Hashicorp
Product
- Applications
- Nomad: Scheduler/workload orchestator
- Waypoint: workflow for build/ deploy/ release apps
- Networking
- Consul: service mesh
- Security
- Boundary: secure remote access
- Vault: secret management
- Infrastrucutre
- Packer: automated machine image from source
- Vagrant: virtual env
- Terraform (infra automation to provision/manage any cloud)
Business Model
- Revenue
- Subscription revenue (97%)
- licencese of propreitary feature, support maintenance.
- Cloud hosted services: non-commited pay as you go
- 1-3 years
- Most from Terraform and Vault
- Cloud managed (14M)
- Professional services (3%)
- professional services and training
- fixed-fee basis
- Geographical Breakdown
- 72% US
- 28% International
- Subscription revenue (97%)
- Cost of Revenue
- Cost of subscription revenue:
- personnel costs for customer support & maintenance
- 3rd party cloud infrastructure costs
- Cost of subscription revenue:
Core Metrics
- Revenue: (2021 H1)
- Total Revenue: 142M (+51% YoY)
- Cost of Revenue: 116M (+54% YoY)
- Gross profit: 116M (+54% YoY)
- Gross margin: 80%
- Customers: 2100
- Customers >100k ARR: 558 (+65% YoY)
- Customers >1M ARR: 58
- >300 of F2000
- Net dollar retention: 124%
Analysis