Shares of HashiCorp, Inc. (HCP) are down more than 17% Friday morning, after reporting wider loss in the first quarter. HashiCorp provides multi-cloud infrastructure automation solutions.
Net loss in the first quarter widened to $78.2 million from $15.6 million loss in the same period last year.
Net loss per share was $0.43 based on 182.9 million shares outstanding in the first quarter, compared with loss per share of $0.24 based on 65.7 million shares outstanding in the same period last year.
Excluding one-time items, loss was $31.8 million or $0.17 per share, that beat the average estimate of analysts polled by Thomson Reuters of $0.29 loss per share.
Revenue for the quarter, however, increased 51% year-over-year to $100.9 million.
HCP, currently at $34.00, has traded in the range of $29.26-$102.95 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.