HubSpot (HUBS) Financials

$546.91 +19.35 (+3.67%)

Closing price 03:59 PM Eastern

Extended Trading

$540.50 -6.41 (-1.17%)

As of 07:57 PM Eastern

Annual Income Statements for HubSpot

This table shows HubSpot's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-46	-46	-40	-64	-54	-85	-78	-107	-165	4.63
Consolidated Net Income / (Loss)	-46	-46	-40	-64	-54	-85	-78	-107	-165	4.63
Net Income / (Loss) Continuing Operations	-46	-46	-40	-64	-54	-85	-78	-107	-165	4.63
Total Pre-Tax Income	-46	-45	-50	-62	-51	-81	-74	-98	-151	29
Total Operating Income	-46	-45	-40	-48	-47	-51	-55	-103	-201	-68
Total Gross Profit	134	209	300	413	545	716	1,042	1,423	1,832	2,234
Total Revenue	182	271	376	513	675	883	1,301	1,731	2,170	2,628
Operating Revenue	182	271	376	513	675	883	1,301	1,731	2,170	2,628
Total Cost of Revenue	48	62	76	100	130	167	259	308	338	393
Operating Cost of Revenue	48	62	76	100	130	167	259	308	338	393
Total Operating Expenses	180	254	340	461	592	767	1,097	1,526	2,033	2,302
Selling, General & Admin Expense	35	45	57	76	93	109	145	198	250	300
Marketing Expense	113	163	213	267	341	452	650	886	1,069	1,219
Research & Development Expense	32	46	70	118	158	206	302	442	618	779
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	97	3.99
Total Other Income / (Expense), net	0.83	-0.37	-9.90	-14	-3.78	-30	-19	4.41	50	96
Interest Expense	0.19	0.27	13	21	23	37	30	3.76	3.80	3.72
Interest & Investment Income	0.39	0.85	3.84	9.18	19	7.77	1.17	15	59	83
Other Income / (Expense), net	0.63	-0.96	-0.56	-1.49	-0.39	-0.71	10	-6.83	-4.67	17
Income Tax Expense	0.41	0.53	-10	1.87	2.97	4.22	4.02	8.89	14	24
Basic Earnings per Share	($1.39)	($1.29)	($1.08)	($1.66)	($1.28)	($1.90)	($1.66)	($2.23)	($3.30)	$0.09
Weighted Average Basic Shares Outstanding	33.22M	35.20M	36.83M	38.53M	42.03M	44.76M	46.89M	48.07M	49.88M	51.18M
Diluted Earnings per Share	($1.39)	($1.29)	($1.08)	($1.66)	($1.28)	($1.90)	($1.66)	($2.23)	($3.30)	$0.09
Weighted Average Diluted Shares Outstanding	33.22M	35.20M	36.83M	38.53M	42.03M	44.76M	46.89M	48.07M	49.88M	51.82M
Weighted Average Basic & Diluted Shares Outstanding	33.22M	35.20M	36.83M	38.53M	42.03M	44.76M	46.89M	49.39M	50.67M	52.15M

This table shows HubSpot's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-31	-10	-37	-112	-3.58	-12	5.93	-14	8.15	4.98
Consolidated Net Income / (Loss)	-31	-10	-37	-112	-3.58	-12	5.93	-14	8.15	4.98
Net Income / (Loss) Continuing Operations	-31	-10	-37	-112	-3.58	-12	5.93	-14	8.15	4.98
Total Pre-Tax Income	-30	-6.65	-34	-103	-4.99	-8.05	7.72	-2.68	11	13
Total Operating Income	-32	-7.25	-43	-116	-19	-23	-23	-24	-9.63	-11
Total Gross Profit	362	396	421	444	472	494	522	542	570	600
Total Revenue	444	470	502	529	558	582	617	637	670	703
Operating Revenue	444	470	502	529	558	582	617	637	670	703
Total Cost of Revenue	82	74	80	85	86	87	95	96	99	103
Operating Cost of Revenue	82	74	80	85	86	87	95	96	99	103
Total Operating Expenses	394	403	464	560	490	518	546	566	580	611
Selling, General & Admin Expense	50	51	57	61	61	70	69	73	78	81
Marketing Expense	230	235	251	265	271	281	300	294	310	315
Research & Development Expense	114	116	128	170	157	163	176	198	191	214
Restructuring Charge	0.00	-	29	64	0.85	3.55	0.78	1.08	0.99	1.14
Total Other Income / (Expense), net	2.55	0.59	8.75	13	14	15	31	21	20	24
Interest Expense	0.92	0.94	0.93	0.94	0.95	0.98	0.94	0.90	0.94	0.95
Interest & Investment Income	4.66	7.78	10	14	16	19	19	20	22	22
Other Income / (Expense), net	-1.19	-6.25	-0.79	0.33	-1.66	-2.55	13	1.78	-0.57	2.91
Income Tax Expense	1.75	3.58	2.42	8.57	-1.41	4.36	1.79	12	2.50	8.01
Basic Earnings per Share	($0.65)	($0.20)	($0.74)	($2.25)	($0.07)	($0.24)	$0.12	($0.28)	$0.16	$0.09
Weighted Average Basic Shares Outstanding	48.07M	48.07M	49.40M	49.70M	50.05M	49.88M	50.69M	51.01M	51.35M	51.18M
Diluted Earnings per Share	($0.65)	($0.20)	($0.74)	($2.25)	($0.07)	($0.24)	$0.12	($0.28)	$0.16	$0.09
Weighted Average Diluted Shares Outstanding	48.07M	48.07M	49.40M	49.70M	50.05M	49.88M	51.50M	51.01M	51.78M	51.82M
Weighted Average Basic & Diluted Shares Outstanding	48.58M	49.39M	49.64M	50.02M	50.33M	50.67M	50.96M	51.35M	51.62M	52.15M

