BRAZE, INC., 10-Q filed on 12/10/2024
Quarterly Report
v3.24.3
Cover - shares
 9 Months Ended
Oct. 31, 2024
Dec. 02, 2024
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Oct. 31, 2024  
Document Transition Report false  
Entity File Number 001-41065  
Entity Registrant Name Braze, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 45-2505271  
Entity Address, Address Line One 63 Madison Building  
Entity Address, Address Line Two 28 East 28th Street,  
Entity Address, City or Town New York  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10016  
City Area Code 609  
Local Phone Number 964-0585  
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share  
Trading Symbol BRZE  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001676238  
Current Fiscal Year End Date --01-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Entity Address, Address Line Three Floor 12  
Class A common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   87,467,590
Class B common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   16,017,314
v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 61,312 $ 68,228
Restricted cash, current 0 3,373
Accounts receivable, net of allowance of $2,696 and $2,772 at October 31, 2024 and January 31, 2024, respectively 90,299 92,256
Marketable securities 431,258 407,898
Prepaid expenses and other current assets 30,452 29,366
Total current assets 613,321 601,121
Restricted cash, noncurrent 530 530
Property and equipment, net 39,910 29,358
Operating lease right-of-use assets 80,352 81,163
Deferred contract costs 72,388 63,661
Goodwill 28,448 28,448
Intangible assets, net 3,231 3,690
Other assets 3,832 2,970
TOTAL ASSETS 842,012 810,941
CURRENT LIABILITIES:    
Accounts payable 2,912 6,321
Accrued expenses and other current liabilities 63,322 63,264
Deferred revenue 223,682 204,269
Operating lease liabilities, current 18,315 15,585
Operating lease liabilities, noncurrent 308,231 289,439
Other long-term liabilities 73,768 75,027
TOTAL LIABILITIES 2,200 2,050
COMMITMENTS AND CONTINGENCIES (Note 13) 384,199 366,516
Redeemable non-controlling interest (Note 4)
STOCKHOLDERS’ EQUITY (240) 192
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 1,027,339 928,494
Accumulated other comprehensive loss 348 (1,178)
Accumulated deficit (569,644) (483,093)
TOTAL STOCKHOLDERS’ EQUITY 458,053 444,233
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY 842,012 810,941
Class A common stock    
STOCKHOLDERS’ EQUITY    
Common stock 8 7
Class B common stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 2 $ 3
v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Allowance for doubtful accounts $ 2,696 $ 2,772
Class A common stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, issued (in shares) 82,534,449 73,037,015
Common stock, outstanding (in shares) 82,534,449 73,037,015
Class B common stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, authorized (in shares) 110,000,000 110,000,000
Common stock, issued (in shares) 20,296,274 27,173,408
Common stock, outstanding (in shares) 20,296,274 27,173,408
v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Income Statement [Abstract]        
Revenue $ 152,052 $ 123,956 $ 433,010 $ 340,843
Cost of revenue 45,910 36,374 133,878 104,535
Gross profit 106,142 87,582 299,132 236,308
Operating expenses:        
Sales and marketing 74,658 66,395 213,054 184,074
Research and development 32,855 29,872 100,369 88,749
General and administrative 31,199 26,448 86,309 75,884
Total operating expenses 138,712 122,715 399,732 348,707
Loss from operations (32,570) (35,133) (100,600) (112,399)
Other income, net 5,294 4,542 15,968 11,866
Loss before provision for income taxes (27,276) (30,591) (84,632) (100,533)
Provision for income taxes 851 385 2,351 1,318
Net loss (28,127) (30,976) (86,983) (101,851)
Net loss attributable to redeemable non-controlling interest (216) (235) (432) (962)
Net loss attributable to Braze, Inc. $ (27,911) $ (30,741) $ (86,551) $ (100,889)
Earnings Per Share        
Net loss per share attributable to Braze, Inc. common stockholders, basic (in dollars per share) $ (0.27) $ (0.31) $ (0.85) $ (1.03)
Net loss per share attributable to Braze, Inc. common stockholders, diluted (in dollars per share) $ (0.27) $ (0.31) $ (0.85) $ (1.03)
Weighted-Average Shares Outstanding        
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic (in shares) 102,146 97,880 101,714 97,615
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, diluted (in shares) 102,146 97,880 101,714 97,615
v3.24.3
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Statement of Comprehensive Income [Abstract]        
Net loss $ (28,127) $ (30,976) $ (86,983) $ (101,851)
Other comprehensive income:        
Change in foreign currency translation adjustments 165 (368) 230 (172)
Unrealized gains on marketable securities 436 1,060 1,296 1,811
Other comprehensive income, net 601 692 1,526 1,639
Comprehensive loss, net (27,526) (30,284) (85,457) (100,212)
Less: comprehensive loss, net, attributable to redeemable non-controlling interest (216) (235) (432) (962)
Comprehensive loss attributable to Braze, Inc. $ (27,310) $ (30,049) $ (85,025) $ (99,250)
v3.24.3
Condensed Consolidated Statements of Convertible Preferred Stock, Redeemable Noncontrolling Interest and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Class A and Class B Common Stock
Class A and Class B Common Stock
Common Class A And B
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Jan. 31, 2023 $ 1,455          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (962)          
Ending balance at Oct. 31, 2023 493          
Beginning balance (in shares) at Jan. 31, 2023     95,975,000      
Beginning balance at Jan. 31, 2023 445,303   $ 10 $ 806,044 $ (353,927) $ (6,824)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     1,664,000      
Issuance of common stock for options exercised 5,949     5,949    
Issuance of common stock under employee stock purchase plan (in shares)     128,000      
Issuance of common stock under employee stock purchase plan 3,222     3,222    
Vesting of restricted stock units (in shares)     1,189,000      
Stock-based compensation 74,502     74,502    
Other comprehensive income 1,639         1,639
Charitable donation of stock (in shares)     64,000      
Charitable donation of stock 2,391     2,391    
Issuance of common stock from acquisition (in shares)     190,000      
Issuance of common stock from acquisition 6,121     6,121    
Net Income (Loss) (100,889)       (100,889)  
Ending balance at Oct. 31, 2023 438,238 $ 10 $ 10 898,229 (454,816) (5,185)
Ending balance (in shares) at Oct. 31, 2023   99,210,000 99,210,000      
Beginning balance at Jul. 31, 2023 728          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (235)          
Ending balance at Oct. 31, 2023 493          
Beginning balance (in shares) at Jul. 31, 2023     98,230,000      
Beginning balance at Jul. 31, 2023 440,371   $ 10 870,313 (424,075) (5,877)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     415,000      
Issuance of common stock for options exercised 1,838     1,838    
Vesting of restricted stock units (in shares)     533,000      
Stock-based compensation 24,530     24,530    
Other comprehensive income 692         692
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock $ 1,427     1,427    
Issuance of common stock from acquisition (in shares) 0          
Issuance of common stock from acquisition $ 121     121    
Net Income (Loss) (30,741)       (30,741)  
Ending balance at Oct. 31, 2023 438,238 $ 10 $ 10 898,229 (454,816) (5,185)
Ending balance (in shares) at Oct. 31, 2023   99,210,000 99,210,000      
Beginning balance at Jan. 31, 2024 192          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (432)          
Ending balance at Oct. 31, 2024 (240)          
Beginning balance (in shares) at Jan. 31, 2024     100,210,000      
Beginning balance at Jan. 31, 2024 444,233   $ 10 928,494 (483,093) (1,178)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     590,000      
Issuance of common stock for options exercised 3,682     3,682    
Issuance of common stock under employee stock purchase plan (in shares)     149,000      
Issuance of common stock under employee stock purchase plan 4,752     4,752    
Vesting of restricted stock units (in shares)     1,818,000      
Stock-based compensation 87,647     87,647    
Other comprehensive income 1,526         1,526
Charitable donation of stock (in shares)     64,000      
Charitable donation of stock 2,764     2,764    
Net Income (Loss) (86,551)       (86,551)  
Ending balance at Oct. 31, 2024 458,053   $ 10 1,027,339 (569,644) 348
Ending balance (in shares) at Oct. 31, 2024     102,831,000      
Beginning balance at Jul. 31, 2024 (24)          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (216)          
Ending balance at Oct. 31, 2024 (240)          
Beginning balance (in shares) at Jul. 31, 2024     101,957,000      
Beginning balance at Jul. 31, 2024 453,693   $ 10 995,669 (541,733) (253)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     189,000      
Issuance of common stock for options exercised 1,477     1,477    
Issuance of common stock under employee stock purchase plan (in shares)     653,000      
Issuance of common stock under employee stock purchase plan 0     0    
Vesting of restricted stock units (in shares)     0      
Stock-based compensation 28,776     28,776    
Other comprehensive income 601     0   601
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock 1,417     1,417    
Net Income (Loss) (27,911)       (27,911)  
Ending balance at Oct. 31, 2024 $ 458,053   $ 10 $ 1,027,339 $ (569,644) $ 348
Ending balance (in shares) at Oct. 31, 2024     102,831,000      
v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss (including amounts attributable to redeemable non-controlling interests) $ (86,983) $ (101,851)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 87,184 72,961
Amortization of deferred contract costs 26,004 21,684
Depreciation and amortization 7,368 5,082
Provision for credit losses 2,157 1,717
Value of common stock donated to charity 2,764 2,391
(Accretion) amortization of (discount) premium on marketable securities (1,605) 1,579
Non-cash foreign exchange loss (802) 473
Fair value adjustments to contingent consideration (223) 0
Fixed asset write offs 436 128
Other 1 8
Changes in operating assets and liabilities:    
Accounts receivable (227) 7,269
Prepaid expenses and other current assets (1,365) 1,946
Deferred contract costs (34,764) (32,609)
ROU assets and liabilities 2,123 1,903
Other assets (506) (324)
Accounts payable (3,326) 2,859
Accrued expenses and other current liabilities 2,105 9,321
Deferred revenue 19,517 8,363
Other long-term liabilities (261) 129
Net cash provided by operating activities 19,597 3,029
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition, net of cash acquired 0 (16,319)
Purchases of property and equipment (12,147) (3,439)
Capitalized internal-use software costs (3,023) (2,536)
Purchases of marketable securities (179,545) (191,922)
Maturities of marketable securities 159,086 194,737
Net cash used in investing activities (35,629) (19,479)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of common stock options 3,682 5,949
Proceeds from stock associated with employee stock purchase plan 4,752 3,222
Payments of deferred purchase consideration (2,916) (165)
Net cash provided by financing activities 5,518 9,006
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 225 (806)
Net change in cash, cash equivalents, and restricted cash (10,289) (8,250)
Cash, cash equivalents, and restricted cash, beginning of period 72,131 72,623
Cash, cash equivalents, and restricted cash, end of period 61,842 64,373
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Cash paid for income taxes, net of refunds 2,518 182
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock-based compensation capitalized to internal-use software 1,776 1,516
Unrealized net gain (loss) on marketable investment securities 1,296 (1,811)
Net change to property and equipment (included in accounts payable/accrued liabilities) 727 (8)
Asset retirement obligation 9 17
Common stock issuance, acquisition 0 (6,121)
Working capital holdback 0 (1,795)
Indemnification holdback $ 0 $ (2,965)
v3.24.3
Company Overview
 9 Months Ended
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Company Overview Company Overview
Description of Business

Braze, Inc., together with its subsidiaries (collectively, the “Company,” “we,” “us,” “our,” or “Braze”), is a cloud-based customer engagement platform that delivers customer-centric experiences across push notifications, email, in-product messaging, SMS and MMS messages, and more. Customers use the Braze platform to facilitate real-time experiences between brands and customers in a more authentic and human way.

