TopBuild CorpBLDEarnings & Financial Report
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
Revenue
$1.3B
Gross Profit
$394.0M
Operating Profit
$219.8M
Net Profit
$151.6M
Gross Margin
30.4%
Operating Margin
16.9%
Net Margin
11.7%
YoY Growth
-5.0%
EPS
$5.32
TopBuild Corp Q2 FY2025 Financial Summary
TopBuild Corp reported revenue of $1.3B (down 5.0% YoY) for Q2 FY2025, with a net profit of $151.6M (up 0.6% YoY) (11.7% margin). Cost of goods sold was $903.4M, operating expenses totaled $174.3M.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $151.6M |
| Gross Margin | 30.4% |
| Operating Margin | 16.9% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
TopBuild Corp Q2 FY2025 revenue of $1.3B breaks down across 3 segments, led by Residential at $650.9M (50.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Residential | $650.9M | 50.2% |
| Insulation And Accessories | $624.7M | 48.2% |
| Rain Gutters | $28.9M | 2.2% |
TopBuild Corp Revenue by Segment — Quarterly Trend
TopBuild Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Residential and Insulation And Accessories) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Residential | $557.9M | — | $650.9M | — |
| Insulation And Accessories | — | $609.6M | $624.7M | $596.3M |
| Rain Gutters | $27.1M | — | $28.9M | $24.9M |
TopBuild Corp Annual Revenue by Year
TopBuild Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.4B |
| 2024 | $5.3B |
| 2023 | $5.2B |
| 2022 | $5.0B |
TopBuild Corp Quarterly Revenue & Net Profit History
TopBuild Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.5B | +13.2% | $104.5M | 7.0% |
| Q3 FY2025 | $1.4B | +1.4% | $142.2M | 10.2% |
| Q2 FY2025 | $1.3B | -5.0% | $151.6M | 11.7% |
| Q1 FY2025 | $1.2B | -3.6% | $123.4M | 10.0% |
| Q4 FY2024 | $1.3B | +2.0% | $150.5M | 11.5% |
| Q3 FY2024 | $1.4B | +3.6% | $169.0M | 12.3% |
| Q2 FY2024 | $1.4B | +3.7% | $150.7M | 11.0% |
| Q1 FY2024 | $1.3B | +1.1% | $152.4M | 11.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.37B | $1.37B | $1.31B | $1.23B | $1.30B | $1.39B | $1.49B |
| YoY Growth | 1.1% | 3.7% | 3.6% | 2.0% | -3.6% | -5.0% | 1.4% | 13.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.31B | $4.90B | $4.65B | $4.74B | $4.60B | $5.12B | $6.41B | $6.61B |
| Liabilities | $2.60B | $2.55B | $2.54B | $2.53B | $2.48B | $2.98B | $4.19B | $4.29B |
| Equity | $2.71B | $2.36B | $2.11B | $2.21B | $2.12B | $2.14B | $2.22B | $2.32B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $178.8M | $90.4M | $240.7M | $266.2M | $152.6M | $193.7M | $233.3M | $176.7M |