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HUBSPOT INC

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 12, 2025

HUBS$196.99-4.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEM ENTS OF CASH FLOWS

(In thousands)

Year Ended December 31,
202420232022
Operating Activities:
Net income (loss)$4,628$(164,510)$(107,347)
Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by operating activities, net of acquisitions
Depreciation and amortization96,82872,67358,150
Stock-based compensation504,770432,271275,849
Restructuring charges—67,263—
Gain on strategic investments(21,245)—(4,201)
Impairment of strategic investments5,3061,7045,863
Provision for (benefit from) deferred income taxes2,690550(1,285)
Amortization of debt discount and issuance costs2,0121,9862,013
Accretion of bond discount(51,676)(42,907)(9,118)
Unrealized currency translation(1,550)(341)1,010
Changes in assets and liabilities, net of acquisition
Accounts receivable(48,428)(57,618)(73,985)
Prepaid expenses and other assets(4,415)(47,048)(5,987)
Deferred commission expense(96,687)(81,178)(37,583)
Right-of-use assets32,29729,17329,531
Accounts payable(4,577)(14,031)18,277
Accrued expenses and other current liabilities89,12979,94726,136
Operating lease liabilities(41,521)(36,889)(21,118)
Deferred revenue131,038109,926116,969
Net cash and cash equivalents provided by operating activities598,599350,971273,174
Investing Activities:
Purchases of investments(1,993,610)(1,580,504)(1,507,870)
Maturities of investments1,658,6011,502,5341,184,506
Sale of investments1,997—124,998
Purchases of property and equipment(37,939)(33,718)(37,426)
Capitalization of software development costs(89,636)(66,372)(44,345)
Purchases of intangible assets(1,231)(164)(10,000)
Acquisition of a business, net of cash acquired(40,438)(142,129)—
Proceeds from net working capital settlement1,933——
Purchases of strategic investments(15,538)(14,413)(29,521)
Net cash and cash equivalents used in investing activities(515,861)(334,766)(319,658)
Financing Activities:
Proceeds from settlement of Convertible Note Hedges related to the 2022 Convertible Notes——60,483
Payments for settlement of Warrants related to the 2022 Convertible Notes——(34)
Payment for settlement of 2022 Convertible Notes——(79,807)
Repayment of 2025 Convertible Notes attributable to the principal(57)(13)(1,619)
Employee taxes paid related to the net share settlement of stock-based awards(21,949)(10,714)(11,526)
Proceeds related to the issuance of common stock under stock plans75,50147,73839,931
Net cash and cash equivalents provided by financing activities53,49537,0117,428
Effect on exchange rate changes on cash and cash equivalents(11,553)4,649(6,811)
Net increase (decrease) in cash, cash equivalents and restricted cash124,68057,865(45,867)
Cash, cash equivalents and restricted cash, beginning of year392,040334,175380,042
Cash, cash equivalents and restricted cash, end of year516,720$392,040$334,175
Supplemental cash flow disclosure:
Cash paid for interest$1,721$1,722$1,746
Cash paid for income taxes$12,187$12,911$4,685
Right-of-use assets obtained in exchange for operating lease facilities$2,593$7,059$74,985
Right-of-use asset reductions related to operating lease terminations$—$(7,382)$—
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid$1,703$1,068$247
Asset retirement obligations$—$(199)$1,113

The accompanying notes are an integral part of the consolidated financial statements

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.