Hubspot (HUBS) Research & Development (2013 - 2026)

Hubspot's Research & Development history runs 14 years deep, the most recent figure standing at $234.2 million for Q1 2026.

• Quarterly Research & Development rose 6.4% year-over-year to $234.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 82.27% YoY) and the FY2025 annual result came in at $1.4 billion, up 77.14% from the prior year.
• Research & Development was $234.2 million for Q1 2026 at Hubspot, down from $357.5 million in the prior quarter.
• Across five years, Research & Development topped out at $357.5 million in Q4 2025 and bottomed at -$125.3 million in Q4 2024.
• A 5-year average of $201.2 million and a median of $227.7 million in 2025 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2024 — Research & Development slumped 144.57% — and 2025, when it soared 385.35%.
• Hubspot's Research & Development stood at $116.3 million in 2022, then jumped by 141.66% to $281.1 million in 2023, then slumped by 144.57% to -$125.3 million in 2024, then surged by 385.35% to $357.5 million in 2025, then sank by 34.5% to $234.2 million in 2026.
• Business Quant data shows HUBS's Research & Development at $234.2 million in Q1 2026, $357.5 million in Q4 2025, and $227.7 million in Q3 2025.