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Jul 31, 2024

HashiCorp Q2 2025 Earnings Report

Announced second quarter of fiscal year 2025 financial results, demonstrating revenue growth and increased customer base.

Key Takeaways

HashiCorp reported a 15% year-over-year increase in revenue, totaling $165.1 million for the second quarter of fiscal year 2025. The company's customer base grew, with a 10% increase in customers with ARR equal to or greater than $100,000. GAAP net loss was $26.5 million, while non-GAAP net income was $16.8 million.

Revenue totaled $165.1 million, a 15% increase year-over-year.

Trailing four quarter average Net Dollar Retention Rate was 110%.

GAAP RPO totaled $771.5 million, up 13% year-over-year.

Non-GAAP RPO totaled $793.3 million, up 12% year-over-year.

Total Revenue
$165M
Previous year: $143M
+15.3%
EPS
$0.08
Previous year: -$0.1
-180.0%
Net Dollar Retention Rate
110%
Previous year: 124%
-11.3%
Customers with >$100k ARR
934
Previous year: 851
+9.8%
Total Customers
4.71K
Previous year: 4.22K
+11.7%
Gross Profit
$135M
Previous year: $114M
+18.4%
Cash and Equivalents
$1.31B
Previous year: $830M
+57.7%
Free Cash Flow
-$11.2M
Previous year: -$36.6M
-69.4%
Total Assets
$1.68B
Previous year: $1.59B
+5.5%

HashiCorp

HashiCorp

HashiCorp Revenue by Segment

Forward Guidance

In light of the proposed transaction with IBM, HashiCorp will not be holding a conference call to discuss financial results or providing financial guidance in conjunction with its second quarter of fiscal 2025 earnings release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income