BRZEBraze, Inc.
Services-Prepackaged Software
- Revenue
- $738M
- 24% YoY
- Operating margin
- -19.6%
- 4.7% YoY
- EBITDA
- −$125M
- 12% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired19% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear23% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $238M | $355M | $472M | $593M | $738M | 24% |
| Operating income | −$78M | −$148M | −$145M | −$122M | −$145M | 18% |
| Net income | −$77M | −$139M | −$129M | −$104M | −$131M | 27% |
| Operating cash flow | −$35M | −$22M | $7M | $37M | $71M | 95% |
| Capex | $2M | $15M | $10M | $13M | $10M | 28% |
| Stock-based comp | $47M | $72M | $97M | $115M | $144M | 25% |
| Buybacks | $0 | $0 | $165K | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $13M · 3
- Net
- −$13M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $14M | $654K | 22 | 191 |
| FY2025 | $11M | $1M | 49 | 147 |
| FY2024 | $12M | $28M | 58 | 112 |
| FY2023 | $667K | −$23M | 34 | 72 |
| FY2022 | $29M | $46M | 54 | 93 |