BRAZE, INC., 10-Q filed on 9/6/2024
Quarterly Report
v3.24.2.u1
Cover - shares
 6 Months Ended
Jul. 31, 2024
Aug. 30, 2024
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jul. 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 $0.0001 per share  
Trading Symbol BRZE  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001676238  
Current Fiscal Year End Date --01-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Entity Address, Address Line Three Floor 12  
Class A common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   82,431,280
Class B common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   20,295,274
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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 79,119 $ 68,228
Restricted cash, current 0 3,373
Accounts receivable, net of allowance of $2,686 and $2,772 at July 31, 2024 and January 31, 2024, respectively 71,257 92,256
Marketable securities 424,900 407,898
Prepaid expenses and other current assets 31,146 29,366
Total current assets 606,422 601,121
Restricted cash, noncurrent 530 530
Property and equipment, net 39,590 29,358
Operating lease right-of-use assets 76,045 81,163
Deferred contract costs 68,672 63,661
Goodwill 28,448 28,448
Intangible assets, net 3,332 3,690
Other assets 2,536 2,970
TOTAL ASSETS 825,575 810,941
CURRENT LIABILITIES:    
Accounts payable 4,473 6,321
Accrued expenses and other current liabilities 65,164 63,264
Deferred revenue 212,145 204,269
Operating lease liabilities, current 16,275 15,585
Total current liabilities 298,057 289,439
Operating lease liabilities, noncurrent 71,612 75,027
Other long-term liabilities 2,237 2,050
TOTAL LIABILITIES 371,906 366,516
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest (Note 4) (24) 192
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 995,669 928,494
Accumulated other comprehensive loss (253) (1,178)
Accumulated deficit (541,733) (483,093)
TOTAL STOCKHOLDERS’ EQUITY 453,693 444,233
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS’ EQUITY 825,575 810,941
Class A common stock    
STOCKHOLDERS’ EQUITY    
Common stock 8 7
Class B common stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 2 $ 3
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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Allowance for doubtful accounts $ 2,686 $ 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) 81,662,098 73,037,015
Common stock, outstanding (in shares) 81,662,098 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) 20,295,274 27,173,408
Common stock, outstanding (in shares) 20,295,274 27,173,408
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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Income Statement [Abstract]        
Revenue $ 145,499 $ 115,107 $ 280,958 $ 216,887
Cost of revenue 43,420 35,474 87,968 68,161
Gross profit 102,079 79,633 192,990 148,726
Operating expenses:        
Sales and marketing 68,569 60,417 138,396 117,679
Research and development 33,141 29,132 67,514 58,877
General and administrative 28,319 25,453 55,110 49,436
Total operating expenses 130,029 115,002 261,020 225,992
Loss from operations (27,950) (35,369) (68,030) (77,266)
Other income, net 5,503 3,865 10,674 7,324
Loss before provision for income taxes (22,447) (31,504) (57,356) (69,942)
Provision for income taxes 702 545 1,500 933
Net loss (23,149) (32,049) (58,856) (70,875)
Net loss attributable to redeemable non-controlling interest (150) (355) (216) (727)
Net loss attributable to Braze, Inc. $ (22,999) $ (31,694) $ (58,640) $ (70,148)
Earnings Per Share        
Net loss per share attributable to Braze, Inc. common stockholders, basic (in dollars per share) $ (0.23) $ (0.33) $ (0.58) $ (0.72)
Net loss per share attributable to Braze, Inc. common stockholders, diluted (in dollars per share) $ (0.23) $ (0.33) $ (0.58) $ (0.72)
Weighted-Average Shares Outstanding        
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic (in shares) 101,449 97,180 101,239 97,023
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, diluted (in shares) 101,449 97,180 101,239 97,023
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Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Statement of Comprehensive Income [Abstract]        
Net loss $ (23,149) $ (32,049) $ (58,856) $ (70,875)
Other comprehensive income (loss):        
Change in foreign currency translation adjustments 202 130 65 196
Unrealized gains (losses) on marketable securities 2,938 (696) 860 751
Other comprehensive income (loss), net 3,140 (566) 925 947
Comprehensive loss, net (20,009) (32,615) (57,931) (69,928)
Less: comprehensive loss, net, attributable to redeemable non-controlling interest (150) (355) (216) (727)
Comprehensive loss attributable to Braze, Inc. $ (19,859) $ (32,260) $ (57,715) $ (69,201)
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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 (727)          
Ending balance at Jul. 31, 2023 728          
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)     1,249,000      
Issuance of common stock for options exercised 4,111     4,111    
Issuance of common stock under employee stock purchase plan (in shares)     128,000      
APIC, Share-based Payment Arrangement, Option, Early Exercised, Increase for Cost Recognition 3,222     3,222    
Repurchase of shares related to early exercised options (in shares)     656,000      
Stock-based compensation 49,972     49,972    
Other comprehensive income 947         947
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock 964     964    
Issuance of common stock from acquisition (in shares)     190,000      
Issuance of common stock from acquisition 6,000     6,000    
Net Income (Loss) (70,148)       (70,148)  
Ending balance at Jul. 31, 2023 440,371 $ 10 $ 10 870,313 (424,075) (5,877)
Ending balance (in shares) at Jul. 31, 2023   98,230,000 98,230,000      
Beginning balance at Apr. 30, 2023 1,083          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (355)          
Ending balance at Jul. 31, 2023 728          
Beginning balance (in shares) at Apr. 30, 2023     96,864,000      
Beginning balance at Apr. 30, 2023 435,149   $ 10 832,831 (392,381) (5,311)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     573,000      
Issuance of common stock for options exercised 1,900     1,900    
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)     443,000      
Stock-based compensation 25,396     25,396    
Other comprehensive income (566)          
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock $ 964     964    
Issuance of common stock from acquisition (in shares) 190,000          
Issuance of common stock from acquisition $ 6,000          
Net Income (Loss) (31,694)       (31,694)  
Ending balance at Jul. 31, 2023 440,371 $ 10 $ 10 870,313 (424,075) (5,877)
Ending balance (in shares) at Jul. 31, 2023   98,230,000 98,230,000      
Beginning balance at Jan. 31, 2024 192          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (216)          
Ending balance at Jul. 31, 2024 (24)          
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)     401,000      
Issuance of common stock for options exercised 2,205     2,205    
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)     1,165,000      
Stock-based compensation 58,871     58,871    
Other comprehensive income 925         925
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock 1,347     1,347    
Net Income (Loss) (58,640)       (58,640)  
Ending balance at Jul. 31, 2024 453,693   $ 10 995,669 (541,733) (253)
Ending balance (in shares) at Jul. 31, 2024     101,957,000      
Beginning balance at Apr. 30, 2024 126          
Noncontrolling Interest [Roll Forward]            
Net loss attributable to redeemable non-controlling interest (150)          
Ending balance at Jul. 31, 2024 (24)          
Beginning balance (in shares) at Apr. 30, 2024     101,020,000      
Beginning balance at Apr. 30, 2024 436,107   $ 10 958,224 (518,734) (3,393)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock for options exercised (in shares)     168,000      
Issuance of common stock for options exercised 1,170     1,170    
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)     588,000      
Stock-based compensation 30,176     30,176    
Other comprehensive income 3,140         3,140
Charitable donation of stock (in shares)     32,000      
Charitable donation of stock 1,347     1,347    
Net Income (Loss) (22,999)       (22,999)  
Ending balance at Jul. 31, 2024 $ 453,693   $ 10 $ 995,669 $ (541,733) $ (253)
Ending balance (in shares) at Jul. 31, 2024     101,957,000      
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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss (including amounts attributable to redeemable non-controlling interests) $ (58,856) $ (70,875)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 58,756 49,002
Amortization of deferred contract costs 16,979 13,941
Depreciation and amortization 4,732 2,845
Provision for credit losses 369 1,294
Value of common stock donated to charity 1,347 964
(Accretion) amortization of (discount) premium on marketable securities (1,043) 991
Non-cash foreign exchange loss (485) 510
Fair value adjustments to contingent consideration (137) 0
Other 287 494
Changes in operating assets and liabilities:    
Accounts receivable 20,689 8,926
Prepaid expenses and other current assets (2,004) (2,029)
Deferred contract costs (22,009) (21,018)
ROU assets and liabilities 2,307 991
Other assets 670 (959)
Accounts payable (1,644) (1,315)
Accrued expenses and other current liabilities 3,352 15,297
Deferred revenue 7,828 6,471
Other long-term liabilities (131) (498)
Net cash provided by operating activities 31,007 5,032
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for acquisition, net of cash acquired 0 (16,318)
Purchases of property and equipment (10,224) (427)
Capitalized internal-use software costs (2,108) (1,640)
Purchases of marketable securities (142,099) (121,392)
Maturities of marketable securities 127,000 136,289
CASH FLOWS FROM FINANCING ACTIVITIES: (27,431) (3,488)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of common stock options 2,205 7,333
Proceeds from stock associated with employee stock purchase plan 4,752 0
Payments of deferred purchase consideration (2,916) 0
Net cash provided by financing activities 4,041 7,333
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash (99) (295)
Net change in cash, cash equivalents, and restricted cash 7,518 8,582
Net change in cash, cash equivalents, and restricted cash 72,131 72,623
Cash, cash equivalents, and restricted cash, end of period 79,649 81,205
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Cash paid for income taxes, net of refunds 1,956 85
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Stock-based compensation capitalized to internal-use software 1,242 934
Unrealized net gain on marketable investment securities 860 751
Net change to property and equipment (included in accounts payable/accrued liabilities) 1,200 90
Asset retirement obligation 8 11
Common stock issuance, acquisition $ 0 $ (6,000)
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Company Overview
 6 Months Ended
Jul. 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 July 31, 2024, we also lease additional office space in over 10 cities across North America, South America, Europe, and Asia-Pacific.
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Summary of Significant Accounting Policies
 6 Months Ended
Jul. 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 six months ended July 31, 2024 and July 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 July 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.

