secwatch.observer — SEC 8-K summary
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Issuer:     HUBSPOT INC (HUBS)
CIK:        0001404655
Form:       8-K/A
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0000950170-25-067551
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/0000950170-25-067551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1404655/000095017025067551/hubs-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-067551

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