HashiCorp (HCP) Stock Price
HashiCorp Price
Over the last 5 years HashiCorp grew revenue by 61.0% annually, reaching 583.14 M USD. For HashiCorp, the net margin of -32.7% is up versus -44.0% a few years ago. The consensus 12-month price target for HashiCorp is 35.70 USD, about 2.6% above where the stock trades today. Of 15 analysts, 0 rate the stock a buy — an overall Hold consensus.
HashiCorp stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of HashiCorp over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how HashiCorp stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing HashiCorp's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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HashiCorp Revenue, EBIT, Net Income
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HashiCorp Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB USD |
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| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.12 | 0.21 | 0.32 | 0.48 | 0.58 | 0.68 | 0.78 | 0.89 | 1.27 |
| – | 128.30 | 74.38 | 51.66 | 48.44 | 22.74 | 5.26 | 1.04 | 13.99 | 43.36 |
| 83.02 | 80.17 | 80.57 | 80.31 | 81.68 | 81.30 | 81.30 | 81.30 | 81.30 | 81.30 |
| 0.04 | 0.10 | 0.17 | 0.26 | 0.39 | 0.47 | 0.55 | 0.63 | 0.72 | 1.03 |
| -47.00 | -56.00 | -84.00 | -289.00 | -297.00 | -254.00 | 7.00 | 42.00 | -509.00 | -730.00 |
| -88.68 | -46.28 | -39.81 | -90.31 | -62.53 | -43.57 | 1.03 | 5.39 | -57.32 | -57.34 |
| -47.00 | -53.00 | -83.00 | -290.00 | -274.00 | -190.00 | 16.00 | 84.00 | 154.00 | 145.00 |
| – | 12.77 | 56.60 | 249.40 | -5.52 | -30.66 | -108.42 | – | – | -5.84 |
| 178.90 | 59.00 | 63.00 | 83.00 | 186.00 | 194.00 | 194.00 | 194.00 | 194.00 | 194.00 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales HashiCorp generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue HashiCorp retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare HashiCorp's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares HashiCorp has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against HashiCorp's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
HashiCorp stock margins
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HashiCorp Stock Revenue, EBIT, Earnings per Share
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HashiCorp business model & stock analysis
HashiCorp SWOT Analysis
Strengths
HashiCorp Inc, a leading technology company, possesses several strengths that contribute to its success in the industry.
- Strong Brand Reputation: HashiCorp has established a solid reputation for providing innovative and reliable software solutions.
- Diverse Product Portfolio: The company offers a comprehensive range of software products, enabling them to serve various industries and cater to diverse customer needs.
- Extensive Market Reach: HashiCorp has a global presence, with a strong customer base across different regions, allowing them to tap into various markets.
Weaknesses
While HashiCorp Inc enjoys many strengths, there are also some weaknesses that they need to address to maintain their competitive edge.
- Limited Market Share: In certain markets, HashiCorp faces intense competition from well-established players, which hinders their ability to capture a larger market share.
- Heavy Reliance on Open Source: HashiCorp heavily relies on open-source software, which may create challenges in terms of monetization and proprietary differentiation.
Opportunities
The current business landscape presents several opportunities for HashiCorp Inc to further expand its market presence and enhance its offerings.
- Increasing Demand for Cloud Solutions: The growing adoption of cloud-based technologies presents a significant opportunity for HashiCorp to leverage its expertise and offer innovative solutions to meet the evolving needs of businesses.
- Emerging Markets: Expansion into emerging markets offers HashiCorp the chance to tap into new customer segments and drive growth in regions with untapped potential.
Threats
Despite its strong position in the industry, HashiCorp Inc faces several threats that could potentially impact its business operations and growth prospects.
- Competition from Established Tech Giants: Large tech companies entering the same market space as HashiCorp pose a threat to its market share and customer acquisition efforts.
- Rapid Technological Advancements: The fast-paced nature of the technology industry means that new advancements may render certain products or solutions obsolete, requiring HashiCorp to constantly innovate and keep up with the latest trends.
