Breaking Down SG&A Expenses: Arista Networks, Inc. vs HubSpot, Inc.

A Comparative Analysis of SG&A Expenses: Arista Networks vs. HubSpot

In the ever-evolving tech industry, understanding the financial strategies of leading companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Arista Networks, Inc. and HubSpot, Inc. from 2014 to 2023. Over this period, HubSpot's SG&A expenses surged by over 1,200%, reflecting its aggressive growth and expansion strategies. In contrast, Arista Networks saw a more modest increase of approximately 340%, indicating a more conservative approach.

Key Insights

• 2014-2018: Both companies maintained a steady increase in SG&A expenses, with HubSpot consistently outpacing Arista Networks.
• 2019-2023: HubSpot's expenses skyrocketed, reaching over $1.3 billion by 2023, while Arista Networks' expenses grew to just over $500 million.

This financial trajectory highlights the contrasting business models and growth strategies of these two tech giants.