Hubspot (HUBS) FY2020 results: revenue $883 million, up 30.8% on the year
Hubspot Inc. (HUBS) reported revenue of $883 million for fiscal 2020, the year ended 31 December 2020, up 30.8% on the year before. Net income was -$85 million, and diluted earnings per share $-1.90. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2021.
Revenue
$883 million
+30.8% on the year
FY2013FY2020
Operating margin
-5.8%
-7.0% a year earlier
FY2013FY2020
Net income
-$85 million
FY2013FY2020
Diluted EPS
-$1.90
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
883
675
513
+30.8%
Cost of revenue
167
130
100
+28.5%
Gross profit
716
545
413
+31.4%
Gross margin
81.1%
80.7%
80.4%
Research and development
206
158
118
+29.9%
Operating income
-50.8
-47.0
-48.3
Operating margin
-5.8%
-7.0%
-9.4%
Interest expense
37.0
22.8
21.4
+62.4%
Pre-tax income
-80.8
-50.8
-62.0
Income tax
4.2
3.0
1.9
+41.8%
Net income
-85.0
-53.7
-63.8
Net margin
-9.6%
-8.0%
-12.4%
Diluted EPS
-$1.90
-$1.28
-$1.66
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
88.9
119
84.9
-25.3%
Capital expenditure
37.3
40.4
22.3
-7.7%
Free cash flow
51.6
78.6
62.5
-34.3%
Free cash flow margin
5.8%
11.6%
12.2%
Cash from investing
-216
-316
-71.2
Cash from financing
222
359
12.8
-38.1%
Depreciation and amortisation
37.1
28.8
23.4
+28.7%
Share-based compensation
121
97.8
76.3
+24.3%
Diluted shares, weighted
45m
42m
39m
+6.5%
Shares outstanding at period end
46m
43m
39m
+7.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
763
650
245
+17.3%
Debt
479
341
319
+40.6%
Operating lease liabilities
280
244
n/a
+14.5%
Other liabilities
452
335
271
+35.1%
Total liabilities and equity
1,973
1,569
834
+25.8%
Fixed assets
101
83.6
52.5
+20.9%
Goodwill
31.3
30.2
14.9
+3.5%
Intangible assets
10.3
11.8
4.9
-12.5%
Investments
904
746
492
+21.2%
Cash and equivalents
378
270
111
+40.2%
Receivables
126
92.5
77.1
+36.7%
Other assets
422
336
80.8
+25.8%
Total assets
1,973
1,569
834
+25.8%
10-K for the year ended 31 December 2020, filed 16 February 2021: the filing.