HCP · Hashicorp, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $173.39M | $165.14M | $160.58M | $137.98M | $146.13M | $143.25M | $100.90M | $125.34M | $113.86M | - |
| Cost of Revenue | $29.79M | $30.21M | $30.31M | $26.79M | $25.61M | $29.33M | $12.68M | $22.55M | $21.54M | - |
| Gross Profit | $143.60M | $134.93M | $130.27M | $111.19M | $120.52M | $113.91M | $81.51M | $102.79M | $92.32M | - |
| R&D | $53.37M | $54.98M | $58.84M | $54.19M | $54.35M | $59.96M | $47.17M | $25.66M | $47.88M | - |
| SG&A | $33.70M | $35.62M | $46.00M | $34.25M | $34.42M | $35.41M | $12.64M | $13.45M | $35.38M | - |
| Total Operating Expenses | $173.48M | $178.23M | $197.98M | $179.00M | $176.09M | $196.51M | $69.65M | $180.13M | $87.29M | - |
| D&A | - | - | $3.12M | $906.0K | $2.00M | $1.80M | $906.0K | $600.0K | $1.00M | - |
| Operating Income | ($29.88M) | ($43.30M) | ($67.71M) | ($67.81M) | ($55.57M) | ($82.60M) | ($15.42M) | ($77.34M) | ($25.10M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $611.0K | $651.0K | $661.0K | $308.0K | $258.0K | ($86.0K) | $264.0K | $322.0K | $137.0K | - |
| Net Income | ($13.01M) | ($26.46M) | ($51.13M) | ($53.26M) | ($39.47M) | ($66.31M) | ($15.59M) | ($71.96M) | ($74.76M) | - |
| EPS - Basic | ($0.06) | ($0.13) | ($0.26) | ($0.43) | ($0.20) | ($0.34) | - | ($0.33) | ($0.40) | - |
| EPS - Diluted | ($0.06) | ($0.13) | ($0.26) | ($0.28) | ($0.20) | ($0.34) | - | ($0.38) | ($0.37) | - |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $923.63M | $797.22M | $594.74M | $763.41M | $729.83M | $830.02M | $1.29B | $1.27B | $1.29B | $1.36B |
| Accounts Receivable | $129.35M | $147.75M | $106.07M | $182.61M | $108.18M | $122.39M | $162.37M | $115.28M | $111.60M | $126.81M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $21.05M | $12.88M | $17.40M | $9.08M | $6.11M | $7.69M | $12.45M | $16.37M | $11.22M | $14.27M |
| Current Assets | $1.55B | $1.54B | $1.50B | $1.54B | $1.44B | $1.44B | $1.51B | $1.44B | $1.46B | $1.53B |
| Total Assets | $1.69B | $1.68B | $1.65B | $1.69B | $1.59B | $1.59B | $1.63B | $1.55B | $1.57B | $1.62B |
| Current Liabilities | $410.12M | $414.05M | $402.24M | $440.75M | $357.89M | $361.78M | $380.85M | $319.03M | $309.31M | $308.68M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $435.25M | $444.87M | $436.99M | $478.95M | $394.55M | $405.69M | $422.99M | $346.16M | $337.12M | $341.38M |
| Stockholders' Equity | $1.26B | $1.23B | $1.21B | $1.21B | $1.19B | $1.18B | $1.21B | ($176.09M) | ($156.72M) | $1.28B |
| Retained Earnings | ($1.06B) | ($1.05B) | ($1.02B) | ($971.07M) | ($939.45M) | ($899.97M) | ($780.40M) | ($731.04M) | ($659.08M) | ($506.10M) |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $28.15M | $3.87M | - | - | $2.36M | - | - | - |
| Investing Cash Flow | - | - | ($198.42M) | ($324.22M) | - | - | ($1.39M) | - | - | - |
| Financing Cash Flow | - | - | $1.60M | $1.00M | - | - | $1.85M | - | - | - |
