HashiCorp Q3 2024 Earnings Report
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.
HashiCorp
HashiCorp
HashiCorp 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.
- Forecasts a non-GAAP EPS loss of $0.14 - $0.12 for the full fiscal year 2024.
- Expects Non-GAAP Free Cash Flow Margin of approximately (5)% for the full fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income