$HUBS
HUBSPOT INC

2019 Q1 Form 10-Q Financial Statement

#000156459019016599 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $151.8M $114.6M
YoY Change 32.51% 39.27%
Cost Of Revenue $29.58M $22.38M
YoY Change 32.18% 31.07%
Gross Profit $122.2M $92.18M
YoY Change 32.59% 41.42%
Gross Profit Margin 80.51% 80.47%
Selling, General & Admin $96.10M $77.15M
YoY Change 24.56% 28.99%
% of Gross Profit 78.63% 83.7%
Research & Development $35.20M $26.35M
YoY Change 33.58% 97.1%
% of Gross Profit 28.8% 28.59%
Depreciation & Amortization $6.973M $5.110M
YoY Change 36.46% 53.5%
% of Gross Profit 5.71% 5.54%
Operating Expenses $131.2M $103.5M
YoY Change 26.76% 41.44%
Operating Profit -$9.036M -$11.32M
YoY Change -20.2% 41.55%
Interest Expense $5.513M $5.174M
YoY Change 6.55% 9850.0%
% of Operating Profit
Other Income/Expense, Net -$1.351M -$3.633M
YoY Change -62.81% -3053.66%
Pretax Income -$10.39M -$14.96M
YoY Change -30.55% 89.88%
Income Tax $713.0K $491.0K
% Of Pretax Income
Net Earnings -$11.10M -$15.45M
YoY Change -28.15% 91.31%
Net Earnings / Revenue -7.31% -13.49%
Basic Earnings Per Share
Diluted Earnings Per Share -$273.4K -$407.4K
COMMON SHARES
Basic Shares Outstanding 40.57M 37.83M
Diluted Shares Outstanding 40.57M 37.83M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $969.1M $529.4M
YoY Change 83.06% 331.11%
Cash & Equivalents $285.1M $154.0M
Short-Term Investments $684.0M $375.4M
Other Short-Term Assets $45.00M $35.90M
YoY Change 25.35% 62.44%
Inventory
Prepaid Expenses
Receivables $69.20M $54.20M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.084B $619.5M
YoY Change 74.9% 244.55%
LONG-TERM ASSETS
Property, Plant & Equipment $214.1M $47.70M
YoY Change 348.85% 37.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.50M $28.10M
YoY Change -48.4% -25.66%
Other Assets $25.60M $16.50M
YoY Change 55.15% 170.49%
Total Long-Term Assets $286.6M $123.5M
YoY Change 132.06% 29.35%
TOTAL ASSETS
Total Short-Term Assets $1.084B $619.5M
Total Long-Term Assets $286.6M $123.5M
Total Assets $1.370B $743.0M
YoY Change 84.4% 169.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.90M $5.200M
YoY Change 186.54% 59.66%
Accrued Expenses $62.40M $38.70M
YoY Change 61.24% 43.87%
Deferred Revenue $191.2M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K
YoY Change
Total Short-Term Liabilities $268.6M $192.4M
YoY Change 39.6% 41.85%
LONG-TERM LIABILITIES
Long-Term Debt $324.0M $303.4M
YoY Change 6.79% 101033.33%
Other Long-Term Liabilities $178.5M $26.20M
YoY Change 581.3% 74.67%
Total Long-Term Liabilities $502.5M $329.6M
YoY Change 52.46% 2054.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $268.6M $192.4M
Total Long-Term Liabilities $502.5M $329.6M
Total Liabilities $771.1M $521.9M
YoY Change 47.75% 245.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $599.0M $221.1M
YoY Change
Total Liabilities & Shareholders Equity $1.370B $743.0M
YoY Change 84.4% 169.89%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$11.10M -$15.45M
YoY Change -28.15% 91.31%
Depreciation, Depletion And Amortization $6.973M $5.110M
YoY Change 36.46% 53.5%
Cash From Operating Activities $37.72M $26.72M
YoY Change 41.14% 39.91%
INVESTING ACTIVITIES
Capital Expenditures $4.265M $6.239M
YoY Change -31.64% 6.92%
Acquisitions
YoY Change
Other Investing Activities -$203.0M $45.10M
YoY Change -550.11% -9120.0%
Cash From Investing Activities -$210.1M $36.26M
YoY Change -679.52% -553.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $342.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 347.2M 3.557M
YoY Change 9661.79% 22.66%
NET CHANGE
Cash From Operating Activities 37.72M 26.72M
Cash From Investing Activities -210.1M 36.26M
Cash From Financing Activities 347.2M 3.557M
Net Change In Cash 174.0M 67.22M
YoY Change 158.92% 362.24%
FREE CASH FLOW
Cash From Operating Activities $37.72M $26.72M
Capital Expenditures $4.265M $6.239M
Free Cash Flow $33.45M $20.48M
YoY Change 63.31% 54.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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36178000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35460000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
35619000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
183294000
CY2019Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
178000
CY2019Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
30000
CY2019Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
27755000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
33769000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
35414000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
35314000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
35686000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
184341000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
352279000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
298000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
33000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
331000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
20000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
311000
CY2019Q1 hubs Lessee Operating Lease Date Of Maturity Month And Year
LesseeOperatingLeaseDateOfMaturityMonthAndYear
2023-06
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1162000
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
342630000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21548000
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-304000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
426000
CY2019Q1 hubs Stock Issuance Costs
StockIssuanceCosts
365000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
113000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
20000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
210360000
CY2018Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3878000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16596000
CY2018Q1 hubs Cumulative Adjustment From Adoption Of Revenue Recognition Standard
CumulativeAdjustmentFromAdoptionOfRevenueRecognitionStandard
5793000
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
298000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-379000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
221098000
CY2019Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
122000
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16046000
CY2019Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1

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