HUBSNYSEServices-Prepackaged SoftwareFiscal year ends December 31
HUBSPOT INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$234.63+3.69 (+1.60%)
Close on Oct 19, 2026
- Market cap
- $11.88B
- P/E (TTM)
- 84.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
83.8%+2.7 pts over 5 years
Operating margin
0.2%+6.0 pts over 5 years
Net margin
1.5%+11.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.2% | +21.8% | +28.8% | +32.9% | |
| Gross profit | +17.4% | +22.6% | +29.6% | +34.6% | |
| Net income | +892.0% | – | – | – | |
| EPS, diluted | +855.6% | – | – | – | |
| Free cash flow | +26.2% | +44.2% | +68.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -37.9% | -12.0% | 2.3% | |
| Return on assets | -19.0% | -4.8% | 1.2% | |
| Current ratio | 1.38 | 3.27 | 1.67 | |
| Interest coverage | -168.5× | -1.4× | 8.4× | |
| Capex to revenue | 5.8% | 4.2% | 1.7% | |
| Diluted shares | 35M | 45M | 53M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hubspot generated $2.22B from operations and spent $690.99M on capital expenditure, dividends and share buybacks. 28% of that went back into the business.
Generated
$2.22B
Used
$690.99M
Capital expenditure$190.97M28%Dividends$00%Share buybacks$500.02M72%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.5%
×Asset turnover0.82×
×Equity multiplier1.92×
=Return on equity, FY20252.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.5% | 0.82× | 1.92× | 2.3% |
| FY2024 | 0.2% | 0.77× | 2.12× | 0.3% |
| FY2023 | -7.6% | 0.77× | 2.41× | -14.1% |
| FY2022 | -6.2% | 0.73× | 2.53× | -11.5% |
| FY2021 | -6.0% | 0.63× | 2.54× | -9.5% |
| FY2020 | -9.6% | 0.50× | 2.51× | -12.0% |
| FY2019 | -8.0% | 0.56× | 2.69× | -12.0% |
| FY2018 | -12.4% | 0.66× | 3.40× | -28.1% |
| FY2017 | -10.6% | 0.77× | 2.95× | -24.1% |
| FY2016 | -16.8% | 1.13× | 2.00× | -37.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$45.91M
- Cash generatingOperating cash flow above zero$760.72M
- Return on assets improvedROA up on the prior year0.2% → 1.2%
- Earnings backed by cashOperating cash flow above net income$760.72M vs $45.91M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.67 → 1.67
- No dilutionShare count did not rise52M → 53M
- Gross margin improvedGross margin up on the prior year85.03% → 83.76%
- More efficientAsset turnover rose0.86 → 0.82