This table details how cash moves in and out of HubSpot's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-68	5.01	30	26	161	103	-1.11	-46	58	125
Net Cash From Operating Activities	-0.42	19	50	85	119	89	239	273	351	599
Net Cash From Continuing Operating Activities	-0.42	19	50	85	119	68	239	273	351	599
Net Income / (Loss) Continuing Operations	-46	-46	-40	-64	-54	-85	-78	-107	-165	4.63
Consolidated Net Income / (Loss)	-46	-46	-40	-64	-54	-85	-78	-107	-165	4.63
Depreciation Expense	7.34	11	16	23	29	37	45	58	73	97
Amortization Expense	0.67	0.65	11	14	7.63	21	28	2.01	1.99	2.01
Non-Cash Adjustments To Reconcile Net Income	23	37	52	79	98	59	134	278	450	426
Changes in Operating Assets and Liabilities, net	15	16	11	33	39	36	110	43	-9.45	69
Net Cash From Investing Activities	-104	-23	-397	-71	-316	-216	-180	-320	-335	-516
Net Cash From Continuing Investing Activities	-104	-23	-397	-71	-316	-216	-180	-320	-335	-516
Purchase of Property, Plant & Equipment	-13	-22	-27	-33	-54	-59	-62	-82	-100	-128
Acquisitions	-0.60	-	-9.42	0.00	-23	0.00	-20	-10	-142	-42
Purchase of Investments	-114	-52	-894	-682	-1,305	-1,520	-1,498	-1,537	-1,595	-2,009
Sale and/or Maturity of Investments	23	51	534	644	1,066	1,363	1,400	1,310	1,503	1,661
Other Investing Activities, net	-0.17	-	-	-	-	-	-	0.00	0.00	1.93
Net Cash From Financing Activities	37	8.47	377	13	359	222	-51	7.43	37	53
Net Cash From Continuing Financing Activities	37	8.47	377	13	359	222	-51	7.43	37	53
Repayment of Debt	-0.21	-0.74	-1.05	-0.74	-0.62	-0.03	0.00	-1.62	-0.01	-0.06
Repurchase of Common Equity	-	-	-	0.00	0.00	-328	0.00	-0.03	0.00	0.00
Issuance of Debt	-	-	389	0.00	0.00	450	0.00	0.00	0.00	0.00
Issuance of Common Equity	46	12	72	22	366	30	47	40	48	76
Other Financing Activities, net	-8.61	-2.37	-83	-8.03	-6.25	70	-98	-31	-11	-22
Effect of Exchange Rate Changes	-0.55	-	-	-	-0.72	6.83	-8.86	-6.81	4.65	-12
Cash Interest Paid	0.19	0.17	0.76	1.04	1.01	1.51	1.84	1.75	1.72	1.72
Cash Income Taxes Paid	0.22	0.95	0.86	1.84	3.09	2.31	6.97	4.69	13	12

This table details how cash moves in and out of HubSpot's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	26	-0.51	-5.86	132	78	-147	60	350	-388	103
Net Cash From Operating Activities	60	90	81	77	89	104	127	118	160	194
Net Cash From Continuing Operating Activities	60	90	81	77	89	104	127	118	160	194
Net Income / (Loss) Continuing Operations	-31	-10	-37	-112	-3.58	-12	5.93	-14	8.15	4.98
Consolidated Net Income / (Loss)	-31	-10	-37	-112	-3.58	-12	5.93	-14	8.15	4.98
Depreciation Expense	16	16	17	16	21	19	21	22	25	28
Amortization Expense	-2.63	3.77	-7.52	-10	-11	31	-12	-10	-13	37
Non-Cash Adjustments To Reconcile Net Income	71	83	85	196	106	63	99	126	127	74
Changes in Operating Assets and Liabilities, net	8.02	-2.14	24	-13	-23	3.61	13	-5.77	12	49
Net Cash From Investing Activities	-35	-109	-99	45	-15	-266	-74	213	-569	-86
Net Cash From Continuing Investing Activities	-35	-109	-99	45	-15	-266	-74	211	-569	-84
Purchase of Property, Plant & Equipment	-25	-19	-18	-27	-29	-26	-28	-30	-35	-36
Acquisitions	-1.65	1.90	0.00	-	-	-140	0.00	-	-	-38
Purchase of Investments	-401	-259	-368	-369	-409	-448	-399	-256	-839	-515
Sale and/or Maturity of Investments	392	167	288	442	425	348	353	497	308	503
Net Cash From Financing Activities	7.83	8.61	10	10	9.92	6.65	11	21	12	10
Net Cash From Continuing Financing Activities	7.83	8.61	10	10	9.92	6.65	11	21	12	10
Issuance of Common Equity	10	10	11	13	13	9.80	20	25	16	14
Other Financing Activities, net	-2.19	-1.57	-1.20	-2.90	-3.47	-3.14	-8.79	-4.70	-4.29	-4.17
Effect of Exchange Rate Changes	-6.79	9.45	1.72	-0.27	-5.63	8.83	-4.31	-1.51	10	-16
Cash Interest Paid	0.00	0.86	0.00	0.86	-	0.86	0.00	0.86	-	0.86
Cash Income Taxes Paid	1.06	0.80	4.06	5.40	2.00	1.45	3.10	4.07	3.87	1.15

