analyzeportfolio
NYSE · Technology

HUBSPOT INC (HUBS)

As-reported financials and SEC filings for HUBSPOT INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About HUBSPOT INC

HubSpot Inc provides a customer platform designed to help marketing, sales, and customer service teams drive business growth. Its platform includes AI-powered agents, a smart customer relationship management (CRM) system, and an ecosystem of integrations and educational resources. HubSpot primarily serves mid-market business-to-business companies with between 2 and 2,000 employees, offering its platform on a subscription basis.

Snapshot

Revenue
$3.13B
Revenue growth (YoY)
19.2%
Net income
$45.9M
Diluted EPS
$0.86
Gross margin
83.8%
Operating margin
0.2%
Net margin
1.5%
FCF margin
22.6%
ROE
2.2%
net income / fiscal-year-end equity
P/E
84.7×
trailing when available, otherwise FY EPS
Market cap
$12.14B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Hubspot

  • Revenue grew 19.2% to $3.1B in FY2025, in line with the 21.1% the year before.
  • Operating margin turned positive at 0.2% in FY2025, from a 4.2% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $912M, up 19.8% from Q2 FY2025.
  • Free cash flow was $708M in FY2025, 22.6% of revenue.
  • Net income rose 892.0% to $46M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Hubspot’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin83.8%
92nd percentile of 264
Operating margin0.2%
46th percentile of 303
Net margin1.5%
48th percentile of 307
FCF margin22.6%
70th percentile of 285
Revenue growth (YoY)+19.2%
73rd percentile of 325
ROE2.2%
49th percentile of 285
P/E84.7×
90th percentile of 169
Short interest1.34d
17th percentile of 330

Hubspot’s gross margin of 83.8% ranks in the 92nd percentile of the 264 software companies reporting it. Hubspot’s P/E of 84.7 ranks in the 90th percentile of the 169 peers with a meaningful P/E.

1 reported insider purchase (code P) totaling $199,735 in the last 90 days, against 4 sales totaling $5.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$1.11B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$441.3M2.4MAdded
Two Sigma InvestmentsquantQ2 2026$332.1M1.8MAdded
D. E. ShawquantQ2 2026$113.3M620.5KAdded
Millennium ManagementquantQ2 2026$105.7M579.4KReduced
Point72 Asset ManagementquantQ2 2026$50.4M276.3KNew
Renaissance TechnologiesquantQ2 2026$49.7M272.3KAdded
Citadel AdvisorsquantQ2 2026$11.3M61.7KReduced
Gotham Asset ManagementQ2 2026$8.7M47.6KAdded

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$200K
code P value
Sells (90d)
4
$5.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-20
Halligan BrianDirectorSell8.5K$219.50$1.9M
2026-08-10
Dischler GeraldDirectorBuy925$215.93$200K
2026-08-04
filed 2026-08-06
FISHER ERIKA ASHLEYChief Legal OfficerSell702$235.22$165K
2026-07-21
filed 2026-07-22
Halligan BrianDirectorSell8.5K$221.09$1.9M
2026-06-16
filed 2026-06-18
Halligan BrianDirectorSell8.5K$184.42$1.6M
2026-05-19
filed 2026-05-21
Halligan BrianDirectorSell8.5K$220.00$1.9M
2026-05-12
Shah DharmeshChief Technology OfficerBuy10.0K$181.37$1.8M
2026-05-12
Rangan YaminiChief Executive Officer & PresBuy2.8K$189.84$522K
2026-05-11
filed 2026-05-12
NORRINGTON LORRIE MDirectorBuy1.3K$190.42$250K
2026-05-04
filed 2026-05-05
FISHER ERIKA ASHLEYChief Legal OfficerSell915$236.66$217K
2026-04-21
filed 2026-04-23
Halligan BrianDirectorSell8.3K$230.72$1.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.9M
settled 2026-08-14
Change vs prior
-14.3%
vs previous settlement
Days to cover
1.34
at avg daily volume
Avg daily volume
2.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.9M-14.3%1.34
2026-07-314.5M-10.2%2.63
2026-07-155.0M-17.6%4.07
2026-06-306.1M-3.7%3.11
2026-06-156.3M+7.8%3.26
2026-05-295.9M+7.3%2.64
2026-05-155.5M+26.7%2.13
2026-04-304.3M+19.4%3.59

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.13B$2.63B$2.17B$1.73B$1.30B
Gross profit$2.62B$2.23B$1.83B$1.42B$1.04B
Operating income$7.4M$-67.6M$-200.9M$-102.9M$-54.8M
Net income$45.9M$4.6M$-164.5M$-107.3M$-77.8M
Diluted EPS$0.86$0.09$-3.30$-2.23$-1.66

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$882.2M$512.7M$388.0M$331.0M$377.0M
Current assets$2.45B$2.63B$1.87B$1.75B$1.45B
Total assets$3.85B$3.80B$3.07B$2.54B$2.17B
Current liabilities$1.47B$1.57B$942.0M$754.5M$617.5M
Long-term debt
Total liabilities$1.79B$1.89B$1.74B$1.55B$1.30B
Total equity$2.07B$1.91B$1.33B$994.7M$870.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$760.7M$598.6M$351.0M$273.2M$238.7M
Capital expenditure$53.2M$37.9M$33.7M$37.4M$28.7M
Free cash flow$707.6M$560.7M$317.3M$235.7M$210.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$911.7M19.8%$43.3M$0.86
Q1 FY2026$881.0M23.4%$32.6M$0.62
Q4 FY2025$846.7M20.4%$54.4M$0.98
Q3 FY2025$809.5M20.9%$16.5M$0.31
Q2 FY2025$760.9M19.4%$-3.3M$-0.06
Q1 FY2025$714.1M15.7%$-21.8M$-0.42
Q4 FY2024$703.2M20.8%$5.0M$0.09
Q3 FY2024$669.7M20.1%$8.1M$0.16

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK1404655

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-16
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-04-01
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

Monitor HUBS

Get an alert when Hubspot files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor HUBS free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.