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.
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Revenue from Contracts with Customers
 6 Months Ended
Jul. 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
July 31,		Six Months Ended
July 31,
2024202320242023
Subscription$139,960 $109,711 $270,108 $206,857 
Professional services and other5,539 5,396 10,850 10,030 
Total$145,499 $115,107 $280,958 $216,887 

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

Three Months Ended
July 31,		Six Months Ended
July 31,
2024202320242023
United States$80,233 $65,114 $155,872 $123,617 
International65,266 49,993 125,086 93,270 
Total$145,499 $115,107 $280,958 $216,887 

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 July 31, 2024 and January 31, 2024, respectively.

Contract Balances

Contract Assets

Contract assets as of July 31, 2024 and January 31, 2024 were $0.4 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 six months ended July 31, 2024 from amounts included in deferred revenue at January 31, 2024, was $59.9 million and $158.3 million, respectively. Revenue recognized during the three and six months ended July 31, 2023 from amounts included in deferred revenue at January 31, 2023, was $51.1 million and $128.2 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 losses369 
Deferred revenue1,659 
Write-offs(2,304)
Recoveries190 
Balance at July 31, 2024
$2,686 

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
July 31, 2023$523.5 $353.3 $170.2 
October 31, 2023560.1 369.9 190.2 
January 31, 2024639.2 409.1 230.1 
April 30, 2024657.3 419.8 237.5 
July 31, 2024689.6 438.3 251.3 
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Variable Interest Entity and Redeemable Non-Controlling Interest
 6 Months Ended
Jul. 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 July 31, 2024, the liability balance was $0.8 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(216)
Balance as of July 31, 2024
$(24)
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Fair Value Measurements
 6 Months Ended
Jul. 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):
July 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$22,478 $— $— $22,478 
Total cash equivalents22,478 — — 22,478 
Marketable securities
U.S. government securities$314,323 $— $— $314,323 
Foreign securities— 6,359 — 6,359 
Corporate debt securities— 104,218 — 104,218 
Total marketable securities314,323 110,577 — 424,900 
Liabilities
Contingent consideration$— $— $86 $86 
Total liabilities— — 86 86 
Total financial assets$336,801 $110,577 $86 $447,464 
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 July 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
July 31,		Six Months Ended
July 31,
2024202320242023
Beginning fair value $86 $— $223 $— 
Additions/adjustments in the period
— 1,593 (137)1,593 
Ending fair value$86 $1,593 $86 $1,593 
v3.24.2.u1
Marketable Securities
 6 Months Ended
Jul. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities Marketable Securities
Marketable securities consist of the following for the periods presented (in thousands):
July 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$314,133 $681 $(491)$314,323 
Foreign securities6,346 19 (6)6,359 
Corporate debt securities103,723 533 (38)104,218 
Total$424,202 $1,233 $(535)$424,900 
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 $4.4 million as of July 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 are two and a half years 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):
July 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$106,926 $(401)
Foreign securities1,333 (3)
Corporate debt securities11,905 (25)
Total$120,164 $(429)