We began operations in 2011 and are incorporated in the state of Delaware. Our headquarters are located in New York City. As of October 31, 2024, we also lease additional office space in over 10 cities across North America, South America, Europe, and Asia-Pacific.
v3.24.3
Summary of Significant Accounting Policies
 9 Months Ended
Oct. 31, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, and variable interest entities (“VIE”) for which we are the primary beneficiary. Intercompany balances and transactions have been eliminated in consolidation.

Reclassifications

Certain reclassifications and immaterial changes have been made to prior-period financial statements to conform to the current-period presentation.
Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reported period. We evaluate estimates based on historical and anticipated results, trends, and various other assumptions. Significant items subject to such estimates and assumptions include, but are not limited to, the standalone selling price for separate performance obligations in our revenue arrangements, expected period of benefit for deferred contract costs, the valuation of common stock and stock-based compensation, the allocation of overhead costs between cost of revenue and operating expenses, the estimated useful lives of intangible and depreciable assets, the fair value of acquired assets and assumed liabilities from business combinations, valuation of long-lived assets and their recoverability, including goodwill, the incremental borrowing rate, the valuation of deferred tax assets and liabilities and other tax estimates including our ability to utilize net operating losses.

Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments as facts and circumstances dictate. As future events and their effects, including the uncertainty surrounding rapidly changing market and economic conditions from global or domestic macroeconomic and socioeconomic conditions such as, among others, instability in the banking and financial services sector, international and domestic supply chain risks, inflationary pressure, interest rate increases, declines in consumer confidence, international conflicts and domestic and foreign political unrest, that impact us and our customers, cannot be determined with precision, actual results could differ from those estimates and many of our estimates and assumptions have required increased judgement and carry a higher degree of variability and volatility.
Significant Accounting Policies
Our significant accounting policies are detailed in “Note 2. Summary of Significant Accounting Policies" of the audited annual consolidated financial statements for the fiscal year ended January 31, 2024 included in the Company’s Annual Report on Form 10-K, as filed with the SEC on April 1, 2024 (the “Annual Report”). There have been no material changes to our significant accounting policies.
Concentration of Credit Risk
Financial instruments that potentially subject us to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, marketable securities, and accounts receivable. Restricted cash consists of letters of credit related to our leased properties. For cash, cash equivalents, restricted cash, and marketable securities, we are exposed to credit risk in the event of default by the financial institutions to the extent of the amounts recorded on the consolidated balance sheets in excess of the Federal Deposit Insurance Corporation (“FDIC”) limits. Cash, cash equivalents, restricted cash, and marketable securities balances are maintained at financial institutions that management believes are of high-credit, quality financial institutions, where deposits, at times, exceed the FDIC limits.

Significant customers are those which represent 10% or more of our total revenue for the period, or accounts receivable at the balance sheets dates. For the three and nine months ended October 31, 2024 and October 31, 2023, no customer accounted for 10% or more of our total revenue.

For accounts receivable, we are exposed to credit risk in the event of nonpayment by customers to the extent of the amounts recorded on the consolidated balance sheets. As of October 31, 2024, no customers accounted for 10% or more of our total accounts receivable balance. As of January 31, 2024, one customer accounted for approximately 11% of our accounts receivable.

Recently Issued Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, (“ASU 2023-07”), which requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), an amount for other segment items with a description of the composition, and disclosure of the title and position of the CODM. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the update should be applied retrospectively to each period presented in the financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements and related disclosures.

In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, (“ASU 2023-09”), which requires public business entities on an annual basis to disclose specific categories in a tabular rate reconciliation and provide additional information for reconciling items that meet a five percent quantitative threshold. Additionally, the ASU requires all entities to disclose the amount of income taxes paid disaggregated by federal, state, and foreign taxes, as well as individual jurisdictions where income taxes paid are equal to or greater than five percent of total income taxes paid. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and the updated should be applied on a prospective basis, with a retrospective application permitted in the financial statements. The Company is currently evaluating the impact of the new standard on its consolidated financial statements and related disclosures.

In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update No. 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, (“ASU 2024-03”), which is intended to provide enhanced transparency into the nature of expenses and requires more detailed information on specific expense categories included in certain expense captions presented on the face of the income statement. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The standard may be applied either (1) on a prospective basis or (2) retrospectively to all periods presented in the consolidated financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements and related disclosures.

No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on the consolidated financial statements or disclosures.
v3.24.3
Revenue from Contracts with Customers
 9 Months Ended
Oct. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Disaggregated Revenue Streams

The following disaggregation depicts the nature, amount, timing and uncertainty of cash flows related to the primary types of revenue from contracts with customers.

The following table presents total revenue by type (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Subscription$146,256 $118,345 $416,364 $325,202 
Professional services and other5,796 5,611 16,646 15,641 
Total$152,052 $123,956 $433,010 $340,843 

The following table presents total revenue by geography (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
United States$82,938 $69,724 $238,810 $193,341 
International69,114 54,232 194,200 147,502 
Total$152,052 $123,956 $433,010 $340,843 

Revenue by geography is determined based on the location of our users. Other than the United States, no other individual country accounted for 10% or more of total revenue for any of the periods presented.

Unbilled Accounts Receivable

Unbilled accounts receivable included in trade accounts receivable, net, which generally arise from our contractual right to bill our customers in advance of services on the contract effective date, were $1.1 million and $1.5 million as of October 31, 2024 and January 31, 2024, respectively.

Contract Balances

Contract Assets

Contract assets as of October 31, 2024 and January 31, 2024 were $0.2 million and $0.9 million, respectively. The change in contract assets for all periods presented primarily reflects revenue recognized in excess of billings partially offset by contract assets earned during the period.

Deferred Revenue

The change in deferred revenue for all periods presented primarily reflects cash payments received during the period for which the performance obligation was not satisfied prior to the end of the period, partially offset by revenues recognized during the period. Revenue recognized during the three and nine months ended October 31, 2024 from amounts included in deferred revenue at January 31, 2024, was $33.5 million and $191.8 million, respectively. Revenue recognized during the three and nine months ended October 31, 2023 from amounts included in deferred revenue at January 31, 2023, was $27.0 million and $155.3 million, respectively.
Credit Losses

The following table presents a reconciliation of the allowance for credit losses on accounts receivable (in thousands):

Allowance for Credit Losses
Balance at January 31, 2024
$2,772 
Reserve:
Credit losses2,157 
Deferred revenue1,805 
Write-offs(4,332)
Recoveries294 
Balance at October 31, 2024
$2,696 

Remaining Performance Obligations

The transaction price allocated to remaining performance obligations represents amounts under non-cancelable contracts expected to be recognized as revenue in future periods, and may be influenced by several factors, including seasonality, the timing of renewals, the timing of service delivery and contract terms. Unbilled portions of the remaining performance obligations are subject to future economic risks including bankruptcies, regulatory changes and other market factors.

The following table presents remaining performance obligations as of the dates indicated below (in millions):
TotalLess than 1 Year1-5 Years
October 31, 2023$560.1 $369.9 $190.2 
January 31, 2024639.2 409.1 230.1 
April 30, 2024657.3 419.8 237.5 
July 31, 2024689.6 438.3 251.3 
October 31, 2024716.8 458.2 258.6 
v3.24.3
Variable Interest Entity and Redeemable Non-Controlling Interest
 9 Months Ended
Oct. 31, 2024
Noncontrolling Interest [Abstract]  
Variable Interest Entity and Redeemable Non-Controlling Interest Variable Interest Entity and Redeemable Non-Controlling Interest
On September 14, 2020, we, along with Japan Cloud Computing Co., Ltd., and M30 LLC, (the “Investors”), entered into an agreement, whereby each Investor agreed to purchase shares of common stock of Braze Kabushiki Kaisha (“Braze KK” and “Braze KK Shares”) for a total purchase price of $10.0 million in two tranches of $5.0 million per tranche in September 2020 and September 2021, to engage in the investment, organization, management and operation of Braze KK focused on the distribution of our products in Japan. The purpose of this arrangement was to further expand our business in the Japanese market.

In March 2022, we consented to the periodic issuance of stock options to purchase Braze KK Shares by certain employees of Braze KK. These options cannot be exercised by the holders thereof prior to the exercise of the call or put options described in more detail below. The Company considers the stock options to be a substantive class of equity, classified as a liability within other long-term liabilities on the consolidated balance sheets. As of October 31, 2024, the liability balance was $0.9 million. The issuance of stock options does not impact our majority stake in Braze KK, as none of the vesting criteria of the options were met as of the balance sheet date. The issuance of stock options did not result in a reconsideration event and therefore Braze KK still met the criteria of a Variable Interest Entity as Braze KK did not have sufficient equity at risk to finance their activities. As a result, we continue to operate Braze KK as a subsidiary, exposing us to business and foreign exchange risk. We consolidate Braze KK and present the results within the consolidated balance sheets, consolidated statements of operations, and consolidated statements of cash flows.

