HubSpot Q1 revenue $714.1M (+16% YoY); GAAP net loss $21.8M; $500M buyback authorized; Halligan steps down as Exec Chair

HUBSPOT INC

2025-Q1 EPS reported -$0.42 revenue$714,137,000

Revenue $714.1M, up 16% YoY; subscription revenue $698.7M; GAAP operating loss ($27.5M) vs ($23.2M) in Q1'24.
Non-GAAP net income $95.9M ($1.78 diluted) vs $89.1M ($1.68 diluted); non-GAAP operating margin 14.0% vs 15.0%.
Customer count 258,258 (+19% YoY); average subscription revenue per customer $11,038 (-4% as-reported).
Board authorized $500M share repurchase program over 12 months; no obligation to repurchase specific number.
Brian Halligan resigned as Executive Chairperson, transitions to non-executive Class I director; Lorrie Norrington becomes Chairperson.

item 5.02 item 2.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brian Halligan

Executive Chairperson

HUBS · HUBSPOT INC

Effective: 2025-05-08
Filed: May 9, 2025, 7:59 PM ET

On May 6, 2025, Brian Halligan resigned as Executive Chairperson of the Company’s Board of Directors (the “Board”), effective as of May 8, 2025, in connection with his transition from the Executive Chairperson role to a non-executive, Class I director of the Board.

Role change

Lorrie Norrington

Chairperson of the Board

HUBS · HUBSPOT INC

Effective: 2025-05-08
Filed: May 9, 2025, 7:59 PM ET

Lorrie Norrington has transitioned from her role as the Company’s longstanding Lead Independent Director to the Chairperson of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Halligan resigned as Executive Chairperson at HUBSPOT INC.

Action: resigned
Role: Executive Chairperson

Exact text from the filing

On May 6, 2025, Brian Halligan resigned as Executive Chairperson of the Company’s Board of Directors (the “Board”), effective as of May 8, 2025, in connection with his transition from the Executive Chairperson role to a non-executive, Class I director of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lorrie Norrington changed role as Chairperson of the Board at HUBSPOT INC.

Action: transitioned
Role: Chairperson of the Board

Exact text from the filing

Lorrie Norrington has transitioned from her role as the Company’s longstanding Lead Independent Director to the Chairperson of the Board.

View on SEC.gov

HUBSPOT INC filing history →

Source: SEC EDGAR

accession 0000950170-25-067551

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