Salesforce stayed lean.
HubSpot burned to grow.
Over 11 years:
HubSpot: -$800M in op losses
Salesforce: -$120M
Same chart. Different decades. Wildly different expectations.
Watch the breakdown here - https://youtu.be/WnqK4Vd4kFo
#SaaS #OperatingIncome #HubSpot #Salesforce