Braze Investor Presentation Deck

14 Reconciliation of GAAP to Non-GAAP Gross Margin Three Months Ended October 31, Nine Months Ended October 31, Gross Profit Plus: Stock-based compensation expense Employer taxes related to stock-based compensation Non-GAAP Gross Profit GAAP Gross Margin GAAP to Non-GAAP Reconciliation DOLLARS IN THOUSANDS Non-GAAP Gross Margin 2022 $63,990 889 17 $64,896 68.7% 69.7% 2021 $44,794 164 $44,958 70.0% 70.3% 2022 $174,358 2,720 57 $177,135 67.9% 69.0% 2021 $113,865 531 $114,396 67.9% 68.3% Reconciliation of GAAP to Non-GAAP Operating Expenses Three Months Ended October 31, Nine Months Ended October 31, 2022 2021 2022 GAAP sales and marketing expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation Non-GAAP sales and marketing GAAP research and development expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation Non-GAAP research and development GAAP general and administrative expense Less: Stock-based compensation expense Employer taxes related to stock-based compensation Charitable contribution expense Non-GAAP general and administrative $52,841 $29,568 $148,892 $81,411 6,512 156 8,060 53 1,586 $46,173 $27,982 $130,731 $25,583 $12,738 $70,539 3,847 1,622 $22,430 $12,936 23 21,154 304 $17,470 $11,116 $49,081 17,618 543 2,058 $18,560 $10,878 2021 11,900 252 5,881 $75,530 $36,130 5,780 $66,547 $31,947 $30,350 5,844 4,260 $50,135 $26,103 braze

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