NYSE : SSTK
Shutterstock, Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 4.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 152.96M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Shutterstock, Inc. (SSTK) reported revenue of 901.29M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 901.29M | 989.92M | 935.26M | 874.59M | 827.83M | 773.41M |
| Cost of Revenue | 388.54M | 406.85M | 396.30M | 352.63M | 314.31M | 277.66M |
| Gross Profit | 512.75M | 583.08M | 538.97M | 521.96M | 513.52M | 495.76M |
| Selling, General & Admin | 335.24M | 384.08M | 379.09M | 354.39M | 331.50M | 332.04M |
| Research & Development | 85.39M | 89.03M | 88.42M | 96.16M | 65.43M | 52.01M |
| Operating Expenses | 420.63M | 473.11M | 467.51M | 450.56M | 396.93M | 384.05M |
| Operating Income | 92.12M | 109.97M | 71.46M | 71.40M | 116.59M | 111.71M |
| Interest Expense | -15.90M | -16.83M | -10.56M | -1.86M | -1.34M | |
| Interest & Investment Income | 2.92M | 3.65M | 4.07M | 4.79M | 87.00K | |
| Currency Exchange Gain (Loss) | -836.00K | -2.46M | -1.83M | 879.00K | -1.34M | -3.30M |
| Other Non Operating Income (Expenses) | -67.00K | |||||
| EBT Excluding Unusual Items | 78.30M | 94.33M | 63.14M | 75.21M | 114.00M | 108.34M |
| Merger & Restructuring Charges | -41.44M | -34.91M | -2.75M | -3.00M | -4.30M | -3.60M |
| Gain (Loss) on Sale of Investments | -28.65M | 15.91M | 2.16M | |||
| Asset Writedown | -18.66M | |||||
| Other Unusual Items | 50.26M | |||||
| Pretax Income | -198.52M | 75.33M | 62.55M | 122.47M | 91.04M | 104.74M |
| Income Tax Expense | 7.62M | 29.84M | 26.62M | 12.20M | 14.93M | 12.85M |
| Net Income | -206.14M | 45.50M | 35.93M | 110.27M | 76.10M | 91.88M |
| Net Income to Common | -206.14M | 45.50M | 35.93M | 110.27M | 76.10M | 91.88M |
| Shares Outstanding (Basic) | 35.82M | 35.29M | 35.33M | 35.88M | 36.04M | 36.51M |
| Shares Outstanding (Diluted) | 35.82M | 36.27M | 35.66M | 36.24M | 36.55M | 37.32M |
| EPS (Basic) | -5.76 | 1.29 | 1.02 | 3.07 | 2.11 | 2.52 |
| EPS (Diluted) | -5.76 | 1.25 | 1.01 | 3.04 | 2.08 | 2.46 |
| Free Cash Flow | 90.15M | 123.83M | -14.57M | 95.91M | 111.74M | 156.61M |
| Free Cash Flow Per Share | 2.52 | 3.41 | -0.41 | 2.65 | 3.06 | 4.20 |
| Dividend Per Share | 1.38 | 1.32 | 1.20 | 1.08 | 0.96 | 0.84 |
| Gross Margin | 56.89% | 58.90% | 57.63% | 59.68% | 62.03% | 64.10% |
| Operating Margin | 10.22% | 11.11% | 7.64% | 8.16% | 14.08% | 14.44% |
| Profit Margin | -22.87% | 4.60% | 3.84% | 12.61% | 9.19% | 11.88% |
| Free Cash Flow Margin | 10.00% | 12.51% | -1.56% | 10.97% | 13.50% | 20.25% |
| EBITDA | 141.25M | 159.66M | 119.78M | 116.23M | 155.46M | 133.58M |
| EBITDA Margin | 15.67% | 16.13% | 12.81% | 13.29% | 18.78% | 17.27% |
| D&A For EBITDA | 49.13M | 49.69M | 48.33M | 44.83M | 38.87M | 21.87M |
| EBIT | 92.12M | 109.97M | 71.46M | 71.40M | 116.59M | 111.71M |
| EBIT Margin | 10.22% | 11.11% | 7.64% | 8.16% | 14.08% | 14.44% |
| Effective Tax Rate | 39.61% | 42.55% | 9.96% | 16.40% | 12.27% | |
