HUBS
Market read
The latest filing evidence is available. 5 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 12 of 35 members or fewer.
Research brief
The latest filing evidence is available. 5 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Six month change Interest expense decreased primarily due to the settlement of our 2025 Convertible Notes in June 2025, which carried higher interest costs compared to fees associated with our Revolving Credit Facility in the current period.”10-Q · Aug 5, 2026 ↗
“The growth in Customers was primarily driven by increased demand for our lower-priced Starter products.”10-Q · Aug 5, 2026 ↗
“We capitalize certain software development costs that are attributable to developing new products and adding incremental functionality to our customer platform and amortize such costs as cost of subscription and cost of professional services and other revenue…”10-Q · Aug 5, 2026 ↗
“Other expense, net Three Months Ended March 31, (dollars in thousands) 2026 2025 $ Change % Change Other expense, net $ (1,288 ) $ (2,309 ) $ 1,021 (44 )% Percentage of total revenue * * * not meaningful The change in other income (expense) during the three m…”10-Q · May 7, 2026 ↗
Valuation discipline
Price/sales 3.8× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for HUBS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
Capital and cash conversion
Capital-spending intensity declined while free-cash-flow margin improved.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Interest expense Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2026 2025 $ Change % Change 2026 2025 $ Change % Change Interest expense $ (395 ) $ (227 ) $ (168 ) 74 % $ (641 ) $ (872 ) $ 231 (26 )% Percentage of total revenue * * * * * not meaningful Three month change Interest expense increased primarily due to fees incurred on our Revolving Credit Facility in the current period that we did not incur in the prior year period.”
“Research and Development Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2026 2025 $ Change % Change 2026 2025 $ Change % Change Research and development $ 225,823 $ 237,340 $ (11,517 ) (5 )% $ 460,017 $ 457,438 $ 2,579 1 % Percentage of total revenue 25 % 31 % 26 % 31 % The changes in research and development expense for the three and six months ended June 30, 2026 compared to the same periods in 2025 were primarily due to the following: Change Three Months Six Months (in thousands) Software and services $ 8,029 $ 13,933 Allocated overhead expenses 253 2,662 Employee-related costs (19,799 ) (14,016 ) $ (11,517 ) $ 2,579 Three month change Software and services...”
“Other (expense) income, net Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2026 2025 $ Change % Change 2026 2025 $ Change % Change Other (expense) income, net $ (2,769 ) $ 1,094 $ (3,863 ) 353 % $ (4,057 ) $ (1,214 ) $ (2,843 ) 234 % Percentage of total revenue * * * * * not meaningful 33 The change in other (expense) income during the three and six months ended June 30, 2026 is primarily due to the following: Change Three Months Six Months (in thousands) Impairment of strategic investments $ (2,371 ) $ (1,414 ) Gain on strategic investments (1,663 ) (1,300 ) Foreign currency gains and losses 171 (129 ) $ (3,863 ) $ (2,843 ) Three month change The increase in t...”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“We currently serve the majority of our platform functions from third-party data center hosting facilities operated by Amazon Web Services (“AWS”) in the United States and Europe.”
Depended on by
“RingCX is our native next-generation CCaaS solution, delivering an AI-powered customer engagement solution with deep CRM integrations and a broad ecosystem of integrated partner solutions, including the following capabilities: ◦ Omnichannel support across voi…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
HUBS is currently a Participant in the organic co-movement group Software Stocks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.