Income Statement Shutterstock, Inc.

Stocks

SSTK

US8256901005

Internet Services

Real-time Estimate Cboe BZX 15:42:49 2026-10-01 EDT			5-day change	1st Jan Change
4.035 ^USD	-4.38%		-2.68%	-78.91%

09-08	Shutterstock, Inc. Announces Board Changes, Effective from September 8, 2026	CI
09-01	Getty Images Touches 52-Week Low After Interest-Payment Delay	DJ

fc07980c10077ecf15.kXJv9WeaympZCMZ76eaM1eYE8zRFZGWQtLDqhwd6OSY.9EYpt1LbmhAPXZVJvb70sKg9wwAjBiP35PmItTBPakzGQS66HdasPCBNlw

Published financial data: SHUTTERSTOCK, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	773M	828M	875M	935M	990M
Total Revenues	773M	828M	875M	935M	990M
Cost of Goods Sold, Total	278M	314M	348M	396M	407M
Gross Profit	496M	514M	526M	539M	583M
Selling General & Admin Expenses, Total	333M	331M	348M	373M	384M
R&D Expenses	52.01M	65.43M	75.26M	88.42M	89.03M
Other Operating Expenses, Total	385M	397M	423M	462M	473M
Operating Income	111M	117M	103M	77.21M	110M
Interest Expense, Total	-	-1.34M	-1.86M	-10.56M	-16.83M
Interest And Investment Income	137K	-	4.8M	6.23M	3.65M
Net Interest Expenses	137K	-1.34M	2.94M	-4.33M	-13.17M
Currency Exchange Gains (Loss)	-3.3M	-1.34M	879K	-1.83M	-2.46M
Other Non Operating Income (Expenses)	-204K	87K	-16K	-	-
EBT, Excl. Unusual Items	107M	114M	107M	71.05M	94.33M
Merger & Related Restructuring Charges	-	-4.3M	-3M	-8.5M	-34.91M
Gain (Loss) On Sale Of Investments	-	-	-	-	15.91M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-18.66M	-	-	-
Other Unusual Items	-2.7M	-	18.66M	-	-
EBT, Incl. Unusual Items	105M	91.04M	122M	62.55M	75.33M
Income Tax Expense	12.85M	14.93M	12.2M	26.62M	29.84M
Earnings From Continuing Operations	91.88M	76.1M	110M	35.93M	45.5M
Net Income to Company	91.88M	76.1M	110M	35.93M	45.5M
Net Income - (IS)	91.88M	76.1M	110M	35.93M	45.5M
Net Income to Common Incl Extra Items	91.88M	76.1M	110M	35.93M	45.5M
Net Income to Common Excl. Extra Items	91.88M	76.1M	110M	35.93M	45.5M
Per Share Items
Net EPS - Basic	2.52	2.11	3.07	1.02	1.29
Basic EPS - Continuing Operations	2.52	2.11	3.07	1.02	1.29
Basic Weighted Average Shares Outstanding	36.51M	36.04M	35.88M	35.33M	35.29M
Net EPS - Diluted	2.46	2.08	3.04	1.01	1.25
Diluted EPS - Continuing Operations	2.46	2.08	3.04	1.01	1.25
Diluted Weighted Average Shares Outstanding	37.32M	36.55M	36.24M	35.66M	36.27M
Normalized Basic EPS	1.84	1.98	1.86	1.26	1.67
Normalized Diluted EPS	1.8	1.95	1.84	1.25	1.63
Dividend Per Share	0.84	0.96	1.08	1.2	1.32
Payout Ratio	33.36	45.45	35.07	117.95	102.27
Supplemental Items
EBITDA	133M	155M	148M	126M	160M
EBITA	128M	151M	145M	123M	157M
EBIT	111M	117M	103M	77.21M	110M
EBITDAR	143M	166M	154M	134M	167M