This table presents HubSpot's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	220	260	712	834	1,569	1,973	2,175	2,545	3,071	3,796
Total Current Assets	146	176	603	712	1,110	1,457	1,454	1,755	1,872	2,634
Cash & Equivalents	56	60	88	111	270	378	377	331	388	513
Short-Term Investments	49	55	417	481	692	873	821	1,082	1,000	1,557
Accounts Receivable	25	39	61	77	93	126	157	227	295	335
Prepaid Expenses	7.95	14	19	14	24	35	38	44	89	81
Other Current Assets	8.11	9.03	13	24	32	45	60	71	99	149
Plant, Property, & Equipment, net	18	30	43	52	84	101	96	105	103	114
Total Noncurrent Assets	56	53	66	69	376	415	625	685	1,097	1,048
Long-Term Investments	41	36	31	11	54	31	175	113	326	154
Goodwill	9.77	9.77	15	15	30	31	47	46	174	210
Intangible Assets	4.76	6.54	15	18	29	35	50	81	149	192
Other Noncurrent Operating Assets	1.01	1.27	4.96	25	263	318	353	445	449	492
Total Liabilities & Shareholders' Equity	220	260	712	834	1,569	1,973	2,175	2,545	3,071	3,796
Total Liabilities	99	141	502	589	919	1,211	1,301	1,553	1,737	1,888
Total Current Liabilities	91	127	178	237	322	446	617	762	942	1,573
Short-Term Debt	0.54	-	-	-	0.00	7.84	20	0.00	0.00	458
Accounts Payable	2.59	4.35	4.66	7.81	13	14	2.77	21	9.11	3.65
Accrued Expenses	12	16	20	22	29	37	74	155	172	227
Current Deferred Revenue	64	95	137	183	231	313	430	540	672	784
Current Employee Benefit Liabilities	11	11	16	24	26	44	64	10	53	67
Other Current Liabilities	-	-	-	-	24	30	26	36	35	33
Total Noncurrent Liabilities	7.36	14	324	352	597	765	684	791	795	314
Long-Term Debt	-	-	298	319	341	471	383	454	456	0.00
Noncurrent Deferred Revenue	7.08	11	21	29	3.06	3.64	4.47	5.90	5.81	3.97
Other Noncurrent Operating Liabilities	0.01	2.42	3.93	4.90	253	290	296	331	333	310
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	122	119	210	245	650	763	874	992	1,334	1,908
Total Preferred & Common Equity	122	119	210	245	650	763	874	992	1,334	1,908
Total Common Equity	122	119	210	245	650	763	874	992	1,334	1,908
Common Stock	323	365	496	590	1,048	1,241	1,436	1,647	2,137	2,714
Retained Earnings	-200	-246	-286	-344	-398	-483	-561	-642	-804	-800
Accumulated Other Comprehensive Income / (Loss)	-0.81	-0.86	-0.06	-0.72	-0.34	4.60	-1.34	-13	1.83	-5.65

This table presents HubSpot's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,297	2,644	2,729	2,816	3,193	3,356	3,557
Total Current Assets	1,561	1,822	1,908	1,975	1,985	2,236	2,439
Cash & Equivalents	332	325	457	536	448	798	410
Short-Term Investments	953	1,160	1,072	1,062	1,071	938	1,528
Accounts Receivable	167	198	207	212	267	270	279
Prepaid Expenses	45	63	90	79	92	111	87
Other Current Assets	65	76	82	87	107	120	135
Plant, Property, & Equipment, net	103	107	104	105	103	106	111
Total Noncurrent Assets	633	715	717	736	1,104	1,014	1,007
Long-Term Investments	153	122	146	151	312	210	166
Goodwill	45	46	46	46	174	174	174
Intangible Assets	74	90	102	110	159	169	180
Other Noncurrent Operating Assets	361	457	422	429	460	461	488
Total Liabilities & Shareholders' Equity	2,297	2,644	2,729	2,816	3,193	3,356	3,557
Total Liabilities	1,390	1,597	1,647	1,629	1,744	1,755	1,805
Total Current Liabilities	668	810	847	839	960	1,437	1,489
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	457	458
Accounts Payable	13	2.96	3.13	17	7.93	4.12	5.27
Accrued Expenses	91	131	157	135	153	174	188
Current Deferred Revenue	469	572	586	578	697	708	720
Current Employee Benefit Liabilities	63	71	70	79	69	61	84
Other Current Liabilities	32	34	31	30	33	33	35
Total Noncurrent Liabilities	722	787	799	790	784	318	317
Long-Term Debt	454	455	455	456	457	0.00	0.00
Noncurrent Deferred Revenue	5.19	5.47	4.57	4.21	4.92	4.61	4.23
Other Noncurrent Operating Liabilities	263	327	339	330	323	313	312
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	907	1,046	1,082	1,186	1,449	1,601	1,752
Total Preferred & Common Equity	907	1,046	1,082	1,186	1,449	1,601	1,752
Total Common Equity	907	1,046	1,082	1,186	1,449	1,601	1,752
Common Stock	1,551	1,735	1,890	2,001	2,251	2,419	2,551
Retained Earnings	-627	-681	-800	-805	-799	-813	-805
Accumulated Other Comprehensive Income / (Loss)	-18	-7.76	-8.39	-9.38	-2.98	-4.82	5.65