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 July 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 July 31, 2024 was primarily related to the continued market volatility associated with market expectations of an aggressive pace of interest rate increases by the Federal Reserve. 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 July 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 July 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):
July 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$187,881 $187,512 
Due in 1 year through 5 years236,321 237,388 
Total$424,202 $424,900 
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
July 31,		Six Months Ended
July 31,
2024202320242023
Interest income$4,455 $3,245 $8,615 $6,173 
Accretion/amortization of discount/premium, net
556 520 1,043 991 
Investment income$5,011 $3,765 $9,658 $7,164 
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Property and Equipment, Net
 6 Months Ended
Jul. 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):
July 31,
2024		January 31,
2024
Capitalized internal-use software$16,420 $13,071 
Computer equipment, office equipment, and software10,117 7,411 
Leasehold improvements21,118 18,789 
Furniture and fixtures8,085 4,223 
Total property and equipment55,740 43,494 
Less: accumulated depreciation and amortization(16,150)(14,136)
Total property and equipment, net$39,590 $29,358 

During the three months ended July 31, 2024, the total depreciation expense and amortization expense for property and equipment was $2.4 million. During the three months ended July 31, 2024, the Company wrote off $0.2 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 six months ended July 31, 2024, the total depreciation expense and amortization expense for property and equipment was $4.6 million, inclusive of $0.3 million net book value for fixed assets written off during the quarter. During the six months ended July 31, 2024, the Company wrote off $2.3 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 six months ended July 31, 2023, total depreciation and amortization expense for property and equipment was $1.5 million and $2.7 million, respectively. During the three and six months ended July 31, 2023, the Company removed $0.2 million and $0.5 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 $1.7 million and $1.2 million during the three months ended July 31, 2024 and 2023, respectively, and $3.3 million and $2.5 million during the six months ended July 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 $0.6 million for the three months ended July 31, 2024 and 2023, respectively, and $1.5 million and $1.1 million during the six months ended July 31, 2024 and 2023, respectively.
v3.24.2.u1
Prepaid Expenses and Other Current Assets
 6 Months Ended
Jul. 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):
July 31,
2024		January 31,
2024
Prepaid software subscriptions$12,364 $14,864 
Prepaid advertising4,238 918 
Prepaid insurance1,031 1,881 
Investment interest receivable4,363 3,426 
Consumption tax receivable2,652 1,606 
Prepaid employee benefits625 902 
Other5,873 5,769 
Total prepaid expenses and other current assets$31,146 $29,366 
v3.24.2.u1
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jul. 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):
July 31,
2024		January 31,
2024
Accrued compensation costs$24,930 $26,912 
Accrued software subscriptions16,827 10,956 
Accrued commissions6,300 7,440 
Accrued professional service fees2,177 1,555 
Accrued advertising1,235 1,662 
Accrued tax liability8,411 9,048 
ESPP payable1,221 594 
Other4,063 5,097 
Total accrued expenses and other current liabilities$65,164 $63,264 
v3.24.2.u1
Employee Benefit Plans
 6 Months Ended
Jul. 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 $1.1 million and $1.2 million for the three months ended July 31, 2024 and 2023, respectively, and $3.7 million and $3.6 million during the six months ended July 31, 2024 and 2023, respectively.
v3.24.2.u1
Stockholder’s Equity (Deficit)
 6 Months Ended
Jul. 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 $1.3 million and $1.0 million of expense within general
and administrative in the consolidated statements of operations during the three months ended July 31, 2024 and 2023, respectively.

We donated 32,155 and 32,155 shares of our Class A common stock that resulted in the recognition of $1.3 million and $1.0 million of expense within general and administrative in the consolidated statements of operations during the six months ended July 31, 2024 and 2023, respectively.
v3.24.2.u1
Employee Stock Plans
 6 Months Ended
Jul. 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
Granted2,044,022$50.94 
Vested(1,164,367)$38.50 
Forfeited(291,373)$38.10 
Balance as of July 31, 2024
6,852,021

RSUs granted during the six months ended July 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
July 31,		Six Months Ended
July 31,
2024202320242023
Cost of revenue$1,078 $901 $2,042 $1,790 
Sales and marketing9,892 7,807 19,337 15,655 
Research and development11,448 9,929 22,280 19,772 
General and administrative7,404 6,139 14,441 11,705 
Stock-based compensation, net of amounts capitalized$29,822 $24,776 $58,100 $48,922 
Capitalized stock-based compensation expense645 454 1,242 934 
Total stock-based compensation expense$30,467 $25,230 $59,342 $49,856 

As of July 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)$18,608$201,739
Weighted-average remaining recognition period (years)1.352.68

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 $0.5 million and $0.6 million of stock-based compensation expense related to the ESPP in the three months ended July 31, 2024 and 2023, respectively, and $1.3 million and $1.4 million during the six months ended July 31, 2024 and 2023, respectively.

