HashiCorp Q4 2024 Earnings Report
Key Takeaways
HashiCorp reported Q4 2024 revenue of $155.8 million, a 15% increase year-over-year. The company's GAAP net loss was $31.6 million, while non-GAAP net income was $10.2 million. HashiCorp is focusing on simplifying its go-to-market strategy and improving product monetization to accelerate revenue growth in fiscal 2025.
Q4 revenue reached $155.8 million, up 15% year-over-year.
Trailing four quarter average Net Dollar Retention Rate was 115%.
Total non-GAAP RPO was $801.4 million, representing an increase of 19% year-over-year.
The Board of Directors approved a share repurchase program for up to $250 million.
HashiCorp
HashiCorp
HashiCorp Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2025, HashiCorp expects total revenue of $152 - $154 million and a non-GAAP operating loss of $19 - $16 million. For the full fiscal year 2025, the company expects total revenue of $643 - $647 million and a non-GAAP operating loss of $46 - $43 million.
Positive Outlook
- Total revenue of $152 - $154 million (Q1 2025)
- Non-GAAP operating loss of $19 - $16 million (Q1 2025)
- Non-GAAP EPS (loss) / income of $(0.02) - $0.00 (Q1 2025)
- Total revenue of $643 - $647 million (FY 2025)
- Non-GAAP operating loss of $46 - $43 million (FY 2025)
Challenges Ahead
- HashiCorp has not reconciled its expectations as to first quarter and fiscal year 2025 non-GAAP operating loss and non-GAAP earnings per share to the comparable GAAP measures.
- Due to limited public trading history and significant volatility in the price of HashiCorp’s common stock, certain items, which could be material, cannot be calculated without unreasonable efforts.
- The measures and effects of our stock-based compensation expense specific to our equity compensation awards and employer payroll tax-related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in our stock price.
- Stock price is expected to have a significant impact on our future GAAP financial results.
- Future reports that we may file from time to time with the SEC.
Revenue & Expenses
Visualization of income flow from segment revenue to net income