← HUBSPOT INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($45.6m) | ($39.7m) | ($63.8m) | ($53.7m) | ($85.0m) | ($77.8m) | ($112.7m) | ($176.3m) | $4.6m | $45.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($45.6m) | ($39.7m) | ($63.8m) | ($53.7m) | ($85.0m) | ($77.8m) | ($112.7m) | ($176.3m) | $4.6m | $45.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($63.8m) | ($53.7m) | ($85.0m) | ($77.8m) | ($112.7m) | ($176.3m) | $4.6m | $45.9m | |
| Depreciation, Depletion and Amortization | $11.2m | $15.8m | $23.4m | $28.8m | $37.1m | $45.2m | $58.1m | $72.7m | $96.8m | $136.3m | |
| Amortization of Debt Issuance Costs and Discounts | — | $12.4m | $20.3m | $21.8m | $24.9m | $23.5m | $2.0m | $2.0m | $2.0m | $577k | |
| Amortization of Intangible Assets | $84k | $103k | $1.4m | $3.2m | $2.6m | $1.3m | $2.6m | $5.3m | $9.6m | $12.1m | |
| Capitalized Computer Software, Amortization | $5.1m | $6.3m | $9.2m | $11.6m | $16.0m | $23.0m | $32.0m | $45.8m | $74.3m | $117.9m | |
| Deferred Income Tax Expense (Benefit) | ($141k) | ($11.5m) | $36k | ($799k) | ($2.2m) | ($2.9m) | ($2.1m) | $5.2m | $2.7m | ($2k) | |
| Share-based Payment Arrangement, Noncash Expense | $32.7m | $47.3m | $76.3m | $97.8m | $121.5m | $166.8m | $275.8m | $432.3m | $504.8m | $528.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.4m | $4.4m | $8.0m | $6.2m | $7.4m | $17.4m | $11.5m | $10.7m | $21.9m | $21.6m | |
| Share-based Payment Arrangement, Expense | $32.7m | $47.3m | $76.3m | $97.8m | $121.5m | $166.8m | $275.8m | $432.3m | $504.8m | $528.2m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($10.5m) | ($4.9m) | — | $0 | — | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | — | — | — | — | — | ($6.5m) | — | $0 | — | — | |
| Income Tax Expense (Benefit) | $533k | ($10.3m) | $1.9m | $3.0m | $4.2m | $4.0m | $8.1m | $18.6m | $24.0m | $23.6m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $3.7m | $876k | |
| Operating Lease, Expense | — | — | — | $32.9m | $44.6m | $47.5m | $43.9m | $42.8m | — | — | |
| Other Nonoperating Income (Expense) | ($956k) | ($559k) | ($1.5m) | ($393k) | ($711k) | $10.1m | ($6.8m) | ($4.7m) | $17.3m | ($3.3m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $14.1m | $20.2m | $17.7m | $15.4m | $30.0m | $34.1m | $74.0m | $57.6m | $48.4m | $64.0m | |
| Increase (Decrease) in Accounts Payable | $983k | $1.1m | $3.3m | $3.9m | $3.7m | ($10.6m) | $18.3m | ($14.0m) | ($4.6m) | $19.0m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $2.5m | $3.4m | $5.5m | $7.9m | $8.5m | $6.1m | $11.5m | $18.9m | $19.9m | $24.9m | |
| Purchases of property and equipment, accrued but unpaid | $15.8m | $20.3m | $22.3m | $40.4m | $37.3m | $28.7m | $37.4m | $33.7m | $37.9m | $53.2m | |
| Asset Retirement Obligation, Accretion Expense | $30k | $46k | $92k | $103k | $236k | $267k | $183k | $494k | $130k | $145k | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($81k) | $139k | ($483k) | $156k | $952k | ($1.3m) | ($1.0m) | $341k | $1.6m | $5.7m | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | $4.3m | — | $0 | — | — | |
| General and Administrative Expense | $45.1m | $56.8m | $75.8m | $93.0m | $109.2m | $144.9m | $197.7m | $249.6m | $300.3m | $326.0m | |
| Goodwill | $9.8m | $14.9m | $14.9m | $30.2m | $31.3m | $47.1m | $46.2m | $173.8m | $209.5m | $291.5m | |
| Investment Income, Interest | $854k | $3.8m | $9.2m | $19.4m | $7.8m | $1.2m | $15.0m | $58.8m | $82.7m | $66.2m | |
| Nonoperating Income (Expense) | ($367k) | ($9.9m) | ($13.7m) | ($3.8m) | ($30.0m) | ($19.0m) | $4.4m | $50.4m | $96.3m | $62.1m | |
| Operating Expenses | $253.8m | $340.0m | $460.9m | $591.9m | $766.9m | $1.1b | $1.5b | $2.0b | $2.3b | $2.6b | |
| Payments for Repurchase of Warrants | — | — | — | — | $327.5m | — | $34k | $0 | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | $67.3m | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $19.4m | $49.6m | $84.9m | $119.0m | $88.9m | $238.7m | $273.2m | $351.0m | $598.6m | $760.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $15.8m | $20.3m | $22.3m | $40.4m | $37.3m | $28.7m | $37.4m | $33.7m | $37.9m | $53.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $23.3m | — | $16.8m | — | $142.1m | $40.4m | $87.6m | |
| Net Cash Provided by (Used in) Investing Activities | ($22.8m) | ($396.6m) | ($71.2m) | ($316.2m) | ($215.6m) | ($179.5m) | ($319.7m) | ($334.8m) | ($515.9m) | $491.8m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $389.2m | — | — | $450.1m | — | — | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | $1.4b | $1.4b | $1.2b | $1.5b | $1.7b | $2.2b | |
| Repayments of Long-term Debt | — | — | — | — | $236.0m | $89.5m | $1.6m | $13k | $57k | $459.8m | |
| Proceeds from Issuance of Common Stock | $11.6m | $13.1m | $21.6m | $342.6m | $30.4m | $46.5m | $39.9m | $47.7m | $75.5m | $71.4m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $500.0m | |
| Net Cash Provided by (Used in) Financing Activities | $8.5m | $376.8m | $12.8m | $359.3m | $222.5m | ($51.5m) | $7.4m | $37.0m | $53.5m | ($910.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($760k) | $2.8m | $24.3m | $161.4m | $102.6m | ($1.1m) | ($45.9m) | $57.9m | $124.7m | $368.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.2m | $32.6m | $117.1m | $278.5m | $381.2m | $380.0m | $334.2m | $392.0m | $516.7m | $884.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $174k | $762k | $1.0m | $1.0m | $1.5m | $1.8m | $1.7m | $1.7m | $1.7m | $422k | |
| Income Taxes Paid, Net | $954k | $855k | $1.8m | $3.1m | $2.3m | $7.0m | $4.7m | $12.9m | $12.2m | $19.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.