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HubSpot HUBS
$ 220.61 2.91%
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Quarterly report 2026-Q2
added 08-05-2026

HubSpot Income Statement 2025-2011 | HUBS

Brief overview of financial results at HubSpot

The overview follows changes across a five-year period. Revenue reported by HubSpot was 883 million dollars at the beginning of the period and 3.1 billion dollars at the end. Across the full period, sales moved by +254.6%; the average annual rate was 28.8%. The company expanded its revenue base at a high speed.

Gross profit changed from 716 million dollars to 2.6 billion dollars (+266.3%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Comparing the endpoints gives gross margins of 81.1% and 83.8%. Improving gross profitability strengthens the quality of revenue growth.

Over the period, EBITDA shifted from −13.8 million dollars to 144 million dollars, a change of +1143.5%. The operating result outpaced sales and points to improving efficiency. At the operating-margin level, the figure shifted from −1.6% to 4.6%. Higher profitability strengthens the quality of operating growth.

The net financial result changed from −85 million dollars to 45.9 million dollars. The trajectory reversed from a loss to positive earnings.

Financial takeaway

Positive developments coexist with areas of weakness. Key strengths include improving net profitability, revenue expansion and improving gross profitability. Caution is warranted because of limited operating profitability. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement HubSpot

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

- 40.1 B 31.3 B 17.5 B 30.9 B 17.7 B 7.73 B 5.86 B 3.52 B 1.76 B 1.35 B 389 M - - -

Shares

52.5 M 51.2 M 49.9 M 48.1 M 46.9 M 44.8 M 42 M 38.5 M 36.8 M 35.2 M 33.2 M 11.6 M - - -

Historical Prices

- 784 628 363 659 396 158 126 88.4 47 56.3 33.6 - - -

Net Income

45.9 M 4.63 M -176 M -113 M -77.8 M -85 M -53.7 M -63.8 M -39.7 M -45.6 M -46.1 M -48.2 M -34.3 M -18.8 M -24.4 M

Revenue

3.13 B 2.63 B 2.17 B 1.73 B 1.3 B 883 M 675 M 513 M 376 M 271 M 182 M 116 M 77.6 M 51.6 M 28.6 M

Cost of Revenue

508 M 393 M 338 M 308 M 259 M 167 M 130 M 100 M 75.7 M 61.9 M 47.9 M 37.1 M 29 M 16.8 M -

Gross Profit

2.62 B 2.23 B 1.83 B 1.42 B 1.04 B 716 M 545 M 413 M 300 M 209 M 134 M 78.8 M 48.6 M 34.8 M 16.5 M

Operating Income

7.38 M -67.6 M -201 M -103 M -54.8 M -50.8 M -47 M -48.3 M -40.1 M -44.7 M -46.5 M -48.6 M -34.2 M - -

Interest Expense

-3.26 M 17.3 M 3.8 M 3.76 M 30.3 M 37 M 22.8 M 21.4 M 13.2 M 265 K 185 K 322 K 20 K 63 K -

EBITDA

144 M 29.2 M -128 M -44.7 M -9.64 M -13.8 M -18.2 M -24.8 M -24.4 M -33.5 M -39.1 M -42.9 M -29.8 M -16 M -22.5 M

Operating Expenses

2.62 B 2.3 B 2.03 B 1.53 B 1.1 B 767 M 592 M 461 M 340 M 254 M 180 M 127 M 82.8 M 53.5 M 40.9 M

General and Administrative Expenses

326 M 300 M 250 M 198 M 145 M 109 M 93 M 75.8 M 56.8 M 45.1 M 35.4 M 23 M 14.7 M 7.97 M 6.77 M

All numbers in USD currency

Quarterly Income Statement HubSpot

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

50.6 M 52.5 M 52.5 M 52.7 M 52.2 M 51.8 M 51.4 M 51 M 50.7 M 50.1 M 49.7 M 49.4 M - 48.1 M 47.8 M 47.6 M 47.4 M 47 M 46.8 M 46.4 M 46.1 M 45.6 M 44.1 M 43.3 M 43 M 42.5 M 42.1 M 40.6 M 39.3 M 38.8 M 38.4 M 37.8 M 37.5 M 37 M 36.7 M 36.2 M 35.8 M 35.4 M 35 M 34.7 M 34.3 M 33.8 M 33.2 M 31.6 K 31.4 M 5.87 K 5.77 K 5.49 M 5.3 M 5.14 M - - - - - - - - - -

Net Income

43.3 M 32.6 M 16.5 M -3.26 M -21.8 M - 8.15 M -14.4 M 5.93 M -3.58 M -112 M -38.3 M - -31.4 M -56.4 M -9.34 M - -13.7 M -24.6 M -23.2 M -15.4 M -22.5 M -29.4 M -17.7 M -10.3 M -15 M -17.4 M -11.1 M -11.5 M -18.7 M -18.2 M -15.4 M -11.5 M -10.6 M -9.52 M -8.08 M -13.8 M -10.5 M -11.1 M -10.2 M -10.3 M -13.6 M -11.4 M -10.9 M -19.7 M -10.8 M -8.28 M -9.46 M -8.42 M -9.51 M -8.8 M -7.54 M - - - - - - - -

