Hubspot annual r&d spending
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2025
Hubspot R&D Spending Growth & History (HUBS)
Hubspot's r&d spending was $905.9M for fiscal 2025.
View full Hubspot company overviewHubspot annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $905.9M | $127.2M | +16.34% |
| 2024 | 2024-12-31 | $778.7M | $161.0M | +26.06% |
| 2023 | 2023-12-31 | $617.7M | $175.7M | +39.75% |
| 2022 | 2022-12-31 | $442.0M | $140.1M | +46.38% |
| 2021 | 2021-12-31 | $302.0M | $96.4M | +46.88% |
| 2020 | 2020-12-31 | $205.6M | $47.4M | +29.92% |
| 2019 | 2019-12-31 | $158.2M | $40.6M | +34.55% |
| 2018 | 2018-12-31 | $117.6M | $47.2M | +67.11% |
| 2017 | 2017-12-31 | $70.4M | $24.4M | +52.99% |
| 2016 | 2016-12-31 | $46.0M | $13.5M | +41.72% |
| 2015 | 2015-12-31 | $32.5M | $6.8M | +26.60% |
| 2014 | 2014-12-31 | $25.6M | $10.6M | +70.72% |
| 2013 | 2013-12-31 | $15.0M | $4.4M | +41.88% |
| 2012 | 2012-12-31 | $10.6M | — | — |
Hubspot quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $225.8M | −$11.5M | −4.85% |
| Q1 2026 | 2026-03-31 | $234.2M | $14.1M | +6.40% |
| Q4 2025 | 2025-12-31 | $220.8M | $7.1M | +3.31% |
| Q3 2025 | 2025-09-30 | $227.7M | $36.5M | +19.11% |
| Q2 2025 | 2025-06-30 | $237.3M | $39.2M | +19.76% |
| Q1 2025 | 2025-03-31 | $220.1M | $44.5M | +25.32% |
| Q4 2024 | 2024-12-31 | $213.7M | $50.5M | +30.92% |
| Q3 2024 | 2024-09-30 | $191.2M | $34.3M | +21.87% |
| Q2 2024 | 2024-06-30 | $198.2M | $28.2M | +16.61% |
| Q1 2024 | 2024-03-31 | $175.6M | $48.0M | +37.56% |
| Q4 2023 | 2023-12-31 | $163.2M | $46.9M | +40.32% |
| Q3 2023 | 2023-09-30 | $156.9M | $42.8M | +37.56% |
| Q2 2023 | 2023-06-30 | $170.0M | $51.0M | +42.92% |
| Q1 2023 | 2023-03-31 | $127.7M | $34.9M | +37.68% |
| Q4 2022 | 2022-12-31 | $116.3M | $33.3M | +40.17% |
| Q3 2022 | 2022-09-30 | $114.0M | $35.6M | +45.32% |
| Q2 2022 | 2022-06-30 | $118.9M | $46.8M | +64.92% |
| Q1 2022 | 2022-03-31 | $92.7M | $24.3M | +35.59% |
| Q4 2021 | 2021-12-31 | $83.0M | $27.4M | +49.39% |
| Q3 2021 | 2021-09-30 | $78.5M | $24.0M | +44.10% |
| Q2 2021 | 2021-06-30 | $72.1M | $22.7M | +46.04% |
| Q1 2021 | 2021-03-31 | $68.4M | $22.2M | +48.04% |
| Q4 2020 | 2020-12-31 | $55.6M | $12.8M | +29.94% |
| Q3 2020 | 2020-09-30 | $54.5M | $14.6M | +36.66% |
| Q2 2020 | 2020-06-30 | $49.4M | $8.9M | +22.04% |
| Q1 2020 | 2020-03-31 | $46.2M | $11.0M | +31.34% |
| Q4 2019 | 2019-12-31 | $42.8M | $10.8M | +33.59% |
| Q3 2019 | 2019-09-30 | $39.8M | $9.1M | +29.54% |
| Q2 2019 | 2019-06-30 | $40.5M | $12.0M | +42.03% |
| Q1 2019 | 2019-03-31 | $35.2M | $8.8M | +33.49% |
| Q4 2018 | 2018-12-31 | $32.0M | $9.7M | +43.61% |
| Q3 2018 | 2018-09-30 | $30.8M | $11.9M | +63.38% |
| Q2 2018 | 2018-06-30 | $28.5M | $12.6M | +79.27% |
| Q1 2018 | 2018-03-31 | $26.4M | $13.0M | +97.10% |
| Q4 2017 | 2017-12-31 | $22.3M | $9.5M | +73.91% |
| Q3 2017 | 2017-09-30 | $18.8M | $6.7M | +55.60% |
| Q2 2017 | 2017-06-30 | $15.9M | $4.6M | +40.88% |
| Q1 2017 | 2017-03-31 | $13.4M | $3.6M | +36.37% |
| Q4 2016 | 2016-12-31 | $12.8M | $4.1M | +47.81% |
| Q3 2016 | 2016-09-30 | $12.1M | $4.0M | +48.87% |
| Q2 2016 | 2016-06-30 | $11.3M | $3.1M | +38.24% |
| Q1 2016 | 2016-03-31 | $9.8M | $2.3M | +30.70% |
| Q4 2015 | 2015-12-31 | $8.7M | −$2.5M | −22.17% |
| Q3 2015 | 2015-09-30 | $8.1M | $3.3M | +67.31% |
| Q2 2015 | 2015-06-30 | $8.2M | $3.2M | +64.87% |
| Q1 2015 | 2015-03-31 | $7.5M | $2.8M | +59.83% |
| Q4 2014 | 2014-12-31 | $11.1M | — | — |
| Q3 2014 | 2014-09-30 | $4.9M | $587,000 | +13.74% |
| Q2 2014 | 2014-06-30 | $4.9M | — | — |
| Q1 2014 | 2014-03-31 | $4.7M | — | — |
| Q3 2013 | 2013-09-30 | $4.3M | — | — |
Hubspot r&d spending trends
Over the last five fiscal years, Hubspot's r&d spending increased from $205.6M to $905.9M, a change of $700.4M. The latest reported quarter, Q2 2026, shows $225.8M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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