$HUBS
HubSpot Inc

2023 Q2 Form 10-Q Financial Statement

#000095017023017259 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $529.1M $501.6M $395.6M
YoY Change 25.46% 26.8% 40.6%
Cost Of Revenue $87.29M $82.05M $72.94M
YoY Change 10.59% 12.49% 33.26%
Gross Profit $441.9M $419.6M $322.7M
YoY Change 28.89% 30.03% 42.37%
Gross Profit Margin 83.5% 83.64% 81.56%
Selling, General & Admin $326.5M $308.1M $241.1M
YoY Change 18.23% 27.79% 39.14%
% of Gross Profit 73.9% 73.43% 74.72%
Research & Development $170.0M $127.7M $92.74M
YoY Change 42.92% 37.68% 35.59%
% of Gross Profit 38.46% 30.43% 28.74%
Depreciation & Amortization $16.43M $16.57M $12.80M
YoY Change 15.17% 29.47% 14.19%
% of Gross Profit 3.72% 3.95% 3.97%
Operating Expenses $560.4M $464.3M $333.8M
YoY Change 41.83% 39.1% 38.13%
Operating Profit -$118.5M -$44.77M -$11.15M
YoY Change 126.79% 301.35% -25.8%
Interest Expense $937.0K $930.0K $950.0K
YoY Change -1.26% -2.11% -89.89%
% of Operating Profit
Other Income/Expense, Net $12.94M $8.748M $3.257M
YoY Change -750.0% 168.59% -139.41%
Pretax Income -$105.6M -$36.02M -$7.897M
YoY Change 94.62% 356.11% -66.1%
Income Tax $13.38M $2.263M $1.444M
% Of Pretax Income
Net Earnings -$118.9M -$38.28M -$9.341M
YoY Change 111.04% 309.83% -59.67%
Net Earnings / Revenue -22.48% -7.63% -2.36%
Basic Earnings Per Share -$2.39 -$0.78 -$0.20
Diluted Earnings Per Share -$2.39 -$0.78 -$195.6K
COMMON SHARES
Basic Shares Outstanding 49.64M 49.39M 47.58M
Diluted Shares Outstanding 49.70M 49.40M 47.58M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.529B $1.485B $1.235B
YoY Change 22.72% 20.23% 4.67%
Cash & Equivalents $457.2M $325.2M $408.4M
Short-Term Investments $1.072B $1.160B $826.4M
Other Short-Term Assets $172.0M $139.8M $103.5M
YoY Change 43.59% 35.16% 31.31%
Inventory
Prepaid Expenses
Receivables $206.7M $197.5M $152.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.908B $1.822B $1.491B
YoY Change 24.55% 22.2% 8.98%
LONG-TERM ASSETS
Property, Plant & Equipment $104.2M $107.1M $102.8M
YoY Change 1.63% 4.19% 6.1%
Goodwill $46.46M $46.45M $46.77M
YoY Change 1.27% -0.68%
Intangibles
YoY Change
Long-Term Investments $146.2M $121.8M $195.0M
YoY Change -10.09% -37.55% 84.0%
Other Assets $65.88M $66.15M $39.92M
YoY Change 33.9% 65.7% -19.19%
Total Long-Term Assets $821.3M $821.7M $762.2M
YoY Change 10.65% 7.81% 26.7%
TOTAL ASSETS
Total Short-Term Assets $1.908B $1.822B $1.491B
Total Long-Term Assets $821.3M $821.7M $762.2M
Total Assets $2.729B $2.644B $2.253B
YoY Change 20.02% 17.33% 14.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.133M $2.958M $8.321M
YoY Change -73.5% -64.45% -53.51%
Accrued Expenses $254.2M $232.1M $173.5M
YoY Change 42.51% 33.79% 51.37%
Deferred Revenue $585.9M $571.8M $457.9M
YoY Change 24.78% 24.87% 36.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.37M
YoY Change 64.13%
Total Short-Term Liabilities $847.5M $810.4M $662.0M
YoY Change 27.98% 22.43% 37.29%
LONG-TERM LIABILITIES
Long-Term Debt $455.2M $454.7M $452.7M
YoY Change 0.44% 0.43% 4.66%
Other Long-Term Liabilities $25.77M $17.76M $21.99M
YoY Change 40.4% -19.23% 92.93%
Total Long-Term Liabilities $25.77M $17.76M $21.99M
YoY Change 40.4% -19.23% 92.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $847.5M $810.4M $662.0M
Total Long-Term Liabilities $25.77M $17.76M $21.99M
Total Liabilities $1.647B $1.597B $1.419B
YoY Change 17.41% 12.54% 18.77%
SHAREHOLDERS EQUITY
Retained Earnings -$799.6M -$680.7M -$539.0M
YoY Change 34.31% 26.29% 6.45%
Common Stock $1.890B $1.735B $1.379B
YoY Change 27.92% 25.85% 7.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.082B $1.046B $833.8M
YoY Change
Total Liabilities & Shareholders Equity $2.729B $2.644B $2.253B
YoY Change 20.02% 17.33% 14.39%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$118.9M -$38.28M -$9.341M
YoY Change 111.04% 309.83% -59.67%
Depreciation, Depletion And Amortization $16.43M $16.57M $12.80M
YoY Change 15.17% 29.47% 14.19%
Cash From Operating Activities $76.54M $81.07M $82.23M
YoY Change 87.06% -1.41% 31.14%
INVESTING ACTIVITIES
Capital Expenditures $27.35M $3.310M $9.940M
YoY Change -195.83% -66.7% 150.57%
Acquisitions
YoY Change
Other Investing Activities $72.75M -$80.28M -$35.37M
YoY Change -178.7% 126.94% 461.49%
Cash From Investing Activities $45.40M -$98.71M -$55.04M
YoY Change -137.53% 79.36% 211.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.619M
YoY Change -95.49%
Cash From Financing Activities 10.39M 10.06M 5.879M
YoY Change -169.81% 71.05% -126.97%
NET CHANGE
Cash From Operating Activities 76.54M 81.07M 82.23M
Cash From Investing Activities 45.40M -98.71M -55.04M
Cash From Financing Activities 10.39M 10.06M 5.879M
Net Change In Cash 132.3M -5.863M 31.42M
YoY Change -239.38% -118.66% 62.17%
FREE CASH FLOW
Cash From Operating Activities $76.54M $81.07M $82.23M
Capital Expenditures $27.35M $3.310M $9.940M
Free Cash Flow $49.19M $77.76M $72.29M
YoY Change -29.18% 7.57% 23.08%

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