HashiCorp Results Presentation Deck
GAAP to Non-GAAP Reconciliations
($ Millions)
Total GAAP Operating Expenses
Less: Stock-based compensation expense¹
Total non-GAAP Operating Expenses
Q1
$30.6
$2.9
$27.7
Q2
$35.1
$2.0
$33.1
FY2020
Q3
$42.1
$2.0
$40.2
Q4
$45.7
$2.0
$43.7
FY2020
$153.6
$9.0
$144.6
Q1
$54.7
$1.8
$53.0
Q2
$88.4
$32.9
$55.5
FY2021
Q3
$54.2
$1.6
$52.6
Q4
$57.5
$1.6
$55.9
FY2021
$254.8
$37.9
$217.0
Q1
$69.7
$1.6
$68.0
Q2
$87.3
$1.4
$85.9
FY2022
Q3
$92.6
$1.3
$91.3
Q4
$297.0
$182.2
$114.8
1. In connection with tender offers and secondary sales of our common stock, stock-based compensation expense for fiscal 2020 and fiscal 2021, included $1.5 million and $32.1 million of expense,
respectively, related to the amount paid in excess of the estimated fair value of common stock as of the date of the transactions.
2
FY2022
$546.6
$186.6
$360.0
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