Hubspot (HUBS) Cost of Revenue (2013 - 2026)

Hubspot's Cost of Revenue history runs 14 years deep, the most recent figure standing at $145.7 million for Q1 2026.

• Quarterly Cost of Revenue rose 26.57% year-over-year to $145.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $539.1 million (up 30.44% YoY) and the FY2025 annual result came in at $508.5 million, up 29.3% from the prior year.
• Cost of Revenue was $145.7 million for Q1 2026 at Hubspot, up from $137.7 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $145.7 million in Q1 2026 and bottomed at $72.9 million in Q1 2022.
• A 5-year average of $99.6 million and a median of $95.1 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue gained 3.33% — and 2025, when it soared 34.43%.
• Hubspot's Cost of Revenue stood at $74.0 million in 2022, then increased by 18.13% to $87.4 million in 2023, then increased by 18.18% to $103.3 million in 2024, then surged by 33.25% to $137.7 million in 2025, then gained by 5.8% to $145.7 million in 2026.
• Business Quant data shows HUBS's Cost of Revenue at $145.7 million in Q1 2026, $137.7 million in Q4 2025, and $133.5 million in Q3 2025.