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Oct 31, 2024

HashiCorp Q3 2025 Earnings Report

Reported strong financial results with revenue growth and progress towards acquisition by IBM.

Key Takeaways

HashiCorp announced its Q3 fiscal year 2025 financial results, reporting a 19% year-over-year increase in revenue, reaching $173.4 million. The company's GAAP net loss was $13.0 million, while non-GAAP net income was $26.9 million. HashiCorp is progressing towards its acquisition by IBM, expected to close in the first calendar quarter of 2025.

Revenue totaled $173.4 million, a 19% increase year-over-year.

Trailing four quarter average Net Dollar Retention Rate was 109%.

GAAP RPO totaled $775.4 million, up 14% year-over-year.

Non-GAAP RPO totaled $795.6 million, a 14% increase year-over-year.

Total Revenue
$173M
Previous year: $146M
+18.7%
EPS
$0.13
Previous year: $0.03
+333.3%
Net Dollar Retention Rate
109%
Previous year: 119%
-8.4%
Customers with >$100k ARR
946
Previous year: 877
+7.9%
Total Customers
4.86K
Previous year: 4.35K
+11.5%
Gross Profit
$144M
Previous year: $121M
+19.2%
Cash and Equivalents
$924M
Previous year: $730M
+26.6%
Free Cash Flow
$35.7M
Previous year: $5.72M
+525.0%
Total Assets
$1.69B
Previous year: $1.59B
+6.7%

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 third quarter of fiscal 2025 earnings release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income