• HubSpot average return on tangible equity for 2023 was -16.69, a 43.14% decline from 2022.
• HubSpot average return on tangible equity for 2022 was -11.66, a 3.28% increase from 2021.
• HubSpot average return on tangible equity for 2021 was -11.29, a 1.31% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.