---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-067551"
form_type: "8-K/A"
ticker: "HUBS"
cik: "0001404655"
company_name: "HUBSPOT INC"
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T01:31:06.104309+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-067551
- form_type: 8-K/A
- ticker: HUBS
- cik: 0001404655
- company_name: HUBSPOT INC
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/0000950170-25-067551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/hubs-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-067551
- JSON: https://secwatch.observer/filing/0000950170-25-067551.json
- Plain text: https://secwatch.observer/filing/0000950170-25-067551.txt

## Key facts
- Executive change
  Brian Halligan resigned as Executive Chairperson at HUBSPOT INC.
  - Action: resigned
  - Role: Executive Chairperson
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/0000950170-25-067551-index.htm
- Executive change
  Lorrie Norrington changed role as Chairperson of the Board at HUBSPOT INC.
  - Action: transitioned
  - Role: Chairperson of the Board
  source text: Lorrie Norrington has transitioned from her role as the Company’s longstanding Lead Independent Director to the Chairperson of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/0000950170-25-067551-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.