HASHICORP INC Reports Record 4th Quarter Financial Results for Fiscal Year 2023.
March 18, 2023
Earnings Overview
On March 9 2023, HASHICORP INC ($BER:YR8) reported their financial results for the fourth quarter of their Fiscal Year 2023, which ended on January 31 2023. The company saw a 78.3% year-over-year increase in total revenue, amounting to USD 49.4 million, and a 40.7% year-over-year increase in net income, equaling USD 135.8 million.
Market Price
Overall, HASHICORP INC had a record-breaking 4th quarter and continues to show strong performance throughout the fiscal year 2023. Their impressive financial results are a testament to their success as a company and their ability to continue to drive growth and expand their business operations. 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 analyzed the financials of HASHICORP INC and found that it has a high health score of 7/10 with regard to its cashflows and debt. This means that it is capable of paying off debt and funding future operations. Our Star Chart also indicates that HASHICORP INC is strong in asset and growth, but weak in dividend and profitability. Based on this analysis, we conclude that HASHICORP INC is classified as a ‘cheetah’ company, which is characterized by high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth with an element of risk may find HASHICORP INC an attractive option. They should be aware of the company’s weak profitability and dividend yields, but may find its asset strength and growth potential appealing. More…
Summary
HASHICORP INC‘s fourth quarter of their Fiscal Year 2023 ended with impressive financial results, with total revenue increasing 78.3% year-over-year to USD -49.4 million and net income increasing 40.7% year-over-year to USD 135.8 million. This is a great result for investors as it indicates the company’s financial performance is strong and improving. Consequently, many analysts are currently recommending investing in HASHICORP INC as a good opportunity for long-term growth. Furthermore, the company’s prospects for the next quarter look positive, making it an attractive option for those looking to invest in a profitable company.
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