Effective Tax Rate - (Ratio)	12.27	16.4	9.96	42.55	39.61
Current Domestic Taxes	10.53M	20.25M	29.41M	23.82M	6.46M
Current Foreign Taxes	4.1M	5.27M	8.97M	13.76M	15.8M
Total Current Taxes	14.62M	25.52M	38.37M	37.58M	22.27M
Deferred Domestic Taxes	-1.85M	-10.39M	-25.93M	-31.41M	12.06M
Deferred Foreign Taxes	81K	-194K	-248K	20.44M	-4.84M
Total Deferred Taxes	-1.77M	-10.59M	-26.18M	-10.96M	7.22M
Normalized Net Income	67.15M	71.25M	66.75M	44.4M	58.96M
Supplemental Operating Expense Items
Advertising Expense	113M	97.2M	93.1M	91.8M	87M
Selling and Marketing Expenses	203M	203M	214M	223M	221M
General and Administrative Expenses	130M	128M	134M	151M	163M
Research And Development Expense From Footnotes	78.91M	95.03M	131M	128M	130M
Net Rental Expense, Total	10.2M	10.7M	6.4M	8M	7.7M
Imputed Operating Lease Interest Expense	-	1.64M	1.17M	3.56M	3.39M
Imputed Operating Lease Depreciation	-	9.06M	5.23M	4.44M	4.31M
Stock-Based Comp., COGS (Total)	363K	567K	815K	1.47M	2.01M
Stock-Based Comp., R&D Exp. (Total)	6.72M	10.38M	13.2M	11.92M	13.03M
Stock-Based Comp., S&M Exp. (Total)	2.89M	5.49M	7.36M	11.03M	9.2M
Stock-Based Comp., G&A Exp. (Total)	26.21M	19.31M	27.2M	31.9M	36.83M
Total Stock-Based Compensation	36.18M	35.74M	48.58M	56.33M	61.08M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	314M	115M	100M	111M	178M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	314M	115M	100M	111M	178M
Accounts Receivable, Total	47.71M	67.25M	91.14M	95.22M	113M
Total Receivables	47.71M	67.25M	91.14M	95.22M	113M
Prepaid Expenses	25.09M	32.67M	100M	49.18M	47.47M
Other Current Assets, Total	1.4M	600K	600K	300K	300K
Total Current Assets	388M	216M	293M	256M	339M
Gross Property Plant And Equipment	286M	308M	354M	396M	436M
Accumulated Depreciation	-203M	-235M	-274M	-316M	-363M
Net Property Plant And Equipment	82.64M	72.14M	79.7M	80.36M	72.32M
Long-term Investments	20M	20M	20M	24M	30.5M
Goodwill	220M	382M	383M	570M	575M
Other Intangibles, Total	124M	173M	184M	248M	216M
Accounts Receivable Long-Term	-	-	-	28.9M	19.3M
Deferred Tax Assets Long-Term	10.51M	16.53M	24.87M	70.98M	61.29M
Other Long-Term Assets, Total	6.7M	1.83M	51.15M	30.82M	43.6M
Total Assets	852M	881M	1.04B	1.31B	1.36B
Liabilities
Accounts Payable, Total	10.09M	7.18M	9.11M	9.22M	13.9M
Accrued Expenses, Total	129M	128M	186M	208M	224M
Short-term Borrowings	-	50M	30M	155M	155M
Current Portion of Long-Term Debt	-	-	-	3.11M	3.11M
Current Portion of Leases	8.36M	8.91M	9.08M	9.72M	8.34M
Unearned Revenue Current, Total	181M	187M	203M	225M	213M
Other Current Liabilities	5.82M	2.54M	14.44M	15.03M	10.96M
Total Current Liabilities	334M	384M	452M	625M	628M
