14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 28.8% per year over the past 5 years.
Operating margin has expanded, at 0.2% in the latest year.
Free cash flow has grown 68.8% per year over the past 5 years.
Financial health
Operating income covered interest expense 8.4× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.1B
$46M
83.8%
0.2%
$708M
—
$882M
2024
$2.6B
$5M
85.0%
-2.6%
$561M
—
$513M
2023
$2.2B
-$176M
84.4%
-9.3%
$317M
—
$388M
2022
$1.7B
-$113M
82.2%
-5.9%
$236M
—
$331M
2021
$1.3B
-$78M
80.1%
-4.2%
$210M
—
$377M
2020
$883M
-$85M
81.1%
-5.8%
$52M
—
$378M
2019
$675M
-$54M
80.7%
-7.0%
$79M
—
$270M
2018
$513M
-$64M
80.4%
-9.4%
$63M
—
$111M
2017
$376M
-$40M
79.8%
-10.7%
$29M
—
$88M
2016
$271M
-$46M
77.2%
-16.5%
$4M
—
$60M
2015
—
-$46M
—
—
—
—
$56M
2014
—
-$48M
—
—
—
—
$124M
2013
—
-$34M
—
—
—
—
$13M
2012
—
-$19M
—
—
—
—
$41M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$881M
$33M
83.5%
3.2%
$183M
—
$944M
Dec '25
$847M
$54M
83.7%
5.7%
$234M
—
$882M
Sep '25
$810M
$17M
83.5%
1.4%
$177M
—
$614M
Jun '25
$761M
-$3M
83.9%
-3.2%
$148M
—
$601M
Mar '25
$714M
-$22M
83.9%
-3.8%
$148M
—
$625M
Dec '24
$703M
$5M
85.3%
-1.5%
$181M
—
$513M
Sep '24
$670M
$8M
85.2%
-1.4%
$148M
—
$410M
Jun '24
$637M
-$14M
85.0%
-3.8%
$110M
—
$798M
Mar '24
$617M
$6M
84.6%
-3.8%
$121M
—
$448M
Dec '23
$582M
-$12M
85.0%
-4.0%
$96M
—
$388M
Sep '23
$558M
-$4M
84.6%
-3.3%
$78M
—
$536M
Jun '23
$529M
-$112M
83.9%
-22.0%
$66M
—
$457M
Mar '23
$502M
-$37M
84.0%
-8.6%
$78M
—
$325M
Dec '22
$470M
-$16M
82.9%
-2.9%
$84M
—
$331M
Sep '22
$444M
-$31M
81.5%
-7.3%
$47M
—
$332M
Jun '22
$422M
-$56M
81.3%
-12.4%
$33M
—
$306M
Mar '22
$396M
-$9M
81.6%
-2.8%
$72M
—
$408M
Dec '21
$369M
-$16M
80.6%
-2.2%
$84M
—
$377M
Sep '21
$339M
-$14M
79.5%
-4.4%
$36M
—
$288M
Jun '21
$311M
-$25M
79.8%
-5.3%
$31M
—
$338M
Valuation over time
How the market has priced HUBS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 7707.0× (Dec '24) to 190.1× (Jun '26).
The price-to-sales ratio has fallen from 12.7× (Mar '23) to 2.8× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is HUBS growing its revenue and profit?
Over the past 5 years, Hubspot Inc's revenue has grown 28.8% per year. These are computed facts, not advice.
How much debt does HUBS have?
As of FY2025, Hubspot Inc reported — of total debt against $882M of cash; operating income covered interest expense 8.4×.
What is HUBS's profit margin?
In FY2025, gross margin was 83.8%, operating margin 0.2%, and net margin 1.5%.
What is HUBS's P/E ratio?
As of Jun '26, Hubspot Inc traded at a price-to-earnings ratio of about 190.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.