Quick Answer
HUBSPOT INC reported R&D Expense of $905.94 million for fiscal year 2025.
HUBSPOT INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $905.94M | +16.3% |
| 2024 | $778.71M | +26.1% |
| 2023 | $617.75M | +39.8% |
| 2022 | $442.02M | +46.4% |
| 2021 | $301.97M | +46.9% |
| 2020 | $205.59M | +29.9% |
| 2019 | $158.24M | +34.6% |
| 2018 | $117.60M | +67.1% |
| 2017 | $70.37M | +53.0% |
| 2016 | $46.00M | +41.7% |
| 2015 | $32.46M | +26.6% |
| 2014 | $25.64M | +70.7% |
| 2013 | $15.02M | +41.9% |
| 2012 | $10.59M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $227.71M | +19.1% | -4.1% |
| June 30, 2025 | $237.34M | +19.8% | +7.8% |
| March 31, 2025 | $220.10M | +25.3% | +15.1% |
| September 30, 2024 | $191.19M | +21.9% | -3.5% |
| June 30, 2024 | $198.18M | +16.6% | +12.8% |
| March 31, 2024 | $175.64M | +37.6% | +12.0% |
| September 30, 2023 | $156.87M | +37.6% | -7.7% |
| June 30, 2023 | $169.96M | +42.9% | +33.1% |
- HUBSPOT INC showed an increase of +16.3% in R&D Expense compared to the prior fiscal year.
- Over the 2012–2025 period, HUBSPOT INC’s r&d expense has grown by 8458.7% (from $10.59 million to $905.94 million).
- The most recent figure is from HUBSPOT INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 11, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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