HubSpot Q1 revenue $501.6M (+27% YoY); GAAP loss widens, non-GAAP profit up

HUBSPOT INC

2023-Q1 EPS reported -$0.78 revenue$501,620,000

Q1 revenue $501.6M (+27% YoY); subscription rev $489.7M (+27%).
GAAP net loss ($38.3M) or ($0.78)/share; Non-GAAP net income $61.6M or $1.25 basic/$1.20 diluted.
Customers reached 177,298 (+23% YoY); avg sub revenue per customer $11,365 (+3%).
Q2 rev guidance $503-505M, non-GAAP EPS $0.98-$1.00; FY rev $2.080-2.088B, non-GAAP EPS $4.80-$4.85.
Free cash flow $85.2M (Q1 2023) vs $62.6M (Q1 2022); cash & investments $1.6B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

HUBSPOT INC reported the first quarter ended March 31, 2023 results: revenue $501.6 million, net income ($38.3) million, EPS ($0.78) per basic and diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $501.6 million
Net income: ($38.3) million
EPS: ($0.78) per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

management (CRM) platform for scaling companies, today announced financial results for the first quarter ended March 31, 2023. Financial Highlights: Revenue • Total revenue was $501.6 million, up 27% compared to Q1'22. o Subscription revenue was $489.7 million, up 27% compared to Q1'22. o Professional services and other revenue was $11.9 million, up 12% compared to

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Source: SEC EDGAR

accession 0000950170-23-017202

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