{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-021270","form_type":"8-K","ticker":null,"cik":"0001720671","company_name":"HashiCorp, Inc.","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.218274+00:00","generated_at":"2026-06-14T05:56:26.235310+00:00","sec_items":["2.02","9.01","2.05","5.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"HashiCorp Q1 revenue up 37% to $138M; GAAP net loss narrows; cuts workforce 8%","bullets":["Revenue $138.0M, up 37% YoY; GAAP net loss $53.3M ($0.28/shr) vs $78.2M loss a year ago.","GAAP operating loss $67.8M, improved from $78.4M; non-GAAP operating loss $27.3M.","Workforce reduction ~8%; estimated severance $6.5-8.5M, other costs $0.5-1.0M.","Appointed Susan St. Ledger as President Worldwide Field Operations; base $475K, $15M RSU.","GAAP RPO $635.3M, up 46% YoY; net dollar retention rate 127%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-021270","json":"https://secwatch.observer/filing/0001628280-23-021270.json","markdown":"https://secwatch.observer/filing/0001628280-23-021270.md","text":"https://secwatch.observer/filing/0001628280-23-021270.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T05:56:26.235310+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eda2c8dec50bb166b521b2c7d389f0afdc5bd604","claim":"HashiCorp, Inc. reported first quarter of fiscal 2024, ended April 30, 2023 results: revenue $138.0 million, net income GAAP net loss was $53.3 million, EPS GAAP net loss per share was $0.28.","evidence_excerpt":"Revenue : Total revenue was $138.0 million in the first quarter of fiscal 2024, up 37% from $100.9 million in the same period last year. Gross Profit : GAAP gross profit was $111.2 million in the first quarter of fiscal 2024, representing an 81% gross margin, compared to a GAAP gross profit of $81.5 million and an 81% gross margin in the same period last year. Non-GAAP gross profit was $115.0 million in the first quarter fiscal 2024, representing an 83% non-GAAP gross margin, compared to a non-GAAP gross profit of $85.0 million and an 84% non-GAAP gross margin in the same period last year. Operating Loss : GAAP operating loss was $67.8 million in the first quarter of fiscal 2024, compared to GAAP operating loss of $78.4 million in the same period last year. Non-GAAP operating loss was $27.3 million in the first quarter of fiscal 2024, compared to a non-GAAP operating loss of $32.0 million in the same period last year. Net Loss : GAAP net loss was $53.3 million in the first quarter of f","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024, ended April 30, 2023"},{"label":"Revenue","value":"$138.0 million"},{"label":"Net income","value":"GAAP net loss was $53.3 million"},{"label":"EPS","value":"GAAP net loss per share was $0.28"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"78ef4a8402","claim":"Susan St. Ledger was appointed as President, Worldwide Field Operations at HashiCorp, Inc..","evidence_excerpt":"On June 7, 2023, HashiCorp announced the appointment of Susan St. Ledger as the Company’s President, Worldwide Field Operations, effective July 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Worldwide Field Operations"}],"fact_type":"executive_change"},{"claim_id":"8f3cea9c6628b58bba158afea2faffe91d7857ed","claim":"HashiCorp, Inc. announced a restructuring with charges of approximately $6.5 million to $8.5 million in severance costs, and $0.5 million to $1.0 million in benefits continuation and other expenses (approximately 8%).","evidence_excerpt":"As a result of the Reduction, the Company expects to incur approximately $6.5 million to $8.5 million in severance costs, and $0.5 million to $1.0 million in benefits continuation and other expenses.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $6.5 million to $8.5 million in severance costs, and $0.5 million to $1.0 million in benefits continuation and other expenses"},{"label":"Headcount","value":"approximately 8%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}