This table displays calculated financial ratios and metrics derived from HubSpot's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	57.02%	48.93%	38.62%	36.57%	31.56%	30.85%	47.30%	33.08%	25.38%	21.07%
EBITDA Growth	10.63%	10.67%	58.22%	9.53%	14.19%	161.62%	318.00%	-275.43%	-164.38%	137.06%
EBIT Growth	4.58%	0.50%	10.79%	-22.25%	4.76%	-8.77%	13.25%	-145.34%	-87.44%	75.53%
NOPAT Growth	4.39%	3.90%	10.13%	-20.24%	2.63%	-8.17%	-7.81%	-87.71%	-95.34%	92.24%
Net Income Growth	4.51%	1.07%	12.84%	-60.72%	15.80%	-58.21%	8.46%	-37.91%	-53.25%	102.81%
EPS Growth	66.90%	7.19%	16.28%	-53.70%	22.89%	-48.44%	12.63%	-34.34%	-47.98%	102.73%
Operating Cash Flow Growth	96.61%	4,678.25%	156.19%	71.02%	40.21%	-25.27%	168.50%	14.43%	28.48%	70.56%
Free Cash Flow Firm Growth	16.62%	-0.16%	-23.14%	28.36%	-167.73%	62.61%	188.24%	-605.24%	-231.72%	73.99%
Invested Capital Growth	-75.57%	-37.36%	-0.50%	-43.44%	45.53%	-62.78%	-139.05%	17.97%	196.96%	86.33%
Revenue Q/Q Growth	11.64%	9.42%	8.71%	7.88%	6.66%	8.06%	9.91%	6.15%	5.45%	4.84%
EBITDA Q/Q Growth	22.79%	-7.81%	40.39%	17.11%	-1,857.32%	158.29%	-0.25%	-8.02%	20.49%	238.62%
EBIT Q/Q Growth	17.25%	-8.74%	9.22%	2.93%	0.96%	1.11%	-4.71%	-4.06%	-2.99%	33.14%
NOPAT Q/Q Growth	16.99%	-8.16%	9.85%	3.21%	-0.70%	1.01%	-1.10%	0.96%	-5.06%	-100.26%
Net Income Q/Q Growth	17.01%	-8.52%	5.46%	0.07%	2.17%	-6.40%	-1.24%	5.41%	1.92%	118.85%
EPS Q/Q Growth	-414.81%	-5.74%	6.09%	1.19%	3.03%	-4.40%	-0.61%	5.91%	2.37%	119.15%
Operating Cash Flow Q/Q Growth	78.43%	-1.86%	30.93%	29.08%	14.19%	17.18%	16.76%	-1.87%	4.26%	17.66%
Free Cash Flow Firm Q/Q Growth	0.00%	4.70%	19.25%	15.23%	-191.58%	69.56%	408.33%	-80.84%	-183.13%	-101.93%
Invested Capital Q/Q Growth	3.46%	-9.20%	-24.54%	-23.73%	51.47%	-90.57%	-80.56%	-3.08%	172.35%	34.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.66%	77.17%	79.84%	80.44%	80.74%	81.09%	80.10%	82.21%	84.41%	85.03%
EBITDA Margin	-20.79%	-12.47%	-3.76%	-2.49%	-1.62%	0.76%	2.17%	-2.86%	-6.03%	1.85%
Operating Margin	-25.54%	-16.48%	-10.69%	-9.41%	-6.96%	-5.76%	-4.21%	-5.94%	-9.26%	-2.57%
EBIT Margin	-25.20%	-16.84%	-10.83%	-9.70%	-7.02%	-5.84%	-3.44%	-6.34%	-9.47%	-1.91%
Profit (Net Income) Margin	-25.31%	-16.81%	-10.57%	-12.44%	-7.96%	-9.63%	-5.98%	-6.20%	-7.58%	0.18%
Tax Burden Percent	100.90%	101.18%	79.37%	103.01%	105.86%	105.22%	105.44%	109.03%	109.25%	16.14%
Interest Burden Percent	99.55%	98.71%	122.96%	124.54%	107.15%	156.80%	165.11%	89.75%	73.24%	-57.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	83.86%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.95%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10.97%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.23%
Return on Equity (ROE)	-39.63%	-37.90%	-24.14%	-28.06%	-12.02%	-12.04%	-9.51%	-11.51%	-14.14%	0.29%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-386.71%	-70.25%
Operating Return on Assets (OROA)	-23.20%	-19.00%	-8.37%	-6.44%	-3.94%	-2.91%	-2.16%	-4.65%	-7.32%	-1.47%
Return on Assets (ROA)	-23.30%	-18.98%	-8.17%	-8.26%	-4.47%	-4.80%	-3.75%	-4.55%	-5.86%	0.13%
Return on Common Equity (ROCE)	-39.63%	-37.90%	-24.14%	-28.06%	-12.02%	-12.04%	-9.51%	-11.51%	-14.14%	0.29%
Return on Equity Simple (ROE_SIMPLE)	-37.84%	-38.38%	-18.88%	-26.09%	-8.27%	-11.15%	-8.91%	-10.82%	-12.33%	0.24%
Net Operating Profit after Tax (NOPAT)	-33	-31	-28	-34	-33	-36	-38	-72	-141	-11
NOPAT Margin	-17.88%	-11.54%	-7.48%	-6.59%	-4.87%	-4.03%	-2.95%	-4.16%	-6.48%	-0.42%
Net Nonoperating Expense Percent (NNEP)	-10.07%	-9.70%	-5.92%	-11.29%	-4.32%	-6.69%	-4.45%	-3.46%	-2.05%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-4.98%	-7.86%	-0.46%
Cost of Revenue to Revenue	26.34%	22.83%	20.16%	19.56%	19.26%	18.91%	19.90%	17.79%	15.59%	14.97%
SG&A Expenses to Revenue	19.46%	16.65%	15.12%	14.78%	13.78%	12.37%	11.14%	11.42%	11.50%	11.43%
R&D to Revenue	17.84%	16.98%	18.74%	22.93%	23.45%	23.28%	23.22%	25.54%	28.46%	29.64%
Operating Expenses to Revenue	99.20%	93.65%	90.52%	89.84%	87.71%	86.85%	84.31%	88.15%	93.67%	87.61%
Earnings before Interest and Taxes (EBIT)	-46	-46	-41	-50	-47	-52	-45	-110	-206	-50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-38	-34	-14	-13	-11	6.75	28	-50	-131	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.78	14.10	15.70	20.16	10.44	23.85	35.64	14.15	21.90	18.85
Price to Tangible Book Value (P/TBV)	17.91	16.35	18.32	23.26	11.48	26.13	40.12	16.24	28.87	23.87
Price to Revenue (P/Rev)	10.55	6.18	8.80	9.62	10.06	20.60	23.95	8.11	13.46	13.69
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7,772.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	364.94	239.59
Enterprise Value to Revenue (EV/Rev)	9.76	5.62	8.15	9.05	9.06	19.69	23.20	7.50	12.88	13.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	2,574.58	1,068.81	0.00	0.00	704.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	78.66	61.71	54.71	51.38	195.57	126.40	47.49	79.67	57.14
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1,706.84	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.00	1.42	1.30	0.52	0.63	0.46	0.46	0.34	0.24
Long-Term Debt to Equity	0.00	0.00	1.42	1.30	0.52	0.62	0.44	0.46	0.34	0.00
Financial Leverage	-1.16	-1.23	-1.19	-1.17	-1.08	-1.05	-1.08	-1.09	-1.00	-0.93
Leverage Ratio	1.70	2.00	2.95	3.40	2.69	2.51	2.53	2.53	2.41	2.12
Compound Leverage Factor	1.69	1.97	3.63	4.23	2.88	3.93	4.19	2.27	1.77	-1.21
Debt to Total Capital	0.67%	0.00%	58.66%	56.58%	34.38%	38.57%	31.55%	31.40%	25.48%	19.36%
Short-Term Debt to Total Capital	0.44%	0.00%	0.00%	0.00%	0.00%	0.63%	1.54%	0.00%	0.00%	19.36%
