$HUBS
HUBSPOT INC

2024 Q4 Form 10-Q Financial Statement

#000095017024122373 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $669.7M
YoY Change 20.12%
Cost Of Revenue $99.32M
YoY Change 13.48%
Gross Profit $570.4M
YoY Change 21.35%
Gross Profit Margin 85.17%
Selling, General & Admin $387.9M
YoY Change 16.56%
% of Gross Profit 68.0%
Research & Development $191.2M
YoY Change 21.87%
% of Gross Profit 33.52%
Depreciation & Amortization $25.01M
YoY Change 22.0%
% of Gross Profit 4.38%
Operating Expenses $580.0M
YoY Change 18.26%
Operating Profit -$9.631M
YoY Change -52.89%
Interest Expense $21.94M
YoY Change 2209.79%
% of Operating Profit
Other Income/Expense, Net $20.28M
YoY Change 49.47%
Pretax Income $10.65M
YoY Change -254.88%
Income Tax $2.502M
% Of Pretax Income 23.5%
Net Earnings $8.146M
YoY Change -249.11%
Net Earnings / Revenue 1.22%
Basic Earnings Per Share $0.16
Diluted Earnings Per Share $0.16
COMMON SHARES
Basic Shares Outstanding 51.62M 51.35M
Diluted Shares Outstanding 51.78M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.938B
YoY Change 21.35%
Cash & Equivalents $410.1M
Short-Term Investments $1.528B
Other Short-Term Assets $221.8M
YoY Change 34.11%
Inventory
Prepaid Expenses
Receivables $278.9M
Other Receivables $0.00
Total Short-Term Assets $2.439B
YoY Change 23.48%
LONG-TERM ASSETS
Property, Plant & Equipment $111.0M
YoY Change 5.72%
Goodwill $174.2M
YoY Change 278.19%
Intangibles
YoY Change
Long-Term Investments $165.6M
YoY Change 9.76%
Other Assets $112.0M
YoY Change 57.96%
Total Long-Term Assets $1.118B
YoY Change 33.02%
TOTAL ASSETS
Total Short-Term Assets $2.439B
Total Long-Term Assets $1.118B
Total Assets $3.557B
YoY Change 26.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.267M
YoY Change -68.66%
Accrued Expenses $299.6M
YoY Change 24.63%
Deferred Revenue $719.6M
YoY Change 24.44%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $457.7M
YoY Change
Total Short-Term Liabilities $1.489B
YoY Change 77.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities $46.69M
YoY Change 63.64%
Total Long-Term Liabilities $46.69M
YoY Change 63.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.489B
Total Long-Term Liabilities $46.69M
Total Liabilities $1.805B
YoY Change 10.79%
SHAREHOLDERS EQUITY
Retained Earnings -$804.8M
YoY Change -0.03%
Common Stock $2.551B
YoY Change 27.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.752B
YoY Change
Total Liabilities & Shareholders Equity $3.557B
YoY Change 26.33%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $8.146M
YoY Change -249.11%
Depreciation, Depletion And Amortization $25.01M
YoY Change 22.0%
Cash From Operating Activities $159.5M
YoY Change 79.06%
INVESTING ACTIVITIES
Capital Expenditures $34.78M
YoY Change 22.02%
Acquisitions
YoY Change
Other Investing Activities -$534.6M
YoY Change -4060.02%
Cash From Investing Activities -$569.4M
YoY Change 3695.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.67M
YoY Change 16.74%
NET CHANGE
Cash From Operating Activities 159.5M
Cash From Investing Activities -569.4M
Cash From Financing Activities 11.67M
Net Change In Cash -398.2M
YoY Change -573.44%
FREE CASH FLOW
Cash From Operating Activities $159.5M
Capital Expenditures $34.78M
Free Cash Flow $124.8M
YoY Change 105.88%

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hubs Accretion Amortization Of Debt Discount Premium
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hubs Increase Decrease In Right Of Use Assets
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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hubs Increase Decrease In Operating Lease Liabilities
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hubs Increase Decrease In Operating Lease Liabilities
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28933000
us-gaap Increase Decrease In Contract With Customer Liability
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41119000
us-gaap Increase Decrease In Contract With Customer Liability
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hubs Payment For Purchase Of Strategic Investments
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us-gaap Payments To Develop Software
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us-gaap Net Cash Provided By Used In Investing Activities
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hubs Right Of Use Asset Reductions Related To Operating Lease Terminations
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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CY2024Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2024Q3 hubs Restricted Cash Fair Value Disclosure
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CY2024Q3 us-gaap Assets Fair Value Disclosure
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CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2023Q4 hubs Restricted Cash Fair Value Disclosure
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CY2023Q4 us-gaap Assets Fair Value Disclosure
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash
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CY2023Q4 us-gaap Restricted Cash
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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392040000
CY2024Q3 us-gaap Derivative Liabilities
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CY2024Q3 us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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CY2024Q3 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
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300000
CY2024Q3 us-gaap Property Plant And Equipment Gross
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278432000
CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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167482000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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145356000
CY2024Q3 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Property Plant And Equipment Net
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us-gaap Depreciation And Amortization
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CY2023Q3 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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21800000
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344049000
CY2023Q4 us-gaap Capitalized Computer Software Gross
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257052000
CY2024Q3 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2024Q3 us-gaap Capitalized Computer Software Net
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CY2023Q4 us-gaap Capitalized Computer Software Net
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106229000
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us-gaap Capitalized Computer Software Amortization1
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54800000
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
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us-gaap Capitalized Computer Software Amortization1
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33100000
hubs Increase In Future Lease Commitments
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hubs Lessee Operating Lease Commitments Not Yet Commenced
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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14316000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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57458000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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54136000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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48981000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
36220000
CY2024Q3 hubs Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
164571000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
375682000
hubs Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
6900000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
900000
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
9838000
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
10230000
us-gaap Operating Lease Expense
OperatingLeaseExpense
29577000
us-gaap Operating Lease Expense
OperatingLeaseExpense
33139000
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
12577000
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
14701000
us-gaap Operating Lease Payments
OperatingLeasePayments
42002000
us-gaap Operating Lease Payments
OperatingLeasePayments
45827000
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
1404000
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
1953000
us-gaap Sublease Income
SubleaseIncome
5330000
us-gaap Sublease Income
SubleaseIncome
5995000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
3512000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
310000
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
3512000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
130266000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
107506000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
370382000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
318545000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
130266000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
107506000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
370382000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
318545000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
669721000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
557557000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1924365000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1588315000
CY2024Q3 hubs Right Of Use Asset And Property Plant And Equipment Net
RightOfUseAssetAndPropertyPlantAndEquipmentNet
336872000
CY2023Q4 hubs Right Of Use Asset And Property Plant And Equipment Net
RightOfUseAssetAndPropertyPlantAndEquipmentNet
354402000
CY2023Q1 hubs Employee Reduction Percentage
EmployeeReductionPercentage
0.07
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
1000000
us-gaap Restructuring Charges
RestructuringCharges
2800000
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
800000
us-gaap Restructuring Charges
RestructuringCharges
93300000
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
0

Files In Submission

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0000950170-24-122373-index.html Edgar Link pending
0000950170-24-122373.txt Edgar Link pending
0000950170-24-122373-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hubs-20240930.htm Edgar Link pending
hubs-20240930.xsd Edgar Link pending
hubs-ex10_1.htm Edgar Link pending
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