| Advertising Expenses | 87.00M | 91.80M | 93.10M | 97.20M | 112.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 133.21M | 178.24M | 111.25M | 100.49M | 115.15M | 314.02M |
| Cash & Short-Term Investments | 133.21M | 178.24M | 111.25M | 100.49M | 115.15M | 314.02M |
| Receivables | 102.26M | 112.63M | 95.22M | 91.14M | 67.25M | 47.71M |
| Prepaid Expenses | 44.02M | 47.47M | 49.18M | 100.34M | 32.67M | 25.09M |
| Other Current Assets | 300.00K | 300.00K | 600.00K | 600.00K | 1.40M | |
| Total Current Assets | 279.50M | 338.64M | 255.96M | 292.57M | 215.67M | 388.21M |
| Property, Plant & Equipment | 69.47M | 72.32M | 80.36M | 79.69M | 72.14M | 82.64M |
| Long-Term Investments | 30.50M | 30.50M | 24.00M | 20.00M | 20.00M | |
| Goodwill | 400.02M | 574.61M | 569.67M | 383.32M | 381.92M | 219.82M |
| Other Intangible Assets | 192.07M | 215.67M | 248.48M | 184.40M | 173.09M | 123.82M |
| Long-Term Accounts Receivable | 19.30M | 19.30M | ||||
| Long-Term Deferred Tax Assets | 77.22M | 61.29M | 70.98M | 24.87M | 16.53M | 10.51M |
| Other Long-Term Assets | 24.19M | 43.60M | 59.72M | 71.15M | 1.83M | 6.70M |
| Total Assets | 1.09B | 1.36B | 1.31B | 1.04B | 881.18M | 851.71M |
| Accounts Payable | 12.98M | 13.90M | 9.22M | 9.11M | 7.18M | 10.09M |
| Accrued Expenses | 202.52M | 224.12M | 207.72M | 186.30M | 128.04M | 128.53M |
| Short-Term Debt | 155.00M | 155.00M | 155.00M | 30.00M | 50.00M | |
| Current Portion of Long-Term Debt | 3.11M | 3.11M | 3.11M | |||
| Current Portion of Leases | 10.48M | 8.34M | 9.72M | 9.08M | 8.91M | 8.36M |
| Current Unearned Revenue | 198.44M | 212.98M | 225.49M | 203.46M | 187.07M | 180.98M |
| Other Current Liabilities | 4.24M | 10.96M | 15.03M | 14.44M | 2.54M | 5.82M |
| Total Current Liabilities | 586.78M | 628.40M | 625.29M | 452.39M | 383.73M | 333.78M |
| Long-Term Debt | 115.16M | 116.64M | 119.60M | |||
| Long-Term Leases | 13.52M | 17.25M | 23.36M | 29.40M | 35.61M | 36.97M |
| Long-Term Deferred Tax Liabilities | 1.32M | 1.13M | 2.17M | 4.18M | 4.46M | 2.78M |
| Other Long-Term Liabilities | 11.84M | 11.48M | 20.38M | 22.95M | 9.89M | 9.70M |
| Total Liabilities | 728.62M | 774.90M | 790.81M | 508.92M | 433.70M | 383.23M |
| Common Stock | 422.00K | 410.00K | 403.00K | 399.00K | 396.00K | 392.00K |
| Additional Paid-In Capital | 536.63M | 520.02M | 468.39M | 424.23M | 391.48M | 376.54M |
| Retained Earnings | 105.66M | 335.17M | 336.20M | 342.65M | 271.05M | 229.54M |
| Treasury Stock | -269.80M | -269.80M | -269.80M | -228.21M | -200.01M | -127.20M |
| Comprehensive Income & Other | -9.25M | -4.75M | -16.84M | -11.97M | -15.44M | -10.79M |
| Shareholders' Equity | 363.66M | 581.04M | 518.35M | 527.09M | 447.48M | 468.48M |
| Total Liabilities & Equity | 1.09B | 1.36B | 1.31B | 1.04B | 881.18M | 851.71M |
| Total Debt | 297.27M | 300.33M | 310.79M | 68.48M | 94.52M | 45.33M |
| Net Cash (Debt) | -164.06M | -122.09M | -199.53M | 32.01M | 20.63M | 268.69M |
