HubSpot Inc
HUBS
ISIN US4435731009 / Valor 25302411
HubSpot Inc
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About company
HubSpot Inc., under the leadership of CEO Yamini Rangan, has evolved from its initial focus on marketing to offer a comprehensive suite of products designed to enhance the customer experience. The company's cornerstone is its AI-powered Smart CRM platform, which is tailored to meet the needs of scaling organizations seeking to improve their growth metrics. HubSpot's offerings are not limited to marketing solutions; they encompass a range of tools aimed at creating seamless interactions between businesses and their customers. This strategic expansion into various facets of customer relationship management reflects HubSpot's commitment to providing integrated solutions that support the modern buyer's journey. Through its innovative approach and focus on leveraging artificial intelligence, HubSpot serves millions of users worldwide, helping them to navigate the complexities of customer engagement and business growth.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
HubSpot Inc. reported total revenue of $617.4 million for the first quarter of 2024, marking a 23% increase compared to the same period in 2023. Subscription revenue contributed significantly to this growth, reaching $603.8 million, also up 23% year-over-year. Professional services and other revenue totaled $13.6 million, reflecting a 15% increase from Q1 2023.
Operating Income
For Q1 2024, HubSpot Inc. achieved a GAAP operating margin of (3.8%), an improvement from (8.6%) in Q1 2023. The GAAP operating loss was reduced to $23.2 million, compared to $43.1 million in the previous year. On a non-GAAP basis, the operating margin was 15.0%, up from 13.8% in Q1 2023, with non-GAAP operating income rising to $92.6 million from $69.4 million.
Net Income
HubSpot Inc. reported a GAAP net income of $5.9 million, or $0.12 per basic and diluted share, for the first quarter of 2024. This is a significant turnaround from a net loss of $36.6 million, or ($0.74) per share, in Q1 2023. Non-GAAP net income was $89.1 million, or $1.76 per basic and $1.68 per diluted share, compared to $63.0 million, or $1.28 per basic and $1.22 per diluted share, in the same period last year.
Cash Flow and Investments
As of March 31, 2024, HubSpot Inc. had a cash, cash equivalents, and short-term and long-term investments balance of $1.8 billion. The company generated $127.1 million in cash from operating activities during Q1 2024, up from $81.1 million in Q1 2023. Non-GAAP operating cash flow was $131.3 million, and non-GAAP free cash flow was $103.8 million, both showing significant increases from the previous year.
Customer Growth
HubSpot Inc. grew its customer base to 216,840 as of March 31, 2024, representing a 22% increase from the previous year. The average subscription revenue per customer was $11,447 during Q1 2024, a 1% increase compared to Q1 2023. CEO Yamini Rangan highlighted the company's strong revenue growth and operating margin expansion, attributing it to the ease of use and scalability of HubSpot's platform.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
25867 M
Market cap (USD)
135,049
Daily traded volume (Shares)
511.92 / 489.82
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Ratings & reviews
Hein Sweerts de Landas
Vladimir Jovicic
Lea Katunaric
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