$HUBS
HUBSPOT INC

2024 Q2 Form 10-Q Financial Statement

#000095017024057772 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $637.2M $617.4M
YoY Change 20.43% 23.08%
Cost Of Revenue $95.52M $95.09M
YoY Change 9.43% 15.9%
Gross Profit $541.7M $522.3M
YoY Change 22.6% 24.49%
Gross Profit Margin 85.01% 84.6%
Selling, General & Admin $366.4M $369.1M
YoY Change 12.21% 19.82%
% of Gross Profit 67.64% 70.67%
Research & Development $198.2M $175.6M
YoY Change 16.61% 37.56%
% of Gross Profit 36.58% 33.63%
Depreciation & Amortization $22.20M $21.23M
YoY Change 35.15% 28.15%
% of Gross Profit 4.1% 4.07%
Operating Expenses $565.6M $545.6M
YoY Change 0.95% 17.49%
Operating Profit -$23.94M -$23.23M
YoY Change -79.8% -48.1%
Interest Expense $901.0K $935.0K
YoY Change -3.84% 0.54%
% of Operating Profit
Other Income/Expense, Net $21.25M $30.95M
YoY Change 64.31% 253.83%
Pretax Income -$2.682M $7.720M
YoY Change -97.46% -121.43%
Income Tax $11.75M $1.786M
% Of Pretax Income 23.13%
Net Earnings -$14.44M $5.934M
YoY Change -87.86% -115.5%
Net Earnings / Revenue -2.27% 0.96%
Basic Earnings Per Share -$0.28 $0.12
Diluted Earnings Per Share -$0.28 $0.12
COMMON SHARES
Basic Shares Outstanding 50.96M 50.67M
Diluted Shares Outstanding 51.01M 51.50M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.736B $1.519B
YoY Change 13.51% 2.29%
Cash & Equivalents $797.9M $447.8M
Short-Term Investments $937.8M $1.071B
Other Short-Term Assets $230.6M $199.7M
YoY Change 34.06% 42.82%
Inventory
Prepaid Expenses
Receivables $269.9M $266.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.236B $1.985B
YoY Change 17.21% 8.96%
LONG-TERM ASSETS
Property, Plant & Equipment $105.9M $103.4M
YoY Change 1.59% -3.45%
Goodwill $173.6M $173.7M
YoY Change 273.55% 273.85%
Intangibles
YoY Change
Long-Term Investments $210.0M $311.5M
YoY Change 43.59% 155.74%
Other Assets $93.87M $88.06M
YoY Change 42.49% 33.13%
Total Long-Term Assets $1.120B $1.208B
YoY Change 36.35% 46.99%
TOTAL ASSETS
Total Short-Term Assets $2.236B $1.985B
Total Long-Term Assets $1.120B $1.208B
Total Assets $3.356B $3.193B
YoY Change 22.97% 20.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.115M $7.928M
YoY Change 31.34% 168.02%
Accrued Expenses $261.5M $254.8M
YoY Change 2.89% 9.8%
Deferred Revenue $708.1M $696.9M
YoY Change 20.85% 21.88%
Short-Term Debt $457.2M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.437B $959.6M
YoY Change 69.6% 18.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $456.7M
YoY Change -100.0% 0.44%
Other Long-Term Liabilities $40.11M $38.24M
YoY Change 55.65% 115.3%
Total Long-Term Liabilities $40.11M $38.24M
YoY Change 55.65% 115.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.437B $959.6M
Total Long-Term Liabilities $40.11M $38.24M
Total Liabilities $1.755B $1.744B
YoY Change 6.59% 9.18%
SHAREHOLDERS EQUITY
Retained Earnings -$812.9M -$798.5M
YoY Change 1.67% 17.31%
Common Stock $2.419B $2.251B
YoY Change 27.94% 29.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.601B $1.449B
YoY Change
Total Liabilities & Shareholders Equity $3.356B $3.193B
YoY Change 22.97% 20.78%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$14.44M $5.934M
YoY Change -87.86% -115.5%
Depreciation, Depletion And Amortization $22.20M $21.23M
YoY Change 35.15% 28.15%
Cash From Operating Activities $117.8M $127.1M
YoY Change 53.94% 56.76%
INVESTING ACTIVITIES
Capital Expenditures $29.64M $5.882M
YoY Change 8.37% 77.7%
Acquisitions
YoY Change
Other Investing Activities $242.8M -$46.62M
YoY Change 233.74% -41.93%
Cash From Investing Activities $213.2M -$74.13M
YoY Change 369.53% -24.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.61M 11.16M
YoY Change 98.28% 10.93%
NET CHANGE
Cash From Operating Activities 117.8M 127.1M
Cash From Investing Activities 213.2M -74.13M
Cash From Financing Activities 20.61M 11.16M
Net Change In Cash 351.6M 59.81M
YoY Change 165.69% -1120.06%
FREE CASH FLOW
Cash From Operating Activities $117.8M $127.1M
Capital Expenditures $29.64M $5.882M
Free Cash Flow $88.19M $121.2M
YoY Change 79.27% 55.87%

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