The common stock held by the Investors is callable by us or puttable by the Investors upon certain contingent events. Should the call or put option be exercised, the redemption value would be determined based on a prescribed formula derived from the discrete revenues of Braze KK and the Company and may be settled, at our discretion, with our stock or cash. The non-controlling interest in Braze KK is classified in mezzanine equity as redeemable non-controlling interest as a result of the put right available to the Investors in the future, an event that is not solely in our control. The non-controlling interest is not accreted to redemption value because it is currently not probable that the non-controlling interest will become redeemable.
The following table summarizes the activity in the redeemable non-controlling interests for the periods indicated below (in thousands):

Balance as of January 31, 2024
$192
Net loss attributable to redeemable non-controlling interest(432)
Balance as of October 31, 2024
$(240)
v3.24.3
Fair Value Measurements
 9 Months Ended
Oct. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table sets forth our financial instruments that were measured at fair value on a recurring basis at the periods indicated below, by level within the fair value hierarchy (in thousands):
October 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,169 $— $— $20,169 
Total cash equivalents20,169 — — 20,169 
Marketable securities
U.S. government securities$321,448 $— $— $321,448 
Foreign securities— 5,034 — 5,034 
Corporate debt securities— 104,776 — 104,776 
Total marketable securities321,448 109,810 — 431,258 
Liabilities
Contingent consideration$— $— $— $— 
Total liabilities— — — — 
Total financial assets$341,617 $109,810 $— $451,427 
January 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,758 $— $— $20,758 
U.S. government securities6,996 — — 6,996 
Total cash equivalents27,754 — — 27,754 
Marketable securities
U.S. government securities$318,957 $— $— $318,957 
Foreign securities— 6,367 — 6,367 
Corporate debt securities— 82,574 — 82,574 
Total marketable securities318,957 88,941 — 407,898 
Liabilities
Contingent consideration$— $— $223 $223 
Total liabilities— — 223 223 
Total financial assets$346,711 $88,941 $223 $435,875 
Our money market funds and financial instruments that are classified as Level 1 within the fair value hierarchy, because they are valued using quoted prices in active markets as of October 31, 2024 and January 31, 2024. Financial instruments classified as Level 2 within our fair value hierarchy are valued on the basis of prices from an orderly transaction between market participants provided by reputable dealers or pricing services. Prices of these securities are obtained through independent, third-party pricing services and include market quotations that may include both observable and unobservable inputs. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices and market transactions in comparable investments and various relationships between investments.

The fair value of our contingent consideration is estimated using Level 3 unobservable inputs. The estimates of fair value are based upon assumptions believed to be reasonable but which are uncertain, and involve significant judgments by management. We will reassess the fair value of the contingent consideration quarterly until the contingency is resolved. The liability is recorded within other long-term liabilities on the consolidated balance sheets. Changes in the fair value are recorded in operating income in the consolidated statements of operations.

There were no transfers of financial instruments among Level 1, Level 2 and Level 3 during the periods presented.

The following table summarizes the fair value changes in the contingent consideration liability in connection with the acquisition of North Star Y, Pty Ltd (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Beginning fair value $86 $1,593 $223 $— 
Additions/adjustments in the period
(86)202 (223)1,795 
Ending fair value$— $1,795 $— $1,795 
v3.24.3
Marketable Securities
 9 Months Ended
Oct. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities Marketable Securities
Marketable securities consist of the following for the periods presented (in thousands):
October 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$320,950 $914 $(416)$321,448 
Foreign securities5,008 26 — 5,034 
Corporate debt securities104,166 663 (53)104,776 
Total$430,124 $1,603 $(469)$431,258 
January 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$319,343 $782 $(1,168)$318,957 
Foreign securities6,349 31 (13)6,367 
Corporate debt securities82,368 340 (134)82,574 
Total$408,060 $1,153 $(1,315)$407,898 

Accrued interest receivables related to our available-for-sale securities of $4.0 million as of October 31, 2024 and $3.4 million as of January 31, 2024, were included within prepaid expenses and other current assets on the consolidated balance sheets.

The Company’s short-term investments consist of available-for-sale debt securities and term deposits. The term deposits are at cost, which approximates fair value. The weighted-average remaining maturity of the Company’s investment portfolio is approximately one year as of the periods presented.

The following table summarizes the fair value and gross unrealized losses aggregated by category of individual securities that have been in a continuous unrealized loss position for greater than 12 months (in thousands):
October 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$67,264 $(98)
Corporate debt securities7,189 (2)
Total$74,453 $(100)

January 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$99,613 $(741)
Foreign securities1,325 (11)
Corporate debt securities28,858 (113)
Total$129,796 $(865)

The Company purchases investment grade marketable debt securities which are rated by nationally recognized statistical credit rating organizations in accordance with its investment policy. This policy is designed to minimize the Company's exposure to credit losses. As of October 31, 2024, the credit-quality of the Company’s marketable available-for-sale debt securities had remained stable. The unrealized losses recognized on marketable available-for-sale debt securities as of October 31, 2024 was primarily related to the continued market volatility associated with market expectations in the current interest rate environment. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments and it is not expected that the investments would be settled at a price less than their amortized cost basis. The Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost basis. The Company is not aware of any specific event or circumstance that would require the Company to change its assessment of credit losses for any marketable available-for-sale debt security as of October 31, 2024. These estimates may change, as new events occur and additional information is obtained, and will be recognized on the consolidated financial statements as soon as they become known. No credit losses were recognized as of October 31, 2024 for the Company’s marketable debt securities.

The contractual maturities of the investments classified as available-for-sale marketable securities are as follows (in thousands):
October 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$217,354 $217,833 
Due in 1 year through 5 years212,770 213,425 
Total$430,124 $431,258 
January 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$173,481 $172,520 
Due in 1 year through 5 years234,579 235,378 
Total$408,060 $407,898 

Investment Income

Investment income consists of interest income and accretion income/amortization expense on our cash, cash equivalents, restricted cash, and marketable securities. Investment income is included within other income, net on the consolidated
statements of operations. The primary components of investment income from marketable securities were as follows (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Interest income$4,719 $3,532 $13,334 $9,705 
Accretion/amortization of discount/premium, net
562 588 1,605 1,579 
Investment income$5,281 $4,120 $14,939 $11,284 
v3.24.3
Property and Equipment, Net
 9 Months Ended
Oct. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consist of the following (in thousands):
October 31,
2024		January 31,
2024
Capitalized internal-use software$17,870 $13,071 
Computer equipment, office equipment, and software10,405 7,411 
Leasehold improvements21,438 18,789 
Furniture and fixtures8,493 4,223 
Total property and equipment58,206 43,494 
Less: accumulated depreciation and amortization(18,296)(14,136)
Total property and equipment, net$39,910 $29,358 

During the three months ended October 31, 2024, the total depreciation expense and amortization expense for property and equipment was $2.7 million. During the three months ended October 31, 2024, the Company wrote off $0.4 million of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation, which had minimal net impact on the Company’s consolidated financial results.

During the nine months ended October 31, 2024, the total depreciation expense and amortization expense for property and equipment was $7.3 million, inclusive of $0.4 million net book value for fixed assets written off during the fiscal year to date. During the nine months ended October 31, 2024, the Company wrote off $2.7 million of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation.

During the three and nine months ended October 31, 2023, total depreciation and amortization expense for property and equipment was $1.1 million and $3.8 million, respectively. During the three and nine months ended October 31, 2023, the Company removed $0.6 million and $1.1 million, respectively, of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation, which had minimal net impact on the Company’s consolidated financial results.

We capitalized internal-use software of $1.5 million and $1.5 million during the three months ended October 31, 2024 and 2023, respectively, and $4.8 million and $4.0 million during the nine months ended October 31, 2024 and 2023, respectively. Amortization for capitalized internal-use software costs recognized within cost of revenue on the consolidated statements of operations was $0.8 million and $0.5 million for the three months ended October 31, 2024 and 2023, respectively, and $2.3 million and $1.6 million during the nine months ended October 31, 2024 and 2023, respectively.
v3.24.3
Prepaid Expenses and Other Current Assets
 9 Months Ended
Oct. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
October 31,
2024		January 31,
2024
Prepaid software subscriptions$14,773 $14,864 
Prepaid advertising1,574 918 
Prepaid insurance294 1,881 
Investment interest receivable4,033 3,426 
Consumption tax receivable2,640 1,606 
Prepaid employee benefits1,257 902 
Other5,881 5,769 
Total prepaid expenses and other current assets$30,452 $29,366 
v3.24.3
Accrued Expenses and Other Current Liabilities
 9 Months Ended
Oct. 31, 2024
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consists of the following (in thousands):
October 31,
2024		January 31,
2024
Accrued compensation costs$20,227 $26,912 
Accrued software subscriptions16,943 10,956 
Accrued commissions7,134 7,440 
Accrued professional service fees2,047 1,555 
Accrued advertising2,713 1,662 
Accrued tax liability7,202 9,048 
ESPP payable3,490 594 
Other3,566 5,097 
Total accrued expenses and other current liabilities$63,322 $63,264 
v3.24.3
Employee Benefit Plans
 9 Months Ended
Oct. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
We sponsor a 401(k) defined contribution plan covering all eligible U.S. employees. Contributions to the 401(k) plan are discretionary. Matching contributions under the plan were $0.6 million and $0.7 million for the three months ended October 31, 2024 and 2023, respectively, and $4.3 million and $4.3 million during the nine months ended October 31, 2024 and 2023, respectively.
v3.24.3
Stockholder’s Equity (Deficit)
 9 Months Ended
Oct. 31, 2024
Equity [Abstract]  
Stockholder’s Equity (Deficit) Stockholders’ Equity
Class A and Class B Common Stock

The Company has two classes of common stock, Class A and Class B. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion and transfer rights. Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to ten votes and may be converted at the option of the holder into one share of Class A common stock. In addition, all shares of Class B common stock will automatically convert into shares of Class A common stock in certain circumstances, including on the earlier of (i) the last trading day of the fiscal quarter during which the number of shares of Class B common stock then outstanding represents less than 10% of the aggregate number of shares of Class A common stock and Class B common stock then outstanding, or (ii) the last trading day of the fiscal quarter immediately following the fifth anniversary of the initial public offering. All shares of the Company’s capital stock outstanding immediately prior to our initial public offering, including all shares held by its executive officers, directors and their respective affiliates, and all shares issuable upon the conversion of our then outstanding convertible preferred stock, were reclassified into shares of Class B common stock immediately prior to the completion of the initial public offering.