Long-Term Debt to Total Capital	0.23%	0.00%	58.66%	56.58%	34.38%	37.94%	30.01%	31.40%	25.48%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.33%	100.00%	41.34%	43.42%	65.62%	61.43%	68.45%	68.60%	74.52%	80.64%
Debt to EBITDA	-0.02	0.00	-21.14	-24.96	-31.07	70.91	14.27	-9.17	-3.48	9.44
Net Debt to EBITDA	3.82	0.00	17.14	22.71	61.56	-118.89	-34.36	21.63	9.61	-36.38
Long-Term Debt to EBITDA	-0.01	0.00	-21.14	-24.96	-31.07	69.75	13.57	-9.17	-3.48	0.00
Debt to NOPAT	-0.03	0.00	-10.62	-9.44	-10.35	-13.46	-10.50	-6.31	-3.24	-42.00
Net Debt to NOPAT	4.45	0.00	8.62	8.59	20.51	22.57	25.29	14.88	8.94	161.83
Long-Term Debt to NOPAT	-0.01	0.00	-10.62	-9.44	-10.35	-13.24	-9.99	-6.31	-3.24	0.00
Altman Z-Score	10.84	6.48	4.44	5.55	5.01	9.65	14.99	6.08	10.57	12.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.38	3.38	3.01	3.44	3.27	2.35	2.30	1.99	1.67
Quick Ratio	1.42	1.20	3.17	2.82	3.27	3.09	2.20	2.15	1.79	1.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-23	-23	-28	-20	-54	-20	18	-89	-296	-77
Operating Cash Flow to CapEx	-3.32%	89.92%	181.42%	253.49%	220.95%	151.03%	385.89%	334.07%	350.66%	469.21%
Free Cash Flow to Firm to Interest Expense	-122.44	-85.61	-2.12	-0.94	-2.35	-0.54	0.58	-23.74	-77.95	-20.71
Operating Cash Flow to Interest Expense	-2.29	73.08	3.76	3.97	5.21	2.40	7.88	72.61	92.34	160.87
Operating Cash Flow Less CapEx to Interest Expense	-71.16	-8.20	1.69	2.40	2.85	0.81	5.84	50.88	66.00	126.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	1.13	0.77	0.66	0.56	0.50	0.63	0.73	0.77	0.77
Accounts Receivable Turnover	9.23	8.45	7.54	7.45	7.96	8.07	9.17	9.01	8.31	8.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.32	11.21	10.22	10.71	9.92	9.56	13.19	17.19	20.81	24.16
Accounts Payable Turnover	17.79	17.83	16.82	16.10	12.59	12.66	31.74	26.04	22.57	61.66
Days Sales Outstanding (DSO)	39.53	43.19	48.42	49.02	45.87	45.25	39.82	40.51	43.91	43.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	20.52	20.47	21.71	22.67	29.00	28.84	11.50	14.02	16.18	5.92
Cash Conversion Cycle (CCC)	19.01	22.72	26.72	26.34	16.87	16.41	28.32	26.49	27.73	37.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-23	-32	-32	-45	-25	-40	-96	-79	77	143
Invested Capital Turnover	-10.10	-9.95	-11.88	-13.30	-19.22	-27.15	-19.04	-19.74	-1,804.77	23.95
Increase / (Decrease) in Invested Capital	-9.88	-8.58	-0.16	-14	21	-16	-56	17	156	66
Enterprise Value (EV)	1,775	1,523	3,062	4,643	6,112	17,389	30,175	12,974	27,961	34,204
Market Capitalization	1,920	1,674	3,304	4,933	6,787	18,192	31,145	14,045	29,219	35,970
Book Value per Share	$3.57	$3.33	$5.63	$6.24	$15.18	$16.62	$18.49	$20.43	$26.51	$36.97
Tangible Book Value per Share	$3.14	$2.88	$4.83	$5.40	$13.81	$15.17	$16.43	$17.80	$20.11	$29.19
Total Capital	123	119	509	563	991	1,242	1,277	1,446	1,791	2,366
Total Debt	0.82	0.00	298	319	341	479	403	454	456	458
Total Long-Term Debt	0.28	0.00	298	319	341	471	383	454	456	0.00
Net Debt	-145	-150	-242	-290	-675	-803	-970	-1,071	-1,258	-1,766
Capital Expenditures (CapEx)	13	22	27	33	54	59	62	82	100	128
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-50	-66	-85	-122	-174	-232	-342	-420	-459	-551
Debt-free Net Working Capital (DFNWC)	55	49	424	475	787	1,019	856	993	930	1,518
Net Working Capital (NWC)	54	49	424	475	787	1,011	836	993	930	1,060
Net Nonoperating Expense (NNE)	14	14	12	30	21	49	39	35	24	-16
Net Nonoperating Obligations (NNO)	-145	-150	-242	-290	-675	-803	-970	-1,071	-1,258	-1,766
Total Depreciation and Amortization (D&A)	8.01	12	27	37	36	58	73	60	75	99
Debt-free, Cash-free Net Working Capital to Revenue	-27.24%	-24.23%	-22.60%	-23.79%	-25.82%	-26.27%	-26.31%	-24.25%	-21.14%	-20.97%
Debt-free Net Working Capital to Revenue	30.22%	18.04%	112.94%	92.68%	116.65%	115.43%	65.79%	57.36%	42.83%	57.79%
Net Working Capital to Revenue	29.93%	18.04%	112.94%	92.68%	116.65%	114.54%	64.28%	57.36%	42.83%	40.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.39)	($1.29)	($1.08)	($1.66)	($1.28)	($1.90)	($1.66)	($2.35)	($3.53)	$0.09
Adjusted Weighted Average Basic Shares Outstanding	34.71M	36.16M	37.86M	39.61M	43.29M	46.34M	47.57M	48.07M	49.88M	51.18M
Adjusted Diluted Earnings per Share	($1.39)	($1.29)	($1.08)	($1.66)	($1.28)	($1.90)	($1.66)	($2.35)	($3.53)	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	34.71M	36.16M	37.86M	39.61M	43.29M	46.34M	47.57M	48.07M	49.88M	51.82M
Adjusted Basic & Diluted Earnings per Share	($1.39)	($1.29)	($1.08)	($1.66)	($1.28)	($1.90)	($1.66)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.22M	35.20M	36.83M	38.53M	42.03M	44.76M	46.89M	49.39M	50.67M	52.15M
Normalized Net Operating Profit after Tax (NOPAT)	-33	-31	-28	-34	-33	-36	-38	-72	-73	-45
Normalized NOPAT Margin	-17.88%	-11.54%	-7.48%	-6.59%	-4.87%	-4.03%	-2.95%	-4.16%	-3.36%	-1.69%
Pre Tax Income Margin	-25.09%	-16.62%	-13.32%	-12.08%	-7.52%	-9.15%	-5.68%	-5.69%	-6.94%	1.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-247.82	-172.14	-3.09	-2.33	-2.08	-1.39	-1.48	-29.16	-54.09	-13.52
NOPAT to Interest Expense	-175.85	-117.98	-2.13	-1.58	-1.44	-0.96	-1.27	-19.14	-37.00	-2.93
EBIT Less CapEx to Interest Expense	-316.69	-253.42	-5.16	-3.89	-4.44	-2.98	-3.52	-50.89	-80.42	-47.81
NOPAT Less CapEx to Interest Expense	-244.72	-199.25	-4.21	-3.14	-3.80	-2.55	-3.31	-40.88	-63.34	-37.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-385.20%	0.00%	-0.03%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from HubSpot's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.89%	27.17%	26.80%	25.46%	25.59%	23.90%	23.08%	20.43%	20.12%	20.84%
