequentially GAAP gross margin of 68.2%, up 180 basis points YoY; non-GAAP gross margin of 69.3%, up 260 basis points YoY Dollar-based net retention rate of 126% compared to 127% in Q1 and 125% in the prior year quarter GAAP operating loss of $35.1 million compared to a loss of $12.2 million in the prior year quarter; non-GAAP operating loss of $17.5 million compared to a loss of $6.5 million in the prior year quarter ● ● ● ● Q2'23 Results Highlights ● GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.35, compared to a loss of $0.60 in the prior year quarter; non-GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.16 compared to a loss of $0.32 in the prior year quarter Customer and Strategic Highlights: Customer count increased to 1,599 as of July 31, 2022 New business wins and upsells included, Roku, TelevisaUnivision, IBM, and Pizza Hut Australia Continued to acquire talent, adding nearly 100 employees in the fiscal quarter, bringing the total team to over 1,350 Net cash used in operating activities was $16.3 million compared to net cash used in operating activities of $4.6 million in the prior year quarter Free cash flow was $(24.7) million compared to $(5.7) million in the prior year quarter See Appendix for GAAP to non-GAAP reconciliation braze

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