As of July 31, 2024, $1.2 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.
During the three months ended July 31, 2024, the Company issued 148,914 shares of Class A common stock under the ESPP. As of July 31, 2024, 4,208,260 shares of Class A common stock remain available for issuance under the ESPP.
v3.24.2.u1
Commitments and Contingencies
 6 Months Ended
Jul. 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 $1.5 million and $1.0 million as of July 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 July 31, 2024, we believe that no material loss will be incurred in excess of the amounts recognized in our financial statements.
v3.24.2.u1
Leases
 6 Months Ended
Jul. 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
July 31,		Six Months Ended
July 31,
2024202320242023
Operating lease cost$4,295 $3,862 $9,836 $7,513 
Variable lease cost60 778 870 1,450 
Short-term lease cost129 97 231 385 
Total net lease cost$4,484 $4,737 $10,937 $9,348 


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

Amount
Remainder of 2025$8,226 
202616,356 
202715,506 
202813,210 
202912,652 
Thereafter51,302 
Total future undiscounted lease payments$117,252 
Less: imputed interest(29,365)
Total reported lease liability$87,887 
The Company's lease terms and discount rates are as follows:
July 31,
20242023
Weighted-average remaining lease term (years)7.96.2
Weighted-average discount rate7.3 %5.6 %

Other information for the Company's leases is as follows (in thousands):
Six Months Ended
July 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities$7,381$5,788
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$1,837$1,524

Sydney Lease Agreement

In May 2024, the Company entered into a lease agreement for a new office space in Sydney, Australia. The lease commencement date, which is when the premises will become available to the Company for use, is expected to be in the fourth quarter of fiscal year ended January 31, 2025. The Company is obligated to pay $0.1 million per month beginning in the fourth quarter of fiscal year ended January 31, 2025 through the third quarter of fiscal 2030, the expiration date.
v3.24.2.u1
Income Taxes
 6 Months Ended
Jul. 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 $0.7 million and $0.5 million for the three months ended July 31, 2024 and 2023, respectively. The effective tax rate for the three months ended July 31, 2024 and 2023 was (3.1)% and (1.7)%, respectively. The Company recorded an income tax provision of $1.5 million and $0.9 million for the six months ended July 31, 2024 and 2023, respectively. The effective tax rate for the six months ended July 31, 2024 and 2023 was (2.6)% and (1.3)%, respectively.

The provision for income taxes recorded for the three and six months ended July 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.
v3.24.2.u1
Net Loss Per Share
 6 Months Ended
Jul. 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
July 31,		Six Months Ended
July 31,
2024202320242023
Numerator:
Net loss attributable to Braze, Inc.$(22,999)$(31,694)$(58,640)$(70,148)
Denominator:
Weighted-average shares of Braze, Inc. common stock outstanding101,449 97,187 101,239 97,037 
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase— (7)— (14)
Weighted-average shares used to calculate net loss per share attributable to Braze, Inc. common stockholders, basic and diluted101,449 97,180 101,239 97,023 
Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted$(0.23)$(0.33)$(0.58)$(0.72)
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
July 31,		Six Months Ended
July 31,
2024202320242023
Options to purchase common stock5,685 6,846 5,685 14,286 
Restricted stock units6,852 7,020 6,852 14,354 
ESPP shares estimated to be purchased57 96 57 96 
Total12,594 13,962 12,594 28,736 
v3.24.2.u1
Related Party Transactions
 6 Months Ended
Jul. 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 July 31, 2024 and 2023, respectively, and $1.8 million and $1.2 million during the six months ended July 31, 2024 and 2023, respectively.
v3.24.2.u1
Restructuring
 6 Months Ended
Jul. 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 during the three months ended July 31, 2024.

During the three months ended July 31, 2023, $0.6 million of restructuring costs were recognized.
v3.24.2.u1
Business Combination
 6 Months Ended
Jul. 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 $26.9 million consisted of cash payments of $17.6 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 July 31, 2024, the Company maintains the contingent consideration liability of $0.1 million which represents the liability for the second earn-out period.

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 six months ended July 31, 2024.
v3.24.2.u1
Intangible Assets, Net
 6 Months Ended
Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net, consisted of the following (in thousands):

July 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(364)$2,755 10 years
Restrictive covenant relationships186 (109)77 2 years
Trademark465 (465)— 1 year
Total amortizable intangible assets3,770 (938)2,832 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(938)$3,332 

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 $0.1 million for the three months ended July 31, 2024 and 2023, respectively, and $0.3 million and $0.1 million during the six months ended July 31, 2024 and 2023, respectively.

The future intangible amortization expense by fiscal year is as follows (in thousands):
Amount
Remainder of 2025$202 
2026343 
2027312 
2028312 
2029312 
Thereafter1,351 
Total$2,832 
v3.24.2.u1
Goodwill
 6 Months Ended
Jul. 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 July 31, 2024
$28,448 
v3.24.2.u1
Subsequent Events
 6 Months Ended
Jul. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In August 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 $1.4 million of operating expense.

In August 2024, the Company granted RSUs for a total of 225,121 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 $9.7 million.
v3.24.2.u1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jul. 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 six months ended July 31, 2024 and July 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.

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.
v3.24.2.u1
Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jul. 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
July 31,		Six Months Ended
July 31,
2024202320242023
Subscription$139,960 $109,711 $270,108 $206,857 
Professional services and other5,539 5,396 10,850 10,030 
Total$145,499 $115,107 $280,958 $216,887 
Schedule of Total Revenue by Geography
The following table presents total revenue by geography (in thousands):

Three Months Ended
July 31,		Six Months Ended
July 31,
2024202320242023
United States$80,233 $65,114 $155,872 $123,617 
International65,266 49,993 125,086 93,270 
Total$145,499 $115,107 $280,958 $216,887 
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 losses369 
Deferred revenue1,659 
Write-offs(2,304)
Recoveries190 
Balance at July 31, 2024
$2,686 
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
July 31, 2023$523.5 $353.3 $170.2 
October 31, 2023560.1 369.9 190.2 
January 31, 2024639.2 409.1 230.1 
April 30, 2024657.3 419.8 237.5 
July 31, 2024689.6 438.3 251.3 
v3.24.2.u1
Variable Interest Entity and Redeemable Non-Controlling Interest (Tables)
 6 Months Ended
Jul. 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(216)
Balance as of July 31, 2024
$(24)
v3.24.2.u1
Fair Value Measurements (Tables)
 6 Months Ended
Jul. 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):
July 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$22,478 $— $— $22,478 
Total cash equivalents22,478 — — 22,478 
Marketable securities
U.S. government securities$314,323 $— $— $314,323 
Foreign securities— 6,359 — 6,359 
Corporate debt securities— 104,218 — 104,218 
Total marketable securities314,323 110,577 — 424,900 
Liabilities
Contingent consideration$— $— $86 $86 
Total liabilities— — 86 86 
Total financial assets$336,801 $110,577 $86 $447,464 
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
July 31,		Six Months Ended
July 31,
2024202320242023
Beginning fair value $86 $— $223 $— 
Additions/adjustments in the period
— 1,593 (137)1,593 
Ending fair value$86 $1,593 $86 $1,593 
v3.24.2.u1
Marketable Securities (Tables)
 6 Months Ended
Jul. 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):
July 31, 2024
Cost or Amortized CostGross Unrealized GainsGross Unrealized LossesTotal Estimated Fair Value
U.S. government securities$314,133 $681 $(491)$314,323 
Foreign securities6,346 19 (6)6,359 
Corporate debt securities103,723 533 (38)104,218 
Total$424,202 $1,233 $(535)$424,900 
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):
July 31, 2024
Continuous Unrealized Loss for Greater than 12 months
Estimated Fair ValueGross Unrealized Losses
U.S. government securities$106,926 $(401)
Foreign securities1,333 (3)
Corporate debt securities11,905 (25)
Total$120,164 $(429)

