HubSpot (HUBS) r&d spend was $906M in FY2025 (+16% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$906M
+16%
2024
$779M
+26%
2023
$618M
+40%
2022
$442M
+46%
2021
$302M
+47%
2020
$206M
+30%
2019
$158M
+35%
2018
$118M
+67%
2017
$70M
+53%
2016
$46M
+42%
2015
$32M
+27%
2014
$26M
+71%
2013
$15M
+42%
2012
$11M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$234M
Q4 2025
$221M
Q3 2025
$228M
Q2 2025
$237M
Q1 2025
$220M
Q4 2024
$214M
Q3 2024
$191M
Q2 2024
$198M
Q1 2024
$176M
Q4 2023
$163M
Q3 2023
$157M
Q2 2023
$170M
Source: HUBS on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.