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10-Q Filing

HUBSPOT INC CIK: 1404655 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001564590-18-013006
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance hubs-20180331.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Accounts receivable, net of allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $617.00K USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $577.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $154.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.68M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $69.79M USD Point-in-time
Short-term investments AvailableForSaleSecuritiesDebtSecuritiesCurrent $375.38M USD Point-in-time
Short-term investments AvailableForSaleSecuritiesDebtSecuritiesCurrent $416.66M USD Point-in-time
Accounts receivable net of allowance for doubtful accounts of $577 and $617 at March 31, 2018 and December 31, 2017, respectively AccountsReceivableNetCurrent $54.21M USD Point-in-time
Accounts receivable net of allowance for doubtful accounts of $577 and $617 at March 31, 2018 and December 31, 2017, respectively AccountsReceivableNetCurrent $60.68M USD Point-in-time
Deferred commission expense DeferredSalesCommissionCurrent $12.72M USD Point-in-time
Deferred commission expense DeferredSalesCommissionCurrent $13.34M USD Point-in-time
Restricted cash RestrictedCashCurrent $4.76M USD Point-in-time
Restricted cash RestrictedCashCurrent $5.97M USD Point-in-time
Prepaid hosting costs PrepaidHostingCosts $4.96M USD Point-in-time
Prepaid hosting costs PrepaidHostingCosts $1.65M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $14.42M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.59M USD Point-in-time
Total current assets AssetsCurrent $602.50M USD Point-in-time
Total current assets AssetsCurrent $619.54M USD Point-in-time
Long-term investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $28.10M USD Point-in-time
Long-term investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $31.39M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $47.73M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $43.29M USD Point-in-time
Capitalized software development costs, net CapitalizedComputerSoftwareNet $9.88M USD Point-in-time
Capitalized software development costs, net CapitalizedComputerSoftwareNet $8.76M USD Point-in-time
Deferred commission expense, net of current portion DeferredSalesCommissionLongTerm $11.23M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.27M USD Point-in-time
Other assets OtherAssetsNoncurrent $4.96M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $6.31M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $6.26M USD Point-in-time
Goodwill Goodwill $14.95M USD Point-in-time
Goodwill Goodwill $14.95M USD Point-in-time
Total assets Assets $742.98M USD Point-in-time
Total assets Assets $712.17M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.19M USD Point-in-time
Accounts payable AccountsPayableCurrent $4.66M USD Point-in-time
Accrued compensation costs EmployeeRelatedLiabilitiesCurrent $16.33M USD Point-in-time
Accrued compensation costs EmployeeRelatedLiabilitiesCurrent $14.68M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrent $24.00M USD Point-in-time
Other accrued expenses OtherAccruedLiabilitiesCurrent $20.43M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $148.50M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $136.88M USD Point-in-time
Total current liabilities LiabilitiesCurrent $178.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $192.37M USD Point-in-time
Deferred rent, net of current portion DeferredRentCreditNoncurrent $19.65M USD Point-in-time
Deferred rent, net of current portion DeferredRentCreditNoncurrent $18.87M USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $2.28M USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $2.28M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.22M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $3.93M USD Point-in-time
Convertible senior notes ConvertibleLongTermNotesPayable $303.36M USD Point-in-time
Convertible senior notes ConvertibleLongTermNotesPayable $298.45M USD Point-in-time
Total liabilities Liabilities $501.81M USD Point-in-time
Total liabilities Liabilities $521.88M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $38.00K USD Point-in-time
Common stock CommonStockValue $39.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $496.46M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $516.93M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-57.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-138.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-286.08M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-295.74M USD Point-in-time
Total stockholders equity StockholdersEquity $210.36M USD Point-in-time
Total stockholders equity StockholdersEquity $221.10M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $742.98M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $712.17M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Subscription SubscriptionRevenue $77.50M USD 1 Quarter
Subscription SubscriptionRevenue $108.60M USD 1 Quarter
Professional services and other ProfessionalServicesAndOtherRevenue $4.75M USD 1 Quarter
Professional services and other ProfessionalServicesAndOtherRevenue $5.95M USD 1 Quarter
Total revenue Revenues $114.56M USD 1 Quarter
Total revenue Revenues $82.25M USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $11.41M USD 1 Quarter
Subscription CostOfGoodsSoldSubscription $15.23M USD 1 Quarter
Professional services and other CostOfServices $5.66M USD 1 Quarter
Professional services and other CostOfServices $7.14M USD 1 Quarter
Total cost of revenues CostOfRevenue $17.07M USD 1 Quarter
Total cost of revenues CostOfRevenue $22.38M USD 1 Quarter
Gross profit GrossProfit $92.18M USD 1 Quarter
Gross profit GrossProfit $65.18M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $13.37M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $26.35M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $46.67M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $59.91M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $13.14M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $17.24M USD 1 Quarter
Total operating expenses OperatingExpenses $73.18M USD 1 Quarter
Total operating expenses OperatingExpenses $103.50M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-11.32M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-8.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.82M USD 1 Quarter
Interest income InvestmentIncomeInterest $303.00K USD 1 Quarter
Interest expense InterestExpense $5.17M USD 1 Quarter
Interest expense InterestExpense $52.00K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $-128.00K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $-283.00K USD 1 Quarter
Total other (expense) income NonoperatingIncomeExpense $-3.63M USD 1 Quarter
Total other (expense) income NonoperatingIncomeExpense $123.00K USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-14.96M USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-7.88M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $198.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $491.00K USD 1 Quarter
