HCP — Stock Film
STOCK FILMSCENE 1/11HCP · $34.78
Stock Expert AI presents
HCP
HashiCorp, Inc
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
HashiCorp, Inc. A quick introduction.

On the stock market since 2021, it operates in the world of technology. It has 2,200 employees. Now — the numbers.

on the stock market since 2021
2,200 employees
$7.1B market value
Revenue last year:
$0
The loss that same year:
$0
For every $1 it earns, the company spends $1.3.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing, year after year.

Average growth of 48% a year over the last 4 years. Red columns mark years that ended in a loss.

$121.3M
2020
$211.9M
2021
$320.8M
2022
$475.9M
2023
$583.1M
2024
In the vault right now:
$0
DEBT: $14.0M
At this pace, that money lasts about 6.7 years.

Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
8 / 8
EXPECTATIONS MET OR BEATEN
8
Mar 2023
Jun 2023
Aug 2023
Dec 2023
Mar 2024
May 2024
Aug 2024
Dec 2024
8 TIMES IN THE LAST 8 QUARTERS
It clears the bar, quarter after quarter.
THE COUNCIL REVIEW
9

angles, checked one by one.

The 2 that stand out are on screen; the rest came back neutral.

The council scores out of 10; report-card grades are out of 100.

WEAK SPOTS
The stock has lost its spark0/10
Costs eat into the margin4/10
WORTH WATCHING

Cost Efficiency: As sales grow, profit fails to keep the same pace.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 64% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 3 years, sales grew about 40% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $583.1M a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $1.3B in the vault; even if every debt were paid off, $1.3B would remain.

1
THE RISKS · 1/3
The losses continue

A loss of $190.7M against $583.1M in annual sales.

2
THE RISKS · 2/3
The stock has lost its spark

Since the drop from its peak, buyer appetite hasn’t come back. Council score: 0/10.

3
THE RISKS · 3/3
Costs eat into the margin

Costs swallow the gains that sales growth brings in. Council score: 4/10.

FINALE · THE GRADE
C
0 / 100 · MoonshotScore

On our five-subject report card, HCP sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.

The takeaway: HCP has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Jul 21, 2026 · stockexpertai.com · Stock Film