Below are the financial statements of HashiCorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| License | 67.61a | 64.27a | 47.5a |
| Support | 420.95a | 349.86a | 247.57a |
| Cloud-hosted services | 76.09a | 46.86a | 18.61a |
| Total subscription revenue | 564.65a | 460.99a | 313.68a |
| Professional services and other | 18.49a | 14.9a | 7.09a |
| Total revenue | 583.14a | 475.89a | 320.77a |
| Cost of revenue | — | — | — |
| Cost of license | -1.97a | -1.75a | -0.22a |
| Cost of support | -58.21a | -48.11a | -38.08a |
| Cost of cloud-hosted services | -30.45a | -22.59a | -14.03a |
| Total cost of subscription revenue | -90.62a | -72.45a | -52.33a |
| Cost of professional services and other | -18.08a | -14.52a | -11.11a |
| Total cost of revenue | -108.7a | -86.97a | -63.44a |
| Gross profit | 474.44a | 388.92a | 257.33a |
| Operating expenses | — | — | — |
| Sales and marketing | -369.16a | -355.83a | -269.5a |
| Research and development | -222.55a | -195.38a | -165.03a |
| General and administrative | -137a | -135a | -112.11a |
| Total operating expenses | -728.72a | -686.21a | -546.64a |
| Loss from operations | -254.28a | -297.29a | -289.31a |
| Interest income | 65.16a | 26.37a | 0.32a |
| Other expenses, net | -0.51a | -2.37a | -0.16a |
| Loss before income taxes | -189.63a | -273.29a | -289.15a |
| Provision for income taxes | -1.04a | -1.01a | -0.99a |
| Net loss | -190.67a | -274.3a | -290.14a |
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