HubSpot (HUBS) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.02%. A quarter ago, it was expected that this cloudbased marketing and sales software platform would post earnings of $1.49 per share when it actually produced earnings of $1.68, delivering a surprise of 12.75%. Over th ...

HubSpot, Inc. (NYSE:HUBS) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Ryan Burkart - Senior Director, Investor Relations Yamini Rangan - Chief Executive Officer Kate Bueker - Chief Financial Officer Dharmesh Shah - Co-Founder & Chief Technology Officer Conference Call Participants Samad Samana - Jefferies Mark Murphy - JPMorgan Brad Sills - Bank of America Merrill Lynch Alex Zukin - Wolfe Research Brent Bracelin - Piper Sandler Gabriela Borges - Goldman Sachs Elizabeth Po ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share HUBS New York Stock Exchange FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMIS ...

Revenue Performance - Total revenue for Q2 2024 was $637.2 million, representing a 20% increase compared to Q2 2023[2] - Subscription revenue reached $623.8 million, also up 20% year-over-year[2] - Total revenue for the three months ended June 30, 2024, was $637,230,000, a 20.5% increase from $529,138,000 in the same period of 2023[17] - Subscription revenue reached $623,763,000 for the three months ended June 30, 2024, compared to $517,678,000 for the same period in 2023, reflecting a 20.4% growth[17] - For Q3 2024, total revenue is expected to be between $646.0 million and $647.0 million[7] - Full year 2024 revenue guidance is set between $2.567 billion and $2.573 billion[8] Profitability and Loss - Non-GAAP operating income was $109.3 million, compared to $76.6 million in Q2 2023, reflecting a significant improvement[2] - GAAP net loss narrowed to $14.4 million, or $0.28 per share, compared to a loss of $111.8 million, or $2.25 per share in Q2 2023[3] - The net loss for the three months ended June 30, 2024, was $14,435,000, a significant improvement from a net loss of $111,803,000 in the same period of 2023[17] - Non-GAAP net income for Q2 2024 rose to $103,548 thousand, compared to $71,846 thousand in Q2 2023, with diluted non-GAAP net income per share increasing to $1.94[21] - GAAP operating loss for Q2 2024 was $23,935 thousand, compared to a loss of $116,169 thousand in Q2 2023[20] - Non-GAAP operating income for Q2 2024 increased to $109,315 thousand, up from $76,565 thousand in Q2 2023, resulting in a non-GAAP operating margin of 17.2%[20] Cash Flow and Liquidity - The company generated $117.8 million in cash from operating activities, up from $76.5 million in Q2 2023[4] - Cash and cash equivalents at the end of the period were $801,928,000, compared to $460,371,000 at the end of June 30, 2023, showing strong liquidity[18] - Net cash provided by operating activities for the three months ended June 30, 2024, was $117,828,000, an increase from $76,543,000 in the same period of 2023[18] - Free cash flow for Q2 2024 was $92,068 thousand, an increase from $59,616 thousand in Q2 2023[25] Customer Metrics - Customer count grew to 228,054, marking a 23% increase from the previous year[5] - Average Subscription Revenue Per Customer decreased by 2% to $11,215 in Q2 2024[5] Expenses and Investments - Operating expenses totaled $565,648,000 for the three months ended June 30, 2024, slightly higher than $560,351,000 in the same period of 2023[17] - The company reported a significant increase in research and development expenses, totaling $198,180,000 for the three months ended June 30, 2024, compared to $169,955,000 in the same period of 2023[17] - The company made strategic investments totaling $3,600,000 during the three months ended June 30, 2024[18] - The company experienced a gain on strategic investments of $2,103,000 for the three months ended June 30, 2024, compared to no gains in the same period of 2023[18] Future Projections - GAAP operating income for the three months ended September 30, 2024, is forecasted to be in the range of ($31,149) to ($30,299) thousand[27] - Non-GAAP operating income for the same period is projected to be between $107,000 and $108,000 thousand[27] - GAAP net loss for the three months ended September 30, 2024, is expected to range from ($15,057) to ($13,894) thousand[28] - Non-GAAP net income for the same period is estimated to be between $100,800 and $101,850 thousand[28] - Non-GAAP net income per diluted share is projected to be between $1.89 and $1.91 for the three months ended September 30, 2024[28] Restructuring and Charges - Restructuring charges are anticipated to be between $950 and $1,100 thousand for the three months ended September 30, 2024[28] - The company expects to incur incremental restructuring charges of approximately $13 to $16 million over the remaining lease term due to facility abandonments[37] - The company plans to exclude both incremental restructuring charges and cash payments related to abandoned facilities from non-GAAP earnings metrics[37] Stock-Based Compensation - The company reported a significant increase in stock-based compensation, totaling $128,994 thousand for Q2 2024, compared to $128,003 thousand in Q2 2023[21] - Stock-based compensation for the year ended December 31, 2024, is estimated at $516,149 thousand[28] Tax Rate - The long-term projected tax rate for non-GAAP items is set at 20% to ensure consistency across reporting periods[38]

The software stock just got much cheaper, relative to revenue and cash flow. Hubspot (HUBS -2.19%) shares are below $500 after falling from their 2024 high of $682, achieved in April. The stock is down 16% year to date and 30% from its 2024 high. Big changes to valuation can be important signals for investors to take action. Either the stock is available at a newly discounted price or there's a fundamental issue that's likely to create more problems. The latest financial results were generally positive Hubs ...

Wall Street analysts forecast that HubSpot (HUBS) will report quarterly earnings of $1.63 per share in its upcoming release, pointing to a year-over-year increase of 21.6%. It is anticipated that revenues will amount to $618.81 million, exhibiting an increase of 17% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 23.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

The Bottom Line Paying 38x forward operating profits for HubSpot offers investors a poor risk-reward profile due to several factors. Despite its fair growth rates, HubSpot faces near-term challenges, including increased budget scrutiny among buyers. Even with optimistic projections, the company's valuation remains excessively high. Investors are likely to find that paying such a hefty premium leaves them with too little upside potential and a lot of downside risk. Dec '23 Mar '24 Jun '24 Author's work on HU ...

pagadesign This time we're looking at ideas published July 12th - 18th. α HUBS Hold Amrita Roy The 'Undercovered' Dozen series highlights undercovered stocks on our platform for you to have another source for idea generation. Ticker Rating Analyst RBRK Buy Gary Alexander Oftentimes the phrases "great value" and "recent IPO" are not two terms that can describe the same company, least of all in the stock market of 2024. But that's the conclusion I've come to with Rubrik, Inc. (RBRK), the data cybersecurity co ...

Is the sinking stock a buy after Alphabet reportedly walked away? Rumors emerged a few months ago that tech giant Alphabet was considering an acquisition of inbound marketing software provider HubSpot (HUBS -2.79%). HubSpot sports a massive customer base that skews toward small and medium-sized businesses, a potential gold mine for Alphabet as it looks to expand its cloud computing business. Alphabet now appears to have walked away from the bargaining table. A report from Reuters on Wednesday indicated that ...

Shares of digital-marketing software company HubSpot (HUBS -3.55%) fell 19.1% this week as of 12:30 p.m. EDT Friday, according to data from S&P Global Market Intelligence. Reports: Alphabet backs away However, according to a Bloomberg report on Wednesday of this week, that deal now appears to be off, with Bloomberg saying that the deal didn't even make it to the substantial due-diligence phase. Therefore, HubSpot's weekly decline is likely due to it losing that acquisition premium that may have been built i ...