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Hubspot Inc Financials

HUBS
Source SEC Filings (10-K/10-Q) Updated Feb 11, 2026 Currency USD FYE February

This page shows Hubspot Inc (HUBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 39 / 100
Financial Profile 39/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
1

Hubspot Inc has an operating margin of 0.2%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 1/100, suggesting thin profitability after operating expenses. This is up from -2.6% the prior year.

Growth
0

Hubspot Inc's revenue declined 99.9% year-over-year, from $2.6B to $3.1M. This contraction results in a growth score of 0/100.

Leverage
79

Hubspot Inc carries a low D/E ratio of 0.87, meaning only $0.87 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
47

Hubspot Inc's current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
100

Hubspot Inc converts 23.1% of revenue into free cash flow ($708K). This strong cash generation earns a score of 100/100.

Returns
9

Hubspot Inc generates a 2.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is up from 0.2% the prior year.

Altman Z-Score Safe
4238.01

Hubspot Inc scores 4238.01, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($12.6B) relative to total liabilities ($1.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Hubspot Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
16.57x

For every $1 of reported earnings, Hubspot Inc generates $16.57 in operating cash flow ($761K OCF vs $46K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
8198.9x

Hubspot Inc earns $8198.9 in operating income for every $1 of interest expense ($7K vs $1). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Revenue
$3.1M
YoY-99.9%
5Y CAGR-67.8%
10Y CAGR-33.5%

Hubspot Inc generated $3.1M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

EBITDA
$144K
YoY-99.5%

Hubspot Inc's EBITDA was $144K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.5% from the prior year.

Free Cash Flow
$708K
YoY-99.9%
5Y CAGR-57.6%

Hubspot Inc generated $708K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 99.9% from the prior year.

Net Income
$46K
YoY-99.0%

Hubspot Inc reported $46K in net income in fiscal year 2025. This represents a decrease of 99.0% from the prior year.

EPS (Diluted)
$0.86
YoY+855.6%

Hubspot Inc earned $0.86 per diluted share (EPS) in fiscal year 2025. This represents an increase of 855.6% from the prior year.

Cash & Debt
$882K
YoY-99.8%
5Y CAGR-70.2%
10Y CAGR-33.9%

Hubspot Inc held $882K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
53M
YoY+1.1%
5Y CAGR+2.6%
10Y CAGR+4.3%

Hubspot Inc had 53M shares outstanding in fiscal year 2025. This represents an increase of 1.1% from the prior year.

Gross Margin
85.6%
YoY+0.6pp
5Y CAGR+4.5pp
10Y CAGR+11.9pp

Hubspot Inc's gross margin was 85.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin
0.2%
YoY+2.8pp
5Y CAGR+6.0pp
10Y CAGR+25.8pp

Hubspot Inc's operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is up 2.8 percentage points from the prior year.

Net Margin
1.5%
YoY+1.3pp
5Y CAGR+11.1pp
10Y CAGR+26.8pp

Hubspot Inc's net profit margin was 1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.

Return on Equity
2.2%
YoY+2.0pp

Hubspot Inc's ROE was 2.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

R&D Spending
$906K
YoY-99.9%
5Y CAGR-66.2%
10Y CAGR-30.1%

Hubspot Inc invested $906K in research and development in fiscal year 2025. This represents a decrease of 99.9% from the prior year.

Share Buybacks
$500K

Hubspot Inc spent $500K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$53K
YoY-99.9%
5Y CAGR-73.0%
10Y CAGR-39.7%

Hubspot Inc invested $53K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.