HashiCorp Employees
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HashiCorp Segments
HashiCorp Revenue by Segment
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HashiCorp Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
HashiCorp historical P/E ratio, EBIT multiple, and P/S ratio
HashiCorp annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
HashiCorp shares outstanding
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Current HashiCorp forecasts and price targets in August 2026
Analyst Price Targets 2026HashiCorp Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 12/16/2024 | Maintained | Market Perform | – | |
| 6/6/2024 | Downgrade | Market OutperformMarket Perform | – | |
| 4/25/2024 | Downgrade | BuyHold | – | |
| 4/25/2024 | Downgrade | Sector OutperformSector Perform | 75 | |
| 4/25/2024 | Maintained | Neutral | 51 | |
| 4/25/2024 | Downgrade | BuyHold | 70 | |
| 4/24/2024 | Downgrade | BuyNeutral | – | |
| 4/24/2024 | Maintained | Neutral | 70 | |
| 3/12/2024 | Upgrade | Sector PerformSector Outperform | 75 | |
| 3/7/2024 | Maintained | Buy | 70 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
HashiCorp Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 12/3/2025 | 0.14USD | - | 196.28 MUSD | - | 2026 Q3 |
| 12/5/2024 | 0.05USD | - | 165.58 MUSD | - | 2025 Q3 |
| 12/7/2022 | -0.32USD | - | 112.76 MUSD | - | 2023 Q3 |
HashiCorp shareholder structure
| % | Name |
|---|---|
7.98141% | |
3.56409% | |
2.94484% | |
2.30462% | |
1.57380% | |
1.48277% |
HashiCorp Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
63.10% | SEC ↗ | |
63.10% | SEC ↗ | |
63.10% | SEC ↗ | |
33.30% | SEC ↗ | |
18.60% | SEC ↗ | |
17.90% | SEC ↗ | |
17.90% | SEC ↗ | |
17.90% | SEC ↗ | |
13.20% | SEC ↗ | |
11.00% | SEC ↗ |
HashiCorp Executives and Management Board
7 members · avg. age 50 · 29 % women
Ms. Susan St. Ledger (60)
President, Worldwide Field Operations · since 2019
15.73 M USD
Management
Mr. Armon Memaran-Dadgar (33)
Co-Founder, Chief Technology Officer · since 2013
Mr. Marc Holmes (48)
Chief Marketing and Business Operations Officer
Mr. Michael Weingartner (60)
Chief Product Officer
Board of Directors
Mr. Hiroki Minawa
Director
Mr. J. Eric Reed
Director
Ms. Sarah Sisney
Director
Frequently asked questions about HashiCorp
HashiCorp Inc's business model is centered around providing cloud infrastructure automation solutions. As a leading software company, HashiCorp offers a comprehensive suite of open-source tools that help organizations manage and secure their applications and infrastructure. With its flagship products, including Terraform, Vault, Consul, and Nomad, HashiCorp empowers businesses to adopt a DevOps culture and implement cloud-native architectures. By simplifying complex tasks and streamlining workflows, HashiCorp enables efficient collaboration and scalability across various cloud platforms. Through its subscription-based licensing model and professional services, HashiCorp Inc generates revenue while supporting customers in achieving optimal infrastructure management and secure application delivery.
HashiCorp Inc is primarily active in the software and technology industry.
The main competitors of HashiCorp Inc in the market are companies like Docker, VMware, and Red Hat.
HashiCorp Inc. is a prominent American software company founded in 2012 by Mitchell Hashimoto and Armon Dadgar. With headquarters in San Francisco, California, HashiCorp has gained recognition for revolutionizing the field of infrastructure automation. The company's most renowned product is a suite of open-source tools known as HashiCorp Infrastructure Automation Platform (IaC). HashiCorp's products, including Terraform, Vault, Consul, and Nomad, are trusted by numerous enterprises worldwide. By providing solutions for cloud provisioning, security, networking, and application deployment, HashiCorp enables organizations to efficiently manage complex infrastructures across various cloud and on-premises environments. HashiCorp Inc. continues to drive innovation and simplify the management of modern IT infrastructure, solidifying its position as a leading software company in the industry.
HashiCorp Inc has accomplished several significant milestones throughout its journey. The company pioneered the development of a range of open-source tools and collaboration platforms that facilitate efficient cloud infrastructure management and automation. HashiCorp Inc's most notable achievements include the creation of popular software like Vagrant, Consul, Terraform, Vault, and Nomad. These innovative tools have empowered developers and system administrators worldwide to streamline their infrastructure operations and embrace scalable cloud solutions. HashiCorp Inc continues to revolutionize the IT industry with its cutting-edge technologies, driving digital transformation and increasing operational efficiency for organizations of all sizes globally.