Charitable Contributions

In connection with our Pledge 1% commitment, we donated 32,155 and 32,155 and shares of our Class A common stock to a charitable donor-advised fund that resulted in the recognition of $1.4 million and $1.4 million of expense within general
and administrative in the consolidated statements of operations during the three months ended October 31, 2024 and 2023, respectively.

We donated 64,310 and 64,310 shares of our Class A common stock that resulted in the recognition of $2.7 million and $2.4 million of expense within general and administrative in the consolidated statements of operations during the nine months ended October 31, 2024 and 2023, respectively.
v3.24.3
Employee Stock Plans
 9 Months Ended
Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Employee Stock Plans Employee Stock Plans
We have historically issued equity awards under our Amended and Restated 2011 Equity Incentive Plan (the “2011 Plan”) and our 2021 Equity Incentive Plan (the “2021 Plan”).

Amended and Restated 2011 Equity Incentive Plan

Our 2011 Plan provides for the award of stock options and restricted stock units (“RSUs”) to employees, officers, directors, advisors and other service providers of Braze. The terms of each award and the exercise price of awards under the 2011 Plan are determined by our board of directors. Following effectiveness of the 2021 Plan in connection with our initial public offering, no further awards were made under the 2011 Plan.

2021 Equity Incentive Plan

In November 2021, our board of directors and our stockholders approved the 2021 Plan, which became effective on November 16, 2021. No grants were made under the 2021 Plan prior to its effectiveness. No further grants will be made under the 2011 Plan. At effectiveness, we reserved 25,660,249 shares of our Class A common stock to be issued under the 2021 Plan. In addition, the number of shares of our Class A common stock reserved for issuance under the 2021 Plan will automatically increase on February 1 of each year for a period of ten years, beginning on February 1, 2022 and continuing through February 1, 2031, in an amount equal to (1) 5% of the total number of shares of our common stock (both Class A and Class B) outstanding on the preceding January 31, or (2) a lesser number of shares determined by our board of directors no later than the February 1 increase. On February 1, 2024, the number of shares of our Class A common stock reserved for issuance under our 2021 Plan increased by an additional 5,010,520 shares.

Restricted Stock Units

The following table summarizes unvested RSU award activity and related information:
SharesWeighted-Average Grant Date Fair Value
Balance as of January 31, 2024
6,263,739
Granted2,473,496$48.65 
Vested(1,817,811)$39.46 
Forfeited(469,910)$37.74 
Balance as of October 31, 2024
6,449,514

RSUs granted during the nine months ended October 31, 2024 contained a service-based vesting condition of up to approximately a four year period. RSUs typically vest on a quarterly basis or have a one year cliff vesting period with quarterly vesting thereafter.

Stock-based Compensation Expense

The following table summarizes stock-based compensation expense, which was included in the consolidated statements of operations as follows (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Cost of revenue$1,003 $900 $3,045 $2,690 
Sales and marketing9,608 7,899 28,945 23,554 
Research and development10,343 9,479 32,623 29,251 
General and administrative7,364 5,761 21,805 17,466 
Stock-based compensation, net of amounts capitalized$28,318 $24,039 $86,418 $72,961 
Capitalized stock-based compensation expense534 582 1,776 1,516 
Total stock-based compensation expense$28,852 $24,621 $88,194 $74,477 

As of October 31, 2024, total compensation cost not yet recognized related to unvested equity awards and the weighted-average remaining period over which these costs are expected to be realized were as follows:

Stock OptionsRSUs
Unrecognized compensation costs (in thousands)$14,699$189,655
Weighted-average remaining recognition period (years)1.192.57

Employee Stock Purchase Plan

In November 2021, our board of directors and our stockholders approved the 2021 Employee Stock Purchase Plan (the “ESPP”), which became effective on November 16, 2021. Following completion of our initial public offering, the ESPP authorized the issuance of 1,825,000 shares of our Class A common stock under purchase rights granted to our employees or to employees of any of our designated affiliates. The number of shares of our Class A common stock reserved for issuance will automatically increase on February 1 of each year for a period of ten years, beginning on February 1, 2022 and continuing through February 1, 2031, by the lesser of (i) 1% of the total number of shares of our common stock (both Class A and Class B) outstanding on the preceding January 31; and (ii) 2,737,000 shares, except before the date of any such increase, our board of directors may determine that such increase will be less than the amount set forth in clauses (i) and (ii) above. On February 1, 2024, the number of shares of our Class A common stock reserved for issuance under our ESPP increased by an additional 1,002,104 shares.

The ESPP is implemented through a series of offerings under which eligible employees are granted purchase rights to purchase shares of the Company’s Class A common stock on specified dates during such offerings. Under the ESPP, our board of directors will be permitted to specify offerings with durations of not more than 27 months, and may specify shorter purchase periods within each offering. Each offering will have one or more purchase dates on which shares of our Class A common stock will be purchased for employees participating in the offering. On each purchase date, eligible employees will purchase the shares at a price per share equal to 85% of the lesser of (1) the fair market value of the Company’s Class A common stock on the first trading day of the offering period or (2) the fair market value of the Company’s Class A common stock on the last day of the offering period, as defined by the ESPP.

The Company recognized $0.4 million and $0.5 million of stock-based compensation expense related to the ESPP in the three months ended October 31, 2024 and 2023, respectively, and $1.7 million and $1.9 million during the nine months ended October 31, 2024 and 2023, respectively.

As of October 31, 2024, $3.5 million has been withheld on behalf of our employees for a future purchase and is classified as accrued expenses and other current liabilities on the consolidated balance sheets.

There were no issuances of Class A common stock under the ESPP in the three months ended October 31, 2024. As of October 31, 2024, there are 4,208,260 shares of Class A common stock that remain available for issuance under the ESPP.
v3.24.3
Commitments and Contingencies
 9 Months Ended
Oct. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Indirect Taxes

We are subject to indirect taxation in some, but not all, of the various U.S. states and foreign jurisdictions in which we conduct business. Therefore, we have an obligation to charge, collect and remit Value Added Tax (“VAT”) or Goods and Services Tax (“GST”) in connection with certain of our foreign sales transactions and sales and use tax in connection with
eligible sales to subscribers in certain U.S. states. On June 21, 2018, the U.S. Supreme Court issued an opinion in South Dakota v. Wayfair. The State of South Dakota alleged that U.S. constitutional law should be revised to permit South Dakota to require remote sellers to collect and remit sales tax in South Dakota in accordance with South Dakota’s sales tax statute. Under the U.S. Supreme Court’s ruling, the longstanding Quill Corp v. North Dakota sales tax case was overruled, and states may now require remote sellers to collect sales tax under certain circumstances. We began collecting sales tax in relevant jurisdictions for the fiscal year ended January 31, 2019. As a result of this ruling and given the scope of our operations, taxing authorities continue to provide regulations that increase the complexity and risks to comply with such laws and could result in substantial liabilities, prospectively as well as retrospectively. Based on the information available, we continue to evaluate and assess the jurisdictions in which indirect tax nexus exists and believe that the indirect tax liabilities are adequate and reasonable. Due to the complexity and uncertainty around the application of these rules by taxing authorities, results may vary materially from expectations, and we have recognized liabilities for contingencies related to state sales and use tax, VAT, and GST deemed probable and estimable totaling $1.9 million and $1.0 million as of October 31, 2024 and January 31, 2024, respectively, which is included in accrued expenses and other current liabilities on the consolidated balance sheets. As of January 31, 2024, we have filed prior period returns in several jurisdictions in order to remediate this potential exposure, and the Company continues to evaluate the potential exposure on an ongoing basis.

Legal Contingencies

From time to time, in the ordinary course of business, we are or may be involved in various legal or regulatory proceedings, claims or purported class actions related to, among other things, alleged infringement of third-party patents and other intellectual property rights, commercial, labor and employment, wage and hour and other claims. We have been, and may in the future be, put on notice or sued by third-parties for alleged infringement of their proprietary rights, including patent infringement. We accrue a liability when we believe that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. We believe we have recorded adequate provisions for any such matters and, as of October 31, 2024, we believe that no material loss will be incurred in excess of the amounts recognized in our financial statements.
v3.24.3
Leases
 9 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Leases Leases
Leases

The Company’s lease portfolio consists solely of office space with lease terms ranging from approximately one to ten years. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.

The components of lease cost reflected on the consolidated statements of operations were as follows (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Operating lease cost$4,519 $4,492 $14,355 $12,005 
Variable lease cost898 847 1,768 2,297 
Short-term lease cost239 39 470 424 
Total net lease cost$5,656 $5,378 $16,593 $14,726 


The future maturities of the Company’s operating lease liabilities by fiscal year are as follows (in thousands):

Amount
Remainder of 2025$3,761 
202619,536 
202717,946 
202814,055 
202913,551 
Thereafter52,116 
Total future undiscounted lease payments$120,965 
Less: imputed interest(28,882)
Total reported lease liability$92,083 
The Company's lease terms and discount rates are as follows:
October 31,
20242023
Weighted-average remaining lease term (years)7.48.1
Weighted-average discount rate7.3 %7.1 %

Other information for the Company's leases is as follows (in thousands):
Nine Months Ended
October 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities$12,124$9,190
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$8,713$45,267
v3.24.3
Income Taxes
 9 Months Ended
Oct. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company computes its provision for interim periods by applying an estimated annual effective tax rate to anticipated annual pretax income or loss as directed by ASC 740. The estimated annual effective tax rate is applied to the Company’s year to date income or loss, and is adjusted for discrete items recorded in the period. The Company recorded an income tax expense of $0.9 million and $0.4 million for the three months ended October 31, 2024 and 2023, respectively. The effective tax rate for the three months ended October 31, 2024 and 2023 was (3.1)% and (1.3)%, respectively. The Company recorded an income tax provision of $2.4 million and $1.3 million for the nine months ended October 31, 2024 and 2023, respectively. The effective tax rate for the nine months ended October 31, 2024 and 2023 was (2.8)% and (1.3)%, respectively.

The provision for income taxes recorded for the three and nine months ended October 31, 2024 consists of income taxes in state jurisdictions and foreign jurisdictions in which the Company conducts business. The primary difference between the effective tax rate and the statutory rate is the change in the valuation allowance recorded. The Company continues to maintain a full valuation allowance against its net deferred tax assets as we have concluded that it is not more likely than not that the deferred tax assets will be realized. When the Company determines that it will be able to realize some portion or all of its deferred tax assets, an adjustment to its valuation allowance on its deferred tax assets would have the effect of increasing net income in the period such determination is made.
v3.24.3
Net Loss Per Share
 9 Months Ended
Oct. 31, 2024
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
We compute the basic and diluted net loss per share of our Class A common stock and Class B common stock. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share in the Company’s net loss.

