HubSpot Inc. Files 2024 10-K

TL;DR

HUBS 2024 10-K is in. Full year financials and biz ops detailed.

AI Summary

HubSpot Inc. filed its 2024 10-K on February 12, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and business operations, including its software services and its presence in regions like Europe. Key financial data and operational metrics are presented for the reporting period.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of HubSpot's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags.

Key Numbers

• 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
• 2025-02-12 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• HUBSPOT INC (company) — Filer
• 2024-12-31 (date) — Fiscal Year End
• 2025-02-12 (date) — Filing Date
• 2 CANAL PARK, CAMBRIDGE, MA 02141 (location) — Business Address
• Europe (location) — Geographic Segment

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share HUBS New York Stock Excha
• $2.6 billion — n basis. In 2024, our total revenue was $2.6 billion and we generated a net income of $4.6 m
• $4.6 million — illion and we generated a net income of $4.6 million. As of December 31, 2024, we had 8,246

Filing Documents

• hubs-20241231.htm (10-K) — 4653KB
• hubs-ex10_7.htm (EX-10.7) — 26KB
• hubs-ex10_13.htm (EX-10.13) — 168KB
• hubs-ex19_1.htm (EX-19.1) — 99KB
• hubs-ex21_1.htm (EX-21.1) — 13KB
• hubs-ex23_1.htm (EX-23.1) — 4KB
• hubs-ex31_1.htm (EX-31.1) — 15KB
• hubs-ex31_2.htm (EX-31.2) — 15KB
• hubs-ex32_1.htm (EX-32.1) — 11KB
• img57210894_0.jpg (GRAPHIC) — 215KB
• 0000950170-25-018873.txt ( ) — 20517KB
• hubs-20241231.xsd (EX-101.SCH) — 2203KB
• hubs-20241231_htm.xml (XML) — 4473KB

Business

Business 7 ITEM 1A.

Risk Factors

Risk Factors 16 ITEM 1B. Unresolved Staff Comments 42 ITEM 1C. Cybersecurity 42 ITEM 2.

Properties

Properties 43 ITEM 3.

Legal Proceedings

Legal Proceedings 43 ITEM 4. Mine Safety Disclosures 43 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44 ITEM 6. [Reserved] 45 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 46 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 59 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 60 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 95 ITEM 9A.

Controls and Procedures

Controls and Procedures 95 ITEM 9B. Other Information 96 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 96 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 97 ITEM 11.

Executive Compensation

Executive Compensation 97 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 97 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 97 ITEM 14. Principal Accounting Fees and Services 97 PART IV ITEM 15. Exhibits, Financial Statement Schedules 98 ITEM 16. 10-K Summary 98

SIGNATURES

SIGNATURES 102 3 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this Annual Report on Form 10-K are forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements about: our future financial and operational performance and operational expenditures, including our expectations regarding our revenue, cost of revenue, gross margin and operating expenses; maintaining and expanding our customer base and increasing our average subscription revenue per customer; the impact of competition in our industry and innovation by our competitors including as a result of new or better use of evolving artificial intelligence technologies; our anticipated growth and expectations regarding our ability to manage our future growth; our expectations regarding the potential impact of geo-political conflicts, inflationary pressures, foreign currency movement, macroeconomic stability, and catastrophic events, on our business, the broader economy, our workforce and operations, the markets in which we and our partners and customers operate, and our abili

View Full Filing

View this 10-K filing on SEC EDGAR