HUBS
$204.98+3.70%
as of close, Sep 30, 2026
☾ AH $204.98 +3.70%
HubSpot Inc.Stock · TechnologyRussell 1000 0.01%Russell 3000 0.01%US Stock Market 0.01%MSCI World 0.01%
HUBS financial statements
The full income statement, balance sheet, and cash-flow statement for HubSpot Inc. (HUBS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 51.3M2024-09 51.6M2024-12 52.2M2025-03 52.7M2025-06 52.7M2025-09 52.4M2025-12 52.7M2026-03 51.2M2026-06 49.9M-2.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 3.13B+19.2% | 2.63B+21.1% | 2.17B+25.4% | 1.73B+33.1% | 1.30B+47.3% | |
| 2.62B+17.4% | 2.23B+22.0% | 1.83B+28.7% | 1.42B+36.6% | 1.04B+45.5% | ||
| Cost of revenue | 508M+29.3% | 393M+16.2% | 338M+9.9% | 308M+19.0% | 259M+55.0% | |
| 2.62B+13.6% | 2.30B+13.2% | 2.03B+33.2% | 1.53B+39.1% | 1.10B+43.0% | ||
| Research & development | 906M+16.3% | 779M+26.1% | 618M+39.8% | 442M+46.4% | 302M+46.9% | |
| Selling, general & administrative | 326M+8.6% | 300M+20.3% | 250M+26.3% | 198M+36.4% | 145M+32.7% | |
| General & administrative | 326M+8.6% | 300M+20.3% | 250M+26.3% | 198M+36.4% | 145M+32.7% | |
| Selling & marketing | 1.38B+13.2% | 1.22B+14.1% | 1.07B+20.6% | 886M+36.4% | 650M+43.7% | |
| Restructuring | 4.04M+1.2% | 3.99M-95.9% | 96.8M | — | — | |
| Amortization of intangibles | 12.1M+26.0% | 9.60M+81.1% | 5.30M+103.8% | 2.60M+100.0% | 1.30M-50.0% | |
| Provision for credit losses | 24.9M+25.6% | 19.9M+5.2% | 18.9M+63.5% | 11.5M+88.0% | 6.14M-27.7% | |
| Operating income | 7.38M+110.9% | -67.6M+66.4% | -201M-95.3% | -103M-87.7% | -54.8M-7.8% | |
| Interest expense | 876K-76.5% | 3.72M-2.1% | 3.80M+1.0% | 3.76M-87.6% | 30.3M-18.3% | |
| Interest & investment income | 66.2M-19.9% | 82.7M+40.6% | 58.8M+292.2% | 15.0M+1178.8% | 1.17M-84.9% | |
| Other non-operating income | -3.26M-118.8% | 17.3M+470.1% | -4.67M+31.6% | -6.83M-167.7% | 10.1M+1519.1% | |
| Pre-tax income | 69.5M+142.2% | 28.7M+119.0% | -151M-52.9% | -98.5M-33.4% | -73.8M+8.7% | |
| Income tax | 23.6M-2.1% | 24.0M+72.6% | 13.9M+56.7% | 8.89M+121.3% | 4.02M-4.7% | |
| Net income | 45.9M+892.0% | 4.63M+102.8% | -165M-53.3% | -107M-37.9% | -77.8M+8.5% | |
| $0.86+855.6% | $0.09+102.7% | -$3.30-48.0% | -$2.23-34.3% | -$1.66+12.6% | ||
| EPS (basic) | $0.88+877.8% | $0.09+102.7% | -$3.30-48.0% | -$2.23-34.3% | -$1.66+12.6% | |
| Weighted-avg shares (basic) | 52.5M+2.5% | 51.2M+2.6% | 49.9M+3.8% | 48.1M+2.5% | 46.9M+4.8% | |
| Weighted-avg shares (diluted) | 53.2M+2.7% | 51.8M+3.9% | 49.9M+3.8% | 48.1M+2.5% | 46.9M+4.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.45B-7.0% | 2.63B+40.7% | 1.87B+6.7% | 1.75B+20.7% | 1.45B-0.2% | ||