Long-Term Debt	-	-	-	120M	117M
Long-Term Leases	36.97M	35.61M	29.4M	23.36M	17.25M
Deferred Tax Liability Non Current	2.78M	4.46M	4.18M	2.17M	1.13M
Other Non Current Liabilities	9.7M	9.89M	22.95M	20.38M	11.48M
Total Liabilities	383M	434M	509M	791M	775M
Common Stock, Total	392K	396K	399K	403K	410K
Additional Paid In Capital	377M	391M	424M	468M	520M
Retained Earnings	230M	271M	343M	336M	335M
Treasury Stock	-127M	-200M	-228M	-270M	-270M
Comprehensive Income and Other	-10.79M	-15.44M	-11.97M	-16.84M	-4.75M
Total Common Equity	468M	447M	527M	518M	581M
Total Equity	468M	447M	527M	518M	581M
Total Liabilities And Equity	852M	881M	1.04B	1.31B	1.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.36M	35.84M	35.54M	34.89M	35.55M
ECS Total Common Shares Outstanding	36.42M	35.83M	35.57M	34.87M	35.53M
Book Value / Share	12.86	12.49	14.82	14.86	16.35
Tangible Book Value	125M	-108M	-40.63M	-300M	-209M
Tangible Book Value Per Share	3.43	-3	-1.14	-8.6	-5.89
Total Debt	45.33M	94.52M	68.48M	311M	300M
Net Debt	-269M	-20.63M	-32.01M	200M	122M
Debt Equivalent Oper. Leases	81.6M	85.6M	51.2M	64M	61.6M
Account Code - Inventory Valuation	-	3	3	3	3
Machinery, Total	232M	271M	319M	362M	405M
Full Time Employees	1.15K	1.33K	1.27K	1.72K	1.56K
Accumulated Allowance for Doubtful Accounts (Supple)	1.91M	5.83M	6.34M	3.1M	3.43M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	91.88M	76.1M	110M	35.93M	45.5M
Depreciation & Amortization - CF	4.77M	4.37M	2.83M	2.73M	2.19M
Amortization of Goodwill and Intangible Assets - (CF)	17.1M	34.5M	42M	45.6M	47.5M
Depreciation & Amortization, Total	21.87M	38.87M	44.83M	48.33M	49.69M
Amortization of Deferred Charges, Total - (CF)	26.9M	29.6M	34.9M	39.3M	41.2M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-2.16M	-15.91M
Asset Writedown & Restructuring Costs	-	18.66M	-	-	-
Stock-Based Compensation (CF)	36.18M	35.74M	48.58M	56.33M	61.08M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	137K	3.7M	1.89M	-2.03M	713K
Other Operating Activities, Total	-1.77M	-10.59M	-76.44M	-10.96M	7.57M
Change In Accounts Receivable	-4.09M	-22.1M	-24.41M	4.94M	-16.32M
Change In Accounts Payable	34.44M	-24.33M	20.89M	-48.6M	-11.57M
Change in Unearned Revenues	23.11M	4.49M	14.7M	-21.83M	-18.28M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-12.29M	8.3M	-34.66M	-66.6M	23.03M
Cash from Operations	216M	158M	141M	32.65M	167M
Capital Expenditure	-59.76M	-46.71M	-44.64M	-47.22M	-42.86M
Cash Acquisitions	-182M	-212M	-53.72M	-179M	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-8.87M	-16.82M	-11.1M	-4.03M	-6.51M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-191K	-173K	55.15M	64.15M	1.56M
