Braze Results Presentation Deck

Financial Highlights: ● ● Q2'24 Results Highlights GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.33, compared to a loss of $0.35 in the prior year quarter; non-GAAP net loss per basic and diluted shares attributable to Braze stockholders was $0.04 compared to a loss of $0.16 in the prior year quarter Net cash used in operating activities was $17.5 million compared to net cash used in operating activities of $16.3 million in the prior year quarter Free cash flow was ($18.7) million compared to ($24.7) million in the prior year quarter Customer and Strategic Highlights: ● Revenue of $115.1 million, up 33.6% YoY and 13.1% sequentially GAAP gross margin of 69.2%, up 100 basis points YoY; non-GAAP gross margin of 70.0%, up 70 basis points YoY Dollar-based net retention rate of 120% compared to 126% in the prior year quarter and 122% in Q1 of FY'24 GAAP operating loss of $35.4 million compared to a loss of $35.1 million in the prior year quarter; non-GAAP operating loss of $7.6 million compared to a loss of $17.5 million in the prior year quarter Customer count increased to 1,958 as of July 31, 2023 Notable new business wins and upsells in the quarter included Miro, the National Basketball Association, Rappi, and Stori Unveiled Sage Al by Braze, a set of advanced artificial intelligence and machine learning capabilities deeply integrated into the Braze platform, data flows, and executions stack designed to drive better and faster customer engagement outcomes Launched Braze Instant Insights, a suite of Snowflake Native Apps on Snowflake Marketplace Introduced new data integration innovations and partnerships to help brands create personalized, cross-channel campaigns faster by reducing data complexities between marketing and technical teams Braze joined the Russell 3000 Index in its annual reconstitution in June Braze releases its second annual Environmental, Social, and Governance report in July braze

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