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

Hubspot (HUBS) has 14 years of Cost of Revenue data on file, last reported at $145.7 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 26.57% year-over-year to $145.7 million; the trailing twelve-month figure through Mar 2026 stood at $539.1 million (up 21491.83% YoY), and the FY2025 full-year result was $508.5 million, up 29.3% from the prior year.
• Cost of Revenue for Q1 2026 stood at $145.7 million, up from $137.7 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $817.6 million in Q4 2023 and bottomed at -$510.7 million in Q4 2024.
• The 5-year median for Cost of Revenue is $115.1 million (2025), against an average of $112.2 million.
• The widest annual swing landed in 2022, when Cost of Revenue sank 174.15%; it then jumped 338.44% in 2023.
• A 5-year view of Cost of Revenue shows it stood at -$342.9 million in 2022, then jumped by 338.44% to $817.6 million in 2023, then slumped by 162.47% to -$510.7 million in 2024, then soared by 126.96% to $137.7 million in 2025, then rose by 5.8% to $145.7 million in 2026.
• The last three Cost of Revenue figures came in at $145.7 million (Q1 2026), $137.7 million (Q4 2025), and $133.5 million (Q3 2025), per Business Quant data.

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