NYSE$HUBS

HubSpot · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

HubSpot's Q3 2021 results were announced, showcasing substantial revenue growth and customer acquisition.

HubSpot reported a strong Q3 2021 with total revenue of $339.2 million, a 49% increase year-over-year. The company grew its customer base to over 128,000 and saw non-GAAP operating income rise to $32.9 million.

  • Total revenue increased by 49% year-over-year, reaching $339.2 million.
  • Subscription revenue grew by 49% to $329.0 million.
  • Total customers increased 34% year-over-year, reaching 128,144.
  • GAAP operating loss was ($14.9) million, while non-GAAP operating income was $32.9 million.

Headline financials

Total Revenue

$339M

Previous: $228M+48.5%
EPS (adj)

$0.50

Previous: $0.28+78.6%
Total Customers

128.1K

Previous: 95.6K+34.0%
Average Subscription Revenue Per Customer

$10.5K

Previous: $9.67K+9.0%
Capital Expenditures

-$17.4M

Previous: -$27.8M+37.3%
Free Cash Flow

-$31.1M

Previous: -$50.3M+38.0%
Net Income

-$13.7M

Previous: -$22.5M+39.0%
Operating Income

-$14.9M

Previous: -$15.5M+3.5%
Gross Profit

$270M

Previous: $186M+45.1%
Cash & Equivalents

$288M

Previous: $125M+130.9%
Total Assets

$2.07B

Previous: $1.88B+10.1%
Stock-Based Comp

$45M

No prior period

Revenue & EPS history

HubSpot · Revenue · Quarterly

$339M

Q3 2021+48.5%vs Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

HubSpot · $339M total across 2 segments · Q3 2021

  • Subscription
    $329M+48.8%
  • Professional Services and Other
    $10.2M+39.5%

Forward guidance

HubSpot provided guidance for Q4 2021 and full year 2021.

Tailwinds

  • Total revenue is expected to be in the range of $356 million to $358 million for Q4 2021.
  • Non-GAAP operating income is expected to be in the range of $34 million to $36 million for Q4 2021.
  • Non-GAAP net income per common share is expected to be in the range of $0.52 to $0.54 for Q4 2021.
  • Total revenue is expected to be in the range of $1,287 million to $1,289 million for the full year 2021.
  • Non-GAAP operating income is expected to be in the range of $113 million to $115 million for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+2.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.9%

Avg return

30 days after

61%

28 / 46 earnings

Positive

+20.0%

Q4 2015

Best reaction

-19.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-19.4%-26.6%-12.9%
Q4 2025+9.4%+18.1%+26.3%
Q3 2025-15.0%-15.0%-18.3%
Q1 2025-8.7%+1.5%-7.7%
Q4 2024+4.4%+2.3%-22.4%
Q3 2024+11.5%+17.7%+28.3%
Q2 2024+5.8%+4.3%+10.3%
Q1 2024-4.6%-2.9%-3.1%
Q4 2023+0.8%+1.6%-0.5%
Q3 2023-5.2%-1.4%+14.6%
Q2 2023-15.0%-14.3%-4.3%
Q1 2023+8.3%+7.3%+26.4%
Q4 2022+10.1%+5.0%+8.2%
Q3 2022-4.0%-10.3%+4.7%
Q2 2022+6.5%+4.1%-9.9%
Q1 2022-9.1%-17.1%-9.7%
Q4 2021+4.2%+6.3%-20.6%
Q3 2021+4.0%+3.6%-5.4%
Q2 2021+13.0%+12.6%+20.6%
Q1 2021-1.5%-2.5%-1.7%
Q4 2020+18.6%+24.6%+13.8%
Q3 2020+16.6%+4.4%+18.8%
Q2 2020+12.7%+12.6%+21.1%
Q1 2020+10.0%+7.1%+23.5%
Q4 2019+8.5%+8.7%-26.1%
Q3 2019-6.0%-8.4%-0.5%
Q2 2019+13.6%+16.5%+19.2%
Q1 2019-3.4%-2.4%-9.2%
Q4 2018+2.5%-0.9%+0.4%
Q3 2018+2.2%-4.3%-4.9%
Q2 2018-1.0%+1.1%+15.8%
Q1 2018-0.5%-4.0%+11.1%
Q4 2017+6.7%+9.4%+20.4%
Q3 2017-0.3%-3.6%-6.2%
Q2 2017-2.1%-3.9%-0.7%
Q1 2017+7.1%+5.3%+10.1%
Q4 2016+2.4%+4.5%+13.9%
Q3 2016-3.2%+5.5%+0.4%
Q2 2016+6.5%+8.5%+7.1%
Q1 2016-4.6%
Q4 2015+20.0%
Q3 2015+2.9%
Q2 2015-4.9%
Q1 2015+16.1%
Q4 2014+6.6%
Q3 2014+0.9%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro