Hubspot (HUBS) Research & Development (2013 - 2026)
Hubspot posted quarterly Research & Development of $234.2 million for Q1 2026, up 6.4% year-on-year from $220.1 million in Q1 2025, and up 6.07% on a QoQ basis from $220.8 million in Q4 2025.
Hubspot (HUBS) has 14 years of Research & Development data on file, last reported at $234.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 6.4% year-over-year to $234.2 million; the trailing twelve-month figure through Mar 2026 stood at $920.0 million (up 11.77% YoY), and the FY2025 full-year result was $905.9 million, up 16.34% from the prior year.
- Research & Development for Q1 2026 stood at $234.2 million, up from $220.8 million in the prior quarter.
- Across five years, Research & Development topped out at $237.3 million in Q2 2025 and bottomed at $92.7 million in Q1 2022.
- The 5-year median for Research & Development is $175.6 million (2024), against an average of $175.2 million.
- The widest annual swing landed in 2022, when Research & Development surged 64.92%; it then gained 3.31% in 2025.
- A 5-year view of Research & Development shows it stood at $116.3 million in 2022, then jumped by 40.31% to $163.2 million in 2023, then jumped by 30.92% to $213.7 million in 2024, then increased by 3.31% to $220.8 million in 2025, then gained by 6.07% to $234.2 million in 2026.
- The last three Research & Development figures came in at $234.2 million (Q1 2026), $220.8 million (Q4 2025), and $227.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Hubspot | 10.60 Bn | 9.47 Bn | 735.30 Mn | 234.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 234.19 Mn |
| Dec 31, 2025 | 220.79 Mn |
| Sep 30, 2025 | 227.71 Mn |
| Jun 30, 2025 | 237.34 Mn |
| Mar 31, 2025 | 220.10 Mn |
| Dec 31, 2024 | 213.71 Mn |
| Sep 30, 2024 | 191.19 Mn |
| Jun 30, 2024 | 198.18 Mn |
| Mar 31, 2024 | 175.64 Mn |
| Dec 31, 2023 | 163.23 Mn |
| Sep 30, 2023 | 156.87 Mn |
| Jun 30, 2023 | 169.96 Mn |
| Mar 31, 2023 | 127.68 Mn |
| Dec 31, 2022 | 116.34 Mn |
| Sep 30, 2022 | 114.04 Mn |
| Jun 30, 2022 | 118.91 Mn |
| Mar 31, 2022 | 92.74 Mn |
| Dec 31, 2021 | 83.00 Mn |
| Sep 30, 2021 | 78.47 Mn |
| Jun 30, 2021 | 72.10 Mn |
| Mar 31, 2021 | 68.40 Mn |
| Dec 31, 2020 | 55.56 Mn |
| Sep 30, 2020 | 54.46 Mn |
| Jun 30, 2020 | 49.37 Mn |
| Mar 31, 2020 | 46.20 Mn |
| Dec 31, 2019 | 42.76 Mn |
| Sep 30, 2019 | 39.85 Mn |
| Jun 30, 2019 | 40.46 Mn |
| Mar 31, 2019 | 35.18 Mn |
| Dec 31, 2018 | 32.01 Mn |
| Sep 30, 2018 | 30.76 Mn |
| Jun 30, 2018 | 28.49 Mn |
| Mar 31, 2018 | 26.35 Mn |
| Dec 31, 2017 | 22.29 Mn |
| Sep 30, 2017 | 18.83 Mn |
| Jun 30, 2017 | 15.89 Mn |
| Mar 31, 2017 | 13.37 Mn |
| Dec 31, 2016 | 12.82 Mn |
| Sep 30, 2016 | 12.10 Mn |
| Jun 30, 2016 | 11.28 Mn |
| Mar 31, 2016 | 9.80 Mn |
| Dec 31, 2015 | 8.67 Mn |
| Sep 30, 2015 | 8.13 Mn |
| Jun 30, 2015 | 8.16 Mn |
| Mar 31, 2015 | 7.50 Mn |
| Dec 31, 2014 | 11.14 Mn |
| Sep 30, 2014 | 4.86 Mn |
| Jun 30, 2014 | 4.95 Mn |
| Mar 31, 2014 | 4.69 Mn |
| Dec 31, 2013 | 4.06 Mn |
| Sep 30, 2013 | 4.27 Mn |