BRZE
Braze, Inc.
BRZE has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over BRZE overall, supported by stronger fundamentals and stronger modeled upside.
BRZE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Unavailable |
BRZE's revenue and cash flow are currently healthy, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
BRZE PE Valuation
BRZE has no meaningful PE right now: it lost money over the past year.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
BRZE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for BRZE, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
BRZE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.89 | — |
| Q3 2026 | -$1.03 | +$0.01 |
| Q2 2026 | -$1.12 | -$0.11 |
| Q1 2026 | -$1.22 | -$0.20 |
| Q4 2025 | -$1.10 | +$0.03 |
| Q3 2025 | -$1.04 | +$0.13 |
| Q2 2025 | -$1.01 | +$0.26 |
| Q1 2025 | -$1.02 | +$0.30 |
| Q4 2024 | -$1.13 | +$0.26 |
BRZE is still losing money, but less than at its worst: $1.03 per share over the past year, against $1.47 at its worst in early 2023.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over BRZE in the latest year-over-year earnings comparison.
BRZE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $227.2M | +26% |
| Q2 2026 | $211M | +30% |
| Q1 2026 | $205.2M | +28% |
| Q4 2025 | $190.8M | +26% |
| Q3 2025 | $180.1M | +24% |
| Q2 2025 | $162.1M | +20% |
| Q1 2025 | $160.4M | +22% |
| Q4 2024 | $152.1M | +23% |
BRZE's revenue has grown year over year every quarter since early 2021: $227M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -8% | +14 points |
| Q2 2026 | -13% | +12 points |
| Q1 2026 | -14% | -0.3 points |
| Q4 2025 | -20% | +1.8 points |
| Q3 2025 | -22% | -2.3 points |
| Q2 2025 | -25% | +4.8 points |
| Q1 2025 | -13% | +11 points |
| Q4 2024 | -21% | +6.9 points |
BRZE's operating margin was −8% last quarter, up 14 points from the same quarter a year ago, near the top of its range since 2020.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over BRZE on profitability, with a higher operating margin.
BRZE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $23M | +431% |
| Q2 2026 | $28M | +17% |
| Q1 2026 | $14.6M | -9% |
| Q4 2025 | $19M | +$32.4M |
| Q3 2025 | $4.3M | -48% |
| Q2 2025 | $23.9M | +92% |
| Q1 2025 | $16M | +$18.5M |
| Q4 2024 | -$13.3M | -$8.3M |
BRZE generated $85M in free cash flow over the past year, up 174% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
BRZE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +455K shares |
| 1 year | +4.2% | +4.4M shares |
| 3 years | +14% | +14.1M shares |
| 5 years | +23% | +21M shares |
| Available history | +554% | +94.2M shares |
BRZE has 111M diluted shares, up 4.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $50M |
| Q3 2021 | $3,000 |
| Q2 2021 | — |
| Q1 2021 | $212,000 |
| Q4 2020 | $1,000 |
| Q3 2020 | $500 |
| Q2 2020 | $500 |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over BRZE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
BRZE Net Leverage
BRZE's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
BRZE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.5 | Overbought |
| Stochastic | 98.9 | Overbought |
BRZE's weekly RSI is 73 (overbought) and its Stochastic is 99 (overbought).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
BRZE PE vs Technology Sector
BRZE has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
BRZE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.5 | 28% above |
| 20 week MA | $30.8 | 51% above |
| 50 week MA | $26.5 | 76% above |
| 100 week MA | $29.6 | 57% above |
| 200 week MA | $35.5 | 31% above |
BRZE has stronger trend alignment. BRZE is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
BRZE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $94.2 | $77.2 | -18% |
| 2022 | $77.2 | $25.6 | -67% |
| 2023 | $25.6 | $53.1 | +108% |
| 2024 | $53.1 | $42.9 | -19% |
| 2025 | $42.9 | $35.4 | -17% |
| 2026 YTD | $35.4 | $46.6 | +32% |
BRZE's yearly returns have swung widely, from +108% in 2023 to −67% in 2022. It's up 32% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over BRZE on returns for 2026, with the stronger performance.