Revenue

912 M 881 M 810 M 761 M 714 M - 670 M 637 M 617 M 558 M 529 M 502 M - 444 M 422 M 396 M - 339 M 311 M 281 M 252 M 228 M 204 M 199 M 186 M 174 M 163 M 152 M 144 M 132 M 123 M 115 M 107 M 97.7 M 89.1 M 82.3 M 76.4 M 70.6 M 65 M 59 M 53.1 M 47.7 M 42.9 M 38.2 M 34.2 M 30.4 M 27.1 M 24.2 M 22.4 M 20.2 M 18.3 M 16.7 M - - - - - - - -

Cost of Revenue

161 M 146 M 134 M 122 M 115 M - 99.3 M 95.5 M 95.1 M 85.6 M 85 M 82 M - 82.1 M 78.9 M 72.9 M - 69.6 M 62.9 M 54.7 M 47.3 M 42.6 M 38.8 M 38.3 M 36 M 33.3 M 31.1 M 29.6 M 27.4 M 25.8 M 24.9 M 22.4 M 21.1 M 19 M 18.6 M 17.1 M 16.9 M 15.8 M 15.2 M 14 M 13.7 M 12.5 M 11.3 M 10.5 M 9.93 M 9.2 M 8.28 M 7.66 M 7.87 M 7.38 M 7.35 M 6.44 M - - - - - - - -

Gross Profit

751 M 735 M 676 M 639 M 599 M - 570 M 542 M 522 M 472 M 444 M 420 M - 362 M 343 M 323 M - 270 M 248 M 227 M 205 M 186 M 165 M 161 M 150 M 140 M 132 M 122 M 117 M 106 M 97.7 M 92.2 M 85.5 M 78.7 M 70.5 M 65.2 M 59.6 M 54.8 M 49.8 M 45 M 39.4 M 35.2 M 31.7 M 27.7 M 24.2 M 21.2 M 18.8 M 16.5 M 14.5 M 12.8 M 11 M 10.3 M - - - - - - - -

Operating Income

43.3 M 27.9 M 11.2 M -24.6 M -27.5 M - -9.63 M -23.9 M -23.2 M -18.6 M -116 M -44.8 M - -32.2 M -52.2 M -11.2 M - -14.9 M -16.6 M -15 M - -15.5 M -13.6 M -14.1 M - -14.1 M -15.7 M -9.04 M - -15 M -14.1 M -11.3 M - -12.1 M -10.6 M -8 M - -9.95 M -11 M -9.86 M - -13.3 M -11.3 M -11.4 M - -11 M -8.28 M -9.41 M - - - - - - - - - - - -

Interest Expense

-2.77 M -1.29 M -2.35 M 1.09 M -2.31 M - -565 K 1.78 M 13.2 M -1.66 M 937 K 930 K - 923 K 949 K 950 K - 7.8 M 7.18 M 9.4 M - 7.06 M 16.8 M 5.95 M - 5.76 M 5.67 M 5.51 M - 5.39 M 5.33 M 5.17 M - 5.06 M 2.83 M 52 K - 97 K 93 K 87 K - 31 K 79 K 32 K - 138 K 70 K 51 K - 3 K - - - - - - - - - -

EBITDA

128 M 68.2 M 19.9 M -15.7 M 1.35 M - -1.83 M -16.9 M -2 M -10.9 M -109 M -28.2 M - -24.8 M -45.4 M 1.64 M - 18.3 M -10.5 M -3.82 M - 11.6 M 4.06 M -5.39 M - 7.18 M -1.69 M -2.06 M - 1.49 M -3.51 M -6.21 M - -1 M -3.6 M -4.67 M - -1.96 M -5.81 M -7.66 M - -7.78 M -7.76 M -9.66 M - -6.13 M -5.23 M -7.97 M - 3.16 M - - - - - - - - - -

Operating Expenses

708 M 707 M 665 M 663 M 627 M - 580 M 566 M 546 M 490 M 560 M 464 M - 394 M 395 M 334 M - 285 M 265 M 242 M - 201 M 178 M 175 M - 154 M 148 M 131 M - 121 M 112 M 104 M - 90.8 M 81.1 M 73.2 M - 64.7 M 60.8 M 54.8 M - 48.5 M 43 M 39.1 M - 32.2 M 27.1 M 25.9 M - 22.3 M - - - - - - - - - -

General and Administrative Expenses

82.9 M 85.6 M 80.7 M 85 M 78.6 M - 77.9 M 72.6 M 68.9 M 61.3 M 61.2 M 57.4 M - 50.5 M 51.9 M 43.9 M - 36 M 34.6 M 32.2 M - 27.5 M 26.5 M 26.3 M - 23.3 M 23.3 M 21.2 M - 19.1 M 18 M 17.2 M - 14.1 M 14.5 M 13.1 M - 11.4 M 10.4 M 9.85 M - 9.53 M 8.54 M 7.72 M - 5.66 M 5.05 M 5.3 M - 3.29 M - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company HubSpot (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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