HUBSPOT INC

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

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.

FY2025 · Filed Feb 11, 2026

HUBS$205.93+2.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year Ended December 31,
	2025	2024	2023
Revenue:
Subscription	$3,063,917	$2,569,546	$2,123,479
Professional services and other	67,349	57,997	46,751
Total revenue	3,131,266	2,627,543	2,170,230
Cost of Revenue:
Subscription	445,336	336,878	283,675
Professional services and other	63,151	56,387	54,687
Total cost of revenue	508,487	393,265	338,362
Gross profit	2,622,779	2,234,278	1,831,868
Operating expenses:
Research and development	905,943	778,714	617,745
Sales and marketing	1,379,376	1,218,844	1,068,560
General and administrative	326,045	300,332	249,649
Restructuring	4,036	3,990	96,843
Total operating expenses	2,615,400	2,301,880	2,032,797
Income (loss) from operations	7,379	(67,602)	(200,929)
Other income (expense)
Interest income	66,218	82,706	58,828
Interest expense	(876)	(3,721)	(3,801)
Other (expense) income, net	(3,258)	17,294	(4,673)
Total other income	62,084	96,279	50,354
Income (loss) before income tax expense	69,463	28,677	(150,575)
Income tax expense	(23,552)	(24,049)	(13,935)
Net income (loss)	45,911	4,628	(164,510)
Net income (loss) per share, basic	$0.88	$0.09	$(3.30)
Net income (loss) per share, diluted	$0.86	$0.09	$(3.30)
Weighted average common shares used in computing basic net income (loss) per share:	52,455	51,178	49,877
Weighted average common shares used in computing diluted net income (loss) per share:	53,194	51,819	49,877

ContentsView on SEC.gov

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