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	1,705	1,519	1,318	1,084	794.63
Research & Development	905.94	778.71	617.75	442.02	301.97
Other Operating Expenses	4.04	3.99	96.84	-	-
Total Operating Expenses	2,615	2,302	2,033	1,526	1,097
Operating Income	7.38	-67.6	-200.93	-102.86	-54.8
Interest Income	66.22	82.71	58.83	15	1.17
Interest Expense	-0.88	-3.72	-3.8	-3.76	-30.28
Other Non-Operating Income (Expense)	-3.26	17.29	-4.67	-6.83	10.09
Total Non-Operating Income (Expense)	62.08	96.28	50.35	4.41	-19.02
Pretax Income	69.46	28.68	-150.58	-98.45	-73.82
Provision for Income Taxes	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 Growth	26.20%	76.72%	34.57%	12.26%	306.67%
Free Cash Flow Per Share	13.30	10.82	6.36	4.90	4.48
Gross Margin	83.76%	85.03%	84.41%	82.21%	80.10%
Operating Margin	0.24%	-2.57%	-9.26%	-5.94%	-4.21%
Profit Margin	1.47%	0.18%	-7.58%	-6.20%	-5.98%
FCF Margin	22.60%	21.34%	14.62%	13.62%	16.15%
EBITDA	143.67	29.23	-128.26	-44.71	-9.64
EBITDA Margin	4.59%	1.11%	-5.91%	-2.58%	-0.74%
EBIT	7.38	-67.6	-200.93	-102.86	-54.8
EBIT Margin	0.24%	-2.57%	-9.26%	-5.94%	-4.21%
Effective Tax Rate	33.91%	83.86%	-9.25%	-9.03%	-5.44%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q