BRZE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-09

• attract new customers will depend on a number of factors, including the quality and pricing of our products, offerings of our competitors and the effectiveness of our marketing efforts.

• Our dollar-based net retention rate is influenced by macroeconomic factors that impact our customers’ purchasing decisions, which may impact the revenue attributable to such customers.

• and allocated overhead costs as a result of one-time acquisition compensation related costs incurred in the period of acquisition and the completed vesting of legacy stock option awards.

• Comparison of the Six Months Ended July 31, 2026 and July 31, 2025

• Revenue increased by $96.1 million, or 28.1%, for the six months ended July 31, 2026, compared to the six months ended July 31, 2025. Approximately 63.0% of the increase in revenue was attributable to the growth from existing customers and the remaining 37.0% was attributable to new customers.

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• Our dollar-based net retention rate is influenced by macroeconomic factors that impact our customers’ purchasing decisions, which may impact the revenue attributable to such customers. The decline in our trailing 12-month dollar-based net retention rate was primarily due to customer turnover and ren…

• professional services and legal costs primarily associated with prior period acquisition-related expenses, offset in part by an increase of $0.7 million in personnel and allocated overhead costs.

• As of April 30, 2026, our principal source of liquidity was cash, cash equivalents, and marketable securities of $391.5 million. Our cash and cash equivalents consist of deposit accounts, interest-bearing money market accounts and U.S. government and corporate securities that are stated at fair valu…

• Since our inception, we have financed our operations primarily through the net proceeds received from the sales of equity securities and cash generated from the sale of subscriptions to our platform. We have generated losses from our operations as reflected in our accumulated deficit of $744.7 milli…

• A substantial source of our cash provided by operating activities is our deferred revenue, which is included on the consolidated balance sheets as a liability. Deferred revenue consists of the unearned portion of billed fees for our subscriptions, which is recorded as revenue over the term of the su…

Text added vs the prior filing · source: 10-Q · 2026-09-09

• “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or unless declines in fair value are determined to be non-temporary.

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• procedures were not effective at the reasonable assurance level as of April 30, 2026 because of the material weakness in our internal control, discussed below.

Text added vs the prior filing · source: 10-Q · 2026-09-09

• the European Commission issued an adequacy decision in respect of the U.K.’s data protection framework, enabling data transfers from EU member states to the U.K. to continue until June 27, 2025 without requiring organizations to put in place contractual or other measures in order to lawfully transfe…

• was extended subsequently until December 2031, the European Commission may unilaterally revoke the adequacy decision at any point, and if this occurs, it could lead to additional costs and increase our overall risk exposure. While we have taken additional steps to mitigate the impact on us, such as …

• We do not typically monitor the content, activities or messages of our customers in connection with their use of our services, so inappropriate content may be sent to third parties, which could subject us to legal liability. Even if we comply with legal obligations to remove or disable certain conte…

• In addition, we are subject to the risks of new or enhanced governmental or regulatory scrutiny, litigation, or other legal liability, ethical concerns, negative consumer perceptions as to automation and AI and machine learning technologies, any of which could adversely affect our business, reputati…

• Our amended and restated certificate of incorporation as currently in effect further provides that, unless we consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall, to the fullest

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• any point, and if this occurs, it could lead to additional costs and increase our overall risk exposure. While we have taken additional steps to mitigate the impact on us, such as implementing the European Commission’s updated standard contractual clauses, or the SCCs, and the U.K.’s international D…

• We do not typically monitor the content, activities or messages of our customers in connection with their use of our services, so inappropriate content may be sent to third parties, which could subject us to legal liability. Even if we comply with legal obligations to remove or disable certain conte…

• third parties may find hostile, offensive or inappropriate. The activities of our customers or the content of our customers’ messages may lead us to experience adverse political, business and reputational consequences, especially if such use is high profile. For instance, if our customers use our pl…

• In addition, we are subject to the risks of new or enhanced governmental or regulatory scrutiny, litigation, or other legal liability, ethical concerns, negative consumer perceptions as to automation and AI and machine learning technologies, any of which could adversely affect our business, reputati…

• the SEC or other regulatory authorities. Failure to remedy the material weakness in our internal control over financial reporting, or the implement or maintain other effective control systems required of public companies, could harm our results of operations or cause us to fail to meet our future re…