HUBS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $846.7M+4.6% $809.5M+6.4% $760.9M+6.5% $714.1M+1.6% $703.2M+5.0% $669.7M+5.1% $637.2M+3.2% $617.4M
Cost of Revenue $137.7M+3.1% $133.5M+9.3% $122.2M+6.1% $115.1M+11.4% $103.3M+4.0% $99.3M+4.0% $95.5M+0.5% $95.1M
Gross Profit $709.0M+4.9% $676.0M+5.8% $638.7M+6.6% $599.0M-0.1% $599.8M+5.2% $570.4M+5.3% $541.7M+3.7% $522.3M
R&D Expenses $220.8M-3.0% $227.7M-4.1% $237.3M+7.8% $220.1M+3.0% $213.7M+11.8% $191.2M-3.5% $198.2M+12.8% $175.6M
SG&A Expenses $81.7M+1.1% $80.7M-5.0% $85.0M+8.1% $78.6M-2.9% $80.9M+3.9% $77.9M+7.3% $72.6M+5.4% $68.9M
Operating Income $48.2M+329.4% $11.2M+145.6% -$24.6M+10.4% -$27.5M-154.4% -$10.8M-12.2% -$9.6M+59.8% -$23.9M-3.0% -$23.2M
Interest Expense $1K-75.0% $4K-98.2% $227K-64.8% $644K-32.1% $949K+1.4% $936K+3.9% $901K-3.6% $935K
Income Tax $7.2M+9.5% $6.6M+400.1% -$2.2M-118.4% $11.9M+48.9% $8.0M+220.1% $2.5M-78.7% $11.8M+558.1% $1.8M
Net Income $54.4M+229.1% $16.5M+607.6% -$3.3M+85.1% -$21.8M-537.3% $5.0M-38.8% $8.1M+156.4% -$14.4M-343.3% $5.9M
EPS (Diluted) $1.03+232.3% $0.31+616.7% $-0.06+85.7% $-0.42-566.7% $0.09-43.8% $0.16+157.1% $-0.28-333.3% $0.12

HUBS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $3.9B+10.0% $3.5B-4.9% $3.7B-5.5% $3.9B+2.6% $3.8B+6.7% $3.6B+6.0% $3.4B+5.1% $3.2B
Current Assets $2.4B+15.9% $2.1B-8.5% $2.3B-11.6% $2.6B-0.7% $2.6B+8.0% $2.4B+9.1% $2.2B+12.6% $2.0B
Cash & Equivalents $882.2M+43.6% $614.4M+2.2% $601.2M-3.8% $625.0M+21.9% $512.7M+25.0% $410.1M-48.6% $797.9M+78.2% $447.8M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $419.1M+33.3% $314.5M-2.1% $321.1M+9.0% $294.5M-12.0% $334.8M+20.1% $278.9M+3.3% $269.9M+1.1% $266.9M
Goodwill $291.5M+6.1% $274.8M0.0% $274.7M+7.7% $255.0M+21.7% $209.5M+20.3% $174.2M+0.3% $173.6M-0.1% $173.7M
Total Liabilities $1.8B+8.6% $1.6B+1.7% $1.6B-14.4% $1.9B+0.2% $1.9B+4.6% $1.8B+2.9% $1.8B+0.6% $1.7B
Current Liabilities $1.5B+11.5% $1.3B+2.3% $1.3B-18.4% $1.6B+0.2% $1.6B+5.7% $1.5B+3.6% $1.4B+49.8% $959.6M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $2.1B+11.3% $1.9B-10.1% $2.1B+3.0% $2.0B+5.0% $1.9B+8.9% $1.8B+9.4% $1.6B+10.5% $1.4B
Retained Earnings -$753.9M+6.7% -$808.3M+2.0% -$824.9M-0.4% -$821.6M-2.7% -$799.8M+0.6% -$804.8M+1.0% -$812.9M-1.8% -$798.5M

HUBS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $247.4M+32.1% $187.4M+14.0% $164.4M+1.7% $161.6M-16.8% $194.1M+21.7% $159.5M+35.4% $117.8M-7.3% $127.1M
Capital Expenditures $13.4M+30.0% $10.3M-35.4% $16.0M+20.1% $13.3M+4.9% $12.7M+14.3% $11.1M+35.7% $8.2M+39.4% $5.9M
Free Cash Flow $234.0M+32.2% $177.0M+19.3% $148.3M+0.1% $148.2M-18.3% $181.4M+22.2% $148.4M+35.4% $109.6M-9.6% $121.2M
Investing Cash Flow $30.4M-82.1% $170.2M-36.6% $268.6M+1090.5% $22.6M+126.4% -$85.5M+85.0% -$569.4M-367.1% $213.2M+387.5% -$74.1M
Financing Cash Flow -$9.5M+97.2% -$340.6M+29.0% -$479.6M-497.1% -$80.3M-898.4% $10.1M-13.8% $11.7M-43.3% $20.6M+84.7% $11.2M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $14.7M-95.9% $360.3M N/A N/A N/A N/A N/A N/A

