HubSpot Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,131	2,628	2,170	1,731	1,301
Revenue Growth (YoY)	19.17%	21.07%	25.38%	33.08%	47.30%
Cost of Revenue	508.49	393.27	338.36	308.02	258.86
Gross Profit	2,623	2,234	1,832	1,423	1,042
Selling, General & Admin	1,704	1,518	1,315	1,084	794.63
Research & Development	905.94	778.71	617.75	442.02	301.97
Operating Expenses	2,610	2,296	1,933	1,526	1,097
Operating Income	12.42	-62.21	-100.69	-102.86	-54.8
Interest Expense	-0.88	-3.72	-3.8	-3.76	-30.28
Interest & Investment Income	66.22	82.71	58.83	15	1.17
Currency Exchange Gain (Loss)	-2.84	1.36	-2.97	-5.17	-1.65
EBT Excluding Unusual Items	74.92	18.13	-48.63	-96.79	-85.56
Merger & Restructuring Charges	-5.04	-5.39	-100.24	-	-
Gain (Loss) on Sale of Investments	-0.42	15.94	-1.7	-1.66	11.74
Pretax Income	69.46	28.68	-150.58	-98.45	-73.82
Income Tax Expense	23.55	24.05	13.94	8.89	4.02
Net Income	45.91	4.63	-164.51	-107.35	-77.84
Net Income to Common	45.91	4.63	-164.51	-107.35	-77.84
Net Income Growth	892.03%	-	-	-	-
Shares Outstanding (Basic)	52	51	50	48	47
Shares Outstanding (Diluted)	53	52	50	48	47
Shares Change (YoY)	2.65%	3.89%	3.77%	2.50%	4.77%
EPS (Basic)	0.88	0.09	-3.30	-2.23	-1.66
EPS (Diluted)	0.86	0.09	-3.30	-2.23	-1.66
EPS Growth	855.56%	-	-	-	-
Free Cash Flow	707.55	560.66	317.25	235.75	210
Free Cash Flow Per Share	13.30	10.82	6.36	4.91	4.48
Gross Margin	83.76%	85.03%	84.41%	82.20%	80.10%
Operating Margin	0.40%	-2.37%	-4.64%	-5.94%	-4.21%
Profit Margin	1.47%	0.18%	-7.58%	-6.20%	-5.98%
Free Cash Flow Margin	22.60%	21.34%	14.62%	13.62%	16.15%
EBITDA	30.81	-39.68	-73.81	-76.71	-32.64
EBITDA Margin	0.98%	-1.51%	-3.40%	-4.43%	-2.51%
D&A For EBITDA	18.4	22.53	26.87	26.15	22.16
EBIT	12.42	-62.21	-100.69	-102.86	-54.8
EBIT Margin	0.40%	-2.37%	-4.64%	-5.94%	-4.21%
Effective Tax Rate	33.91%	83.86%	-	-	-
Revenue as Reported	3,131	2,628	2,170	1,731	1,301
Advertising Expenses	144.3	117.8	105.3	59.4	37.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.