Net loss NetIncomeLoss $-8.07M USD 1 Quarter
Net loss NetIncomeLoss $-15.45M USD 1 Quarter
Net loss per share, basic and diluted EarningsPerShareBasicAndDiluted $-0.22 USD 1 Quarter
Net loss per share, basic and diluted EarningsPerShareBasicAndDiluted $-0.41 USD 1 Quarter
Weighted average common shares used in computing basic and diluted net loss per share: WeightedAverageNumberOfShareOutstandingBasicAndDiluted 36.20M shares 1 Quarter
Weighted average common shares used in computing basic and diluted net loss per share: WeightedAverageNumberOfShareOutstandingBasicAndDiluted 37.83M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-8.07M USD 1 Quarter
Net loss NetIncomeLoss $-15.45M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.11M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $9.30M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $16.05M USD 1 Quarter
Benefit for deferred income taxes DeferredIncomeTaxExpenseBenefit $-27.00K USD 1 Quarter
Amortization of debt discount and issuance costs AmortizationOfFinancingCostsAndDiscounts $4.91M USD 1 Quarter
(Accretion) amortization of bond discount premium AccretionAmortizationOfDebtDiscountPremium $1.16M USD 1 Quarter
(Accretion) amortization of bond discount premium AccretionAmortizationOfDebtDiscountPremium $-77.00K USD 1 Quarter
Noncash rent expense NoncashRentExpense $794.00K USD 1 Quarter
Noncash rent expense NoncashRentExpense $1.67M USD 1 Quarter
Unrealized currency translation ForeignCurrencyTransactionGainLossUnrealized $-36.00K USD 1 Quarter
Unrealized currency translation ForeignCurrencyTransactionGainLossUnrealized $46.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-6.86M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-4.18M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.88M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.06M USD 1 Quarter
Deferred commission expense IncreaseDecreaseInDeferredCompensation $-5.07M USD 1 Quarter
Deferred commission expense IncreaseDecreaseInDeferredCompensation $-464.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $166.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.25M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $922.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $1.67M USD 1 Quarter
Deferred rent IncreaseDecreaseInDeferredCharges $34.00K USD 1 Quarter
Deferred rent IncreaseDecreaseInDeferredCharges $48.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $10.97M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $8.45M USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $26.72M USD 1 Quarter
Net cash and cash equivalents provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $19.09M USD 1 Quarter
Purchases of investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $16.37M USD 1 Quarter
Purchases of investments PaymentsToAcquireAvailableForSaleSecuritiesDebt $210.89M USD 1 Quarter
Maturities of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $15.86M USD 1 Quarter
Maturities of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $256.25M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.83M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.24M USD 1 Quarter
Capitalization of software development costs PaymentsToDevelopSoftware $1.61M USD 1 Quarter
Capitalization of software development costs PaymentsToDevelopSoftware $2.62M USD 1 Quarter
Purchases of strategic investments PaymentForPurchaseOfStrategicInvestments $250.00K USD 1 Quarter
Net cash and cash equivalents provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.95M USD 1 Quarter
Net cash and cash equivalents provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $36.26M USD 1 Quarter
Employee taxes paid related to the net share settlement of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.34M USD 1 Quarter
Employee taxes paid related to the net share settlement of stock-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.15M USD 1 Quarter
Proceeds related to the issuance of common stock under stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.11M USD 1 Quarter
Proceeds related to the issuance of common stock under stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $4.34M USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $212.00K USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $240.00K USD 1 Quarter
Net cash and cash equivalents provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $3.56M USD 1 Quarter
Net cash and cash equivalents provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $2.95M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $454.00K USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $677.00K USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $14.54M USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $67.22M USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $60.19M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.00M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $92.78M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $74.73M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $60.19M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.00M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $92.78M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $74.73M USD Point-in-time
Cash paid for interest InterestPaid $15.00K USD 1 Quarter
Cash paid for interest InterestPaid $192.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $45.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $37.00K USD 1 Quarter
Property and equipment acquired under capital lease CapitalLeaseObligationsIncurred $247.00K USD 1 Quarter
Capital expenditures incurred but not yet paid CapitalExpendituresIncurredButNotYetPaid $1.38M USD 1 Quarter
Capital expenditures incurred but not yet paid CapitalExpendituresIncurredButNotYetPaid $1.52M USD 1 Quarter
Asset retirement obligations SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount $101.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Changes in unrealized loss on investments, income taxes OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $18.00K USD 1 Quarter
Net loss NetIncomeLoss $-8.07M USD 1 Quarter
Changes in unrealized loss on investments, income taxes OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent - USD 1 Quarter
Net loss NetIncomeLoss $-15.45M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $121.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $298.00K USD 1 Quarter
Changes in unrealized loss on investments, net of income taxes of $0 for the three months ended March 31, 2018 and $18 for the three months ended March 31, 2017 OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $35.00K USD 1 Quarter
Changes in unrealized loss on investments, net of income taxes of $0 for the three months ended March 31, 2018 and $18 for the three months ended March 31, 2017 OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-379.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-7.92M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-15.53M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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