HubSpot (HUBS) reported Q1 non-GAAP net income late Thursday of $1.78 per diluted share, up from $1.68 a year earlier.

Analysts polled by FactSet expected $1.77.

Revenue for the quarter ended March 31 was $714.1 million, compared with $617.4 million a year earlier. One analyst polled by FactSet expected $700.3 million.

For Q2, the company is projecting a non-GAAP net income per share of $2.10 to $2.12 on revenue of $738.0 million to $740.0 million. Analysts are looking for EPS of $2.12 on revenue of $731.5 million.

The company raised its full-year 2025 guidance for non-GAAP net income to $9.29 to $9.37 per share from the previous guidance of $9.11 to $9.19, and revenue outlook to $3.036 billion to $3.044 billion from the prior outlook of $2.985 billion to $2.995 billion. Analysts are expecting $9.29 and $3.01 billion, respectively.

Further, the company said its board on Tuesday authorized a share repurchase program for up to $500.0 million over a period of up to 12 months.

Shares were down more than 4% in Thursday after-hours activity.