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Jan 31, 2023
HashiCorp Q4 2023 Earnings Report
HashiCorp delivered solid results, achieving 41% YoY revenue growth and strong operating leverage.
Key Takeaways
HashiCorp announced its Q4 and Fiscal Year 2023 financial results, with Q4 revenue reaching $135.8 million, a 41% increase year-over-year. The company closed the quarter with 4,131 customers and made progress with large customers, securing new deals and expanding existing relationships. HashiCorp delivered strong operating leverage in fiscal 2023, and plan to continue to drive efficiencies in our business in fiscal 2024.
Total revenue was $135.8 million, up 41% year-over-year from $96.5 million.
GAAP gross profit was $112.3 million, representing an 83% gross margin.
GAAP operating loss was $62.9 million, compared to a GAAP operating loss of $227.3 million in the same period last year.
Trailing four quarter average Net Dollar Retention Rate was 131%.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2024, the Company currently expects: Total revenue of $132 - $134 million, Non-GAAP operating loss of $42 - $39 million, Non-GAAP EPS loss of $0.15 - $0.13.
Positive Outlook
- Total revenue of $132 - $134 million
- Total revenue of $591 - $595 million for the full fiscal year 2024
Challenges Ahead
- Non-GAAP operating loss of $42 - $39 million
- Non-GAAP EPS loss of $0.15 - $0.13
- Non-GAAP operating loss of $136 - $133 million for the full fiscal year 2024
- Non-GAAP EPS loss of $0.40 - $0.38 for the full fiscal year 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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