The following table sets forth the computation of basic and diluted net loss per share attributable to Braze, Inc. common stockholders during the periods presented (in thousands, except per share amounts):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Numerator:
Net loss attributable to Braze, Inc.$(27,911)$(30,741)$(86,551)$(100,889)
Denominator:
Weighted-average shares of Braze, Inc. common stock outstanding102,146 97,880 101,714 97,619 
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase— — — (4)
Weighted-average shares used to calculate net loss per share attributable to Braze, Inc. common stockholders, basic and diluted102,146 97,880 101,714 97,615 
Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted$(0.27)$(0.31)$(0.85)$(1.03)
The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per share attributable to Braze, Inc. common stockholders for the periods presented, because their inclusion would be anti-dilutive (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Options to purchase common stock5,486 6,419 5,486 6,419 
Restricted stock units6,450 6,739 6,450 6,739 
ESPP shares estimated to be purchased70 109 70 109 
Total12,006 13,267 12,006 13,267 
v3.24.3
Related Party Transactions
 9 Months Ended
Oct. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
In May 2021, the Chief Financial Officer of Datadog, Inc., one of our vendors, joined our board of directors. We have purchased services from Datadog, Inc. in the aggregate amount of approximately $0.4 million and $0.4 million during the three months ended October 31, 2024 and 2023, respectively, and $2.2 million and $1.6 million during the nine months ended October 31, 2024 and 2023, respectively.
v3.24.3
Restructuring
 9 Months Ended
Oct. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In May 2023, the Company implemented a workforce reduction designed to rebalance talent to better meet customer needs and achieve business priorities. No restructuring costs were recognized in the three and nine months ended October 31, 2024.

During the three and nine months ended October 31, 2023, $0.0 million and $0.6 million of restructuring costs were recognized, respectively.
v3.24.3
Business Combination
 9 Months Ended
Oct. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Combination Business Combination
Acquisition of North Star Y, Pty Ltd

On June 1, 2023, the Company acquired all the outstanding stock of North Star Y, Pty Ltd (“North Star”), Braze’s then exclusive reseller in Australia and New Zealand. The transaction provides Braze with a direct market presence in Australia and New Zealand, along with local market expertise from the North Star team.

The total purchase price consideration, as adjusted, of $26.8 million consisted of cash payments of $20.6 million, $6.1 million in issuances of Braze Class A common stock, and contingent consideration payments, the fair value of which was $1.8 million as of the acquisition date. The sellers are eligible to receive cash earn-out payments calculated based on qualified revenue performance metrics for the two individual twelve month periods immediately subsequent to the closing of the acquisition. The earn-out payments are capped at $10.0 million for the first earn-out period and $16.0 million for the second earn-out period. The fair value measurement of the contingent consideration liability has been influenced by developments in the significant inputs for such calculation, notably the new and incremental actual and forecasted deal closings from the Australia-New Zealand region. As a result, during the quarter ended October 31, 2024, the Company reduced the contingent consideration liability to zero as it was determined that the likelihood of the sellers satisfying the qualifications is remote.

The preliminary purchase price, as adjusted, was allocated to intangible assets in the amount of $3.8 million and goodwill in the amount of $28.4 million based on the respective estimated fair values. The resulting goodwill is not deductible for income tax purposes.

An indemnification holdback of $2.8 million that was previously recorded within accrued expenses and other current liabilities on the consolidated balance sheets was extinguished in the three months ended April 30, 2024. The indemnification holdback represents security for potential indemnification claims against the seller. The indemnification holdback was released in full.

Of the initial $0.5 million working capital holdback, $0.3 million has been released based on the completion of post-close adjustment procedures.

The results of operations of North Star, which were not material, have been included in the Company’s consolidated statements of operations for the nine months ended October 31, 2024 and 2023.
v3.24.3
Intangible Assets, Net
 9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net, consisted of the following (in thousands):

October 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(442)$2,677 10 years
Restrictive covenant relationships186 (132)54 2 years
Trademark465 (465)— 1 year
Total amortizable intangible assets3,770 (1,039)2,731 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(1,039)$3,231 

January 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(208)$2,911 10 years
Restrictive covenant relationships186 (62)124 2 years
Trademark465 (310)155 1 year
Total amortizable intangible assets3,770 (580)3,190 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(580)$3,690 

Intangible amortization expense was approximately $0.1 million and $0.2 million for the three months ended October 31, 2024 and 2023, respectively, and $0.4 million and $0.4 million during the nine months ended October 31, 2024 and 2023, respectively.

The future intangible amortization expense by fiscal year is as follows (in thousands):
Amount
Remainder of 2025$101 
2026343 
2027312 
2028312 
2029312 
Thereafter1,351 
Total$2,731 
v3.24.3
Goodwill
 9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The changes in the carrying amounts of goodwill were as follows (in thousands):
Amount
Balance at January 31, 2024
$28,448 
Acquisition related adjustments
— 
Balance at October 31, 2024
$28,448 
v3.24.3
Subsequent Events
 9 Months Ended
Oct. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In November 2024, in connection with our Pledge 1% commitment, the Company donated 32,155 shares of Class A common stock to a charitable donor-advised fund that resulted in the recognition of approximately $1.0 million of operating expense.

In November 2024, the Company granted RSUs for a total of 159,113 shares of Class A common stock to employees pursuant to the 2021 Plan. The RSUs vest over a service period of approximately four years. The grant date fair value of these awards was $6.0 million

In December 2024, the Company granted RSUs for a total of 14,262 shares of Class A common stock to employees pursuant to the 2021 Plan. The RSUs vest over a service period of approximately four years. The grant date fair value of these awards was $0.4 million.
v3.24.3
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Pay vs Performance Disclosure        
Net Income (Loss) $ (27,911) $ (30,741) $ (86,551) $ (100,889)
v3.24.3
Insider Trading Arrangements
 3 Months Ended 9 Months Ended
Oct. 31, 2024
shares
Oct. 31, 2024
shares
Trading Arrangements, by Individual    
Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Adopted false  
Non-Rule 10b5-1 Arrangement Terminated false  
Jonathan Hyman [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On September 25, 2024, Jonathan Hyman, our Chief Technology Officer, terminated a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The trading plan was previously adopted on December 29, 2023 and provided for the sale of, in the aggregate, up to 217,000 shares of our Class A common stock, subject to the satisfaction of specified price conditions.
Name Jonathan Hyman  
Title Chief Technology Officer  
Rule 10b5-1 Arrangement Terminated true  
Termination Date September 25, 2024  
Aggregate Available 217,000 217,000
v3.24.3
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Oct. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, and variable interest entities (“VIE”) for which we are the primary beneficiary. Intercompany balances and transactions have been eliminated in consolidation.
Reclassifications
Reclassifications

Certain reclassifications and immaterial changes have been made to prior-period financial statements to conform to the current-period presentation.
Use of Estimates
Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reported period. We evaluate estimates based on historical and anticipated results, trends, and various other assumptions. Significant items subject to such estimates and assumptions include, but are not limited to, the standalone selling price for separate performance obligations in our revenue arrangements, expected period of benefit for deferred contract costs, the valuation of common stock and stock-based compensation, the allocation of overhead costs between cost of revenue and operating expenses, the estimated useful lives of intangible and depreciable assets, the fair value of acquired assets and assumed liabilities from business combinations, valuation of long-lived assets and their recoverability, including goodwill, the incremental borrowing rate, the valuation of deferred tax assets and liabilities and other tax estimates including our ability to utilize net operating losses.
Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments as facts and circumstances dictate. As future events and their effects, including the uncertainty surrounding rapidly changing market and economic conditions from global or domestic macroeconomic and socioeconomic conditions such as, among others, instability in the banking and financial services sector, international and domestic supply chain risks, inflationary pressure, interest rate increases, declines in consumer confidence, international conflicts and domestic and foreign political unrest, that impact us and our customers, cannot be determined with precision, actual results could differ from those estimates and many of our estimates and assumptions have required increased judgement and carry a higher degree of variability and volatility.
Concentration of Credit Risk
Concentration of Credit Risk
Financial instruments that potentially subject us to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, marketable securities, and accounts receivable. Restricted cash consists of letters of credit related to our leased properties. For cash, cash equivalents, restricted cash, and marketable securities, we are exposed to credit risk in the event of default by the financial institutions to the extent of the amounts recorded on the consolidated balance sheets in excess of the Federal Deposit Insurance Corporation (“FDIC”) limits. Cash, cash equivalents, restricted cash, and marketable securities balances are maintained at financial institutions that management believes are of high-credit, quality financial institutions, where deposits, at times, exceed the FDIC limits.

Significant customers are those which represent 10% or more of our total revenue for the period, or accounts receivable at the balance sheets dates. For the three and nine months ended October 31, 2024 and October 31, 2023, no customer accounted for 10% or more of our total revenue.
For accounts receivable, we are exposed to credit risk in the event of nonpayment by customers to the extent of the amounts recorded on the consolidated balance sheets.
Recently Adopted Accounting Pronouncements
Recently Issued Accounting Pronouncements Not Yet Adopted

In November 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, (“ASU 2023-07”), which requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), an amount for other segment items with a description of the composition, and disclosure of the title and position of the CODM. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the update should be applied retrospectively to each period presented in the financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements and related disclosures.

In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures, (“ASU 2023-09”), which requires public business entities on an annual basis to disclose specific categories in a tabular rate reconciliation and provide additional information for reconciling items that meet a five percent quantitative threshold. Additionally, the ASU requires all entities to disclose the amount of income taxes paid disaggregated by federal, state, and foreign taxes, as well as individual jurisdictions where income taxes paid are equal to or greater than five percent of total income taxes paid. ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and the updated should be applied on a prospective basis, with a retrospective application permitted in the financial statements. The Company is currently evaluating the impact of the new standard on its consolidated financial statements and related disclosures.

In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update No. 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, (“ASU 2024-03”), which is intended to provide enhanced transparency into the nature of expenses and requires more detailed information on specific expense categories included in certain expense captions presented on the face of the income statement. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The standard may be applied either (1) on a prospective basis or (2) retrospectively to all periods presented in the consolidated financial statements. The Company is currently evaluating the impact of the new standard on the consolidated financial statements and related disclosures.