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):
July 31, 2024
Amortized CostEstimated Fair Value
Due within 1 year$187,881 $187,512 
Due in 1 year through 5 years236,321 237,388 
Total$424,202 $424,900 
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
July 31,		Six Months Ended
July 31,
2024202320242023
Interest income$4,455 $3,245 $8,615 $6,173 
Accretion/amortization of discount/premium, net
556 520 1,043 991 
Investment income$5,011 $3,765 $9,658 $7,164 
v3.24.2.u1
Property and Equipment, Net (Tables)
 6 Months Ended
Jul. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and equipment, net
Property and equipment, net, consist of the following (in thousands):
July 31,
2024		January 31,
2024
Capitalized internal-use software$16,420 $13,071 
Computer equipment, office equipment, and software10,117 7,411 
Leasehold improvements21,118 18,789 
Furniture and fixtures8,085 4,223 
Total property and equipment55,740 43,494 
Less: accumulated depreciation and amortization(16,150)(14,136)
Total property and equipment, net$39,590 $29,358 
v3.24.2.u1
Prepaid Expenses and Other Current Assets (Tables)
 6 Months Ended
Jul. 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):
July 31,
2024		January 31,
2024
Prepaid software subscriptions$12,364 $14,864 
Prepaid advertising4,238 918 
Prepaid insurance1,031 1,881 
Investment interest receivable4,363 3,426 
Consumption tax receivable2,652 1,606 
Prepaid employee benefits625 902 
Other5,873 5,769 
Total prepaid expenses and other current assets$31,146 $29,366 
v3.24.2.u1
Accrued Expenses and Other Current Liabilities (Tables)
 6 Months Ended
Jul. 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):
July 31,
2024		January 31,
2024
Accrued compensation costs$24,930 $26,912 
Accrued software subscriptions16,827 10,956 
Accrued commissions6,300 7,440 
Accrued professional service fees2,177 1,555 
Accrued advertising1,235 1,662 
Accrued tax liability8,411 9,048 
ESPP payable1,221 594 
Other4,063 5,097 
Total accrued expenses and other current liabilities$65,164 $63,264 
v3.24.2.u1
Employee Stock Plans (Tables)
 6 Months Ended
Jul. 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
Granted2,044,022$50.94 
Vested(1,164,367)$38.50 
Forfeited(291,373)$38.10 
Balance as of July 31, 2024
6,852,021
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
July 31,		Six Months Ended
July 31,
2024202320242023
Cost of revenue$1,078 $901 $2,042 $1,790 
Sales and marketing9,892 7,807 19,337 15,655 
Research and development11,448 9,929 22,280 19,772 
General and administrative7,404 6,139 14,441 11,705 
Stock-based compensation, net of amounts capitalized$29,822 $24,776 $58,100 $48,922 
Capitalized stock-based compensation expense645 454 1,242 934 
Total stock-based compensation expense$30,467 $25,230 $59,342 $49,856 
Schedule of Compensation Cost Not Yet Recognized
As of July 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)$18,608$201,739
Weighted-average remaining recognition period (years)1.352.68
v3.24.2.u1
Leases (Tables)
 6 Months Ended
Jul. 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
July 31,		Six Months Ended
July 31,
2024202320242023
Operating lease cost$4,295 $3,862 $9,836 $7,513 
Variable lease cost60 778 870 1,450 
Short-term lease cost129 97 231 385 
Total net lease cost$4,484 $4,737 $10,937 $9,348 
The Company's lease terms and discount rates are as follows:
July 31,
20242023
Weighted-average remaining lease term (years)7.96.2
Weighted-average discount rate7.3 %5.6 %

Other information for the Company's leases is as follows (in thousands):
Six Months Ended
July 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities$7,381$5,788
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities$1,837$1,524
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$8,226 
202616,356 
202715,506 
202813,210 
202912,652 
Thereafter51,302 
Total future undiscounted lease payments$117,252 
Less: imputed interest(29,365)
Total reported lease liability$87,887 
v3.24.2.u1
Net Loss Per Share (Tables)
 6 Months Ended
Jul. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share
Three Months Ended
July 31,		Six Months Ended
July 31,
2024202320242023
Numerator:
Net loss attributable to Braze, Inc.$(22,999)$(31,694)$(58,640)$(70,148)
Denominator:
Weighted-average shares of Braze, Inc. common stock outstanding101,449 97,187 101,239 97,037 
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase— (7)— (14)
Weighted-average shares used to calculate net loss per share attributable to Braze, Inc. common stockholders, basic and diluted101,449 97,180 101,239 97,023 
Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted$(0.23)$(0.33)$(0.58)$(0.72)
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
July 31,		Six Months Ended
July 31,
2024202320242023
Options to purchase common stock5,685 6,846 5,685 14,286 
Restricted stock units6,852 7,020 6,852 14,354 
ESPP shares estimated to be purchased57 96 57 96 
Total12,594 13,962 12,594 28,736 
v3.24.2.u1
Intangible Assets, Net (Tables)
 6 Months Ended
Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Intangible assets, net, consisted of the following (in thousands):

