vs
Side-by-side financial comparison of Braze, Inc. (BRZE) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Braze, Inc. is the larger business by last-quarter revenue ($190.8M vs $140.7M, roughly 1.4× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -18.9%, a 16.6% gap on every dollar of revenue. On growth, Braze, Inc. posted the faster year-over-year revenue change (25.5% vs 9.1%). Braze, Inc. produced more free cash flow last quarter ($19.0M vs $-7.8M). Over the past eight quarters, Braze, Inc.'s revenue compounded faster (20.7% CAGR vs 8.3%).
Braze, Inc. is an American cloud-based software company based in New York City. It is a customer engagement platform used by businesses for multichannel marketing.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BRZE vs PRPL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $190.8M | $140.7M |
| Net Profit | $-36.0M | $-3.2M |
| Gross Margin | 67.2% | 41.9% |
| Operating Margin | -19.7% | -1.6% |
| Net Margin | -18.9% | -2.3% |
| Revenue YoY | 25.5% | 9.1% |
| Net Profit YoY | -29.0% | 62.1% |
| EPS (diluted) | $-0.33 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $190.8M | $140.7M | ||
| Q3 25 | $180.1M | $118.8M | ||
| Q2 25 | $162.1M | $105.1M | ||
| Q1 25 | $160.4M | $104.2M | ||
| Q4 24 | $152.1M | $129.0M | ||
| Q3 24 | $145.5M | $118.6M | ||
| Q2 24 | $135.5M | $120.3M | ||
| Q1 24 | $131.0M | $120.0M |
| Q4 25 | $-36.0M | $-3.2M | ||
| Q3 25 | $-27.9M | $-11.7M | ||
| Q2 25 | $-35.8M | $-17.3M | ||
| Q1 25 | $-17.2M | $-19.1M | ||
| Q4 24 | $-27.9M | $-8.5M | ||
| Q3 24 | $-23.0M | $-39.2M | ||
| Q2 24 | $-35.6M | $27.0K | ||
| Q1 24 | $-28.3M | $-50.2M |
| Q4 25 | 67.2% | 41.9% | ||
| Q3 25 | 67.7% | 42.8% | ||
| Q2 25 | 68.6% | 35.9% | ||
| Q1 25 | 69.3% | 39.4% | ||
| Q4 24 | 69.8% | 42.9% | ||
| Q3 24 | 70.2% | 29.7% | ||
| Q2 24 | 67.1% | 40.7% | ||
| Q1 24 | 67.2% | 34.8% |
| Q4 25 | -19.7% | -1.6% | ||
| Q3 25 | -21.5% | -10.2% | ||
| Q2 25 | -24.8% | -13.5% | ||
| Q1 25 | -13.4% | -13.9% | ||
| Q4 24 | -21.4% | -6.0% | ||
| Q3 24 | -19.2% | -39.5% | ||
| Q2 24 | -29.6% | -12.1% | ||
| Q1 24 | -24.7% | -19.3% |
| Q4 25 | -18.9% | -2.3% | ||
| Q3 25 | -15.5% | -9.9% | ||
| Q2 25 | -22.1% | -16.5% | ||
| Q1 25 | -10.7% | -18.4% | ||
| Q4 24 | -18.4% | -6.6% | ||
| Q3 24 | -15.8% | -33.1% | ||
| Q2 24 | -26.3% | 0.0% | ||
| Q1 24 | -21.6% | -41.8% |
| Q4 25 | $-0.33 | $0.03 | ||
| Q3 25 | $-0.26 | $0.11 | ||
| Q2 25 | $-0.34 | $0.16 | ||
| Q1 25 | $-0.17 | $0.18 | ||
| Q4 24 | $-0.27 | $0.08 | ||
| Q3 24 | $-0.23 | $0.36 | ||
| Q2 24 | $-0.35 | $0.00 | ||
| Q1 24 | $-0.28 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $97.8M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $602.0M | $-29.7M |
| Total Assets | $1.0B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.8M | $24.3M | ||
| Q3 25 | $81.0M | $32.4M | ||
| Q2 25 | $231.5M | $34.2M | ||
| Q1 25 | $83.1M | $21.6M | ||
| Q4 24 | $61.3M | $29.0M | ||
| Q3 24 | $79.1M | $23.4M | ||
| Q2 24 | $74.8M | $23.4M | ||
| Q1 24 | $68.2M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $602.0M | $-29.7M | ||
| Q3 25 | $598.9M | $-26.9M | ||
| Q2 25 | $474.4M | $-15.6M | ||
| Q1 25 | $474.9M | $1.3M | ||
| Q4 24 | $458.1M | $20.2M | ||
| Q3 24 | $453.7M | $28.0M | ||
| Q2 24 | $436.1M | $66.4M | ||
| Q1 24 | $444.2M | $65.5M |
| Q4 25 | $1.0B | $296.3M | ||
| Q3 25 | $1.0B | $302.1M | ||
| Q2 25 | $889.1M | $303.8M | ||
| Q1 25 | $871.0M | $293.8M | ||
| Q4 24 | $842.0M | $307.8M | ||
| Q3 24 | $825.6M | $309.3M | ||
| Q2 24 | $816.1M | $362.1M | ||
| Q1 24 | $810.9M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.0M | $-5.8M |
| Free Cash FlowOCF − Capex | $19.0M | $-7.8M |
| FCF MarginFCF / Revenue | 10.0% | -5.5% |
| Capex IntensityCapex / Revenue | 1.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $63.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.0M | $-5.8M | ||
| Q3 25 | $7.0M | $-968.0K | ||
| Q2 25 | $24.1M | $-4.0M | ||
| Q1 25 | $17.1M | $-23.1M | ||
| Q4 24 | $-11.4M | $6.8M | ||
| Q3 24 | $11.6M | $1.1M | ||
| Q2 24 | $19.4M | $-8.9M | ||
| Q1 24 | $3.8M | $-16.8M |
| Q4 25 | $19.0M | $-7.8M | ||
| Q3 25 | $4.3M | $-1.8M | ||
| Q2 25 | $23.9M | $-7.0M | ||
| Q1 25 | $16.0M | $-25.3M | ||
| Q4 24 | $-13.3M | $5.7M | ||
| Q3 24 | $8.3M | $101.0K | ||
| Q2 24 | $12.5M | $-11.0M | ||
| Q1 24 | $-2.5M | $-19.9M |
| Q4 25 | 10.0% | -5.5% | ||
| Q3 25 | 2.4% | -1.5% | ||
| Q2 25 | 14.8% | -6.6% | ||
| Q1 25 | 10.0% | -24.3% | ||
| Q4 24 | -8.8% | 4.4% | ||
| Q3 24 | 5.7% | 0.1% | ||
| Q2 24 | 9.2% | -9.2% | ||
| Q1 24 | -1.9% | -16.5% |
| Q4 25 | 1.0% | 1.4% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 0.1% | 2.8% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 1.3% | 0.8% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 5.1% | 1.7% | ||
| Q1 24 | 4.8% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRZE
| Subscription Revenue | $181.7M | 95% |
| Professional Services Revenue | $9.2M | 5% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