EBITDA Growth	-254.10%	-38.77%	-641.35%	-165.57%	47.95%	316.60%	97.41%	90.92%	115.94%	138.54%
EBIT Growth	-561.35%	-46.42%	-487.56%	-109.32%	39.46%	-90.50%	77.03%	80.88%	49.57%	69.30%
NOPAT Growth	-115.80%	12.05%	-285.96%	-122.33%	42.40%	-219.59%	40.74%	79.40%	43.28%	74.43%
Net Income Growth	-128.69%	37.49%	-293.11%	-98.37%	88.61%	-21.26%	116.16%	87.09%	327.73%	140.15%
EPS Growth	-124.14%	41.18%	-270.00%	-90.68%	89.23%	-20.00%	116.22%	87.56%	328.57%	137.50%
Operating Cash Flow Growth	40.82%	-5.48%	-1.41%	87.06%	48.25%	15.95%	56.76%	53.94%	79.17%	86.12%
Free Cash Flow Firm Growth	-96.52%	-144.53%	-198.34%	-379.66%	2,046.10%	-667.62%	-308.67%	-866.77%	-1,449.48%	59.10%
Invested Capital Growth	-43.68%	17.97%	14.96%	-63.94%	-38.13%	196.96%	171.73%	181.61%	200.05%	86.33%
Revenue Q/Q Growth	5.26%	5.79%	6.81%	5.49%	5.37%	4.37%	6.10%	3.21%	5.10%	5.00%
EBITDA Q/Q Growth	50.46%	128.38%	-264.34%	-215.20%	90.29%	327.12%	96.24%	-1,005.66%	117.04%	3,297.94%
EBIT Q/Q Growth	39.65%	59.61%	-122.23%	-164.21%	82.54%	-27.10%	67.45%	-119.93%	53.97%	22.63%
NOPAT Q/Q Growth	38.35%	77.51%	-219.27%	-169.85%	84.03%	-24.78%	10.15%	6.18%	56.02%	43.76%
Net Income Q/Q Growth	44.27%	67.42%	-134.84%	-204.47%	96.80%	-246.94%	126.60%	-343.26%	156.43%	-38.83%
EPS Q/Q Growth	44.92%	69.23%	-131.25%	-204.05%	96.89%	-242.86%	127.91%	-333.33%	157.14%	-43.75%
Operating Cash Flow Q/Q Growth	46.78%	49.78%	-9.89%	-5.58%	16.33%	17.14%	21.83%	-7.29%	35.40%	21.69%
Free Cash Flow Firm Q/Q Growth	113.15%	-3,057.79%	-81.93%	43.29%	158.85%	-1,157.95%	-13.33%	-34.16%	17.86%	67.94%
Invested Capital Q/Q Growth	8.74%	-3.08%	-33.42%	-30.62%	23.11%	172.35%	-1.29%	48.62%	-5.74%	34.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.50%	84.24%	83.99%	83.94%	84.64%	84.97%	84.60%	85.01%	85.17%	85.30%
EBITDA Margin	-4.61%	1.24%	-6.94%	-20.73%	-1.91%	4.16%	-0.15%	-1.56%	0.25%	8.21%
Operating Margin	-7.26%	-1.54%	-8.58%	-21.95%	-3.33%	-3.98%	-3.76%	-3.76%	-1.44%	-1.54%
EBIT Margin	-7.52%	-2.87%	-8.74%	-21.89%	-3.63%	-4.42%	-1.63%	-3.48%	-1.52%	-1.12%
Profit (Net Income) Margin	-7.08%	-2.18%	-7.32%	-21.13%	-0.64%	-2.13%	0.96%	-2.27%	1.22%	0.71%
Tax Burden Percent	105.89%	153.83%	107.05%	108.30%	71.70%	154.16%	76.87%	538.22%	76.50%	38.36%
Interest Burden Percent	88.82%	49.32%	78.24%	89.12%	24.67%	31.32%	-76.65%	12.11%	-104.43%	-164.67%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.13%	0.00%	23.50%	61.64%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-108,129.26%	-14.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-108,130.32%	-14.72%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	108,128.44%	13.72%
Return on Equity (ROE)	-13.05%	-11.51%	-14.91%	-20.02%	-16.03%	-14.14%	-10.71%	-2.70%	-0.82%	-0.39%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-386.71%	-413.64%	-282.32%	3,764.40%	-70.25%
Operating Return on Assets (OROA)	-5.62%	-2.11%	-6.56%	-17.02%	-2.92%	-3.41%	-1.28%	-2.74%	-1.20%	-0.86%
Return on Assets (ROA)	-5.29%	-1.60%	-5.49%	-16.42%	-0.52%	-1.65%	0.75%	-1.78%	0.96%	0.54%
Return on Common Equity (ROCE)	-13.05%	-11.51%	-14.91%	-20.02%	-16.03%	-14.14%	-10.71%	-2.70%	-0.82%	-0.39%
Return on Equity Simple (ROE_SIMPLE)	-12.52%	0.00%	-13.39%	-18.07%	-14.14%	0.00%	-9.22%	-2.27%	-1.40%	0.00%
Net Operating Profit after Tax (NOPAT)	-23	-5.07	-30	-81	-13	-16	-18	-17	-7.37	-4.14
NOPAT Margin	-5.08%	-1.08%	-6.01%	-15.37%	-2.33%	-2.79%	-2.89%	-2.63%	-1.10%	-0.59%
Net Nonoperating Expense Percent (NNEP)	-0.95%	-0.51%	-0.62%	-2.80%	0.83%	0.33%	1.88%	0.17%	1.06%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.35%	-	-	-	-0.91%	-	-	-	-0.18%
Cost of Revenue to Revenue	18.50%	15.76%	16.01%	16.06%	15.36%	15.03%	15.40%	14.99%	14.83%	14.70%
SG&A Expenses to Revenue	11.37%	10.95%	11.44%	11.57%	11.00%	11.98%	11.15%	11.39%	11.64%	11.51%
R&D to Revenue	25.69%	24.77%	25.45%	32.12%	28.14%	28.05%	28.45%	31.10%	28.55%	30.39%
Operating Expenses to Revenue	88.76%	85.78%	92.57%	105.90%	87.97%	88.95%	88.36%	88.77%	86.61%	86.84%
Earnings before Interest and Taxes (EBIT)	-33	-13	-44	-116	-20	-26	-10	-22	-10	-7.89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	5.81	-35	-110	-11	24	-0.90	-9.96	1.70	58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.31	14.15	20.24	24.40	20.76	21.90	21.76	18.78	15.58	18.85
Price to Tangible Book Value (P/TBV)	16.48	16.24	23.27	28.29	23.91	28.87	28.26	23.89	19.53	23.87
Price to Revenue (P/Rev)	7.95	8.11	11.53	13.58	11.97	13.46	13.79	12.55	10.89	13.69
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7,772.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	364.94	398.80	254.17	242.12	239.59
Enterprise Value to Revenue (EV/Rev)	7.35	7.50	10.90	12.96	11.34	12.88	13.19	11.93	10.23	13.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	704.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.11	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	43.06	47.49	73.62	81.89	69.34	79.67	75.98	65.18	50.42	57.14
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.43	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.46	0.43	0.42	0.38	0.34	0.32	0.29	0.26	0.24
Long-Term Debt to Equity	0.50	0.46	0.43	0.42	0.38	0.34	0.32	0.00	0.00	0.00
Financial Leverage	-1.07	-1.09	-1.12	-1.11	-1.09	-1.00	-1.01	-1.01	-1.00	-0.93
Leverage Ratio	2.51	2.53	2.60	2.56	2.44	2.41	2.34	2.27	2.17	2.12
Compound Leverage Factor	2.23	1.25	2.04	2.28	0.60	0.76	-1.79	0.27	-2.27	-3.49
