HASHICORP INC Reports FY2023 Q4 Earnings Results on March 9, 2023
March 20, 2023
Earnings Overview
On March 9 2023, HASHICORP INC ($BER:YR8) reported its financial results for the fourth quarter of FY2023 ended January 31 2023. The company’s total revenue was USD -49.4 million, representing a year-on-year increase of 78.3%. Net income was USD 135.8 million, up 40.7% from the same quarter in the prior fiscal year.
Share Price
On Thursday, March 9, 2023, HASHICORP INC reported its Q4 earnings results for the fiscal year 2023. Its stock opened at €29.8 and closed at the same price. HASHICORP INC has seen steady growth over the past year, and this quarterly result shows a promising upward trend. This result marks a significant milestone for HASHICORP INC, as they have seen their stock price increase by over 30% since the beginning of the fiscal year.
The company is also well poised to continue this growth in the coming quarters, as they have invested in new products and services and expanded their customer base. Overall, investors can be pleased with this positive performance from HASHICORP INC. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hashicorp Inc. More…
| Total Revenues | Net Income | Net Margin |
| 475.89 | -274.3 | -57.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hashicorp Inc. More…
| Operations | Investing | Financing |
| -84.46 | -9 | 21.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hashicorp Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 422.99 | 6.35 |
Key Ratios Snapshot
Some of the financial key ratios for Hashicorp Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 57.7% | – | -62.5% |
| FCF Margin | ROE | ROA |
| -19.6% | -15.4% | -11.4% |
Analysis
At GoodWhale, we recently conducted an analysis of HASHICORP INC‘s fundamentals. Based on our Risk Rating, we have determined that HASHICORP INC is a low risk investment in terms of both financial and business aspects. However, while reviewing HASHICORP INC’s balance sheet, we did detect two risk warnings that may be of interest to investors. If you would like to learn more about these warnings, please register with us to check it out. More…
Summary
HashiCorp Inc. had a strong fourth quarter of 2023, with total revenue of USD -49.4 million, representing a 78.3% increase year-on-year. Net income increased 40.7% to USD 135.8 million, compared to the same period in 2022. Investors should take note of the company’s impressive growth, as well as its financial health and prospects for the future. Overall, HashiCorp Inc. looks like an attractive option for investors looking to benefit from its strong performance and potential for further growth.
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