HashiCorp Inc primarily operates and serves customers globally. With a strong presence in North America, the company caters to customers across the United States and Canada. Additionally, HashiCorp Inc has established a significant footprint in Europe, with a focus on countries such as the United Kingdom, Germany, France, and the Netherlands. The company also serves customers in Asia, including countries like India, Australia, and Japan. Furthermore, HashiCorp Inc has expanded its reach to other regions, including Latin America and the Middle East. Overall, the company's presence spans multiple countries and regions worldwide, providing its innovative solutions and services to customers globally.
HashiCorp Inc represents a strong commitment to open-source principles and innovation in the field of digital infrastructure automation. With a focus on empowering developers and IT professionals, the company values simplicity and scalability. Their corporate philosophy emphasizes collaboration, customer-centricity, and continuous improvement. HashiCorp Inc offers a comprehensive suite of cloud infrastructure automation and security products, including Terraform, Vault, and Consul, which enable organizations to effectively manage their digital infrastructure. The company's dedication to providing cutting-edge solutions and driving industry standards has positioned them as leaders in the cloud infrastructure space.
Analysts currently set an average price target of 35.32 USD for the HashiCorp stock (median: 35.70 USD), implying +1.5 % versus the latest price. The consensus is based on 15 analyst ratings.
15 analysts currently rate the HashiCorp stock: 0 recommend buying, 10 holding and 5 selling. For 2026, analysts expect HashiCorp to generate revenue of 771.59 M USD and earnings per share of 0.44 USD.
Converted at the current exchange rate, the HashiCorp share trades at 30.11 EUR (34.78 USD).
The HashiCorp share (HCP) is listed on 4 stock exchanges, including: NASDAQ (HCP), Frankfurt (YR8.F), München (YR8.MU), Düsseldorf (YR8.DU).
HashiCorp Inc. is a leading company in the field of cloud computing and infrastructure automation. Its business model offers customers, especially IT companies and organizations, various cloud and automation solutions to optimize their workflows and the use of IT infrastructures. The company offers several products that are divided into four categories. These are Terraform, Vault, Consul, and Nomad. Terraform is an open-source language from HashiCorp that enables unified management of cloud platforms. It allows developers to create cloud infrastructures independent of cloud providers to quickly deploy applications. Vault provides a secure way to manage application access and other sensitive data, including encrypting this data. Consul is an open-source infrastructure platform that aims to liberate businesses from underlying infrastructure by resolving service names and environment variables in consistent registries. Nomad is an application for orchestrating and deploying applications and services on a variety of platforms and infrastructures. It supports, among other things, the management of Docker-based applications and serverless workloads. All of these products are offered as open-source and enterprise licenses and can be used as standalone products or as part of an integrated solution. In addition, HashiCorp also offers a range of services, including training, consulting, and support. With these services, companies can ensure they maximize the full capacity of their HashiCorp products and increase the effectiveness of their application development and business processes. HashiCorp's business model is focused on helping companies automate their IT infrastructure and optimize their business processes. The company's emphasis is on supporting cloud computing and infrastructure automation. It aims to help its customers increase the effectiveness of their application development and business processes by providing them with a unified language for managing cloud infrastructure and an integrated platform to provide all relevant business data. The company has a broad customer base in various industries such as finance, healthcare, and retail. The customer base also includes government agencies and non-profit organizations. For the future, HashiCorp plans to expand its position as a leading provider of cloud and automation solutions with new products and services. Overall, HashiCorp's business model is geared towards supporting companies in automating their IT infrastructures and helping them develop more effective business processes. By using cloud platforms and automation solutions, companies can deploy faster applications and be more flexible in responding to changes. HashiCorp is expected to continue to be a leader in the industry and expand its position in the IT industry by improving its services and products and adapting them to the needs of its customers.
The expected revenue of HashiCorp is 771.59 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of HashiCorp is 84.95 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of HashiCorp is currently 79.43. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the HashiCorp stock.
The price-to-sales ratio (P/S) of HashiCorp is currently 8.74. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the HashiCorp stock.
The Eulerpool Quality Score for HashiCorp is 2/10.
The ISIN of HashiCorp is US4181001037. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of HashiCorp is A3C8W3. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of HashiCorp is HCP. The ticker symbol is used to trade HashiCorp shares on the stock exchange.
HashiCorp paid dividends every year for the past 0 years.
HashiCorp is assigned to the 'Information technology' sector.
The dividends of HashiCorp are distributed in USD.
HashiCorp stock
HashiCorp Peer Group
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HashiCorp FIGI
All fundamentals and in-depth analysis of HashiCorp
Our stock analysis for HashiCorp stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of HashiCorp. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.