July 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountAmortization Period
Amortizable intangible assets
Customer relationships$3,119 $(364)$2,755 10 years
Restrictive covenant relationships186 (109)77 2 years
Trademark465 (465)— 1 year
Total amortizable intangible assets3,770 (938)2,832 
Non-amortizable intangible assets
Technology licenses$500 $— $500 n/a
Total intangible assets, net$4,270 $(938)$3,332 

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$202 
2026343 
2027312 
2028312 
2029312 
Thereafter1,351 
Total$2,832 
v3.24.2.u1
Goodwill (Tables)
 6 Months Ended
Jul. 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 July 31, 2024
$28,448 
v3.24.2.u1
Summary of Significant Accounting Policies - Narrative (Details)
 12 Months Ended
Jan. 31, 2024
Accounts Receivable Benchmark | Customer Concentration Risk | One Customer  
Product Information [Line Items]  
Concentration risk 11.00%
v3.24.2.u1
Revenue from Contracts with Customers - Disaggregation of Revenue by Type (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 145,499 $ 115,107 $ 280,958 $ 216,887
Subscription        
Disaggregation of Revenue [Line Items]        
Revenue 139,960 109,711 270,108 206,857
Professional services and other        
Disaggregation of Revenue [Line Items]        
Revenue $ 5,539 $ 5,396 $ 10,850 $ 10,030
v3.24.2.u1
Revenue from Contracts with Customers - Disaggregation of Revenue by Geography (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 145,499 $ 115,107 $ 280,958 $ 216,887
United States        
Disaggregation of Revenue [Line Items]        
Revenue 80,233 65,114 155,872 123,617
International        
Disaggregation of Revenue [Line Items]        
Revenue $ 65,266 $ 49,993 $ 125,086 $ 93,270
v3.24.2.u1
Revenue from Contracts with Customers - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Jan. 31, 2024
Revenue from Contract with Customer [Abstract]          
Unbilled receivables $ 1.1   $ 1.1   $ 1.5
Contract asset 0.4   0.4   $ 0.9
Revenue recognized from previously recorded contract liabilities $ 59.9 $ 51.1 $ 158.3 $ 128.2  
v3.24.2.u1
Revenue from Contracts with Customers - Allowance for Credit Loss Rollforward (Details)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]  
Beginning balance $ 2,772
Credit losses 369
Deferred revenue 1,659
Write-offs (2,304)
Recoveries 190
Ending balance $ 2,686
v3.24.2.u1
Revenue from Contracts with Customers - Remaining Performance Obligations (Details) - USD ($)
$ in Millions
Jul. 31, 2024
Apr. 30, 2024
Jan. 31, 2024
Oct. 31, 2023
Jul. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, remaining performance obligation, amount $ 689.6 $ 657.3 $ 639.2 $ 560.1 $ 523.5
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         $ 353.3
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       $ 369.9  
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     $ 409.1    
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   $ 419.8      
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 $ 438.3       $ 170.2
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       $ 190.2  
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     $ 230.1    
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   $ 237.5      
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 $ 251.3        
Revenue, remaining performance obligation, period 4 years        
v3.24.2.u1
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
Jul. 31, 2024
Noncontrolling Interest [Line Items]        
Other long-term liability, deferred compensation       $ 0.8
Braze KK        
Noncontrolling Interest [Line Items]        
Consideration received $ 5.0 $ 5.0 $ 10.0  
v3.24.2.u1
Variable Interest Entity and Redeemable Non-Controlling Interest - Redeemable Noncontrolling Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Noncontrolling Interest [Roll Forward]        
Beginning balance $ 126 $ 1,083 $ 192 $ 1,455
Net loss attributable to redeemable non-controlling interest (150) (355) (216) (727)
Ending balance $ (24) $ 728 $ (24) $ 728
v3.24.2.u1
Fair Value Measurements - Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents $ 22,478 $ 27,754
Marketable securities 424,900 407,898
Contingent consideration 86 223
Total liabilities 86 223
Total financial assets 447,464 435,875
Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 314,323 318,957
Foreign securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 6,359 6,367
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 104,218 82,574
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 22,478 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 22,478 27,754
Marketable securities 314,323 318,957
Contingent consideration 0 0
Total liabilities 0 0
Total financial assets 336,801 346,711
Level 1 | Total marketable securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 314,323 318,957
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 22,478 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 110,577 88,941
Contingent consideration 0 0
Total liabilities 0 0
Total financial assets 110,577 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 6,359 6,367
Level 2 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 104,218 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 86 223
Total liabilities 86 223
Total financial assets 86 223
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
v3.24.2.u1
Fair Value Measurements - Summary of Fair Value Changes in Contingent Consideration Liability (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning fair value $ 86 $ 0 $ 223 $ 0
Adjustments in the period 0 1,593 (137) 1,593
Ending fair value $ 86 $ 1,593 $ 86 $ 1,593
v3.24.2.u1
Marketable Securities - Components of Marketable Securities (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost $ 424,202 $ 408,060
Gross Unrealized Gains 1,233 1,153
Gross Unrealized Losses (535) (1,315)
Total Estimated Fair Value 424,900 407,898
U.S. government securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 314,133 319,343
Gross Unrealized Gains 681 782
Gross Unrealized Losses (491) (1,168)
Total Estimated Fair Value 314,323 318,957
Foreign securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 6,346 6,349
Gross Unrealized Gains 19 31
Gross Unrealized Losses (6) (13)
Total Estimated Fair Value 6,359 6,367
Corporate debt securities    
Debt Securities, Available-for-sale [Line Items]    
Cost or Amortized Cost 103,723 82,368
Gross Unrealized Gains 533 340
Gross Unrealized Losses (38) (134)
Total Estimated Fair Value $ 104,218 $ 82,574
v3.24.2.u1
Marketable Securities - Narrative (Details) - USD ($)
Jul. 31, 2024
Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]    
