HubSpot Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,298	3,131	2,628	2,170	1,731	1,301
Revenue Growth (YoY)	21.07%	19.17%	21.07%	25.38%	33.08%	47.30%
Cost of Revenue	539.07	508.49	393.27	338.36	308.02	258.86
Gross Profit	2,759	2,623	2,234	1,832	1,423	1,042
Selling, General & Admin	1,772	1,705	1,519	1,318	1,084	794.63
Research & Development	920.04	905.94	778.71	617.75	442.02	301.97
Other Operating Expenses	4.05	4.04	3.99	96.84	-	-
Total Operating Expenses	2,696	2,615	2,302	2,033	1,526	1,097
Operating Income	62.81	7.38	-67.6	-200.93	-102.86	-54.8
Interest Income	58.54	66.22	82.71	58.83	15	1.17
Interest Expense	-0.48	-0.88	-3.72	-3.8	-3.76	-30.28
Other Non-Operating Income (Expense)	-2.24	-3.26	17.29	-4.67	-6.83	10.09
Total Non-Operating Income (Expense)	55.82	62.08	96.28	50.35	4.41	-19.02
Pretax Income	118.63	69.46	28.68	-150.58	-98.45	-73.82
Provision for Income Taxes	22.77	23.55	24.05	13.94	8.89	4.02
Net Income	100.26	45.91	4.63	-164.51	-107.35	-77.84
Net Income to Common	100.26	45.91	4.63	-164.51	-107.35	-77.84
Net Income Growth	-	892.03%	-	-	-	-
Shares Outstanding (Basic)	53	52	51	50	48	47
Shares Outstanding (Diluted)	53	53	52	50	48	47
Shares Change (YoY)	1.60%	2.65%	3.89%	3.77%	2.50%	4.77%
EPS (Basic)	1.91	0.88	0.09	-3.30	-2.23	-1.66
EPS (Diluted)	1.91	0.86	0.09	-3.30	-2.23	-1.66
EPS Growth	-	855.56%	-	-	-	-
Shares Outstanding	51.95	52.56	51.77	49.54	49.22	47.39
Free Cash Flow	742.73	707.55	560.66	317.25	235.75	210
Free Cash Flow Growth	4.97%	26.20%	76.72%	34.57%	12.26%	306.67%
Free Cash Flow Per Share	14.11	13.30	10.82	6.36	4.90	4.48
Gross Margin	83.66%	83.76%	85.03%	84.41%	82.21%	80.10%
Operating Margin	1.90%	0.24%	-2.57%	-9.26%	-5.94%	-4.21%
Profit Margin	3.04%	1.47%	0.18%	-7.58%	-6.20%	-5.98%
FCF Margin	22.52%	22.60%	21.34%	14.62%	13.62%	16.15%
EBITDA	210.51	143.67	29.23	-128.26	-44.71	-9.64
EBITDA Margin	6.38%	4.59%	1.11%	-5.91%	-2.58%	-0.74%
EBIT	62.81	7.38	-67.6	-200.93	-102.86	-54.8
EBIT Margin	1.90%	0.24%	-2.57%	-9.26%	-5.94%	-4.21%
Effective Tax Rate	19.19%	33.91%	83.86%	-9.25%	-9.03%	-5.44%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q