No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on the consolidated financial statements or disclosures.
v3.24.3
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Oct. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents total revenue by type (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Subscription$146,256 $118,345 $416,364 $325,202 
Professional services and other5,796 5,611 16,646 15,641 
Total$152,052 $123,956 $433,010 $340,843 
Schedule of Total Revenue by Geography
The following table presents total revenue by geography (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
United States$82,938 $69,724 $238,810 $193,341 
International69,114 54,232 194,200 147,502 
Total$152,052 $123,956 $433,010 $340,843 
Schedule of Allowance for Credit Loss Rollforward
The following table presents a reconciliation of the allowance for credit losses on accounts receivable (in thousands):

Allowance for Credit Losses
Balance at January 31, 2024
$2,772 
Reserve:
Credit losses2,157 
Deferred revenue1,805 
Write-offs(4,332)
Recoveries294 
Balance at October 31, 2024
$2,696 
Schedule of Remaining Performance Obligations
The following table presents remaining performance obligations as of the dates indicated below (in millions):
TotalLess than 1 Year1-5 Years
October 31, 2023$560.1 $369.9 $190.2 
January 31, 2024639.2 409.1 230.1 
April 30, 2024657.3 419.8 237.5 
July 31, 2024689.6 438.3 251.3 
October 31, 2024716.8 458.2 258.6 
v3.24.3
Variable Interest Entity and Redeemable Non-Controlling Interest (Tables)
 9 Months Ended
Oct. 31, 2024
Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Interest
The following table summarizes the activity in the redeemable non-controlling interests for the periods indicated below (in thousands):

Balance as of January 31, 2024
$192
Net loss attributable to redeemable non-controlling interest(432)
Balance as of October 31, 2024
$(240)
v3.24.3
Fair Value Measurements (Tables)
 9 Months Ended
Oct. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis
The following table sets forth our financial instruments that were measured at fair value on a recurring basis at the periods indicated below, by level within the fair value hierarchy (in thousands):
October 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,169 $— $— $20,169 
Total cash equivalents20,169 — — 20,169 
Marketable securities
U.S. government securities$321,448 $— $— $321,448 
Foreign securities— 5,034 — 5,034 
Corporate debt securities— 104,776 — 104,776 
Total marketable securities321,448 109,810 — 431,258 
Liabilities
Contingent consideration$— $— $— $— 
Total liabilities— — — — 
Total financial assets$341,617 $109,810 $— $451,427 
January 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,758 $— $— $20,758 
U.S. government securities6,996 — — 6,996 
Total cash equivalents27,754 — — 27,754 
Marketable securities
U.S. government securities$318,957 $— $— $318,957 
Foreign securities— 6,367 — 6,367 
Corporate debt securities— 82,574 — 82,574 
Total marketable securities318,957 88,941 — 407,898 
Liabilities
Contingent consideration$— $— $223 $223 
Total liabilities— — 223 223 
Total financial assets$346,711 $88,941 $223 $435,875 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the fair value changes in the contingent consideration liability in connection with the acquisition of North Star Y, Pty Ltd (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Beginning fair value $86 $1,593 $223 $— 
Additions/adjustments in the period
(86)202 (223)1,795 
Ending fair value$— $1,795 $— $1,795 
v3.24.3
Marketable Securities (Tables)
 9 Months Ended
Oct. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Components of Marketable Securities
Marketable securities consist of the following for the periods presented (in thousands):
October 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$320,950 $914 $(416)$321,448 
Foreign securities5,008 26 — 5,034 
Corporate debt securities104,166 663 (53)104,776 
Total$430,124 $1,603 $(469)$431,258 
January 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$319,343 $782 $(1,168)$318,957 
Foreign securities6,349 31 (13)6,367 
Corporate debt securities82,368 340 (134)82,574 
Total$408,060 $1,153 $(1,315)$407,898 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table summarizes the fair value and gross unrealized losses aggregated by category of individual securities that have been in a continuous unrealized loss position for greater than 12 months (in thousands):
October 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$67,264 $(98)
Corporate debt securities7,189 (2)
Total$74,453 $(100)

January 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$99,613 $(741)
Foreign securities1,325 (11)
Corporate debt securities28,858 (113)
Total$129,796 $(865)
Schedule of Marketable Securities by Contractual Maturity
The contractual maturities of the investments classified as available-for-sale marketable securities are as follows (in thousands):
October 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$217,354 $217,833 
Due in 1 year through 5 years212,770 213,425 
Total$430,124 $431,258 
January 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$173,481 $172,520 
Due in 1 year through 5 years234,579 235,378 
Total$408,060 $407,898 
Schedule of Investment Income The primary components of investment income from marketable securities were as follows (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Interest income$4,719 $3,532 $13,334 $9,705 
Accretion/amortization of discount/premium, net
562 588 1,605 1,579 
Investment income$5,281 $4,120 $14,939 $11,284 
v3.24.3
Property and Equipment, Net (Tables)
 9 Months Ended
Oct. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and equipment, net
Property and equipment, net, consist of the following (in thousands):
October 31,
2024		January 31,
2024
Capitalized internal-use software$17,870 $13,071 
Computer equipment, office equipment, and software10,405 7,411 
Leasehold improvements21,438 18,789 
Furniture and fixtures8,493 4,223 
Total property and equipment58,206 43,494 
Less: accumulated depreciation and amortization(18,296)(14,136)
Total property and equipment, net$39,910 $29,358 
v3.24.3
Prepaid Expenses and Other Current Assets (Tables)
 9 Months Ended
Oct. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
October 31,
2024		January 31,
2024
Prepaid software subscriptions$14,773 $14,864 
Prepaid advertising1,574 918 
Prepaid insurance294 1,881 
Investment interest receivable4,033 3,426 
Consumption tax receivable2,640 1,606 
Prepaid employee benefits1,257 902 
Other5,881 5,769 
Total prepaid expenses and other current assets$30,452 $29,366 
v3.24.3
Accrued Expenses and Other Current Liabilities (Tables)
 9 Months Ended
Oct. 31, 2024
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consists of the following (in thousands):
October 31,
2024		January 31,
2024
Accrued compensation costs$20,227 $26,912 
Accrued software subscriptions16,943 10,956 
Accrued commissions7,134 7,440 
Accrued professional service fees2,047 1,555 
Accrued advertising2,713 1,662 
Accrued tax liability7,202 9,048 
ESPP payable3,490 594 
Other3,566 5,097 
Total accrued expenses and other current liabilities$63,322 $63,264 
v3.24.3
Employee Stock Plans (Tables)
 9 Months Ended
Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Summarized Unvested RSU Award Activity
The following table summarizes unvested RSU award activity and related information:
SharesWeighted-Average Grant Date Fair Value
Balance as of January 31, 2024
6,263,739
Granted2,473,496$48.65 
Vested(1,817,811)$39.46 
Forfeited(469,910)$37.74 
Balance as of October 31, 2024
6,449,514
Schedule of Stock-Based Compensation Expense
The following table summarizes stock-based compensation expense, which was included in the consolidated statements of operations as follows (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Cost of revenue$1,003 $900 $3,045 $2,690 
Sales and marketing9,608 7,899 28,945 23,554 
Research and development10,343 9,479 32,623 29,251 
General and administrative7,364 5,761 21,805 17,466 
Stock-based compensation, net of amounts capitalized$28,318 $24,039 $86,418 $72,961 
Capitalized stock-based compensation expense534 582 1,776 1,516 
Total stock-based compensation expense$28,852 $24,621 $88,194 $74,477 
Schedule of Compensation Cost Not Yet Recognized
As of October 31, 2024, total compensation cost not yet recognized related to unvested equity awards and the weighted-average remaining period over which these costs are expected to be realized were as follows:

Stock OptionsRSUs
Unrecognized compensation costs (in thousands)$14,699$189,655
Weighted-average remaining recognition period (years)1.192.57
v3.24.3
Leases (Tables)
 9 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Schedule of Lease Cost, Terms, Discount Rates and Other Information
The components of lease cost reflected on the consolidated statements of operations were as follows (in thousands):

Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Operating lease cost$4,519 $4,492 $14,355 $12,005 
Variable lease cost898 847 1,768 2,297 
Short-term lease cost239 39 470 424 
Total net lease cost$5,656 $5,378 $16,593 $14,726 
The Company's lease terms and discount rates are as follows:
October 31,
20242023
Weighted-average remaining lease term (years)7.48.1
Weighted-average discount rate7.3 %7.1 %

Other information for the Company's leases is as follows (in thousands):
Nine Months Ended
October 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities$12,124$9,190
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$8,713$45,267
Schedule of Maturities of Operating Lease Liabilities
The future maturities of the Company’s operating lease liabilities by fiscal year are as follows (in thousands):

Amount
Remainder of 2025$3,761 
202619,536 
202717,946 
202814,055 
202913,551 
Thereafter52,116 
Total future undiscounted lease payments$120,965 
Less: imputed interest(28,882)
Total reported lease liability$92,083 
v3.24.3
Net Loss Per Share (Tables)
 9 Months Ended
Oct. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Numerator:
Net loss attributable to Braze, Inc.$(27,911)$(30,741)$(86,551)$(100,889)
Denominator:
Weighted-average shares of Braze, Inc. common stock outstanding102,146 97,880 101,714 97,619 
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase— — — (4)
Weighted-average shares used to calculate net loss per share attributable to Braze, Inc. common stockholders, basic and diluted102,146 97,880 101,714 97,615 
Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted$(0.27)$(0.31)$(0.85)$(1.03)
Schedule of Potentially Diluted Securities
The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per share attributable to Braze, Inc. common stockholders for the periods presented, because their inclusion would be anti-dilutive (in thousands):
Three Months Ended
October 31,		Nine Months Ended
October 31,
2024202320242023
Options to purchase common stock5,486 6,419 5,486 6,419 
Restricted stock units6,450 6,739 6,450 6,739 
ESPP shares estimated to be purchased70 109 70 109 
Total12,006 13,267 12,006 13,267 
v3.24.3
Intangible Assets, Net (Tables)
 9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Intangible assets, net, consisted of the following (in thousands):