| CapEx | - | - | $232.0K | $391.0K | - | - | $13.0K | - | - | - |
| Free Cash Flow | - | - | $27.92M | $3.48M | - | - | $2.35M | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 82.8% | 81.7% | 81.1% | 80.6% | 82.5% | 79.5% | 80.8% | 82.0% | 81.1% | - |
| Operating margin | -17.2% | -26.2% | -42.2% | -49.1% | -38.0% | -57.7% | -15.3% | -61.7% | -22.0% | - |
| EBITDA margin | - | - | -40.2% | -48.5% | -36.7% | -56.4% | -14.4% | -61.2% | -21.2% | - |
| Net margin | -7.5% | -16.0% | -31.8% | -38.6% | -27.0% | -46.3% | -15.4% | -57.4% | -65.7% | - |
| Free cash flow margin | - | - | 17.4% | 2.5% | - | - | 2.3% | - | - | - |
| FCF / Net income | - | - | -0.55 | -0.07 | - | - | -0.15 | - | - | - |
| R&D / Revenue | 30.8% | 33.3% | 36.6% | 39.3% | 37.2% | 41.9% | 46.8% | 20.5% | 42.1% | - |
| SG&A / Revenue | 19.4% | 21.6% | 28.6% | 24.8% | 23.6% | 24.7% | 12.5% | 10.7% | 31.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.8% | -1.6% | -3.1% | -3.1% | -2.5% | -4.2% | -1.0% | -4.6% | -4.8% | - |
| Return on equity | -1.0% | -2.1% | -4.2% | -4.4% | -3.3% | -5.6% | -1.3% | 40.9% | 47.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.79 | 3.71 | 3.74 | 3.50 | 4.02 | 3.98 | 3.96 | 4.52 | 4.72 | 4.97 |
| Quick ratio | 3.79 | 3.71 | 3.74 | 3.50 | 4.02 | 3.98 | 3.96 | 4.52 | 4.72 | 4.97 |
| Cash ratio | 2.25 | 1.93 | 1.48 | 1.73 | 2.04 | 2.29 | 3.38 | 4.00 | 4.18 | 4.39 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.35 | 1.36 | 1.36 | 1.39 | 1.33 | 1.34 | 1.35 | -8.82 | -10.00 | 1.27 |
| Liabilities / Assets | 0.26 | 0.26 | 0.27 | 0.28 | 0.25 | 0.26 | 0.26 | 0.22 | 0.22 | 0.21 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.10 | 0.10 | 0.08 | 0.09 | 0.09 | 0.06 | 0.08 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 272d | 327d | 241d | 483d | 270d | 312d | 587d | 336d | 358d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 258d | 156d | 210d | 124d | 87d | 96d | 358d | 265d | 190d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.7% | 15.3% | 16.4% | 36.8% | 16.6% | 25.8% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 19.2% | 18.5% | 17.2% | 36.4% | 17.2% | 23.4% | - | - | - | - |
| Operating income growth (YoY) | 46.2% | 47.6% | 0.1% | -339.9% | 28.1% | -229.1% | - | - | - | - |
| Net income growth (YoY) | 67.1% | 60.1% | 4.0% | -241.7% | 45.1% | 11.3% | - | - | - | - |
| EPS growth (YoY) | 70.0% | 61.8% | 7.1% | - | 47.4% | 8.1% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 701.5% | 48.5% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.5% | 4.1% | -0.1% | 0.6% | - | - | -6.0% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-01-31.
Product / service
$86.10M totalSubscription Arrangements$67.61M · 78.5%
Professional Services And Other$18.49M · 21.5%
Geographic
$583.14M totalUS$408.21M · 70.0%
Rest Of The World$174.93M · 30.0%
Peer comparison
Same SIC group: Services-Computer Programming Services
Comparing HashiCorp against the 5 most active filers in the same SIC group.