Accrued interest receivable $ 4,400,000 $ 3,400,000
Allowance for credit loss $ 0  
v3.24.2.u1
Marketable Securities - Continuous Loss Position (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value $ 120,164 $ 129,796
Gross Unrealized Losses (429) (865)
Total marketable securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value 106,926 99,613
Gross Unrealized Losses (401) (741)
Foreign securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value 1,333 1,325
Gross Unrealized Losses (3) (11)
Corporate debt securities    
Debt Securities, Available-for-sale [Line Items]    
Estimated Fair Value 11,905 28,858
Gross Unrealized Losses $ (25) $ (113)
v3.24.2.u1
Marketable Securities - Contractual Maturity (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Amortized Cost    
Due within 1 year $ 187,881 $ 173,481
Due in 1 year through 5 years 236,321 234,579
Cost or Amortized Cost 424,202 408,060
Estimated Fair Value    
Due within 1 year 187,512 172,520
Due in 1 year through 5 years 237,388 235,378
Total Estimated Fair Value $ 424,900 $ 407,898
v3.24.2.u1
Marketable Securities - Investment Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Investments, Debt and Equity Securities [Abstract]        
Interest income $ 4,455 $ 3,245 $ 8,615 $ 6,173
Accretion/amortization of discount/premium, net 556 520 1,043 991
Investment income $ 5,011 $ 3,765 $ 9,658 $ 7,164
v3.24.2.u1
Property and Equipment, Net (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Jan. 31, 2024
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross $ 55,740   $ 55,740   $ 43,494
Less: accumulated depreciation and amortization (16,150)   (16,150)   (14,136)
Total property and equipment, net 39,590   39,590   29,358
Depreciation and amortization 2,400 $ 1,500 4,600 $ 2,700  
Capitalized internal-use software 1,700 1,200 3,300 2,500  
Removal of fixed assets 200   2,300    
Assets written off   200 300 500  
Cost of revenue          
Property, Plant and Equipment [Line Items]          
Amortization for capital internal-use software (800) $ (600) (1,500) $ (1,100)  
Capitalized internal-use software          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 16,420   16,420   13,071
Computer equipment, office equipment, and software          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 10,117   10,117   7,411
Leasehold improvements          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross 21,118   21,118   18,789
Furniture and fixtures          
Property, Plant and Equipment [Line Items]          
Property, plant and equipment, gross $ 8,085   $ 8,085   $ 4,223
v3.24.2.u1
Prepaid Expenses and Other Current Assets - Summary (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid software subscriptions $ 12,364 $ 14,864
Prepaid advertising 4,238 918
Prepaid insurance 1,031 1,881
Investment interest receivable 4,363 3,426
Consumption tax receivable 2,652 1,606
Prepaid employee benefits 625 902
Other 5,873 5,769
Total prepaid expenses and other current assets $ 31,146 $ 29,366
v3.24.2.u1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Payables and Accruals [Abstract]    
Accrued compensation costs $ 24,930 $ 26,912
Accrued software subscriptions 16,827 10,956
Accrued commissions 6,300 7,440
Accrued professional service fees 2,177 1,555
Accrued advertising 1,235 1,662
Accrued tax liability 8,411 9,048
ESPP payable 1,221 594
Other 4,063 5,097
Total accrued expenses and other current liabilities $ 65,164 $ 63,264
v3.24.2.u1
Employee Benefit Plans (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Retirement Benefits [Abstract]        
Contributions $ 1.1 $ 1.2 $ 3.7 $ 3.6
v3.24.2.u1
Stockholder’s Equity (Deficit) (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 31, 2024
USD ($)
vote
class
shares
Jul. 31, 2023
USD ($)
shares
Jul. 31, 2024
USD ($)
vote
class
shares
Jul. 31, 2023
USD ($)
shares
Class of Stock [Line Items]        
Classes of common stock (in classes) | class 2   2  
Threshold for conversion 10.00%   10.00%  
Charitable donation | $ $ 1.3 $ 1.0 $ 1.3 $ 1.0
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 32,155 32,155
Class B common stock        
Class of Stock [Line Items]        
Votes per share (in votes) 10   10  
v3.24.2.u1
Employee Stock Plans - Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Feb. 01, 2023
Nov. 30, 2021
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Nov. 16, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Stock-based compensation     $ 29,822 $ 24,776 $ 58,100 $ 48,922  
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)     148,914        
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     $ 500 $ 600 $ 1,300 $ 1,400  
Share-based compensation amount withheld from employees for future purchase     $ 1,200   $ 1,200    
Number available for grant (in share)     4,208,260   4,208,260    
v3.24.2.u1
Employee Stock Plans - Schedule of Summarized Unvested RSU Award Activity (Details) - RSUs
 6 Months Ended
Jul. 31, 2024
$ / shares
shares
Stock units  
Beginning balance, outstanding (in shares) | shares 6,263,739
Granted (in shares) | shares 2,044,022
Vested (in shares) | shares (1,164,367)
Forfeited (in shares) | shares (291,373)
Ending balance, outstanding (in shares) | shares 6,852,021
Weighted-Average Grant Date Fair Value  
Beginning balance (in dollars per share) | $ / shares
Granted (in dollars per share) | $ / shares 50.94
Vested (in dollars per share) | $ / shares 38.50
Forfeited (in dollars per share) | $ / shares 38.10
Ending balance (in dollars per share) | $ / shares
v3.24.2.u1
Employee Stock Plans - Stock-Based Compensation Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation $ 29,822 $ 24,776 $ 58,100 $ 48,922
Capitalized stock-based compensation expense 645 454 1,242 934
Total stock-based compensation expense 30,467 25,230 59,342 49,856
Cost of revenue        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 1,078 901 2,042 1,790
Sales and marketing        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 9,892 7,807 19,337 15,655
Research and development        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation 11,448 9,929 22,280 19,772
General and administrative        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Stock-based compensation $ 7,404 $ 6,139 $ 14,441 $ 11,705
v3.24.2.u1
Employee Stock Plans - Compensation Cost Not Yet Recognized (Details)
 6 Months Ended
Jul. 31, 2024
USD ($)
Stock Options  
Share-Based Payment Arrangement [Abstract]  
Weighted-average remaining recognition period (years) 1 year 4 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs (in thousands) $ 18,608
