Hubspot $HUBS 2Q21 Earnings ๐ช๐ป
- Rev $311m +53% โ๏ธ
- Gross Profit $248m +50% โ๏ธ margin 80% -119bps โ๏ธ
- NG EBIT $28m +41% โ๏ธ margin 8.9% -50bps โ๏ธ
- NG Net Income $22m +29% โ๏ธ margin 7% -125bps โ๏ธ
- OCF $38m +113%๐margin 13% +2883bps โ
- FCF $26m +31X ๐margin 8% +783bps โ
- Rev $311m +53% โ๏ธ
- Gross Profit $248m +50% โ๏ธ margin 80% -119bps โ๏ธ
- NG EBIT $28m +41% โ๏ธ margin 8.9% -50bps โ๏ธ
- NG Net Income $22m +29% โ๏ธ margin 7% -125bps โ๏ธ
- OCF $38m +113%๐margin 13% +2883bps โ
- FCF $26m +31X ๐margin 8% +783bps โ
โก๏ธ โWe finished out the first half of the year with yet another quarter of strong performance across the business.โ
โก๏ธ New CEO, Yamini Rangan to takeover from Co-Founder/CEO Brian Halligan from Sep21.
โก๏ธ Co-Founder/Ex-CEO, Brian Halligan to be Executive Chairman.
โก๏ธ New CEO, Yamini Rangan to takeover from Co-Founder/CEO Brian Halligan from Sep21.
โก๏ธ Co-Founder/Ex-CEO, Brian Halligan to be Executive Chairman.
International โ๏ธโ๏ธ will be growing much faster than Domestic โ๏ธ.
Strong unit economics and improving profitability: $HUBS
โก๏ธ Stable and high gross profit margins
โก๏ธ Improving Non-GAAP EBIT profit margins
โก๏ธ Stable and high gross profit margins
โก๏ธ Improving Non-GAAP EBIT profit margins
โก๏ธ Leading to $HUBS rising Free Cash Flow (TTM FCF) over time. ๐
โก๏ธ Most of $HUBS long-term operating leverage and improving profitability (EBIT profit margins) will likely be coming from S&M (another 1000-1500bps).
Final Thoughts on Hubspot $HUBS:
โก๏ธ Vision to be the #1 CRM platform for scaling companies. Larger and faster growing international opportunity, supported by strong unit economics and improving long-term profitability driving FCF growth.
โก๏ธ Vision to be the #1 CRM platform for scaling companies. Larger and faster growing international opportunity, supported by strong unit economics and improving long-term profitability driving FCF growth.
โข โข โข
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