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Oct 31, 2023
HashiCorp Q3 2024 Earnings Report
Reported solid third quarter results with revenue growth and progress towards profitability.
Key Takeaways
HashiCorp announced its Q3 fiscal year 2024 financial results, reporting a 17% year-over-year revenue increase to $146.1 million. The company achieved its first quarter with positive Non-GAAP EPS and made progress in improving efficiency and increasing free cash flow.
Total revenue reached $146.1 million, a 17% increase year-over-year.
Trailing four quarter average Net Dollar Retention Rate was 119%.
GAAP net loss totaled $39.5 million.
Achieved positive Non-GAAP net income of $5.6 million, marking the first quarter with positive Non-GAAP EPS.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2024, HashiCorp expects total revenue of $148 - $150 million, a non-GAAP operating loss of $16 - $13 million, and non-GAAP EPS of $0.00 - $0.02. For the full fiscal year 2024, the company expects total revenue of $576 - $578 million, a non-GAAP operating loss of $89 - $86 million, and a non-GAAP EPS loss of $0.14 - $0.12.
Positive Outlook
- Expects total revenue of $148 - $150 million for Q4 2024.
- Projects non-GAAP EPS of $0.00 - $0.02 for Q4 2024.
- Anticipates total revenue of $576 - $578 million for full fiscal year 2024.
- Forecasts non-GAAP operating loss of $89 - $86 million for full fiscal year 2024.
- Estimates non-GAAP EPS loss of $0.14 - $0.12 for full fiscal year 2024.
Challenges Ahead
- Expects a non-GAAP operating loss of $16 - $13 million for Q4 2024.
- Projects a non-GAAP EPS of $0.00 - $0.02 for Q4 2024.
- Anticipates a non-GAAP operating loss of $89 - $86 million for the full fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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