KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetShares Issued
Ratios

Hubspot (HUBS) Cost of Revenue (2016 - 2025)

Hubspot's Cost of Revenue history spans 13 years, with the latest figure at -$513.4 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 0.51% year-over-year to -$513.4 million; the TTM value through Dec 2025 reached $79.2 million, down 59.39%, while the annual FY2025 figure was $508.5 million, 29.3% up from the prior year.
  • Cost of Revenue reached -$513.4 million in Q4 2025 per HUBS's latest filing, down from $355.3 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $817.6 million in Q4 2023 to a low of -$513.4 million in Q4 2025.
  • Average Cost of Revenue over 5 years is $91.0 million, with a median of $83.0 million recorded in 2023.
  • Peak YoY movement for Cost of Revenue: crashed 578.67% in 2022, then surged 338.44% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $71.6 million in 2021, then plummeted by 578.67% to -$342.9 million in 2022, then surged by 338.44% to $817.6 million in 2023, then tumbled by 162.47% to -$510.7 million in 2024, then decreased by 0.51% to -$513.4 million in 2025.
  • Per Business Quant, the three most recent readings for HUBS's Cost of Revenue are -$513.4 million (Q4 2025), $355.3 million (Q3 2025), and $122.2 million (Q2 2025).