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Hubspot Inc (HUBS) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Hubspot Inc

CIK: 1404655 Ticker: HUBS

 

Exhibit 99.1

  

HubSpot Reports Q4 and Full Year 2020 Results

 

CAMBRIDGE, MA (February 11, 2021) —

HubSpot, Inc. (NYSE: HUBS), the customer relationship management (CRM) platform for scaling companies, today announced financial results for the fourth quarter and full year ended December 31, 2020.


Financial Highlights:

 

Revenue

Fourth Quarter 2020:

 

Total revenue was $252.1 million, up 35% compared to Q4'19.

oSubscription revenue was $244.3 million, up 36% compared to Q4'19.

oProfessional services and other revenue was $7.7 million, up 9% compared to Q4'19.

Full Year 2020:

 

Total revenue was $883.0 million, up 31% compared to 2019.

oSubscription revenue was $853.0 million, up 32% compared to 2019.

oProfessional services and other revenue was $30.0 million, up 5% compared to 2019.

Operating Income (Loss)

Fourth Quarter 2020:

 

GAAP operating margin was (3.0%), compared to (4.4%) in Q4'19.  

 

Non-GAAP operating margin was 9.8%, compared to 9.5% in Q4'19.

 

GAAP operating loss was ($7.6) million, compared to ($8.2) million in Q4'19.

 

Non-GAAP operating income was $24.6 million, compared to $17.7 million in Q4'19.

Full Year 2020:

 

GAAP operating margin was (5.8%), compared to (7.0%) in 2019.  

 

Non-GAAP operating margin was 8.5%, compared to 8.1% in 2019.

 

GAAP operating loss was ($50.8) million, compared to ($47.0) million in 2019.

 

Non-GAAP operating income was $74.9 million, compared to $54.9 million in 2019.

 

Net Income (Loss)

Fourth Quarter 2020:

 

GAAP net loss was ($15.4) million, or ($0.34) per basic and diluted share, compared to ($10.3) million, or ($0.24) per basic and diluted share in Q4'19.

 

Non-GAAP net income was $20.1 million, or $0.44 per basic and $0.40 per diluted share, compared to $17.9 million, or $0.42 per basic and $0.38 per diluted share in Q4'19.  

 

Weighted average basic and diluted shares outstanding for GAAP net loss per share was 46.0 million, compared to 42.8 million basic and diluted shares in Q4'19.

 

Weighted average basic and diluted shares outstanding for non-GAAP net income per share was 46.0 million and 49.9 million respectively, compared to 42.8 million and 46.9 million, respectively in Q4'19.

Full Year 2020:

 

GAAP net loss was ($85.0) million, or ($1.90) per basic and diluted share, compared to ($53.7) million, or ($1.28) per basic and diluted share in 2019.

 

Non-GAAP net income was $64.5 million, or $1.44 per basic and $1.32 per diluted share, compared to $58.4 million, or $1.39 per basic and $1.26 per diluted share in 2019.  