Cash from Investing	-250M	-276M	-54.32M	-166M	-47.8M
Short Term Debt Issued, Total	-	50M	30M	280M	-
Total Debt Issued	-	50M	30M	280M	-
Short Term Debt Repaid, Total	-	-	-50M	-31.56M	-
Long-Term Debt Repaid, Total	-	-	-	-	-3.13M
Total Debt Repaid	-	-	-50M	-31.56M	-3.13M
Issuance of Common Stock	2.15M	1.81M	2K	-	-
Repurchase of Common Stock	-49.22M	-96.09M	-44.04M	-53.76M	-9.44M
Common Dividends Paid	-30.65M	-34.59M	-38.67M	-42.38M	-46.53M
Common & Preferred Stock Dividends Paid	-30.65M	-34.59M	-38.67M	-42.38M	-46.53M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-619K	-	-2.2M	-
Cash from Financing	-77.72M	-79.49M	-103M	150M	-59.1M
Foreign Exchange Rate Adjustments	-2.77M	-2.28M	1.8M	-5.81M	7.2M
Net Change in Cash	-115M	-199M	-14.66M	10.76M	66.99M
Supplemental Items
Cash Interest Paid	-	1.04M	1.72M	7.83M	16.48M
Cash Income Tax Paid (Refund)	19.09M	23.44M	33.07M	34.03M	20.16M
Levered Free Cash Flow	149M	85.79M	133M	226M	150M
Unlevered Free Cash Flow	149M	86.63M	134M	232M	160M
Change In Net Working Capital	-63.89M	26.92M	3.08M	-91.53M	11.19M
Net Debt Issued / Repaid	-	50M	-20M	248M	-3.13M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	8.76	8.41	6.72	4.12	5.16
Return on Total Capital	14.04	13.8	11.32	6.77	8.04
Return On Equity %	20.64	16.62	22.63	6.87	8.28
Return on Common Equity	20.64	16.62	22.63	6.87	8.28
Margin Analysis
Gross Profit Margin %	64.1	62.03	60.17	57.63	58.9
SG&A Margin	43.05	40.04	39.79	39.92	38.8
EBITDA Margin %	17.15	18.78	16.9	13.42	16.13
EBITA Margin %	16.54	18.25	16.58	13.13	15.91
EBIT Margin %	14.33	14.08	11.78	8.26	11.11
Income From Continuing Operations Margin %	11.88	9.19	12.61	3.84	4.6
Net Income Margin %	11.88	9.19	12.61	3.84	4.6
Net Avail. For Common Margin %	11.88	9.19	12.61	3.84	4.6
Normalized Net Income Margin	8.68	8.61	7.63	4.75	5.96
Levered Free Cash Flow Margin	19.32	10.36	15.17	24.15	15.11
Unlevered Free Cash Flow Margin	19.32	10.46	15.31	24.86	16.18
Asset Turnover
Asset Turnover	0.98	0.96	0.91	0.8	0.74
Fixed Assets Turnover	8.94	10.7	11.52	11.69	12.97
Receivables Turnover (Average Receivables)	16.9	14.4	11.04	10.04	9.53
Short Term Liquidity
Current Ratio	1.16	0.56	0.65	0.41	0.54
Quick Ratio	1.08	0.48	0.42	0.33	0.46
Operating Cash Flow to Current Liabilities	0.65	0.41	0.31	0.05	0.27
Days Sales Outstanding (Average Receivables)	21.6	25.34	33.05	36.46	38.32
Average Days Payable Outstanding	8.24	10.03	8.54	8.46	10.37
Long Term Solvency
Total Debt/Equity	9.68	21.12	12.99	59.96	51.69
Total Debt / Total Capital	8.82	17.44	11.5	37.48	34.08
LT Debt/Equity	7.89	7.96	5.58	27.58	23.04