Debt to Total Capital	33.35%	31.40%	30.29%	29.60%	27.75%	25.48%	23.96%	22.21%	20.71%	19.36%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.21%	20.71%	19.36%
Long-Term Debt to Total Capital	33.35%	31.40%	30.29%	29.60%	27.75%	25.48%	23.96%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.65%	68.60%	69.71%	70.40%	72.25%	74.52%	76.04%	77.79%	79.29%	80.64%
Debt to EBITDA	-9.90	-9.17	-4.29	-2.61	-2.77	-3.48	-3.11	-9.65	-13.07	9.44
Net Debt to EBITDA	21.45	21.63	10.85	6.99	7.85	9.61	9.34	31.43	47.01	-36.38
Long-Term Debt to EBITDA	-9.90	-9.17	-4.29	-2.61	-2.77	-3.48	-3.11	0.00	0.00	0.00
Debt to NOPAT	-6.24	-6.31	-4.61	-3.17	-3.40	-3.24	-3.47	-6.80	0.11	-42.00
Net Debt to NOPAT	13.53	14.88	11.67	8.51	9.65	8.94	10.42	22.15	-0.39	161.83
Long-Term Debt to NOPAT	-6.24	-6.31	-4.61	-3.17	-3.40	-3.24	-3.47	0.00	0.00	0.00
Altman Z-Score	6.34	6.21	8.69	10.25	9.86	10.77	11.59	10.91	9.77	12.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.34	2.30	2.25	2.25	2.35	1.99	2.07	1.56	1.64	1.67
Quick Ratio	2.17	2.15	2.08	2.05	2.16	1.79	1.86	1.40	1.49	1.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.76	-22	-49	-28	16	-172	-199	-267	-219	-70
Operating Cash Flow to CapEx	244.85%	472.58%	439.83%	279.84%	312.06%	404.77%	461.87%	397.52%	458.76%	544.71%
Free Cash Flow to Firm to Interest Expense	0.82	-23.82	-52.34	-29.46	17.10	-174.65	-212.75	-296.19	-234.20	-74.07
Operating Cash Flow to Interest Expense	65.07	95.71	87.17	81.69	93.73	106.01	135.92	130.77	170.45	204.57
Operating Cash Flow Less CapEx to Interest Expense	38.50	75.46	67.35	52.50	63.70	79.82	106.49	97.88	133.30	167.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.73	0.75	0.78	0.81	0.77	0.78	0.79	0.79	0.77
Accounts Receivable Turnover	11.12	9.01	10.49	10.44	10.86	8.31	9.85	10.05	10.20	8.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.52	17.19	17.51	18.81	19.83	20.81	21.73	22.79	23.22	24.16
Accounts Payable Turnover	40.05	26.04	57.04	43.82	21.99	22.57	66.19	102.32	34.84	61.66
Days Sales Outstanding (DSO)	32.83	40.51	34.80	34.98	33.62	43.91	37.07	36.33	35.78	43.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.11	14.02	6.40	8.33	16.60	16.18	5.51	3.57	10.48	5.92
Cash Conversion Cycle (CCC)	23.72	26.49	28.40	26.65	17.02	27.73	31.56	32.76	25.30	37.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-77	-79	-105	-138	-106	77	76	112	106	143
Invested Capital Turnover	-25.08	-19.74	-16.01	-17.54	-22.55	-1,804.77	-153.39	-189.11	98,285.49	23.95
Increase / (Decrease) in Invested Capital	-23	17	19	-54	-29	156	181	250	212	66
Enterprise Value (EV)	11,988	12,974	20,025	25,192	23,340	27,961	30,162	28,569	25,651	34,204
Market Capitalization	12,971	14,045	21,177	26,412	24,633	29,219	31,535	30,057	27,297	35,970
Book Value per Share	$18.88	$20.43	$21.19	$21.81	$23.72	$26.51	$28.59	$31.41	$34.12	$36.97
Tangible Book Value per Share	$16.40	$17.80	$18.43	$18.81	$20.60	$20.11	$22.02	$24.68	$27.22	$29.19
Total Capital	1,360	1,446	1,501	1,538	1,642	1,791	1,906	2,058	2,210	2,366
Total Debt	454	454	455	455	456	456	457	457	458	458
Total Long-Term Debt	454	454	455	455	456	456	457	0.00	0.00	0.00
Net Debt	-983	-1,071	-1,152	-1,220	-1,292	-1,258	-1,373	-1,489	-1,646	-1,766
Capital Expenditures (CapEx)	25	19	18	27	29	26	28	30	35	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-391	-420	-473	-469	-461	-459	-493	-480	-530	-551
Debt-free Net Working Capital (DFNWC)	893	993	1,012	1,060	1,136	930	1,026	1,256	1,408	1,518
Net Working Capital (NWC)	893	993	1,012	1,060	1,136	930	1,026	799	950	1,060
Net Nonoperating Expense (NNE)	8.86	5.16	6.59	30	-9.41	-3.80	-24	-2.32	-16	-9.13
Net Nonoperating Obligations (NNO)	-983	-1,071	-1,152	-1,220	-1,292	-1,258	-1,373	-1,489	-1,646	-1,766
Total Depreciation and Amortization (D&A)	13	19	9.05	6.16	9.57	50	9.17	12	12	66
Debt-free, Cash-free Net Working Capital to Revenue	-24.01%	-24.25%	-25.75%	-24.11%	-22.42%	-21.14%	-21.57%	-20.03%	-21.15%	-20.97%
Debt-free Net Working Capital to Revenue	54.76%	57.36%	55.07%	54.54%	55.19%	42.83%	44.86%	52.47%	56.17%	57.79%
Net Working Capital to Revenue	54.76%	57.36%	55.07%	54.54%	55.19%	42.83%	44.86%	33.37%	37.91%	40.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.65)	($0.20)	($0.78)	($2.39)	($0.11)	($0.24)	$0.12	($0.28)	$0.16	$0.09
Adjusted Weighted Average Basic Shares Outstanding	48.07M	48.07M	49.40M	49.70M	50.05M	49.88M	50.69M	51.01M	51.35M	51.18M
Adjusted Diluted Earnings per Share	($0.65)	($0.20)	($0.78)	($2.39)	($0.11)	($0.24)	$0.12	($0.28)	$0.16	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	48.07M	48.07M	49.40M	49.70M	50.05M	49.88M	51.50M	51.01M	51.78M	51.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.58M	49.39M	49.64M	50.02M	50.33M	50.67M	50.96M	51.35M	51.62M	52.15M
Normalized Net Operating Profit after Tax (NOPAT)	-23	-5.07	-10	-37	-12	-14	-17	-16	-6.61	-6.76
Normalized NOPAT Margin	-5.08%	-1.08%	-2.02%	-6.92%	-2.22%	-2.36%	-2.80%	-2.51%	-0.99%	-0.96%
Pre Tax Income Margin	-6.68%	-1.42%	-6.84%	-19.51%	-0.89%	-1.38%	1.25%	-0.42%	1.59%	1.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-36.18	-14.35	-47.14	-123.63	-21.28	-26.12	-10.77	-24.58	-10.89	-8.31
NOPAT to Interest Expense	-24.43	-5.40	-32.40	-86.79	-13.67	-16.47	-19.10	-18.60	-7.87	-4.37
EBIT Less CapEx to Interest Expense	-62.76	-34.60	-66.96	-152.82	-51.32	-52.31	-40.20	-57.48	-48.05	-45.87
NOPAT Less CapEx to Interest Expense	-51.01	-25.65	-52.22	-115.98	-43.71	-42.66	-48.53	-51.49	-45.03	-41.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.03%	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About HubSpot's Financials

