NYSE$HUBS

HubSpot · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

HubSpot's Q4 2022 financial results were announced, showcasing revenue growth and strategic business adjustments.

HubSpot reported a 27% increase in total revenue for Q4 2022, reaching $469.7 million. Subscription revenue drove the growth, increasing by 28% to $458.2 million. The company's GAAP net loss was $15.6 million, while non-GAAP net income was $56.8 million.

  • Total revenue increased by 27% compared to Q4 2021, reaching $469.7 million.
  • Subscription revenue grew by 28% to $458.2 million.
  • GAAP net loss was ($15.6) million, or ($0.32) per share.
  • Non-GAAP net income was $56.8 million, or $1.11 per diluted share.

Headline financials

Total Revenue

$470M

Previous: $369M+27.2%
EPS (adj)

$1.11

Previous: $0.58+91.4%
Total Customers

167.4K

Previous: 135.4K+23.6%
Average Subscription Revenue Per Customer

$11.2K

Previous: $10.9K+3.3%
Capital Expenditures

$6.04M

Previous: $11.3M-46.7%
Free Cash Flow

$70.9M

Previous: $78.3M-9.5%
Net Income

-$15.6M

Previous: -$16.4M+4.7%
Operating Income

-$13.5M

Previous: -$8.24M-63.9%
Gross Profit

$389M

Previous: $298M+30.8%
Cash & Equivalents

$331M

Previous: $377M-12.2%
Total Assets

$2.54B

Previous: $2.17B+17.0%
Stock-Based Comp

$76.8M

Previous: $45.9M+67.2%

Revenue & EPS history

HubSpot · Revenue · Quarterly

$470M

Q4 2022+27.2%vs Q4 2021
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

HubSpot · $470M total across 2 segments · Q4 2022

  • Subscription
    $458M+27.7%
  • Professional Services and Other
    $11.5M+7.5%

Forward guidance

HubSpot provided guidance for Q1 2023 and full year 2023, including revenue and non-GAAP operating income estimates.

Tailwinds

  • Q1 2023 total revenue is expected to be in the range of $473.0 million to $475.0 million.
  • Full year 2023 total revenue is expected to be in the range of $2.050 billion to $2.060 billion.
  • Q1 2023 Non-GAAP operating income is expected to be in the range of $45.0 million to $47.0 million.
  • Full year 2023 Non-GAAP operating income is expected to be in the range of $248.0 million to $252.0 million.
  • Q1 2023 Non-GAAP net income per common share is expected to be in the range of $0.82 to $0.84.

Headwinds

  • Unfavorable foreign exchange rates are expected to be a 4 point headwind to first quarter 2023 revenue growth.
  • Unfavorable foreign exchange rates are expected to be a one point headwind to full year 2023 revenue growth.
  • The impact of restructuring charges are excluded from non-GAAP operating income and non-GAAP net income per common share business outlook.
  • Q1 2023 assumes approximately 51.5 million weighted average diluted shares outstanding.
  • Full year 2023 assumes approximately 52.2 million weighted average diluted shares outstanding.

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 Q4 2022

Historical avgQ4 2022

+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

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