| Net Cash Per Share | -4.58 | -3.37 | -5.60 | 0.88 | 0.56 | 7.20 |
| Filing Date Shares Outstanding | 36.95M | 35.55M | 34.89M | 35.54M | 35.84M | 36.36M |
| Total Common Shares Outstanding | 36.81M | 35.53M | 34.87M | 35.57M | 35.83M | 36.42M |
| Working Capital | -307.28M | -289.76M | -369.33M | -159.81M | -168.06M | 54.43M |
| Book Value Per Share | 9.88 | 16.35 | 14.86 | 14.82 | 12.49 | 12.86 |
| Tangible Book Value | -228.44M | -209.25M | -299.80M | -40.63M | -107.53M | 124.84M |
| Tangible Book Value Per Share | -6.21 | -5.89 | -8.60 | -1.14 | -3.00 | 3.43 |
| Machinery | 393.01M | 405.25M | 362.08M | 319.30M | 271.39M | 231.67M |
| Leasehold Improvements | 18.69M | 20.52M | 20.45M | 19.15M | 18.64M | 19.45M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -206.14M | 45.50M | 35.93M | 110.27M | 76.10M | 91.88M |
| Depreciation & Amortization | 49.13M | 49.69M | 48.33M | 44.83M | 38.87M | 21.87M |
| Other Amortization | 41.60M | 41.20M | 39.30M | 34.90M | 29.60M | 26.90M |
| Asset Writedown & Restructuring Costs | 173.74M | 18.66M | ||||
| Loss (Gain) From Sale of Investments | 28.65M | -15.91M | -2.16M | |||
| Stock-Based Compensation | 53.48M | 61.08M | 56.33M | 48.58M | 35.74M | 36.18M |
| Provision & Write-off of Bad Debts | 72.00K | 713.00K | -2.03M | 1.89M | 3.70M | 137.00K |
| Other Operating Activities | -1.38M | 7.57M | -10.96M | -76.44M | -10.59M | -1.77M |
| Change in Accounts Receivable | 49.05M | -16.32M | 4.94M | -24.41M | -22.11M | -4.09M |
| Change in Accounts Payable | -26.37M | -11.57M | -48.60M | 20.89M | -24.33M | 34.44M |
| Change in Unearned Revenue | -26.40M | -18.28M | -21.83M | 14.70M | 4.49M | 23.11M |
| Change in Other Net Operating Assets | -2.83M | 23.03M | -66.60M | -34.66M | 8.30M | -12.29M |
| Operating Cash Flow | 132.59M | 166.69M | 32.65M | 140.55M | 158.45M | 216.37M |
| Capital Expenditures | -42.45M | -42.86M | -47.22M | -44.65M | -46.71M | -59.76M |
| Cash Acquisitions | -179.07M | -53.72M | -211.84M | -181.61M | ||
| Sale (Purchase) of Intangibles | -1.83M | -6.51M | -4.03M | -11.10M | -16.82M | -8.87M |
| Other Investing Activities | 1.39M | 1.56M | 64.15M | 55.15M | -173.00K | -191.00K |
| Investing Cash Flow | -42.88M | -47.80M | -166.17M | -54.32M | -275.55M | -250.44M |
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 280.00M | 30.00M | ||||
| Total Debt Issued | 280.00M | 30.00M | 50.00M | |||
| Long-Term Debt Repaid | -3.13M | -31.56M | -50.00M | |||
| Net Debt Issued (Repaid) | -3.13M | -3.13M | 248.44M | -20.00M | 50.00M | |
| Issuance of Common Stock | 2.00K | 1.81M | 2.15M | |||
| Repurchase of Common Stock | -15.28M | -9.44M | -53.76M | -44.04M | -96.09M | -49.22M |
| Common Dividends Paid | -49.40M | -46.53M | -42.38M | -38.67M | -34.59M | -30.65M |
| Other Financing Activities | -2.20M | -619.00K | ||||
| Financing Cash Flow | -67.81M | -59.10M | 150.10M | -102.70M | -79.49M | -77.72M |
| Foreign Exchange Rate Adjustments | -5.11M | 7.20M | -5.81M | 1.80M | -2.28M | -2.77M |