Weighted-average remaining recognition period (years) 1 year 4 months 6 days
RSUs  
Share-Based Payment Arrangement [Abstract]  
Unrecognized compensation costs (in thousands) $ 201,739
Weighted-average remaining recognition period (years) 2 years 8 months 4 days
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs (in thousands) $ 201,739
Weighted-average remaining recognition period (years) 2 years 8 months 4 days
v3.24.2.u1
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Jul. 31, 2024
Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]    
Taxes payable $ 1.5 $ 1.0
v3.24.2.u1
Leases - Narrative (Details) - USD ($)
$ in Millions
Jul. 31, 2024
May 31, 2024
Lessee, Lease, Description [Line Items]    
Lessee, Operating Lease, Monthly Payment   $ 0.1
Minimum    
Lessee, Lease, Description [Line Items]    
Term of contract 1 year  
Maximum    
Lessee, Lease, Description [Line Items]    
Term of contract 10 years  
v3.24.2.u1
Leases - Schedule of Lease, Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Leases [Abstract]        
Operating lease cost $ 4,295 $ 3,862 $ 9,836 $ 7,513
Variable lease cost 60 778 870 1,450
Short-term lease cost 129 97 231 385
Total net lease cost $ 4,484 $ 4,737 $ 10,937 $ 9,348
v3.24.2.u1
Leases - Maturities of Operating Lease Liabilities (Details)
$ in Thousands
Jul. 31, 2024
USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]  
Remainder of 2025 $ 8,226
2026 16,356
2027 15,506
2028 13,210
2029 12,652
Thereafter 51,302
Total future undiscounted lease payments 117,252
Less: imputed interest (29,365)
Total reported lease liability $ 87,887
v3.24.2.u1
Leases - Lease Terms and Discount Rates (Details)
Jul. 31, 2024
Jul. 31, 2023
Leases [Abstract]    
Weighted-average remaining lease term (years) 7 years 10 months 24 days 6 years 2 months 12 days
Weighted-average discount rate 7.30% 5.60%
v3.24.2.u1
Leases - Other Information for the Company's Leases (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Leases [Abstract]    
Cash paid for amounts included in the measurement of lease liabilities $ 7,381 $ 5,788
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 1,837 $ 1,524
v3.24.2.u1
Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Income Tax Disclosure [Abstract]        
Provision for income taxes $ 702 $ 545 $ 1,500 $ 933
Effective tax rate (3.10%) (1.70%) (2.60%) (1.30%)
v3.24.2.u1
Net Loss Per Share - Schedule of Net Loss Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Numerator:        
Net loss attributable to Braze, Inc. $ (22,999) $ (31,694) $ (58,640) $ (70,148)
Denominator:        
Weighted-average shares of Braze, Inc. common stock outstanding, basic (in shares) 101,449 97,187 101,239 97,037
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase (in shares) 0 (7) 0 (14)
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, basic (in shares) 101,449 97,180 101,239 97,023
Weighted-average shares used to compute net loss per share attributable to Braze, Inc. common stockholders, diluted (in shares) 101,449 97,180 101,239 97,023
Net loss per share:        
Net loss per share attributable to Braze, Inc. common stockholders, basic (in dollars per share) $ (0.23) $ (0.33) $ (0.58) $ (0.72)
Net loss per share attributable to Braze, Inc. common stockholders, diluted (in dollars per share) $ (0.23) $ (0.33) $ (0.58) $ (0.72)
v3.24.2.u1
Net Loss Per Share - Schedule of Potentially Dilutive Securities (Details) - shares
shares in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of loss per share (in shares) 12,594 13,962 12,594 28,736
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) 5,685 6,846 5,685 14,286
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) 6,852 7,020 6,852 14,354
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) 57 96 57 96
v3.24.2.u1
Related Party Transactions - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Related Party Transactions [Abstract]        
Purchases from related party $ 0.4 $ 0.4 $ 1.8 $ 1.2
v3.24.2.u1
Restructuring (Details) - USD ($)
$ in Millions
 3 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Restructuring and Related Activities [Abstract]    
Restructuring costs $ 0.0 $ 0.6
v3.24.2.u1
Business Combination (Details) - USD ($)
$ in Thousands
Jun. 01, 2023
Jul. 31, 2024
Jan. 31, 2024
Business Acquisition [Line Items]      
Contingent consideration   $ 86 $ 223
Goodwill   28,448 $ 28,448
North Star Y, Pty Ltd      
Business Acquisition [Line Items]      
Consideration transferred $ 26,900    
Purchase price consideration, cash payments 17,600    
Purchase price consideration, equity issued 6,100    
Contingent consideration 1,800 100  
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  
v3.24.2.u1
Intangible Assets, Net - Schedule of Intangible Assets, Net (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount $ 3,770   $ 3,770   $ 3,770
Accumulated Amortization (938)   (938)   (580)
Total 2,832   2,832   3,190
Non-amortizable intangible assets 500   500   500
Total intangible assets, gross 4,270   4,270   4,270
Intangible assets, net 3,332   3,332   3,690
Intangible amortization expense 100 $ 100 300 $ 100  
Customer relationships          
Finite-Lived Intangible Assets [Line Items]          
Gross Carrying Amount 3,119   3,119   3,119
Accumulated Amortization (364)   (364)   (208)
Total $ 2,755   $ 2,755   $ 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 (109)   (109)   (62)
Total $ 77   $ 77   $ 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
v3.24.2.u1
Intangible Assets, Net - Schedule of Future Amortization Expense (Details) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Remainder of 2025 $ 202  
2026 343  
2027 312  
2028 312  
2029 312  
Thereafter 1,351  
Total $ 2,832 $ 3,190
v3.24.2.u1
Goodwill (Details)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
USD ($)
Goodwill [Roll Forward]  
Balance at January 31, 2024 $ 28,448
Acquisition related adjustments 0
Balance at July 31, 2024 $ 28,448
v3.24.2.u1
Subsequent Events (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Aug. 31, 2024
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Subsequent Event [Line Items]          
Charitable donation   $ 1.3 $ 1.0 $ 1.3 $ 1.0
RSUs          
Subsequent Event [Line Items]          
Restricted stock granted during the period (in shares)       2,044,022  
Subsequent Event          
Subsequent Event [Line Items]          
Charitable donation $ 1.4        
Charitable donation (in shares) 32,155        
Subsequent Event | RSUs          
Subsequent Event [Line Items]          
Restricted stock granted during the period (in shares) 225,121        
Award vesting period 4 years        
Aggregate value, outstanding $ 9.7