HUBS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 83.7%+0.2pp 83.5%-0.4pp 83.9%+0.1pp 83.9%-1.4pp 85.3%+0.1pp 85.2%+0.2pp 85.0%+0.4pp 84.6%
Operating Margin 5.7%+4.3pp 1.4%+4.6pp -3.2%+0.6pp -3.9%-2.3pp -1.5%-0.1pp -1.4%+2.3pp -3.8%0.0pp -3.8%
Net Margin 6.4%+4.4pp 2.0%+2.5pp -0.4%+2.6pp -3.0%-3.8pp 0.7%-0.5pp 1.2%+3.5pp -2.3%-3.2pp 1.0%
Return on Equity 2.6%+1.7pp 0.9% N/A N/A 0.3%-0.2pp 0.5% N/A 0.4%
Return on Assets 1.4%+0.9pp 0.5%+0.6pp -0.1%+0.5pp -0.6%-0.7pp 0.1%-0.1pp 0.2%+0.7pp -0.4%-0.6pp 0.2%
Current Ratio 1.67+0.1 1.61-0.2 1.79+0.1 1.66-0.0 1.67+0.0 1.64+0.1 1.56-0.5 2.07
Debt-to-Equity 0.87-0.0 0.89+0.1 0.78-0.2 0.94-0.0 0.99-0.0 1.03-0.1 1.10-0.1 1.20
FCF Margin 27.6%+5.8pp 21.9%+2.4pp 19.5%-1.3pp 20.8%-5.0pp 25.8%+3.6pp 22.2%+5.0pp 17.2%-2.4pp 19.6%

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Frequently Asked Questions

What is Hubspot Inc's annual revenue?

Hubspot Inc (HUBS) reported $3.1M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hubspot Inc's revenue growing?

Hubspot Inc (HUBS) revenue declined by 99.9% year-over-year, from $2.6B to $3.1M in fiscal year 2025.

Is Hubspot Inc profitable?

Yes, Hubspot Inc (HUBS) reported a net income of $46K in fiscal year 2025, with a net profit margin of 1.5%.

What is Hubspot Inc's earnings per share (EPS)?

Hubspot Inc (HUBS) reported diluted earnings per share of $0.86 for fiscal year 2025. This represents a 855.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Hubspot Inc's EBITDA?

Hubspot Inc (HUBS) had EBITDA of $144K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Hubspot Inc's gross margin?

Hubspot Inc (HUBS) had a gross margin of 85.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Hubspot Inc's operating margin?

Hubspot Inc (HUBS) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Hubspot Inc's net profit margin?

Hubspot Inc (HUBS) had a net profit margin of 1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Hubspot Inc's return on equity (ROE)?

Hubspot Inc (HUBS) has a return on equity of 2.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hubspot Inc's free cash flow?

Hubspot Inc (HUBS) generated $708K in free cash flow during fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hubspot Inc's operating cash flow?

Hubspot Inc (HUBS) generated $761K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hubspot Inc's total assets?

Hubspot Inc (HUBS) had $3.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hubspot Inc's capital expenditures?

Hubspot Inc (HUBS) invested $53K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Hubspot Inc spend on research and development?

Hubspot Inc (HUBS) invested $906K in research and development during fiscal year 2025.

Does Hubspot Inc buy back shares?

Yes, Hubspot Inc (HUBS) spent $500K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Hubspot Inc have outstanding?

Hubspot Inc (HUBS) had 53M shares outstanding as of fiscal year 2025.

What is Hubspot Inc's current ratio?

Hubspot Inc (HUBS) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.

What is Hubspot Inc's debt-to-equity ratio?

Hubspot Inc (HUBS) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hubspot Inc's return on assets (ROA)?

Hubspot Inc (HUBS) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hubspot Inc's Altman Z-Score?

Hubspot Inc (HUBS) has an Altman Z-Score of 4238.01, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Hubspot Inc's Piotroski F-Score?

Hubspot Inc (HUBS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hubspot Inc's earnings high quality?

Hubspot Inc (HUBS) has an earnings quality ratio of 16.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Hubspot Inc cover its interest payments?

Hubspot Inc (HUBS) has an interest coverage ratio of 8198.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Hubspot Inc?

Hubspot Inc (HUBS) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.