HubSpot, Inc. (HUBS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 198.82M | 247.43M | 187.35M | 164.36M | 161.57M | 194.14M | 159.54M | 117.83M | 127.09M | 104.31M | 89.05M | 76.54M | 81.07M | 89.97M | 60.06M | 40.92M | 82.23M | 95.18M | 42.65M | 38.19M |
| Operating CF Margin % | 22.57% | 29.24% | 23.14% | 21.6% | 22.62% | 27.61% | 23.82% | 18.49% | 20.58% | 17.93% | 15.97% | 14.47% | 16.16% | 19.16% | 13.53% | 9.7% | 20.79% | 25.77% | 12.57% | 12.29% |
| Operating CF Growth % | 23.06% | 27.45% | 17.43% | 39.49% | 27.13% | 86.12% | 79.17% | 53.94% | 56.76% | 15.95% | 48.25% | 87.06% | -1.41% | -5.48% | 40.82% | 7.15% | 31.14% | 56.23% | 10.31% | 213.36% |
| Net Income | 32.55M | 54.43M | 16.54M | -3.26M | -21.79M | 4.98M | 8.15M | -14.44M | 5.93M | -13.6M | -5.46M | -118.95M | -36.56M | -15.64M | -31.41M | -56.36M | -9.34M | -16.37M | -13.73M | -24.57M |
| Depreciation & Amortization | 40.24M | 38.57M | 35.7M | 33.19M | 28.83M | 28.38M | 25.01M | 22.2M | 21.23M | 19.16M | 20.51M | 16.43M | 16.57M | 15.53M | 15.56M | 14.27M | 12.8M | 11.97M | 11.45M | 10.53M |
| Stock-Based Compensation | 115.74M | 132.4M | 138.09M | 140.97M | 116.69M | 134.39M | 130.27M | 128.99M | 111.12M | 113.73M | 107.51M | 128M | 83.04M | 76.77M | 72.21M | 81.16M | 45.7M | 45.91M | 44.99M | 43.43M |
| Deferred Taxes | -73K | 268K | -56K | 121K | -335K | 3.3M | -399K | -45K | -167K | 265K | 141K | 4.75M | 47K | -1.53M | -191K | -152K | -246K | -1.55M | -201K | -114K |
| Other Non-Cash Items | -4M | -12.17M | -6.08M | -17.77M | -9.15M | -14.12M | 3.98M | -13.13M | -24.26M | -7.12M | -12.2M | 52.62M | -5.6M | 1.05M | -4.13M | 1.07M | -2.43M | 5.52M | -11.02M | 3.94M |
| Working Capital Changes | 14.36M | 33.94M | 3.17M | 11.1M | 47.32M | 37.21M | -7.46M | -5.76M | 13.23M | -8.12M | -21.45M | -6.32M | 23.58M | 13.8M | 8.02M | 931K | 35.74M | 49.7M | 11.16M | 4.98M |
| Change in Receivables | 58.44M | -99.81M | 5.78M | -15.63M | 45.66M | -62.24M | -4.56M | -7M | 25.42M | -70.8M | -8.45M | -8.99M | 30.61M | -53.85M | -5.79M | -17.9M | 3.55M | -31.86M | -11.19M | -7.53M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -698K | -7.62M | 8.32M | 0 | 0 | 0 | 0 | 0 | 27.51M | 23.55M | 6.64M |
| Change in Payables | 31.32M | -1.13M | 11.01M | -8.91M | 18.03M | -6.03M | 1.67M | 1.08M | -1.3M | -8.87M | 12.65M | 59K | -17.87M | 7.62M | 1.7M | 5.33M | 3.63M | 1.34M | -10.68M | -5.87M |
| Cash from Investing | 64.58M | 30.4M | 170.21M | 268.6M | 22.56M | -85.51M | -569.38M | 213.16M | -74.13M | -266.45M | -15.01M | 45.4M | -98.71M | -108.54M | -35.11M | -120.98M | -55.04M | -9.8M | -58.96M | -93.09M |
| Capital Expenditures | -15.42M | -13.45M | -10.35M | -16.02M | -13.35M | -12.73M | -11.13M | -8.2M | -5.88M | -8.69M | -10.84M | -10.88M | -3.31M | -6.04M | -13.11M | -8.33M | -9.94M | -11.33M | -6.65M | -6.78M |
