Hashicorp

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
  • Cost of Revenue
    • Cost of subscription revenue:
      • personnel costs for customer support & maintenance
      • 3rd party cloud infrastructure costs

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

 

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