Braze, Inc. [Rocket]

In millions, except per share items	Jan-31-23	Jan-31-22	Jan-31-21	Jan-31-20
	10-K	10-K	10-K	10-K
Revenues:
UNITED STATES	204.9	142.6	90.5	58.8
Non-US	150.5	95.4	59.7	37.5
Total revenues	355.4	238.0	150.2	96.4
Revenue growth [+]	49.3%	58.5%	55.9%
UNITED STATES	43.7%	57.6%	53.9%
Non-US	57.8%	59.9%	59.0%
Cost of goods sold	115.8	78.5	54.5	35.7
Gross profit	239.6	159.5	95.7	60.7
Gross margin	67.4%	67.0%	63.7%	63.0%
Selling, general and administrative [+]	290.5	178.7	98.6	73.9
Sales and marketing	201.7	127.1	70.7	57.3
General and administrative	88.8	51.6	28.0	16.5
Research and development	97.3	59.0	29.2	20.3
Other operating expenses	-1.2
EBITDA [+]	-142.3	-75.4	-30.6	-32.9
EBITDA growth	88.7%	146.8%	-7.1%
EBITDA margin	-40.0%	-31.7%	-20.3%	-34.1%
Depreciation and amortization	4.6	2.8	1.6	0.6
EBIT [+]	-146.9	-78.2	-32.2	-33.5
EBIT growth	87.9%	143.3%	-4.1%
EBIT margin	-41.3%	-32.9%	-21.4%	-34.8%
Non-recurring items [+]	1.2
Asset impairment	1.2
Interest income	8.7	0.1	0.8	2.1
Interest income	8.7	0.1	0.8	2.1
Other income (expense), net	-0.8	-0.3	-0.1	0.0
Pre-tax income	-140.2	-78.3	-31.4	-31.4
Income taxes	0.6	-0.2	0.5	0.5
Tax rate		0.2%
Net income	-140.7	-78.2	-32.0	-31.8
Net margin	-39.6%	-32.8%	-21.3%	-33.0%

Basic EPS [+]	($1.49)	($2.24)	($1.78)	($1.96)
Growth	-33.6%	25.9%	-9.5%
Diluted EPS [+]	($1.49)	($2.24)	($1.78)	($1.96)
Growth	-33.6%	25.9%	-9.5%

Shares outstanding (basic) [+]	94.6	34.9	18.0	16.2
Growth	171.0%	94.2%	11.0%
Shares outstanding (diluted) [+]	94.6	34.9	18.0	16.2
Growth	171.0%	94.2%	11.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.