Long-Term Debt / Total Capital	7.19	6.57	4.94	17.24	15.19
Total Liabilities / Total Assets	45	49.22	49.12	60.41	57.15
EBIT / Interest Expense	-	87.27	55.5	7.31	6.54
EBITDA / Interest Expense	-	124.37	83.1	12.64	9.95
(EBITDA - Capex) / Interest Expense	-	89.4	59.04	8.17	7.4
Total Debt / EBITDA	0.32	0.57	0.44	2.33	1.79
Net Debt / EBITDA	-1.88	-0.12	-0.21	1.49	0.73
Total Debt / (EBITDA - Capex)	0.55	0.79	0.62	3.6	2.41
Net Debt / (EBITDA - Capex)	-3.23	-0.17	-0.29	2.31	0.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.01	7.04	5.65	6.94	5.84
Gross Profit, 1 Yr. Growth %	21.42	3.58	2.48	2.41	8.18
EBITDA, 1 Yr. Growth %	28.66	14.08	-5.88	-15.08	33.29
EBITA, 1 Yr. Growth %	32.59	14.89	-5.04	-15.3	34.52
EBIT, 1 Yr. Growth %	22.21	1.91	-12.85	-25.04	53.89
Earnings From Cont. Operations, 1 Yr. Growth %	28.03	-17.17	44.89	-67.41	26.62
Net Income, 1 Yr. Growth %	28.03	-17.17	44.89	-67.41	26.62
Normalized Net Income, 1 Yr. Growth %	13.18	2.67	-7.61	-33.48	49.4
Diluted EPS Before Extra, 1 Yr. Growth %	24.87	-15.45	46.15	-66.78	23.76
Accounts Receivable, 1 Yr. Growth %	8.81	40.96	35.52	4.48	18.27
Net Property, Plant and Equip., 1 Yr. Growth %	-8.64	-12.71	10.47	0.83	-10
Total Assets, 1 Yr. Growth %	16.73	3.46	17.57	26.36	3.57
Tangible Book Value, 1 Yr. Growth %	-59.3	-186.13	-62.22	637.92	-30.2
Common Equity, 1 Yr. Growth %	11.03	-4.48	17.79	-1.66	12.09
Cash From Operations, 1 Yr. Growth %	31.08	-26.77	-11.3	-76.77	410.59
Capital Expenditures, 1 Yr. Growth %	117.48	-21.84	-4.43	5.76	-9.23
Levered Free Cash Flow, 1 Yr. Growth %	23.9	-43.45	52.89	70.23	-32.69
Unlevered Free Cash Flow, 1 Yr. Growth %	23.9	-42.9	52.76	73.69	-30.04
Dividend Per Share, 1 Yr. Growth %	23.53	14.29	12.5	11.11	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.04	11.43	6.34	6.29	6.39
Gross Profit, 2 Yr. CAGR %	15.39	12.15	3.03	2.45	5.69
EBITDA, 2 Yr. CAGR %	79.74	23.44	5.2	-10.14	17.2
EBITA, 2 Yr. CAGR %	112.01	25.87	6.1	-9.84	17.84
EBIT, 2 Yr. CAGR %	119.71	14.09	-3.98	-18.62	24.1
Earnings From Cont. Operations, 2 Yr. CAGR %	113.76	2.98	9.55	-31.29	-35.77
Net Income, 2 Yr. CAGR %	113.76	2.98	9.55	-31.29	-35.77
Normalized Net Income, 2 Yr. CAGR %	96.88	10.23	-0.71	-21.06	11.99
Diluted EPS Before Extra, 2 Yr. CAGR %	107.77	2.75	11.17	-30.32	-35.88
Accounts Receivable, 2 Yr. CAGR %	0.73	23.84	38.22	19	11.16
Net Property, Plant and Equip., 2 Yr. CAGR %	-10.98	-10.7	-1.8	5.54	-4.74
Total Assets, 2 Yr. CAGR %	16.22	9.89	10.29	21.89	14.4
Tangible Book Value, 2 Yr. CAGR %	-23.35	-40.79	-42.95	66.98	126.95
Common Equity, 2 Yr. CAGR %	19.48	2.98	6.07	7.63	4.99
Cash From Operations, 2 Yr. CAGR %	45.19	-2.03	-19.4	-54.61	8.9