| Cash & equivalents | 882M+72.1% | 513M+32.1% | 388M+17.2% | 331M-12.2% | 377M-0.3% | |
| Accounts receivable | 419M+25.2% | 335M+13.4% | 295M+30.2% | 227M+44.2% | 157M+24.5% | |
| Prepaid expenses | 101M+24.8% | 80.6M-9.1% | 88.7M+101.2% | 44.1M+14.8% | 38.4M+10.6% | |
| 3.85B+1.5% | 3.80B+23.6% | 3.07B+20.7% | 2.54B+17.0% | 2.17B+10.2% | ||
| Property, plant & equipment | 142M+24.3% | 114M+10.5% | 103M-1.8% | 105M+9.5% | 96.1M-4.9% | |
| Operating lease right-of-use | 201M-7.1% | 216M-13.9% | 251M-21.4% | 319M+13.7% | 281M+1.8% | |
| Goodwill | 291M+39.1% | 210M+20.6% | 174M+275.9% | 46.2M-1.8% | 47.1M+50.3% | |
| Intangible assets | 35.2M-6.2% | 37.6M-11.2% | 42.3M+142.6% | 17.4M+65.1% | 10.6M+2.8% | |
| Other non-current assets | 166M+43.7% | 115M+53.2% | 75.2M+28.0% | 58.8M+101.0% | 29.2M+110.5% | |
| 1.47B-6.7% | 1.57B+67.0% | 942M+24.8% | 755M+22.2% | 617M+38.6% | ||
| Accounts payable | 24.8M+578.7% | 3.65M-59.9% | 9.11M-56.4% | 20.9M+653.1% | 2.77M-79.5% | |
| Deferred revenue | 1.00B+28.1% | 784M+16.7% | 672M+24.5% | 540M+25.4% | 430M+37.6% | |
| Current lease liability | 39.7M+21.4% | 32.7M-6.7% | 35.0M-2.5% | 35.9M+36.3% | 26.4M-12.2% | |
| 1.79B-5.3% | 1.89B+8.7% | 1.74B+12.1% | 1.55B+19.1% | 1.30B+7.5% | ||
| Deferred revenue (non-current) | 8.49M+114.0% | 3.97M-31.7% | 5.81M-1.6% | 5.90M+32.0% | 4.47M+23.0% | |
| Non-current lease liability | 223M-12.5% | 255M-14.2% | 297M-6.2% | 316M+11.4% | 284M+1.5% | |
| Operating lease liability (total) | 262M-8.7% | 287M-13.4% | 332M-5.8% | 352M+13.5% | 310M+0.2% | |
| Other non-current liabilities | 89.3M+60.6% | 55.6M+52.6% | 36.5M+89.9% | 19.2M+58.3% | 12.1M+12.2% | |
| 2.07B+8.3% | 1.91B+43.0% | 1.33B+34.1% | 995M+14.2% | 871M+14.2% | ||
| Common stock | 53.0K+1.9% | 52.0K+4.0% | 50.0K+2.0% | 49.0K+4.3% | 47.0K+2.2% | |
| Additional paid-in capital | 2.81B+3.7% | 2.71B+27.0% | 2.14B+29.7% | 1.65B+14.7% | 1.44B+15.7% | |
| Retained earnings | -754M+5.7% | -800M+0.6% | -804M-25.7% | -640M-14.1% | -561M-16.1% | |
| Treasury stock | 2.00K | — | — | — | — | |
| Accumulated other comprehensive income | 5.24M+192.7% | -5.65M-409.5% | 1.83M+114.2% | -12.9M-862.7% | -1.34M-129.1% | |
| Total liabilities & equity | 3.85B+1.5% | 3.80B+23.6% | 3.07B+20.7% | 2.54B+17.0% | 2.17B+10.2% | |
| Common shares issued | 54.8M+4.1% | 52.7M+2.5% | 51.4M+2.5% | 50.1M+3.8% | 48.3M+4.7% | |
| Common shares outstanding | 52.6M+1.5% | 51.8M+2.6% | 50.4M+2.5% | 49.2M+3.9% | 47.4M+2.8% | |
