Braze Results Presentation Deck

Financial Highlights: Revenue of $77.5 million, up 61.9% YoY and 10.0% sequentially GAAP gross margin of 66.6%, down 40 basis points YoY; non-GAAP gross margin of 67.8%, up 40 basis points YoY Dollar-based net retention rate of 127% compared to 128% in Q4 and 124% in the prior year quarter GAAP operating loss of $39.6 million compared to a loss of $13.0 million in the prior year quarter; non-GAAP operating loss of $18.0 million compared to a loss of $6.1 million in the prior year quarter ● ● ● ● ● ● Q1'23 Results Highlights ● GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.42, compared to a loss of $0.65 in the prior year quarter; non-GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.19 compared to a loss of $0.30 in the prior year quarter Customer and Strategic Highlights: Customer count increased to 1,503 as of April 30, 2022 New business wins and upsells included, Little Spoon, Mercari, PaulCamper (Germany), and Pizza Hut (Australia) Continued to acquire talent, adding 120 employees in the fiscal quarter, bringing the total team to over 1,280 Net cash provided by operating activities was $17.9 million compared to net cash used in operating activities of $3.8 million in the prior year quarter Free cash flow was $15.7 million compared to $(4.6) million in the prior year quarter See Appendix for GAAP to non-GAAP reconciliation braze

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