We compute the basic and diluted net loss per share of our Class A common stock and Class B common stock. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially

identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share in the Company’s net loss.

The following table sets forth the computation of basic and diluted net loss per share attributable to Braze, Inc. common stockholders during the periods presented (in thousands, except per share amounts):


	Three Months Ended April 30,
	2024		2023
Numerator:
Net loss attributable to Braze, Inc.	$	(35,641)	$	(38,454)
Denominator:
Weighted-average shares of Braze, Inc. common stock outstanding	100,788		96,360
Less: weighted-average unvested shares of Braze, Inc. subject to repurchase	—		(7)
Weighted-average shares used to calculate net loss per share attributable to Braze, Inc. common stockholders, basic and diluted	100,788		96,353
Net loss per share attributable to Braze, Inc. common stockholders, basic and diluted	$	(0.35)	$	(0.40)

The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per share attributable to Braze, Inc. common stockholders for the periods presented, because their inclusion would be anti-dilutive (in thousands):


	Three Months Ended April 30,
	2024	2023
Options to purchase common stock	5,885	7,440
Restricted stock units	7,354	7,333
ESPP shares estimated to be purchased	124	138
Total	13,363	14,911