When does HubSpot's fiscal year end?

According to the most recent income statement we have on file, HubSpot's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has HubSpot's net income changed over the last 9 years?

HubSpot's net income appears to be on an upward trend, with a most recent value of $4.63 million in 2024, falling from -$46.05 million in 2015. The previous period was -$164.51 million in 2023.

What is HubSpot's operating income?

HubSpot's total operating income in 2024 was -$67.60 million, based on the following breakdown:

Total Gross Profit: $2.23 billion
Total Operating Expenses: $2.30 billion

How has HubSpot revenue changed over the last 9 years?

Over the last 9 years, HubSpot's total revenue changed from $181.94 million in 2015 to $2.63 billion in 2024, a change of 1,344.2%.

How much debt does HubSpot have?

HubSpot's total liabilities were at $1.89 billion at the end of 2024, a 8.7% increase from 2023, and a 1,813.0% increase since 2015.

How much cash does HubSpot have?

In the past 9 years, HubSpot's cash and equivalents has ranged from $55.58 million in 2015 to $512.67 million in 2024, and is currently $512.67 million as of their latest financial filing in 2024.

How has HubSpot's book value per share changed over the last 9 years?

Over the last 9 years, HubSpot's book value per share changed from 3.57 in 2015 to 36.97 in 2024, a change of 935.6%.

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This page (NYSE:HUBS) was last updated on 4/15/2025 by MarketBeat.com Staff

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HubSpot (HUBS) Financials

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