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R&D at other companies

Microsoft logo
MicrosoftMSFT
$8.92B+8.7%
Salesforce logo
SalesforceCRM
$1.63B+11.4%
Manhattan Associates logo
Manhattan AssociatesMANH
$37.35M+5.8%
Accenture logo
AccentureACN
$204.33M-29.0%
International Business Machines logo
International Business MachinesIBM
$2.17B+11.4%
SS&C Technologies logo
SS&C TechnologiesSSNC
$134.6M+4.3%

Other financials

Income statement

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Revenue$881.0M+23.4%
Gross profit$735.3M+22.7%
Operating income$27.9M+202%
Net income$32.6M+249%
EPS (diluted)$0.62+248%

Balance sheet

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Cash & equivalents$943.9M+51.0%
Total debt$247.3M-13.6%
Total equity$2.0B-0.4%
Total assets$3.8B-1.7%

Cash flow

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Operating cash flow$198.8M+23.1%
CapEx$15.4M+15.6%
Free cash flow$183.4M+23.7%

Valuation

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Market cap$9.01B-56.8%
Enterprise value$8.31B-58.7%
P/E89.9×
P/S2.7×-4.9×

Profitability

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Gross margin83.7%-1.2pp
Operating margin1.9%+1.2pp
Net margin3%+2.5pp
FCF margin22.5%+0.9pp

Returns & leverage

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Return on equity5%+4.1pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by HubSpot in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: HubSpot’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HubSpot's R&D?
HubSpot (HUBS) reported R&D of $234.19M in Q1 2026.
How has HubSpot's R&D changed year-over-year?
HubSpot's R&D increased by 6.4% year-over-year, from $220.1M to $234.19M.
What is the long-term trend for HubSpot's R&D?
Over 4 years (2021 to 2025), HubSpot's R&D has grown at a 31.6% compound annual growth rate (CAGR), from $301.97M to $905.95M.
What does R&D mean?
Costs associated with developing new products and enhancing existing software features.
How do you interpret R&D?
Consistent investment signals a focus on long-term growth, while a sharp decline might suggest a reduction in innovation or cost-cutting measures.
How does R&D compare across companies?
Highly dependent on the company's growth stage; high-growth tech firms typically allocate a significant percentage of revenue to R&D.