Capital Expenditures, 2 Yr. CAGR %	51.38	30.38	-13.57	0.54	-2.02
Levered Free Cash Flow, 2 Yr. CAGR %	44.76	-15.42	-5.95	62.27	15.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.76	-15.01	-5.54	63.82	18.47
Dividend Per Share, 2 Yr. CAGR %	-	18.82	13.39	11.8	10.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.46	8.37	9.47	6.54	6.14
Gross Profit, 3 Yr. CAGR %	11.71	11.31	8.83	2.82	4.33
EBITDA, 3 Yr. CAGR %	33.04	55.85	13.16	-2.05	0.89
EBITA, 3 Yr. CAGR %	46.01	74.46	14.99	-1.58	1.39
EBIT, 3 Yr. CAGR %	46.02	71.89	4.77	-11.58	-1.93
Earnings From Cont. Operations, 3 Yr. CAGR %	18.88	55.84	15.39	-26.87	-15.76
Net Income, 3 Yr. CAGR %	18.88	55.84	15.39	-26.87	-15.76
Normalized Net Income, 3 Yr. CAGR %	43.28	60.22	4.42	-13.12	-6.12
Diluted EPS Before Extra, 3 Yr. CAGR %	16.9	53.97	15.56	-25.68	-15.61
Accounts Receivable, 3 Yr. CAGR %	5.16	12.67	27.62	25.91	18.75
Net Property, Plant and Equip., 3 Yr. CAGR %	2.75	-11.56	-4.13	-0.93	0.08
Total Assets, 3 Yr. CAGR %	17.02	11.8	12.4	15.41	15.45
Tangible Book Value, 3 Yr. CAGR %	-9.52	-20.31	-49.03	33.91	24.85
Common Equity, 3 Yr. CAGR %	17.79	10.89	7.7	3.43	9.1
Cash From Operations, 3 Yr. CAGR %	28.4	15.57	-5.22	-46.76	1.7
Capital Expenditures, 3 Yr. CAGR %	19.65	21.44	17.56	-7.56	-2.83
Levered Free Cash Flow, 3 Yr. CAGR %	52.95	6.35	3.43	14.62	20.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	52.95	6.7	3.73	15.73	22.73
Dividend Per Share, 3 Yr. CAGR %	-	-	16.67	12.62	11.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.37	8.24	7.01	7.53	8.23
Gross Profit, 5 Yr. CAGR %	11.23	9.65	8.16	7.68	7.39
EBITDA, 5 Yr. CAGR %	15.77	25.57	21.28	25.04	9.37
EBITA, 5 Yr. CAGR %	19.48	34.21	28.68	33.97	10.55
EBIT, 5 Yr. CAGR %	18.49	32.64	23.68	27.46	4.19
Earnings From Cont. Operations, 5 Yr. CAGR %	23.01	35.39	15.06	12.31	-8.71
Net Income, 5 Yr. CAGR %	23.01	35.39	15.06	12.31	-8.71
Normalized Net Income, 5 Yr. CAGR %	17.77	28.82	23.94	20.72	0.11
Diluted EPS Before Extra, 5 Yr. CAGR %	22.01	34.65	14.57	12.13	-8.7
Accounts Receivable, 5 Yr. CAGR %	4.6	6.14	17.31	15.16	20.77
Net Property, Plant and Equip., 5 Yr. CAGR %	8.06	-3.39	0.9	-5.08	-4.38
Total Assets, 5 Yr. CAGR %	11.16	8.81	14.28	15.73	13.19
Tangible Book Value, 5 Yr. CAGR %	-9.64	-9.96	-24.77	7.13	-7.36
Common Equity, 5 Yr. CAGR %	10.32	7.3	12.95	9.58	6.61
Cash From Operations, 5 Yr. CAGR %	16.52	7.96	6.58	-20.48	0.19
Capital Expenditures, 5 Yr. CAGR %	8.38	-3.24	5.05	12.6	9.29
Levered Free Cash Flow, 5 Yr. CAGR %	23.56	18.93	26.01	25.93	4.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.56	19.16	26.23	26.66	5.95
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	14.19