| Net Cash Flow | 16.80M | 66.99M | 10.76M | -14.66M | -198.86M | -114.56M |
| Free Cash Flow | 90.15M | 123.83M | -14.57M | 95.91M | 111.74M | 156.61M |
| Free Cash Flow Margin | 10.00% | 12.51% | -1.56% | 10.97% | 13.50% | 20.25% |
| Free Cash Flow Per Share | 2.52 | 3.41 | -0.41 | 2.65 | 3.06 | 4.20 |
| Levered Free Cash Flow | 147.76M | 149.63M | 222.30M | 112.95M | 85.79M | 150.01M |
| Unlevered Free Cash Flow | 157.69M | 160.14M | 228.90M | 114.11M | 86.63M | 150.01M |
| Cash Interest Paid | 15.30M | 16.48M | 7.83M | 1.72M | 1.04M | |
| Cash Income Tax Paid | 13.15M | 20.16M | 34.03M | 33.07M | 23.44M | 19.09M |
| Change in Working Capital | -6.55M | -23.15M | -132.09M | -23.48M | -33.64M | 41.17M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 152.96M | 678.44M | 1.06B | 1.72B | 1.89B | 4.08B |
| Enterprise Value | 317.02M | 819.39M | 1.23B | 1.72B | 1.90B | 3.84B |
| Last Close Price | 4.14 | 18.21 | 27.06 | 41.67 | 44.52 | 92.17 |
| PE Ratio | 14.91 | 29.45 | 15.64 | 24.81 | 44.44 | |
| Forward PE | 4.28 | 7.06 | 13.78 | 14.08 | 35.11 | |
| PS Ratio | 0.17 | 0.69 | 1.13 | 1.97 | 2.28 | 5.28 |
| PB Ratio | 0.42 | 1.17 | 2.04 | 3.27 | 4.22 | 8.72 |
| P/TBV Ratio | 32.71 | |||||
| P/FCF Ratio | 1.70 | 5.48 | 17.98 | 16.90 | 26.07 | |
| P/OCF Ratio | 1.15 | 4.07 | 32.41 | 12.27 | 11.92 | 18.87 |
| PEG Ratio | 0.22 | 6.66 | 1.23 | 1.74 | 3.29 | |
| EV/Sales Ratio | 0.35 | 0.83 | 1.32 | 1.97 | 2.29 | 4.96 |
| EV/EBITDA Ratio | 2.24 | 5.13 | 10.27 | 14.80 | 12.21 | 28.71 |
| EV/EBIT Ratio | 3.44 | 7.45 | 17.22 | 24.10 | 16.28 | 34.34 |
| EV/FCF Ratio | 3.52 | 6.62 | 17.94 | 16.98 | 24.49 | |
| Debt / Equity Ratio | 0.82 | 0.52 | 0.60 | 0.13 | 0.21 | 0.10 |
| Debt / EBITDA Ratio | 2.00 | 1.79 | 2.43 | 0.56 | 0.57 | 0.32 |
| Debt / FCF Ratio | 3.30 | 2.42 | 0.71 | 0.85 | 0.29 | |
| Net Debt / Equity Ratio | 0.45 | 0.21 | 0.39 | -0.06 | -0.05 | -0.57 |
| Net Debt / EBITDA Ratio | 1.16 | 0.77 | 1.67 | -0.28 | -0.13 | -2.01 |
| Net Debt / FCF Ratio | 1.82 | 0.99 | -13.70 | -0.33 | -0.18 | -1.72 |
| Asset Turnover | 0.73 | 0.74 | 0.80 | 0.91 | 0.95 | 0.98 |
| Quick Ratio | 0.40 | 0.46 | 0.33 | 0.42 | 0.47 | 1.08 |
| Current Ratio | 0.48 | 0.54 | 0.41 | 0.65 | 0.56 | 1.16 |
| Return on Equity (ROE) | -43.41% | 8.28% | 6.87% | 22.63% | 16.62% | 20.64% |
| Return on Assets (ROA) | 4.66% | 5.16% | 3.81% | 4.66% | 8.41% | 8.83% |
| Return on Invested Capital (ROIC) | 15.39% | 9.35% | 6.77% | 13.95% | 31.11% | 80.37% |
| Return on Capital Employed (ROCE) | 18.20% | 15.10% | 10.40% | 12.20% | 23.40% | 21.60% |
| Earnings Yield | -139.05% | 6.71% | 3.40% | 6.40% | 4.03% | 2.25% |
| FCF Yield | 58.93% | 18.25% | -1.38% | 5.56% | 5.92% | 3.84% |
| Dividend Yield | 25.36% | 6.91% | 3.96% | 2.23% | 1.82% | 0.75% |
| Payout Ratio | 102.27% | 117.95% | 35.07% | 45.45% | 33.36% | |
| Buyback Yield / Dilution | -0.98% | -1.71% | 1.61% | 0.83% | 2.08% | -2.63% |
| Total Shareholder Return | 24.38% | 5.20% | 5.57% | 3.06% | 3.91% | -1.88% |