HubSpot announced its Q4 2014 earnings today, reporting total revenue of $115.9 million for the year, representing a 49 percent increase compared to 2013.
The company showed growth in all areas since its IPO in October, with total revenue for the fourth quarter of 2014 reaching $34.2 million, a 53 percent increase over 4Q 2013.
HubSpot’s services revenue for the year was up 40 percent over 2013, and subscription revenue up 50 percent at $106.3 million. The company says its client base grew to include more than 13,500 customers by December 31, 2014, a 35 percent hike over the number of customers it won in 2013.
We are still in the early innings of meeting the significant demand for marketing and sales technology that helps mid-market companies grow.
While the company has experienced tremendous growth, HubSpot has yet to turn a profit. Its GAAP operating loss for the year totaled $48.6 million, and Non-GAAP operating loss was $32.1 million.
“It is clear that we are still in the early innings of meeting the significant demand for marketing and sales technology that helps mid-market companies grow,” says HubSpot Chairman and CEO Brian Halligan. Nonetheless, Halligan said his company had a terrific quarter, and added a record number of new customers while achieving strong financial results.
2014 Consolidated Statements of Operations
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