Hubspot Inc income statement
In fiscal 2025, Hubspot Inc reported revenue of $3.13bn, up 19.2% on the year before, operating income of $7.4m (a 0.2% margin) and net income of $45.9m, or $0.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 78 | 116 | 182 | 271 | 376 | 513 | 675 | 883 | 1,301 | 1,731 | 2,170 | 2,628 | 3,131 | 3,449 |
| Cost of revenue | 17 | 28 | 35 | 48 | 62 | 76 | 100 | 130 | 167 | 259 | 308 | 338 | 393 | 508 | 578 |
| Gross profit | 35 | 50 | 81 | 134 | 209 | 300 | 413 | 545 | 716 | 1,042 | 1,423 | 1,832 | 2,234 | 2,623 | 2,871 |
| Research and development | 11 | 15 | 26 | 32 | 46 | 70 | 118 | 158 | 206 | 302 | 442 | 618 | 779 | 906 | 909 |
| Selling and marketing | 35 | 53 | 79 | 113 | 163 | 213 | 267 | 341 | 452 | 650 | 886 | 1,069 | 1,219 | 1,379 | 1,497 |
| General and administrative | 8 | 16 | 25 | 35 | 45 | 57 | 76 | 93 | 109 | 145 | 198 | 250 | 300 | 326 | 331 |
| Operating income | — | −34 | −49 | −46 | −45 | −40 | −48 | −47 | −51 | −55 | −103 | −201 | −68 | 7 | 131 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 13 | 21 | 23 | 37 | 30 | 4 | 4 | 4 | 1 | 1 |
| Income before tax | −19 | −34 | −48 | −46 | −45 | −50 | −62 | −51 | −81 | −74 | −98 | −151 | 29 | 69 | 174 |
| Income tax | — | — | −0 | 0 | 1 | −10 | 2 | 3 | 4 | 4 | 9 | 14 | 24 | 24 | 27 |
| Net income | −19 | −34 | −48 | −46 | −46 | −40 | −64 | −54 | −85 | −78 | −107 | −165 | 5 | 46 | 147 |
| Diluted EPS | −$1.34 | −$2.24 | −$1.40 | −$1.39 | −$1.29 | −$1.08 | −$1.66 | −$1.28 | −$1.90 | −$1.66 | −$2.23 | −$3.30 | $0.09 | $0.86 | $2.78 |
| Diluted shares (average) | 14m | 15m | 35m | 33m | 35m | 37m | 39m | 42m | 45m | 47m | 48m | 50m | 52m | 53m | 53m |
| EBITDA | — | −30 | −43 | −39 | −33 | −24 | −25 | −18 | −14 | −10 | −45 | −128 | 29 | 144 | 228 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 670 | 703 | 714 | 761 | 810 | 847 | 881 | 912 |
| Cost of revenue | 99 | 103 | 115 | 122 | 134 | 138 | 146 | 161 |
| Gross profit | 570 | 600 | 599 | 639 | 676 | 709 | 735 | 751 |
| Research and development | 191 | 214 | 220 | 237 | 228 | 221 | 234 | 226 |
| Selling and marketing | 310 | 315 | 327 | 340 | 355 | 358 | 386 | 398 |
| General and administrative | 78 | 81 | 79 | 85 | 81 | 82 | 86 | 83 |
| Operating income | −10 | −11 | −27 | −25 | 11 | 48 | 28 | 43 |
| Interest expense | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 11 | 13 | −10 | −5 | 23 | 62 | 39 | 50 |
| Income tax | 3 | 8 | 12 | −2 | 7 | 7 | 7 | 6 |
| Net income | 8 | 5 | −22 | −3 | 17 | 54 | 33 | 43 |
| Diluted EPS | $0.16 | $0.10 | −$0.42 | −$0.06 | $0.31 | $1.02 | $0.62 | $0.86 |
| EBITDA | −2 | 18 | 1 | −16 | 20 | 87 | 68 | 53 |
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