October 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(442)$2,677 10 years
Restrictive covenant relationships186 (132)54 2 years
Trademark465 (465)— 1 year
Total amortizable intangible assets3,770 (1,039)2,731 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(1,039)$3,231 

January 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(208)$2,911 10 years
Restrictive covenant relationships186 (62)124 2 years
Trademark465 (310)155 1 year
Total amortizable intangible assets3,770 (580)3,190 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(580)$3,690 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Amount
Remainder of 2025$101 
2026343 
2027312 
2028312 
2029312 
Thereafter1,351 
Total$2,731 
v3.24.3
Goodwill (Tables)
 9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amounts of goodwill were as follows (in thousands):
Amount
Balance at January 31, 2024
$28,448 
Acquisition related adjustments
— 
Balance at October 31, 2024
$28,448 
v3.24.3
Summary of Significant Accounting Policies - Narrative (Details)
 3 Months Ended
Apr. 30, 2024
Accounts Receivable Benchmark | Customer Concentration Risk | One Customer  
Product Information [Line Items]  
Concentration risk 11.00%
v3.24.3
Revenue from Contracts with Customers - Disaggregation of Revenue by Type (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 152,052 $ 123,956 $ 433,010 $ 340,843
Subscription        
Disaggregation of Revenue [Line Items]        
Revenue 146,256 118,345 416,364 325,202
Professional services and other        
Disaggregation of Revenue [Line Items]        
Revenue $ 5,796 $ 5,611 $ 16,646 $ 15,641
v3.24.3
Revenue from Contracts with Customers - Disaggregation of Revenue by Geography (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 152,052 $ 123,956 $ 433,010 $ 340,843
United States        
Disaggregation of Revenue [Line Items]        
Revenue 82,938 69,724 238,810 193,341
International        
Disaggregation of Revenue [Line Items]        
Revenue $ 69,114 $ 54,232 $ 194,200 $ 147,502
v3.24.3
Revenue from Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Jan. 31, 2024
Revenue from Contract with Customer [Abstract]          
Unbilled receivables $ 1.1   $ 1.1   $ 1.5
Contract asset 0.2   0.2   $ 0.9
Revenue recognized from previously recorded contract liabilities $ 33.5 $ 27.0 $ 191.8 $ 155.3  
v3.24.3
Revenue from Contracts with Customers - Allowance for Credit Loss Rollforward (Details)
$ in Thousands
 9 Months Ended
Oct. 31, 2024
USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]  
Beginning balance $ 2,772
Credit losses 2,157
Deferred revenue 1,805
Write-offs (4,332)
Recoveries 294
Ending balance $ 2,696
v3.24.3
Revenue from Contracts with Customers - Remaining Performance Obligations (Details) - USD ($)
$ in Millions
Oct. 31, 2024
Jul. 31, 2024
Apr. 30, 2024
Jan. 31, 2024
Oct. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount $ 716.8 $ 689.6 $ 657.3 $ 639.2 $ 560.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-08-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount         $ 369.9
Revenue, remaining performance obligation, period         1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-11-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount       $ 409.1  
Revenue, remaining performance obligation, period       1 year  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount     $ 419.8    
Revenue, remaining performance obligation, period     1 year    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount   $ 438.3      
Revenue, remaining performance obligation, period   1 year      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount $ 458.2       $ 190.2
Revenue, remaining performance obligation, period 1 year       4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount       $ 230.1  
Revenue, remaining performance obligation, period       4 years  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount     $ 237.5    
Revenue, remaining performance obligation, period     4 years    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount   $ 251.3      
Revenue, remaining performance obligation, period   4 years      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount $ 258.6        
Revenue, remaining performance obligation, period 4 years        
v3.24.3
Variable Interest Entity and Redeemable Non-Controlling Interest - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 13 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Oct. 31, 2024
Noncontrolling Interest [Line Items]        
Other long-term liability, deferred compensation       $ 0.9
Braze KK        
Noncontrolling Interest [Line Items]        
Consideration received $ 5.0 $ 5.0 $ 10.0  
v3.24.3
Variable Interest Entity and Redeemable Non-Controlling Interest - Redeemable Noncontrolling Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Noncontrolling Interest [Roll Forward]        
Beginning balance $ (24) $ 728 $ 192 $ 1,455
Net loss attributable to redeemable non-controlling interest (216) (235) (432) (962)
Ending balance $ (240) $ 493 $ (240) $ 493
v3.24.3
Fair Value Measurements - Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents $ 20,169 $ 27,754
Marketable securities 431,258 407,898
Contingent consideration 0 223
Total liabilities 0 223
Total financial assets 451,427 435,875
Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 321,448 318,957
Foreign securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 5,034 6,367
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 104,776 82,574
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 20,169 20,758
Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   6,996
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 20,169 27,754
Marketable securities 321,448 318,957
Contingent consideration 0 0
Total liabilities 0 0
Total financial assets 341,617 346,711
Level 1 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 321,448 318,957
Level 1 | Foreign securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 1 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 1 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 20,169 20,758
Level 1 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   6,996
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Marketable securities 109,810 88,941
Contingent consideration 0 0
Total liabilities 0 0
Total financial assets 109,810 88,941
Level 2 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 2 | Foreign securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 5,034 6,367
Level 2 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 104,776 82,574
Level 2 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Level 2 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   0
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Marketable securities 0 0
Contingent consideration 0 223
Total liabilities 0 223
Total financial assets 0 223
Level 3 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 3 | Foreign securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 3 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Level 3 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents $ 0 0
Level 3 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   $ 0
v3.24.3
Fair Value Measurements - Summary of Fair Value Changes in Contingent Consideration Liability (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning fair value $ 86 $ 1,593 $ 223 $ 0
Adjustments in the period (86) 202 (223) 1,795
Ending fair value $ 0 $ 1,795 $ 0 $ 1,795
v3.24.3
Marketable Securities - Components of Marketable Securities (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost $ 430,124 $ 408,060
Gross Unrealized Gains 1,603 1,153
Gross Unrealized Losses (469) (1,315)
Total Estimated Fair Value 431,258 407,898
U.S. government securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 320,950 319,343
Gross Unrealized Gains 914 782
Gross Unrealized Losses (416) (1,168)
Total Estimated Fair Value 321,448 318,957
Foreign securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 5,008 6,349
Gross Unrealized Gains 26 31
Gross Unrealized Losses 0 (13)
Total Estimated Fair Value 5,034 6,367
Corporate debt securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 104,166 82,368
Gross Unrealized Gains 663 340
Gross Unrealized Losses (53) (134)
Total Estimated Fair Value $ 104,776 $ 82,574
v3.24.3
Marketable Securities - Narrative (Details) - USD ($)
Oct. 31, 2024
Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]    
Accrued interest receivable $ 4,000,000.0 $ 3,400,000
Allowance for credit loss $ 0  
v3.24.3
Marketable Securities - Continuous Loss Position (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value $ 74,453 $ 129,796
Gross Unrealized Losses (100) (865)
Total marketable securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value 67,264 99,613
Gross Unrealized Losses (98) (741)
Foreign securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value   1,325
Gross Unrealized Losses   (11)
Corporate debt securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value 7,189 28,858
Gross Unrealized Losses $ (2) $ (113)
v3.24.3
Marketable Securities - Contractual Maturity (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Amortized Cost    
Due within 1 year $ 217,354 $ 173,481
Due in 1 year through 5 years 212,770 234,579
Cost or Amortized Cost 430,124 408,060
Estimated Fair Value    
Due within 1 year 217,833 172,520
Due in 1 year through 5 years 213,425 235,378
Total Estimated Fair Value $ 431,258 $ 407,898
v3.24.3
Marketable Securities - Investment Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Investments, Debt and Equity Securities [Abstract]        
Interest income $ 4,719 $ 3,532 $ 13,334 $ 9,705
Accretion/amortization of discount/premium, net 562 588 1,605 1,579
Investment income $ 5,281 $ 4,120 $ 14,939 $ 11,284
v3.24.3
Property and Equipment, Net (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Jan. 31, 2024
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross $ 58,206   $ 58,206   $ 43,494
Less: accumulated depreciation and amortization (18,296)   (18,296)   (14,136)
Total property and equipment, net 39,910   39,910   29,358
Depreciation and amortization 2,700 $ 1,100 7,300 $ 3,800  
Capitalized internal-use software 1,500 1,500 4,800 4,000  
Removal of fixed assets 400 600 2,700 1,100  
Assets written off     400    
Cost of revenue          
Property, Plant and Equipment [Line Items]          
Amortization for capital internal-use software (800) $ (500) (2,300) $ (1,600)  
Capitalized internal-use software          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 17,870   17,870   13,071
Computer equipment, office equipment, and software          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 10,405   10,405   7,411
Leasehold improvements          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 21,438   21,438   18,789
Furniture and fixtures          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross $ 8,493   $ 8,493   $ 4,223
v3.24.3
Prepaid Expenses and Other Current Assets - Summary (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid software subscriptions $ 14,773 $ 14,864
Prepaid advertising 1,574 918
Prepaid insurance 294 1,881
Investment interest receivable 4,033 3,426
Consumption tax receivable 2,640 1,606
Prepaid employee benefits 1,257 902
Other 5,881 5,769
Total prepaid expenses and other current assets $ 30,452 $ 29,366
v3.24.3
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Payables and Accruals [Abstract]    
Accrued compensation costs $ 20,227 $ 26,912
Accrued software subscriptions 16,943 10,956
Accrued commissions 7,134 7,440
Accrued professional service fees 2,047 1,555
Accrued advertising 2,713 1,662
Accrued tax liability 7,202 9,048
ESPP payable 3,490 594
Other 3,566 5,097
Total accrued expenses and other current liabilities $ 63,322 $ 63,264
v3.24.3
