S1 filing here: http://www.sec.gov/Archives/edgar/data/1404655/000119312514320044/d697256ds1.htm http://www.sec.gov/Archives/edgar/data/1404655/0001193125143..

S1 filing here: http://www.sec.gov/Archives/edgar/data/1404655/000119312514320044/d697256ds1.htm http://www.sec.gov/Archives/edgar/data/1404655/0001193125143... Hubspot has always been a high burn rate business and it looks like it may be catching up to them. According to TechCrunch (http://techcrunch.com/2014/08/25/with-money-tight-hubspot-looks-to-tap-public-markets/ http://techcrunch.com/2014/08/25/with-money-tight-hubspot-lo...): HubSpot’s slim cash load and expanding losses — the firm had a deficit attributable to common shareholders of $16.37 million in the first six months of 2013 — are contravened by its rising revenues: HubSpot had revenue of $51.27 million during the first two quarter period of the year, compared to $35.08 million in the preceding-year calendar period. HubSpot’s days of hyper-growth appear to be mostly behind it. The theory is that they can control their burn rate and become profitably, but I am not so sure. As great as their software is, selling marketing software is a tough business and there is a lot of competition. Their S1 filing seems to indicate that they plan on keeping the burn rate high after the IPO in order to compete.