HashiCorp HCP
Infrastructure Software DevOps/Dev Tools Enterprise Software PLG Security

HashiCorp trades at 7.7x EV/NTM revenue on a $5.76B enterprise value. Revenue grew 18.7% year over year to $173.4M in the quarter ending October 2024, an annual run rate of $693.0M. HashiCorp reports net dollar retention of 109%, a 82.8% gross margin, and 47.5-month CAC payback.

ARR ($M)
671
Net Dollar Retention
109%
ARR Growth
18.3%
EV / NTM Revenue
7.7x
Payback Period
47.5
EV / Run Rate
8.3x
Price & Key Metrics
Price Performance
Company Details
Share Price: 34.78
Last Filing Date: 2024-10-31
Fiscal Year End: 01-31
Last Filing: Form
Founding Year: 2012
IPO Year: 2021
Description
HashiCorp is a software company with a Freemium business model. The Company provides open-source tools and commercial products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure.
Categories
Infrastructure Software DevOps/Dev Tools Enterprise Software PLG Security
Valuation
Market Cap: 7,110.679
Enterprise Value: 5,764.278
EV / Revenue Run Rate: 8.3x
EV / NTM Revenue: 7.7x
EV / 2026 Revenue Estimates: 6.6x
EV / 2027 Revenue Estimates: --
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: 109%
Customers: 4856
ARR: 671
ARR Growth %: 18%
ARR/Customer ($K): 138
ARR/Employee ($K): 305
Revenue
Revenue Run Rate: 693
ARR: 671
2026 Revenue Estimates: 878
2027 Revenue Estimates: --
2028 Revenue Estimates: --
LTM Revenue: 654
Last Year Run Rate: 584
Growth
Revenue Growth: 19%
ARR Growth: 18%
Growth Persistence: 113%
2026 Revenue Growth Estimates: 15%
2027 Revenue Growth Estimates: --
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is HashiCorp growing?

HashiCorp grew revenue 18.7% year over year, reaching $173.4M in the quarter ending October 2024.

What multiple does HashiCorp trade at?

HashiCorp trades at 7.7x EV/NTM revenue and 8.3x EV/run-rate, on an enterprise value of $5.76B.

Is HashiCorp profitable?

For HashiCorp, operating income was -$29.9M last quarter and LTM free cash flow margin is 8.7%.

What is HashiCorp's net dollar retention?

HashiCorp reports net dollar retention of 109%, measuring revenue expansion within its existing customer base.

How long does it take HashiCorp to pay back CAC?

HashiCorp recovers customer acquisition cost in about 47.5 months.

What sector is HashiCorp in?

Public Comps classifies HashiCorp under Infrastructure Software, DevOps/Dev Tools, Enterprise Software, PLG, and Security.

Where does Public Comps get HashiCorp's data?

Figures come from HashiCorp's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.