HCP — Stock Film
STOCK FILMSCENE 1/11HCP · $34.78
Stock Expert AI presents
HCP
HashiCorp, Inc
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
HashiCorp, Inc. What it actually does.

Provides software solutions for multi-cloud infrastructure automation. Offers Terraform for provisioning infrastructure using an Infrastructure-as-Code approach. Now — the numbers.

on the stock market since 2021
2,200 employees
$7.1B market value
Revenue last year:
$583.1M
The loss that same year:
$190.7M
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
2021
2022
2023
$583.1M
2024
In the vault right now:
$1.3B
DEBT: $14.0M
At this pace, that money lasts about 6.7 years.

At this burn rate the cash pile isn’t the pressing question — 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
Dec 2024
8 TIMES IN THE LAST 8 QUARTERS
It clears the bar, quarter after quarter.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
12.2×

This company is not turning a profit, so the market is pricing its sales instead: 12.2× for every dollar of annual revenue.

Analysts' average target sits 14% above today's price.

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 4 years, sales grew about 48% 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.

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

Costs swallow the gains that sales growth brings in.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film