Employee Benefit Plans (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Retirement Benefits [Abstract]        
Contributions $ 0.6 $ 0.7 $ 4.3 $ 4.3
v3.24.3
Stockholder’s Equity (Deficit) (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 31, 2024
USD ($)
vote
class
shares
Oct. 31, 2023
USD ($)
shares
Oct. 31, 2024
USD ($)
vote
class
shares
Oct. 31, 2023
USD ($)
shares
Class of Stock [Line Items]        
Classes of common stock (in classes) | class 2   2  
Threshold for conversion 10.00%   10.00%  
Charitable donation | $ $ 1.4 $ 1.4 $ 2.7 $ 2.4
Class A common stock        
Class of Stock [Line Items]        
Votes per share (in votes) 1   1  
Common stock converted (in votes) 1   1  
Charitable donation (in shares) | shares 32,155 32,155 64,310 64,310
Class B common stock        
Class of Stock [Line Items]        
Votes per share (in votes) 10   10  
v3.24.3
Employee Stock Plans - Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Feb. 01, 2023
Nov. 30, 2021
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Nov. 16, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock-based compensation     $ 28,318 $ 24,039 $ 86,418 $ 72,961  
RSUs              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award cliff vesting period         4 years    
RSUs | Minimum              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award cliff vesting period         1 year    
Employee Stock | Common Stock              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Issuance of common stock under employee stock purchase plan (in shares)     0        
2021 Equity Incentive Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Number of shares reserved for future issuance (in shares)   25,660,249          
Shares reserved for future issuance, period of automatic increase   10 years          
Shares reserved for future issuance, increase as percentage of total shares outstanding   5.00%          
Shares reserved for future issuance, additional shares reserved (in shares) 5,010,520            
Employee Stock Purchase Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Shares reserved for future issuance, period of automatic increase   10 years          
Shares reserved for future issuance, increase as percentage of total shares outstanding   1.00%          
Shares reserved for future issuance, additional shares reserved (in shares) 1,002,104            
Automatic increase in ESPP (in shares)             2,737,000
Purchase price as a percentage of market value   85.00%          
Employee Stock Purchase Plan | Employee Stock              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Number of shares reserved for issuance (in shares)             1,825,000
Stock-based compensation     $ 400 $ 500 $ 1,700 $ 1,900  
Share-based compensation amount withheld from employees for future purchase     $ 3,500   $ 3,500    
Number available for grant (in share)     4,208,260   4,208,260    
v3.24.3
Employee Stock Plans - Schedule of Summarized Unvested RSU Award Activity (Details) - RSUs
 9 Months Ended
Oct. 31, 2024
$ / shares
shares
Stock units  
Beginning balance, outstanding (in shares) | shares 6,263,739
Granted (in shares) | shares 2,473,496
Vested (in shares) | shares (1,817,811)
Forfeited (in shares) | shares (469,910)
Ending balance, outstanding (in shares) | shares 6,449,514
Weighted-Average Grant Date Fair Value  
Beginning balance (in dollars per share) | $ / shares
Granted (in dollars per share) | $ / shares 48.65
Vested (in dollars per share) | $ / shares 39.46
Forfeited (in dollars per share) | $ / shares 37.74
Ending balance (in dollars per share) | $ / shares
v3.24.3
Employee Stock Plans - Stock-Based Compensation Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation $ 28,318 $ 24,039 $ 86,418 $ 72,961
Capitalized stock-based compensation expense 534 582 1,776 1,516
Total stock-based compensation expense 28,852 24,621 88,194 74,477
Cost of revenue        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 1,003 900 3,045 2,690
Sales and marketing        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 9,608 7,899 28,945 23,554
Research and development        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 10,343 9,479 32,623 29,251
General and administrative        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation $ 7,364 $ 5,761 $ 21,805 $ 17,466
v3.24.3
Employee Stock Plans - Compensation Cost Not Yet Recognized (Details)
 9 Months Ended
Oct. 31, 2024
USD ($)
Stock Options  
Share-Based Payment Arrangement [Abstract]  
Weighted-average remaining recognition period (years) 1 year 2 months 8 days
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs (in thousands) $ 14,699
Weighted-average remaining recognition period (years) 1 year 2 months 8 days
RSUs  
Share-Based Payment Arrangement [Abstract]  
Unrecognized compensation costs (in thousands) $ 189,655
Weighted-average remaining recognition period (years) 2 years 6 months 25 days
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs (in thousands) $ 189,655
Weighted-average remaining recognition period (years) 2 years 6 months 25 days
v3.24.3
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Oct. 31, 2024
Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Taxes payable $ 1.9 $ 1.0
v3.24.3
Leases - Narrative (Details)
Oct. 31, 2024
Minimum  
Lessee, Lease, Description [Line Items]  
Term of contract 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Term of contract 10 years
v3.24.3
Leases - Schedule of Lease, Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Leases [Abstract]        
Operating lease cost $ 4,519 $ 4,492 $ 14,355 $ 12,005
Variable lease cost 898 847 1,768 2,297
Short-term lease cost 239 39 470 424
Total net lease cost $ 5,656 $ 5,378 $ 16,593 $ 14,726
v3.24.3
Leases - Maturities of Operating Lease Liabilities (Details)
$ in Thousands
Oct. 31, 2024
USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]  
Remainder of 2025 $ 3,761
2026 19,536
2027 17,946
2028 14,055
2029 13,551
Thereafter 52,116
Total future undiscounted lease payments 120,965
Less: imputed interest (28,882)
Total reported lease liability $ 92,083
v3.24.3
Leases - Lease Terms and Discount Rates (Details)
Oct. 31, 2024
Oct. 31, 2023
Leases [Abstract]    
Weighted-average remaining lease term (years) 7 years 4 months 24 days 8 years 1 month 6 days
Weighted-average discount rate 7.30% 7.10%
v3.24.3
Leases - Other Information for the Company's Leases (Details) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Leases [Abstract]    
Cash paid for amounts included in the measurement of lease liabilities $ 12,124 $ 9,190
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 8,713 $ 45,267
v3.24.3
Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Income Tax Disclosure [Abstract]        
Provision for income taxes $ 851 $ 385 $ 2,351 $ 1,318
Effective tax rate (3.10%) (1.30%) (2.80%) (1.30%)
v3.24.3
Net Loss Per Share - Schedule of Net Loss Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Numerator:        
Net loss attributable to Braze, Inc. $ (27,911) $ (30,741) $ (86,551) $ (100,889)
Denominator:        
Weighted-average shares of Braze, Inc. common stock outstanding, basic (in shares) 102,146 97,880 101,714 97,619
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase (in shares) 0 0 0 (4)
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic (in shares) 102,146 97,880 101,714 97,615
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, diluted (in shares) 102,146 97,880 101,714 97,615
Net loss per share:        
Net loss per share attributable to Braze, Inc. common stockholders, basic (in dollars per share) $ (0.27) $ (0.31) $ (0.85) $ (1.03)
Net loss per share attributable to Braze, Inc. common stockholders, diluted (in dollars per share) $ (0.27) $ (0.31) $ (0.85) $ (1.03)
v3.24.3
Net Loss Per Share - Schedule of Potentially Dilutive Securities (Details) - shares
shares in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of loss per share (in shares) 12,006 13,267 12,006 13,267
Options to purchase common stock        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of loss per share (in shares) 5,486 6,419 5,486 6,419
Restricted stock units        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of loss per share (in shares) 6,450 6,739 6,450 6,739
ESPP shares estimated to be purchased        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of loss per share (in shares) 70 109 70 109
v3.24.3
Related Party Transactions - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Related Party Transactions [Abstract]        
Purchases from related party $ 0.4 $ 0.4 $ 2.2 $ 1.6
v3.24.3
Restructuring (Details)
$ in Millions
 3 Months Ended
Oct. 31, 2023
USD ($)
Restructuring and Related Activities [Abstract]  
Restructuring costs $ 0.0
v3.24.3
Business Combination (Details) - USD ($)
$ in Thousands
Jun. 01, 2023
Oct. 31, 2024
Jan. 31, 2024
Oct. 31, 2023
Business Acquisition [Line Items]        
Contingent consideration   $ 0 $ 223  
Goodwill   28,448 $ 28,448  
Indemnification holdback   0   $ (2,965)
Working capital holdback   0   $ (1,795)
North Star Y, Pty Ltd        
Business Acquisition [Line Items]        
Consideration transferred $ 26,800      
Purchase price consideration, cash payments 20,600      
Purchase price consideration, equity issued 6,100      
Contingent consideration 1,800 0    
Earn out payment, period one 10,000      
Earn out payment, period two 16,000      
Intangible assets 3,800      
Goodwill   28,400    
Indemnification holdback   2,800    
Working capital holdback $ 500      
Amount released   $ 300    
v3.24.3
Intangible Assets, Net - Schedule of Intangible Assets, Net (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount $ 3,770   $ 3,770   $ 3,770
Accumulated Amortization (1,039)   (1,039)   (580)
Total 2,731   2,731   3,190
Non-amortizable intangible assets 500   500   500
Total intangible assets, gross 4,270   4,270   4,270
Intangible assets, net 3,231   3,231   3,690
Intangible amortization expense 100 $ 200 400 $ 400  
Customer relationships          
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount 3,119   3,119   3,119
Accumulated Amortization (442)   (442)   (208)
Total $ 2,677   $ 2,677   $ 2,911
Amortization Period 10 years   10 years   10 years
Restrictive covenant relationships          
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount $ 186   $ 186   $ 186
Accumulated Amortization (132)   (132)   (62)
Total $ 54   $ 54   $ 124
Amortization Period 2 years   2 years   2 years
Trademark          
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount $ 465   $ 465   $ 465
Accumulated Amortization (465)   (465)   (310)
Total $ 0   $ 0   $ 155
Amortization Period 1 year   1 year   1 year
v3.24.3
Intangible Assets, Net - Schedule of Future Amortization Expense (Details) - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Remainder of 2025 $ 101  
2026 343  
2027 312  
2028 312  
2029 312  
Thereafter 1,351  
Total $ 2,731 $ 3,190
v3.24.3
Goodwill (Details)
$ in Thousands
 9 Months Ended
Oct. 31, 2024
USD ($)
Goodwill [Roll Forward]  
Balance at January 31, 2024 $ 28,448
Acquisition related adjustments 0
Balance at October 31, 2024 $ 28,448
v3.24.3
Subsequent Events (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Dec. 31, 2024
Nov. 30, 2024
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Subsequent Event [Line Items]            
Charitable donation     $ 1.4 $ 1.4 $ 2.7 $ 2.4
RSUs            
Subsequent Event [Line Items]            
Restricted stock granted during the period (in shares)         2,473,496  
Subsequent Event            
Subsequent Event [Line Items]            
Charitable donation   $ 1.0        
Charitable donation (in shares)   32,155        
Subsequent Event | RSUs            
Subsequent Event [Line Items]            
Restricted stock granted during the period (in shares) 14,262 159,113        
Award vesting period   4 years        
Aggregate value, outstanding $ 0.4 $ 6.0