| CapEx % of Revenue | 1.75% | 1.59% | 1.28% | 2.11% | 1.87% | 1.81% | 1.66% | 1.29% | 0.95% | 1.49% | 1.94% | 2.06% | 0.66% | 1.29% | 2.95% | 1.98% | 2.51% | 3.07% | 1.96% | 2.18% |
| Acquisitions | -8.34M | -16.14M | -1.64M | -18.48M | -51.36M | -36.49M | -3.94M | 0 | 0 | -141.9M | -2.25M | 0 | 0 | -1.25M | -1.65M | -250K | 0 | 0 | 0 | -792K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -34.87M | -30.26M | -34.52M | -35.69M | -30.42M | -24.15M | -23.65M | -19.51M | -21.63M | -17.25M | -17.69M | -16.47M | -15.12M | -12.99M | -11.42M | -20.21M | -9.72M | -7.5M | -9.22M | -9.08M |
| Cash from Financing | -196.18M | -9.47M | -340.58M | -479.63M | -80.33M | 10.06M | 11.67M | 20.61M | 11.15M | 6.65M | 9.91M | 10.39M | 10.06M | 8.61M | 7.83M | -14.89M | 5.88M | 5.83M | -30.57M | -4.93M |
| Debt Issued (Net) | 0 | 0 | 0 | -369.24M | -90.57M | -57K | 0 | 0 | 0 | -13K | 0 | 0 | 0 | 0 | 0 | -19.32M | -1.62M | -9.1M | -35.02M | -9.51M |
| Equity Issued (Net) | -190.37M | -6.07M | -336.22M | -105.65M | 19.31M | 14.29M | 15.97M | 25.3M | 19.94M | 9.8M | 13.38M | 13.3M | 11.25M | 10.21M | 10.02M | 7.85M | 11.85M | 12.39M | 9.26M | 8.53M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -206.68M | -14.75M | 0 | -125M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.81M | -3.4M | -4.36M | -4.74M | -9.07M | -4.17M | -4.29M | -4.7M | -8.79M | -3.14M | -3.47M | -2.9M | -1.2M | -1.57M | -2.19M | -3.41M | -4.35M | 2.54M | -4.81M | -3.95M |
| Net Change in Cash | 61.7M | 267.89M | 13.16M | -25.18M | 112.36M | 102.61M | -387.81M | 350.08M | 59.81M | -146.66M | 78.33M | 132.06M | -5.86M | -513K | 26M | -102.77M | 31.42M | 88.68M | -50M | -59.16M |
| Free Cash Flow | 183.4M | 203.72M | 177.01M | 148.34M | 148.22M | 181.41M | 191.49M | 88.19M | 99.57M | 78.38M | 60.51M | 49.19M | 62.64M | 70.93M | 35.53M | 12.38M | 62.56M | 76.36M | 26.78M | 22.33M |
| FCF Margin % | 20.82% | 24.07% | 21.87% | 19.5% | 20.76% | 25.8% | 28.59% | 13.84% | 16.13% | 13.47% | 10.85% | 9.3% | 12.49% | 15.1% | 8% | 2.94% | 15.82% | 20.68% | 7.9% | 7.19% |
| FCF Growth % | 23.73% | 12.29% | -7.56% | 68.21% | 48.86% | 131.46% | 216.45% | 79.27% | 58.96% | 10.5% | 70.3% | 297.37% | 0.12% | -7.11% | 32.67% | -44.57% | 21.74% | 68% | 5.74% | 146.64% |
| FCF per Share | 3.49 | 3.88 | 3.36 | 2.81 | 2.84 | 3.47 | 3.70 | 1.73 | 1.93 | 1.56 | 1.21 | 0.99 | 1.27 | 1.45 | 0.74 | 0.26 | 1.32 | 1.61 | 0.57 | 0.48 |
| FCF Conversion (FCF/Net Income) | 6.11x | 4.55x | 11.33x | -50.45x | -7.41x | 38.96x | 19.59x | -8.16x | 21.42x | -7.67x | -24.89x | -0.68x | -2.21x | -5.75x | -1.91x | -0.73x | -8.80x | -5.81x | -3.11x | -1.55x |
| Interest Paid | 0 | 0 | 0 | 422K | 0 | 0 | 0 | 0 | 0 | 861K | 0 | 0 | 0 | 861K | 4K | 0 | 0 | 895K | 0 | 0 |
| Taxes Paid | 9.15M | 4.76M | 3.91M | 6.93M | 3.71M | 1.15M | 3.87M | 4.07M | 3.1M | 1.45M | 2M | 5.4M | 4.06M | 802K | 1.06M | 1.14M | 1.68M | 1.63M | 1.14M | 1.98M |