Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In Q3 2025, HubSpot reported an 18.4% year-over-year revenue growth in constant currency, totaling $810 million.</li><li>The operating margin stood at 20%, indicative of balanced growth and profitability.</li><li>The company added 10,900 new customers, raising its global customer count to nearly 279,000.</li></ul>

In Q3 2025, HubSpot reported an 18.4% year-over-year revenue growth in constant currency, totaling $810 million.The operating margin stood at 20%, indicative of balanced growth and profitability.The company added 10,900 new customers, raising its global customer count to nearly 279,000.

HubSpot: Can Its Low-TCO Strategy Trigger a Massive Shift Away From Point Solutions?

<ul><li>HubSpot's Q2 2025 results delivered notable performance indicators, with various positive and challenging elements shaping the company's current trajectory and future prospects.</li><li>The output presents a balanced investment perspective rooted in these nuanced details.</li><li>Positively, HubSpot reports an 18% year-over-year increase in revenue when adjusted for constant currency fluctuations, an uptick from the prior quarter.</li></ul>

HubSpot's Q2 2025 results delivered notable performance indicators, with various positive and challenging elements shaping the company's current trajectory and future prospects.The output presents a balanced investment perspective rooted in these nuanced details.Positively, HubSpot reports an 18% year-over-year increase in revenue when adjusted for constant currency fluctuations, an uptick from the prior quarter.

HubSpot Inc.: Diversification of Lead Generation Channels to Sustain Growth & Client Acquisition Momentum Across Varying Digital Environments!

<ul><li>HubSpot reported strong financial results for the first quarter of 2025, reflecting continued growth and strategic momentum.</li><li>Revenue increased by 18% year-over-year in constant currency, driven by several key trends.</li><li>The company added over 10,000 net new customers, bringing its total customer base to 258,000, with customer growth driven by platform consolidation, upmarket expansion, and robust downmarket acquisition.</li></ul>

HubSpot reported strong financial results for the first quarter of 2025, reflecting continued growth and strategic momentum.Revenue increased by 18% year-over-year in constant currency, driven by several key trends.The company added over 10,000 net new customers, bringing its total customer base to 258,000, with customer growth driven by platform consolidation, upmarket expansion, and robust downmarket acquisition.

HubSpot Inc.: How Is The Management Executing Mid-Market Expansion to Make Its Business More Resilient To Economic Fluctuations?

<ul><li>HubSpot reported a solid financial performance in 2024, achieving 21% year-over-year revenue growth both in constant currency and as reported.</li><li>This growth signifies strong brand trust and platform efficiency, as evidenced by the customer base extending to approximately 248,000, marking an annual increase of 21%.</li><li>The company has balanced scaling with profitability, yielding a 17.5% operating margin for the year, a rise of 200 basis points from the previous year.</li></ul>

HubSpot reported a solid financial performance in 2024, achieving 21% year-over-year revenue growth both in constant currency and as reported.This growth signifies strong brand trust and platform efficiency, as evidenced by the customer base extending to approximately 248,000, marking an annual increase of 21%.The company has balanced scaling with profitability, yielding a 17.5% operating margin for the year, a rise of 200 basis points from the previous year.

HubSpot: These Big Bets Could Define Its Future in CRM and AI!

<ul><li>In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when evaluating the company's investment potential.</li><li>On the positive side, HubSpot achieved a 20% year-over-year revenue growth in constant currency, demonstrating robust financial performance.</li><li>The company's operating margin grew by over 200 basis points, reaching 19%, showcasing a strong emphasis on operational efficiency.</li></ul>

In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when evaluating the company's investment potential.On the positive side, HubSpot achieved a 20% year-over-year revenue growth in constant currency, demonstrating robust financial performance.The company's operating margin grew by over 200 basis points, reaching 19%, showcasing a strong emphasis on operational efficiency.

HubSpot Inc.: An Insight Into Its Seat-Based Pricing Model Transition & Other Major Drivers

United States

HubSpot, Inc. provides a cloud-based marketing and sales software platform. The Company offers integrated applications that helps in lead generation and social marketing.

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Hubspot Inc (HUBS US)

HubSpot: Can Its Low-TCO Strategy Trigger a Massive Shift Away From Point Solutions?

In Q3 2025, HubSpot reported an 18.4% year-over-year revenue growth in constant currency, totaling $810 million. The operating margin stood at...

Baptista Research

HubSpot Inc.: Diversification of Lead Generation Channels to Sustain Growth & Client Acquisition Momentum Across Varying Digital Environments!

HubSpot's Q2 2025 results delivered notable performance indicators, with various positive and challenging elements shaping the company's current...

Baptista Research

HubSpot Inc.: How Is The Management Executing Mid-Market Expansion to Make Its Business More Resilient To Economic Fluctuations?

HubSpot reported strong financial results for the first quarter of 2025, reflecting continued growth and strategic momentum. Revenue increased by...

Baptista Research

HubSpot: These Big Bets Could Define Its Future in CRM and AI!

HubSpot reported a solid financial performance in 2024, achieving 21% year-over-year revenue growth both in constant currency and as...

Baptista Research

HubSpot Inc.: An Insight Into Its Seat-Based Pricing Model Transition & Other Major Drivers

In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when...

Baptista Research

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