HashiCorp Results Presentation Deck

GAAP to Non-GAAP Reconciliations (Shares in Millions) Total net loss per share on a GAAP basis Add: Stock-based compensation expense¹ Add: Adjustment to total fully diluted earnings per share2 Non-GAAP net loss per share Weighted average shares, basic and diluted Q1 Q2 Q3 -$0.20 -$0.23 -$0.24 $0.05 $0.00 FY2020 56.1 $0.04 $0.04 Q4 -$0.23 $0.00 -$0.01 -$0.01 -$0.15 -$0.19 -$0.21 -$0.20 58.8 $0.04 59.4 60.2 FY2020 -$0.90 $0.16 $0.00 -$0.74 59.2 Q1 -$0.31 $0.03 $0.00 FY2021 61.1 Q2 -$0.78 $0.54 $0.03 -$0.28 -$0.23 Q3 -$0.14 $0.01 -$0.01 62.2 -$0.12 64.9 Q4 -$0.11 $0.03 $0.00 -$0.08 65.2 FY2021 -$1.32 $0.62 $0.00 -$0.70 63.4 Q1 -$0.24 $0.03 $0.00 -$0.21 65.7 FY2022 Q2 -$0.37 $0.02 $0.00 -$0.35 66.5 Q3 -$0.33 $0.02 $0.00 -$0.31 66.8 Q4 -$1.70 $1.47 -$0.01 -$0.24 133.6 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. The sum of the fully diluted earnings per share impact of individual reconciling items may not total to fully diluted Non-GAAP net loss per share due to the weighted-average shares used in computing the GAAP net loss per share differs from the weighted-average shares used in computing the Non-GAAP net loss per share and due to rounding of the individual reconciling items. The GAAP net loss per share calculation uses a lower share count as it excludes potentially dilutive shares, which are included in calculating the non-GAAP loss per share. Q FY2022 -$3.48 $2.41 $0.00 -$1.07 83.3 23

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