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Side-by-side financial comparison of Braze, Inc. (BRZE) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $190.8M, roughly 1.7× Braze, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs -18.9%, a 24.6% gap on every dollar of revenue. On growth, Braze, Inc. posted the faster year-over-year revenue change (25.5% vs 10.4%). Braze, Inc. produced more free cash flow last quarter ($19.0M vs $-13.3M). Over the past eight quarters, Braze, Inc.'s revenue compounded faster (20.7% CAGR vs 9.5%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
BRZE vs RVLV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $190.8M | $324.4M |
| Net Profit | $-36.0M | $18.6M |
| Gross Margin | 67.2% | 53.3% |
| Operating Margin | -19.7% | 6.3% |
| Net Margin | -18.9% | 5.7% |
| Revenue YoY | 25.5% | 10.4% |
| Net Profit YoY | -29.0% | 50.4% |
| EPS (diluted) | $-0.33 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $180.1M | $295.6M | ||
| Q2 25 | $162.1M | $309.0M | ||
| Q1 25 | $160.4M | $296.7M | ||
| Q4 24 | $152.1M | $293.7M | ||
| Q3 24 | $145.5M | $283.1M | ||
| Q2 24 | $135.5M | $282.5M | ||
| Q1 24 | $131.0M | $270.6M |
| Q4 25 | $-36.0M | $18.6M | ||
| Q3 25 | $-27.9M | $21.2M | ||
| Q2 25 | $-35.8M | $10.2M | ||
| Q1 25 | $-17.2M | $11.8M | ||
| Q4 24 | $-27.9M | $12.3M | ||
| Q3 24 | $-23.0M | $11.0M | ||
| Q2 24 | $-35.6M | $15.4M | ||
| Q1 24 | $-28.3M | $10.9M |
| Q4 25 | 67.2% | 53.3% | ||
| Q3 25 | 67.7% | 54.6% | ||
| Q2 25 | 68.6% | 54.1% | ||
| Q1 25 | 69.3% | 52.0% | ||
| Q4 24 | 69.8% | 52.5% | ||
| Q3 24 | 70.2% | 51.2% | ||
| Q2 24 | 67.1% | 54.0% | ||
| Q1 24 | 67.2% | 52.3% |
| Q4 25 | -19.7% | 6.3% | ||
| Q3 25 | -21.5% | 7.1% | ||
| Q2 25 | -24.8% | 5.8% | ||
| Q1 25 | -13.4% | 5.0% | ||
| Q4 24 | -21.4% | 3.9% | ||
| Q3 24 | -19.2% | 5.0% | ||
| Q2 24 | -29.6% | 5.8% | ||
| Q1 24 | -24.7% | 3.4% |
| Q4 25 | -18.9% | 5.7% | ||
| Q3 25 | -15.5% | 7.2% | ||
| Q2 25 | -22.1% | 3.3% | ||
| Q1 25 | -10.7% | 4.0% | ||
| Q4 24 | -18.4% | 4.2% | ||
| Q3 24 | -15.8% | 3.9% | ||
| Q2 24 | -26.3% | 5.4% | ||
| Q1 24 | -21.6% | 4.0% |
| Q4 25 | $-0.33 | $0.27 | ||
| Q3 25 | $-0.26 | $0.29 | ||
| Q2 25 | $-0.34 | $0.14 | ||
| Q1 25 | $-0.17 | $0.16 | ||
| Q4 24 | $-0.27 | $0.18 | ||
| Q3 24 | $-0.23 | $0.15 | ||
| Q2 24 | $-0.35 | $0.21 | ||
| Q1 24 | $-0.28 | $0.15 |
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 | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $602.0M | $512.5M |
| Total Assets | $1.0B | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.8M | $292.3M | ||
| Q3 25 | $81.0M | $315.4M | ||
| Q2 25 | $231.5M | $310.7M | ||
| Q1 25 | $83.1M | $300.8M | ||
| Q4 24 | $61.3M | $256.6M | ||
| Q3 24 | $79.1M | $252.8M | ||
| Q2 24 | $74.8M | $244.7M | ||
| Q1 24 | $68.2M | $273.4M |
| Q4 25 | $602.0M | $512.5M | ||
| Q3 25 | $598.9M | $490.2M | ||
| Q2 25 | $474.4M | $468.6M | ||
| Q1 25 | $474.9M | $453.4M | ||
| Q4 24 | $458.1M | $437.8M | ||
| Q3 24 | $453.7M | $420.8M | ||
| Q2 24 | $436.1M | $405.8M | ||
| Q1 24 | $444.2M | $389.9M |
| Q4 25 | $1.0B | $765.0M | ||
| Q3 25 | $1.0B | $751.3M | ||
| Q2 25 | $889.1M | $722.9M | ||
| Q1 25 | $871.0M | $713.9M | ||
| Q4 24 | $842.0M | $665.5M | ||
| Q3 24 | $825.6M | $670.9M | ||
| Q2 24 | $816.1M | $657.8M | ||
| Q1 24 | $810.9M | $650.0M |
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 | $-10.2M |
| Free Cash FlowOCF − Capex | $19.0M | $-13.3M |
| FCF MarginFCF / Revenue | 10.0% | -4.1% |
| Capex IntensityCapex / Revenue | 1.0% | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $63.3M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.0M | $-10.2M | ||
| Q3 25 | $7.0M | $11.8M | ||
| Q2 25 | $24.1M | $12.6M | ||
| Q1 25 | $17.1M | $45.1M | ||
| Q4 24 | $-11.4M | $3.9M | ||
| Q3 24 | $11.6M | $9.1M | ||
| Q2 24 | $19.4M | $-24.7M | ||
| Q1 24 | $3.8M | $38.4M |
| Q4 25 | $19.0M | $-13.3M | ||
| Q3 25 | $4.3M | $7.5M | ||
| Q2 25 | $23.9M | $10.4M | ||
| Q1 25 | $16.0M | $43.4M | ||
| Q4 24 | $-13.3M | $2.1M | ||
| Q3 24 | $8.3M | $8.0M | ||
| Q2 24 | $12.5M | $-25.7M | ||
| Q1 24 | $-2.5M | $36.7M |
| Q4 25 | 10.0% | -4.1% | ||
| Q3 25 | 2.4% | 2.5% | ||
| Q2 25 | 14.8% | 3.4% | ||
| Q1 25 | 10.0% | 14.6% | ||
| Q4 24 | -8.8% | 0.7% | ||
| Q3 24 | 5.7% | 2.8% | ||
| Q2 24 | 9.2% | -9.1% | ||
| Q1 24 | -1.9% | 13.5% |
| Q4 25 | 1.0% | 1.0% | ||
| Q3 25 | 1.4% | 1.5% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 1.3% | 0.6% | ||
| Q3 24 | 2.3% | 0.4% | ||
| Q2 24 | 5.1% | 0.4% | ||
| Q1 24 | 4.8% | 0.6% |
| Q4 25 | — | -0.55× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | — | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
