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HubSpot HUBS Total Cost of Revenue

Total Cost of Revenue at other companies

Microsoft logo
MicrosoftMSFT
$26.83B+22.4%
Adobe logo
AdobeADBE
$715M+12.1%
Salesforce logo
SalesforceCRM
$2.57B+13.5%
Manhattan Associates logo
Manhattan AssociatesMANH
$126.64M+10.5%
Accenture logo
AccentureACN
$12.58B+5.7%
International Business Machines logo
International Business MachinesIBM
$6.97B+7.0%

Segments

By product

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Subscription And Circulation$128.72M+28.4%
Service$16.97M+14.1%

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?
HubSpot (HUBS) reported total cost of revenue of $145.69M in Q1 2026.
How has HubSpot's total cost of revenue changed year-over-year?
HubSpot's total cost of revenue increased by 26.6% year-over-year, from $115.11M to $145.69M.
What is the long-term trend for HubSpot's total cost of revenue?
Over 4 years (2021 to 2025), HubSpot's total cost of revenue has grown at a 18.4% compound annual growth rate (CAGR), from $258.86M to $508.49M.
What does total cost of revenue mean?
The direct costs incurred to provide the company's products and services to customers.
How do you interpret total cost of revenue?
A decrease relative to revenue suggests improved operational efficiency or economies of scale, while an increase may indicate rising infrastructure or support costs.
How does total cost of revenue compare across companies?
Varies by software delivery model; cloud-native companies often have lower cost of revenue than those with significant legacy service components.