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The following information was filed by Hubspot Inc (HUBS) on Thursday, February 11, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hubspot Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Comprehensive Loss (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Business Acquisitions
Business Acquisitions (Tables)
Business Acquisitions - Additional Information (Detail)
Business Acquisitions - Summary Of Fair Value Of Assets Acquired And Liabilities Assumed (Detail)
Changes In Accumulated Other Comprehensive Loss
Changes In Accumulated Other Comprehensive Loss (Tables)
Changes In Accumulated Other Comprehensive Loss - Changes In Accumulated Other Comprehensive Loss (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Schedule Of Future Minimum Payments (Detail)
Commitments And Contingencies - Schedule Of Future Minimum Payments Under Vendor Commitments (Detail)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Detail)
Convertible Senior Notes - Schedule Of Interest Expense (Detail)
Convertible Senior Notes - Schedule Of Net Carrying Amount Of Equity Component (Detail)
Convertible Senior Notes - Schedule Of Net Carrying Amount Of Liability Component (Detail)
Convertible Senior Notes - Schedule Of Net Equity Impact, Included In Additional Paid-In Capital, Of The Liability And Equity Components (Detail)
Employee Benefit Plan
Employee Benefit Plan - Additional Information (Detail)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Additional Information (Detail)
Fair Value Of Financial Instruments - Schedule Of Fair Value Of Financial Assets And Liabilities (Detail)
Fair Value Of Financial Instruments - Summary Of Composition Of Short And Long Term Investments (Detail)
Fair Value Of Financial Instruments - Summary Of Contractual Maturities Of Short And Long Term Investments (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income Tax (Provision) Benefit (Detail)
Income Taxes - Components Of The Company's Deferred Tax Assets And Liabilities (Detail)
Income Taxes - Schedule Of Differences Between Income Taxes Computed At The Federal Statutory Rate And The Provision For Income Taxes (Detail)
Income Taxes - Schedule Of Loss Before Provision For Income Taxes (Detail)
Income Taxes - Summary Of Activity Related To Unrecognized Tax Benefits (Detail)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (Tables)
Intangible Assets And Goodwill - Additional Information (Detail)
Intangible Assets And Goodwill - Estimated Future Amortization Expense For Intangible Assets (Detail)
Intangible Assets And Goodwill - Schedule Of Changes In Carrying Amounts Of Goodwill (Detail)
Intangible Assets And Goodwill - Schedule Of Intangible Assets (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Schedule Of Changes In Asset Retirement Obligations (Detail)
Leases - Schedule Of Operating Sublease Income Generated Under Operating Lease Agreements (Detail)
Leases - Summary Of Reconciliation Between Non-Cancelable Lease Commitments And Lease Liabilities (Detail)
Leases - Summary Of Weighted Average Remaining Lease Terms And Weighted Average Discount Rate For Operating And Finance Leases (Detail)
Organization And Operations
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Detail)
Property And Equipment - Schedule Of Changes In Asset Retirement Obligations (Detail)
Property And Equipment - Schedule Of Property And Equipment (Detail)
Quarterly Financial Results (Unaudited)
Quarterly Financial Results (Unaudited) (Tables)
Quarterly Financial Results (Unaudited) - Schedule Of Quarterly Financial Results (Detail)
Revenues
Revenues - Additional Information (Detail)
Revenues - Additional Information1 (Detail)
Segment Information And Geographic Data
Segment Information And Geographic Data (Tables)
Segment Information And Geographic Data - Additional Information (Detail)
Segment Information And Geographic Data - Long Lived Assets By Geographical Region (Detail)
Segment Information And Geographic Data - Revenues By Geographical Region (Detail)
Stockholders' Equity And Stock-Based Compensation
Stockholders' Equity And Stock-Based Compensation (Tables)
Stockholders' Equity And Stock-Based Compensation - Additional Information (Detail)
Stockholders' Equity And Stock-Based Compensation - Effect Of Stock-Based Compensation On Income By Line Item (Detail)
Stockholders' Equity And Stock-Based Compensation - Schedule Of Assumptions Used For Estimation Of Fair Value Of Employee Options (Detail)
Stockholders' Equity And Stock-Based Compensation - Schedule Of Assumptions Used For Estimation Of Fair Value Of Options Granted To Employees (Detail)
Stockholders' Equity And Stock-Based Compensation - Schedule Of Stock Compensation Expense By Award Type (Detail)
Stockholders' Equity And Stock-Based Compensation - Summary Of Activity Related To Employee Stock Purchase Plan (Detail)
Stockholders' Equity And Stock-Based Compensation - Summary Of Activity Related To Rsus (Detail)
Stockholders' Equity And Stock-Based Compensation - Summary Of Number Of Shares Of Common Stock Reserved (Detail)
Stockholders' Equity And Stock-Based Compensation - Summary Of Stock Option Activity (Detail)
Subsequent Event
Subsequent Event - Additional Information (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Schedule Of Potentially Dilutive Common Stock Equivalents (Detail)
Summary Of Significant Accounting Policies - Schedule Of Property Plant And Equipment Useful Life (Detail)
Summary Of Significant Accounting Policies - Schedule Of Roll Forward Of Company's Allowance For Doubtful Accounts (Detail)
Summary Of Significant Accounting Policies - Summary Of Capitalized Software Development Costs, Exclusive Of Those Costs Recorded Within Property And Equipment (Detail)
Summary Of Significant Accounting Policies - Summary Of Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Detail)
Summary Of Significant Accounting Policies - Summary Of Reconciliation Of Denominator Used In Calculation Of Basic And Diluted Loss Per Share (Detail)
Ticker: HUBS
CIK: 1404655
Form Type: 10-K Annual Report
Accession Number: 0001564590-21-006083
Submitted to the SEC: Tue Feb 16 2021 4:38:27 PM EST
Accepted by the SEC: Tue Feb 16 2021
Period: Thursday, December 31, 2020
Industry: Prepackaged Software

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