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Jan 31, 2024
HashiCorp Q4 2024 Earnings Report
HashiCorp's Q4 2024 financial results exceeded expectations with a strong finish to the fiscal year, driven by initiatives to simplify go-to-market strategies and improve product monetization.
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.
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.
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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