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Side-by-side financial comparison of Axon Enterprise (AXON) and HUBSPOT INC (HUBS). Click either name above to swap in a different company.

HUBSPOT INC is the larger business by last-quarter revenue ($881.0M vs $807.3M, roughly 1.1× Axon Enterprise). Axon Enterprise runs the higher net margin — 21.0% vs 3.7%, a 17.3% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (33.7% vs 23.4%). Over the past eight quarters, Axon Enterprise's revenue compounded faster (26.6% CAGR vs 17.6%).

Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.

HubSpot, Inc. is a US-based developer and marketer of software products for marketing, sales, and customer service. HubSpot was founded by Brian Halligan and Dharmesh Shah in 2006. The global headquarters is in Cambridge, MA.

AXON vs HUBS — Head-to-Head

Bigger by revenue
HUBS
HUBS
1.1× larger
HUBS
$881.0M
$807.3M
AXON
Growing faster (revenue YoY)
AXON
AXON
+10.4% gap
AXON
33.7%
23.4%
HUBS
Higher net margin
AXON
AXON
17.3% more per $
AXON
21.0%
3.7%
HUBS
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
26.6%
17.6%
HUBS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXON
AXON
HUBS
HUBS
Revenue
$807.3M
$881.0M
Net Profit
$169.3M
$32.6M
Gross Margin
59.1%
83.5%
Operating Margin
44.5%
19.7%
Net Margin
21.0%
3.7%
Revenue YoY
33.7%
23.4%
Net Profit YoY
EPS (diluted)
$2.05
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXON
AXON
HUBS
HUBS
Q1 26
$807.3M
$881.0M
Q4 25
$796.7M
$846.7M
Q3 25
$710.6M
$809.5M
Q2 25
$668.5M
$760.9M
Q1 25
$603.6M
$714.1M
Q4 24
$573.4M
$703.2M
Q3 24
$544.3M
$669.7M
Q2 24
$504.1M
$637.2M
Net Profit
AXON
AXON
HUBS
HUBS
Q1 26
$169.3M
$32.6M
Q4 25
$2.7M
$54.4M
Q3 25
$-2.2M
$16.5M
Q2 25
$36.1M
$-3.3M
Q1 25
$88.0M
$-21.8M
Q4 24
$136.0M
$5.0M
Q3 24
$67.0M
$8.1M
Q2 24
$40.8M
$-14.4M
Gross Margin
AXON
AXON
HUBS
HUBS
Q1 26
59.1%
83.5%
Q4 25
57.9%
83.7%
Q3 25
60.1%
83.5%
Q2 25
60.4%
83.9%
Q1 25
60.6%
83.9%
Q4 24
60.5%
85.3%
Q3 24
60.8%
85.2%
Q2 24
60.3%
85.0%
Operating Margin
AXON
AXON
HUBS
HUBS
Q1 26
44.5%
19.7%
Q4 25
-6.3%
5.7%
Q3 25
-0.3%
1.4%
Q2 25
-0.2%
-3.2%
Q1 25
-1.5%
-3.8%
Q4 24
-2.6%
-1.5%
Q3 24
4.4%
-1.4%
Q2 24
6.5%
-3.8%
Net Margin
AXON
AXON
HUBS
HUBS
Q1 26
21.0%
3.7%
Q4 25
0.3%
6.4%
Q3 25
-0.3%
2.0%
Q2 25
5.4%
-0.4%
Q1 25
14.6%
-3.1%
Q4 24
23.7%
0.7%
Q3 24
12.3%
1.2%
Q2 24
8.1%
-2.3%
EPS (diluted)
AXON
AXON
HUBS
HUBS
Q1 26
$2.05
$0.62
Q4 25
$0.02
$1.03
Q3 25
$-0.03
$0.31
Q2 25
$0.44
$-0.06
Q1 25
$1.08
$-0.42
Q4 24
$1.68
$0.09
Q3 24
$0.86
$0.16
Q2 24
$0.53
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXON
AXON
HUBS
HUBS
Cash + ST InvestmentsLiquidity on hand
$718.9M
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
Total Assets
$7.1B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXON
AXON
HUBS
HUBS
Q1 26
$718.9M
$1.7B
Q4 25
$1.7B
$882.2M
Q3 25
$2.4B
$614.4M
Q2 25
$2.1B
$601.2M
Q1 25
$2.2B
$625.0M
Q4 24
$788.1M
$512.7M
Q3 24
$1.0B
$410.1M
Q2 24
$968.9M
$797.9M
Total Debt
AXON
AXON
HUBS
HUBS
Q1 26
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$680.3M
Q3 24
Q2 24
Stockholders' Equity
AXON
AXON
HUBS
HUBS
Q1 26
$3.5B
Q4 25
$3.2B
$2.1B
Q3 25
$3.0B
$1.9B
Q2 25
$2.7B
$2.1B
Q1 25
$2.6B
$2.0B
Q4 24
$2.3B
$1.9B
Q3 24
$2.1B
$1.8B
Q2 24
$1.9B
$1.6B
Total Assets
AXON
AXON
HUBS
HUBS
Q1 26
$7.1B
$3.8B
Q4 25
$7.0B
$3.9B
Q3 25
$6.7B
$3.5B
Q2 25
$6.2B
$3.7B
Q1 25
$6.1B
$3.9B
Q4 24
$4.5B
$3.8B
Q3 24
$4.0B
$3.6B
Q2 24
$3.7B
$3.4B
Debt / Equity
AXON
AXON
HUBS
HUBS
Q1 26
Q4 25
0.56×
Q3 25
0.66×
Q2 25
0.73×
Q1 25
0.79×
Q4 24
0.29×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXON
AXON

Segment breakdown not available.

HUBS
HUBS

Subscription$862.3M98%
Other$18.7M2%

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