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Appian vs Braze: APPN and BRZE compared
Appian is the larger company: $235M of revenue in its latest quarter (Q3 2026) against $227M for Braze (Q2 FY27). Braze is growing faster (+26% against +26% a year earlier). Appian is more profitable, with an operating margin of 9.1% against -8.0%.
Where the money goes: APPN and BRZE
Appian (APPN) · Q3 2026
Appian, Q3 2026: revenue $235M (+26% year over year), operating margin 9.1%, net earnings $12.3M, operating cash flow −$15.4M. The chart follows the revenue to costs, profit and cash.
Braze (BRZE) · Q2 FY27
Braze, Q2 FY27: revenue $227M (+26% year over year), operating margin -8.0%, net loss $18.3M, operating cash flow $24.2M. The chart follows the revenue to costs, profit and cash.
| Appian (APPN) | Braze (BRZE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $235M | $227M |
| Revenue growth, Y/Y | +26% | +26% |
| Gross margin | 72.9% | — |
| Operating margin | 9.1% | -8.0% |
| Net earnings | $12.3M | −$18.3M |
| Net margin | 5.3% | -8.1% |
| Operating cash flow | −$15.4M | $24.2M |
| Free cash flow | — | $21.7M |
| Market value | — | $3.1B |
| Analysts’ mean target | — | $47.54 |
Where the revenue comes from
Appian
- Subscriptions: $188M (80%)
- Professional services: $46.9M (20%)
Braze
- Subscription: $208M (91%)
- Professional services and other: $19.6M (9%)
Questions
Which is bigger, Appian or Braze?
Appian is the larger company: $235M of revenue in its latest quarter (Q3 2026) against $227M for Braze (Q2 FY27).
Is Appian or Braze growing faster?
Braze is growing faster (+26% against +26% a year earlier).
Which is more profitable, Appian or Braze?
Appian is more profitable, with an operating margin of 9.1% against -8.0%.
More: Appian earnings · how Appian makes money · Braze earnings · how Braze makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 9, 2026). Fiscal quarters can end on different dates. Not investment advice.