R&D expense · 2012–2025

Hubspot R&D expense

$906M+16.3% · FY2025

Hubspot (HUBS) reported $906M in R&D expense for fiscal 2025, +16.3% year on year.

$10.6M2012$15.0M2013$25.6M2014$32.5M2015$46.0M2016$70.4M2017$118M2018$158M2019$206M2020$302M2021$442M2022$618M2023$779M2024$906M2025
Hubspot — R&D expense, 2012–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$906M+16.3%Open →
FY20242024-12-31$779M+26.1%Open →
FY20232023-12-31$618M+39.8%Open →
FY20222022-12-31$442M+46.4%Open →
FY20212021-12-31$302M+46.9%Open →
FY20202020-12-31$206M+29.9%Open →
FY20192019-12-31$158M+34.6%Open →
FY20182018-12-31$118M+67.1%Open →
FY20172017-12-31$70.4M+53.0%Open →
FY20162016-12-31$46.0M+41.7%Open →
FY20152015-12-31$32.5M+26.6%Open →
FY20142014-12-31$25.6M+70.7%Open →
FY20132013-12-31$15.0M+41.9%Open →
FY20122012-12-31$10.6M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2012–2025 compound annual growth +40.8%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Hubspot R&D expense |url=https://companiesranked.com/en/company/hubspot/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Hubspot R&D expense. CompaniesRanked. https://companiesranked.com/en/company/hubspot/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-hubspot-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Hubspot R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/hubspot/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001193125-26-046646 · February 11, 2026

{{cite web |title=Hubspot R&D expense — 10-K (0001193125-26-046646) |url=https://www.sec.gov/Archives/edgar/data/1404655/000119312526046646/hubs-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-11}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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