Hubspot (HUBS) FY2019 results: revenue $675 million, up 31.6% on the year
Hubspot Inc. (HUBS) reported revenue of $675 million for fiscal 2019, the year ended 31 December 2019, up 31.6% on the year before. Net income was -$54 million, and diluted earnings per share $-1.28. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2020.
Revenue
$675 million
+31.6% on the year
FY2012FY2019
Operating margin
-7.0%
-9.4% a year earlier
FY2012FY2019
Net income
-$54 million
FY2012FY2019
Diluted EPS
-$1.28
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
675
513
376
+31.6%
Cost of revenue
130
100
75.7
+29.5%
Gross profit
545
413
300
+32.1%
Gross margin
80.7%
80.4%
79.8%
Research and development
158
118
70.4
+34.6%
Operating income
-47.0
-48.3
-40.1
Operating margin
-7.0%
-9.4%
-10.7%
Interest expense
22.8
21.4
13.2
+6.7%
Pre-tax income
-50.8
-62.0
-50.0
Income tax
3.0
1.9
-10.3
+59.2%
Net income
-53.7
-63.8
-39.7
Net margin
-8.0%
-12.4%
-10.6%
Diluted EPS
-$1.28
-$1.66
-$1.08
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
119
84.9
49.6
+40.2%
Capital expenditure
40.4
22.3
20.3
+81.0%
Free cash flow
78.6
62.5
29.3
+25.7%
Free cash flow margin
11.6%
12.2%
7.8%
Cash from investing
-316
-71.2
-397
Cash from financing
359
12.8
377
+2,712.2%
Depreciation and amortisation
28.8
23.4
15.8
+22.9%
Share-based compensation
97.8
76.3
47.3
+28.2%
Diluted shares, weighted
42m
39m
37m
+9.1%
Shares outstanding at period end
43m
39m
38m
+9.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
650
245
210
+165.7%
Debt
341
319
298
+6.8%
Operating lease liabilities
244
n/a
n/a
Other liabilities
335
271
203
+23.7%
Total liabilities and equity
1,569
834
712
+88.2%
Fixed assets
83.6
52.5
43.3
+59.4%
Goodwill
30.2
14.9
14.9
+102.3%
Intangible assets
11.8
4.9
6.3
+138.9%
Investments
746
492
448
+51.5%
Cash and equivalents
270
111
87.7
+141.9%
Receivables
92.5
77.1
60.7
+20.0%
Other assets
336
80.8
51.2
+315.5%
Total assets
1,569
834
712
+88.2%
10-K for the year ended 31 December 2019, filed 12 February 2020: the filing.