| Shares outstanding (cover) | 52.7M+1.1% | 52.2M+2.9% | 50.7M+2.6% | 49.4M+3.8% | 47.6M+2.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 761M+27.1% | 599M+70.6% | 351M+28.5% | 273M+14.4% | 239M+168.5% | ||
| Depreciation & amortization | 136M+40.8% | 96.8M+33.2% | 72.7M+25.0% | 58.1M+28.8% | 45.2M+21.9% | |
| Intangible amortization | 12.1M+26.0% | 9.60M+81.1% | 5.30M+103.8% | 2.60M+100.0% | 1.30M-50.0% | |
| Share-based compensation | 528M+4.6% | 505M+16.8% | 432M+56.7% | 276M+65.4% | 167M+37.3% | |
| Deferred income taxes | -2.00K-100.1% | 2.69M+389.1% | 550K+142.8% | -1.28M+55.2% | -2.87M-31.3% | |
| Change in receivables | 64.0M+32.2% | 48.4M-15.9% | 57.6M-22.1% | 74.0M+116.9% | 34.1M+13.8% | |
| Change in payables | 19.0M+515.1% | -4.58M+67.4% | -14.0M-176.8% | 18.3M+272.3% | -10.6M-386.9% | |
| 492M+195.3% | -516M-54.1% | -335M-4.7% | -320M-78.1% | -180M+16.7% | ||
| Capital expenditure | 53.2M+40.1% | 37.9M+12.5% | 33.7M-9.9% | 37.4M+30.3% | 28.7M-22.9% | |
| Free cash flow | 708M+26.2% | 561M+76.7% | 317M+34.6% | 236M+12.3% | 210M+306.7% | |
| Acquisitions | 87.6M+116.6% | 40.4M-71.5% | 142M | 0.00-100.0% | 16.8M | |
| Sales/maturities of investments | 2.24B+34.9% | 1.66B+10.4% | 1.50B+26.8% | 1.18B-14.6% | 1.39B+2.6% | |
| -910M-1801.1% | 53.5M+44.5% | 37.0M+398.3% | 7.43M+114.4% | -51.5M-123.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 460M+806586.0% | 57.0K+338.5% | 13.0K-99.2% | 1.62M | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 500M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 368M+195.3% | 125M+115.5% | 57.9M+226.2% | -45.9M-4032.2% | -1.11M-101.1% | |
| Interest paid | 422K-75.5% | 1.72M-0.1% | 1.72M-1.4% | 1.75M-5.3% | 1.84M+21.9% | |
| Income taxes paid | 19.3M+58.5% | 12.2M-5.6% | 12.9M+175.6% | 4.68M-32.8% | 6.97M+202.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 21.2B-41.8% | 36.3B+24.4% | 29.2B+108.0% | 14.0B-55.2% | 31.4B+70.7% | |
| P/E | 461.0×-94.1% | 7851.9× | — | — | — | |
| P/S | 6.8×-51.1% | 13.8×-2.6% | 14.2×+64.8% | 8.6×-64.3% | 24.1×+15.9% | |
| P/B | 10.2×-46.2% | 19.0×-21.8% | 24.4×+57.3% | 15.5×-57.0% | 36.0×+49.5% | |
| P/FCF | 29.9×-53.8% | 64.8×-32.2% | 95.6×+60.5% | 59.6×-60.1% | 149.3×-58.0% | |
| Earnings yield | 0.22%+1603.3% | 0.01% | — | — | — | |
| FCF yield | 3.3%+116.7% | 1.5%+47.5% | 1.0%-37.7% | 1.7%+150.6% | 0.67%+138.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HUBS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HUBS filings on SEC EDGAR → Not investment advice.