Hubspot $HUBS 2Q21 Earnings πͺπ»
- Rev $311m +53% βοΈ
- Gross Profit $248m +50% βοΈ margin 80% -119bps βοΈ
- NG EBIT $28m +41% βοΈ margin 8.9% -50bps βοΈ
- NG Net Income $22m +29% βοΈ margin 7% -125bps βοΈ
- OCF $38m +113%πmargin 13% +2883bps β
- FCF $26m +31X πmargin 8% +783bps β
- Rev $311m +53% βοΈ
- Gross Profit $248m +50% βοΈ margin 80% -119bps βοΈ
- NG EBIT $28m +41% βοΈ margin 8.9% -50bps βοΈ
- NG Net Income $22m +29% βοΈ margin 7% -125bps βοΈ
- OCF $38m +113%πmargin 13% +2883bps β
- FCF $26m +31X πmargin 8% +783bps β
β‘οΈ βWe finished out the first half of the year with yet another quarter of strong performance across the business.β
β‘οΈ New CEO, Yamini Rangan to takeover from Co-Founder/CEO Brian Halligan from Sep21.
β‘οΈ Co-Founder/Ex-CEO, Brian Halligan to be Executive Chairman.
β‘οΈ New CEO, Yamini Rangan to takeover from Co-Founder/CEO Brian Halligan from Sep21.
β‘οΈ Co-Founder/Ex-CEO, Brian Halligan to be Executive Chairman.
International βοΈβοΈ will be growing much faster than Domestic βοΈ.
Strong unit economics and improving profitability: $HUBS
β‘οΈ Stable and high gross profit margins
β‘οΈ Improving Non-GAAP EBIT profit margins
β‘οΈ Stable and high gross profit margins
β‘οΈ Improving Non-GAAP EBIT profit margins
β‘οΈ Leading to $HUBS rising Free Cash Flow (TTM FCF) over time. π
β‘οΈ 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:
β‘οΈ 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.
β‘οΈ 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.
β’ β’ β’
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