Braze Results Presentation Deck

Financial Highlights: Revenue of $101.8 million, up 31.3% YoY and 3.1% sequentially GAAP gross margin of 67.9%, up 130 basis points YoY; non-GAAP gross margin of 68.8%, up 100 basis points YoY Dollar-based net retention rate of 122% compared to 127% in the prior year quarter and 124% in Q4 of FY'23 GAAP operating loss of $41.9 million compared to a loss of $39.6 million in the prior year quarter; non-GAAP operating loss of $16.0 million compared to a loss of $18.0 million in the prior year quarter ● ● ● ● Q1'24 Results Highlights GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.40, compared to a loss of $0.42 in the prior year quarter; non-GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.13 compared to a loss of $0.19 in the prior year quarter Net cash provided by operating activities was $22.5 million compared to net cash provided by operating activities of $17.9 million in the prior year quarter Free cash flow was $21.7 million compared to $15.7 million in the prior year quarter Customer and Strategic Highlights: Customer count increased to 1,866 as of April 30, 2023. New business wins and upsells included Procore Technologies, Sonos, Sweetgreen, and Swimply Launched a suite of new and enhanced products designed to help marketers drive efficiency, team collaboration, and creativity to drive ROI Announced partnership with Stitch, a boutique consultancy focused on innovative marketing solutions, as its customer engagement platform of choice Completed acquisition of North Star, launching Braze Australia See Appendix for GAAP to non-GAAP reconciliation braze

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