---
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"
generated_at: "2026-06-14T05:56:26.235310+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HashiCorp Q1 revenue up 37% to $138M; GAAP net loss narrows; cuts workforce 8%

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-23-021270
- form_type: 8-K
- cik: 0001720671
- company_name: HashiCorp, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 2.05, 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021270
- JSON: https://secwatch.observer/filing/0001628280-23-021270.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021270.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter of fiscal 2024, ended April 30, 2023
  - Revenue: $138.0 million
  - Net income: GAAP net loss was $53.3 million
  - EPS: GAAP net loss per share was $0.28
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm
- Executive change
  Susan St. Ledger was appointed as President, Worldwide Field Operations at HashiCorp, Inc..
  - Action: appointed
  - Role: President, Worldwide Field Operations
  source text: On June 7, 2023, HashiCorp announced the appointment of Susan St. Ledger as the Company’s President, Worldwide Field Operations, effective July 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm
- Restructurings & Charges
  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%).
  - Type: restructuring
  - Charge: 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
  - Headcount: approximately 8%
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1720671/000162828023021270/0001628280-23-021270-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.