Braze, Inc.
BRZE Technology Software Application
Braze, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $738.2 million, up 24.4% from fiscal 2025. In the quarter to July 2026, revenue grew 26.2%, EPS grew 34.6% and free cash flow grew 515.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
Follow BRZE
Braze, Inc. (BRZE) Piotroski F-score
Braze, Inc.'s Piotroski F-score for fiscal 2026 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2025.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 4 | (2.00) |
| FY2025 | 6 | 0.00 |
| FY2024 | 6 | 3.00 |
| FY2023 | 3 | (2.00) |
| FY2022 | 5 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (13.23%) | (12.34%) | Fail | 0 |
| Positive operating cash flow | 71.44m | 36.68m | Pass | 1 |
| Rising return on assets | (13.23%) | (12.34%) | Fail | 0 |
| Cash flow above net income | 202.73m | 140.42m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 1.35 | 1.98 | Fail | 0 |
| No new shares issued | 107,906,000 | 102,189,000 | Fail | 0 |
| Rising gross margin | 67.15% | 69.13% | Fail | 0 |
| Rising asset turnover | 0.74 | 0.71 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FRSH Freshworks Inc. compare | 8 |
| AGYS Agilysys, Inc. compare | 7 |
| NATL NCR Atleos Corporation compare | 7 |
| SRAD Sportradar Group AG compare | 6 |
| SPSC SPS Commerce, Inc. compare | 6 |
| INTA Intapp, Inc. compare | 5 |
| LIF Life360, Inc. compare | 5 |
| BRZE Braze, Inc. | 4 |
| BULL Webull Corporation compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover