HashiCorp Third Quarter 2024 Earnings: Beats Expectations

HashiCorp (NASDAQ:HCP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$146.1m (up 17% from 3Q 2023).
• Net loss: US$39.5m (loss narrowed by 45% from 3Q 2023).
• US$0.20 loss per share (improved from US$0.39 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HashiCorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You still need to take note of risks, for example - HashiCorp has 2 warning signs we think you should be aware of.

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