Getty Images Holdings, Inc.
Business
Getty Images Holdings, Inc. provides visual content solutions and related services, licensing a large library of images, video, music and generative AI offerings to corporate, agency, media and creator customers. It offers premium Getty Images content, mid-market iStock assets and creator-focused Unsplash, along with APIs, digital asset management, custom content assignments and generative AI services trained on its creative library. The company organizes offerings into Creative, Editorial and Other categories and operates dedicated sales, customer success and subscription products. It distributes content globally via web platforms, APIs, integrations and partner channels in multiple languages and currencies.
Summary from filing dated 2025-03-17
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 981 | 939 | 917 | 926 | 919 | |
| Cost of revenue (exclusive of depreciation and amortization) | 261 | 253 | 250 | 255 | 248 | |
| Selling, general and administrative expenses | 416 | 408 | 403 | 376 | 368 | |
| Depreciation | 62 | 59 | 54 | 50 | 51 | |
| Amortization | 2 | 2 | 24 | 44 | 49 | |
| Loss on litigation | 100 | 20 | 116 | 1 | 0 | |
| Recovery of loss on litigation | 0 | 0 | −60 | 0 | 0 | |
| Other operating expenses net | 55 | 16 | 2 | −681,000 | 386,000 | |
| Total operating expenses | 897 | 758 | 789 | 724 | 717 | |
| Income from operations | 84 | 181 | 128 | 202 | 202 | |
| Interest expense | −156 | −131 | −127 | −117 | — | |
| Loss on fair value adjustment for swaps net | 0 | −1 | −8 | 24 | 19 | |
| Foreign exchange (loss) gain net | −79 | 36 | −24 | 25 | 36 | |
| Loss on extinguishment of debt | −6 | 0 | 0 | −3 | 0 | |
| Other non-operating (expense) income net | −6 | 3 | 4 | −3 | 612,000 | |
| Total other expense net | −246 | −94 | −155 | −236 | −66 | |
| (Loss) income before income taxes | −162 | 87 | −27 | −34 | 136 | |
| Income tax (expense) benefit | −44 | −47 | 46 | −44 | −19 | |
| Net (loss) income | −206 | 39 | 20 | −78 | 117 | |
| Net (loss) income attributable to non-controlling interest | −60,000 | −61,000 | 238,000 | −89,000 | 329,000 | |
| Net (loss) income attributable to Getty Images Holdings, Inc. | −206 | 40 | 19 | −147 | 46 | |
| Basic (in dollars per share) | −0.5 | 0.1 | 0.05 | −0.53 | 0.23 | |
| Diluted (in dollars per share) | −0.5 | 0.1 | 0.05 | −0.53 | 0.23 | |
| Basic (in shares) | 414 | 409 | 399 | 277 | 196 | |
| Diluted (in shares) | 414 | 415 | 411 | 277 | 202 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 90 | 121 | 137 | 98 | 186 | |
| Restricted cash | 635 | 4 | 4 | 4 | 5 | |
| Accounts receivable net of allowance of $5,338 and $6,164, respectively | 208 | 151 | 139 | 130 | 143 | |
| Prepaid expenses | 21 | 16 | 16 | 16 | 13 | |
| Insurance recovery receivable | 35 | 45 | 49 | 0 | — | |
| Taxes receivable | 10 | 10 | 10 | 11 | 12 | |
| Other current assets | 12 | 11 | 11 | 10 | 15 | |
| Total current assets | 1,011 | 359 | 365 | 270 | 375 | |
| Property and equipment, net | 184 | 177 | 179 | 172 | 171 | |
| Operating lease right of use assets | 24 | 32 | 41 | 47 | 53 | |
| Goodwill | 1,516 | 1,510 | 1,502 | 1,500 | 1,503 | |
| Intangible assets, net of accumulated amortization | 415 | 390 | 404 | 420 | 479 | |
| Deferred income taxes, net | 58 | 64 | 69 | 8 | 9 | |
| Other assets | 32 | 31 | 41 | 52 | 41 | |
| Total assets | 3,240 | 2,564 | 2,602 | 2,468 | 2,578 | |
| Accounts payable | 114 | 99 | 103 | 94 | 95 | |
| Accrued expenses | 90 | 60 | 44 | 49 | 67 | |
| Income taxes payable | 14 | 11 | 11 | 8 | 11 | |
| Short-term debt - net | 696 | 0 | 98 | 0 | 6 | |
| Litigation reserves | 205 | 111 | 98 | — | — | |
| Deferred revenue | 188 | 172 | 176 | 171 | — | |
| Total current liabilities | 1,308 | 453 | 432 | 322 | 346 | |
| Long-term debt, net | 1,271 | 1,314 | 1,399 | 1,429 | 1,751 | |
| Lease liabilities | 24 | 29 | 40 | 46 | — | |
| Deferred income taxes, net | 14 | 24 | 22 | 37 | 25 | |
| Uncertain tax positions | 21 | 22 | 25 | 37 | 43 | |
| Other long-term liabilities | 2 | 2 | 3 | 3 | 27 | |
| Total liabilities | 2,640 | 1,845 | 1,920 | 1,875 | 2,191 | |
| Commitments & contingencies (Note 11) | — | — | — | — | — | |
| Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 417.2 million shares issued and outstanding as of December 31, 2025 and 412.3 million shares issued and outstanding as of December 31, 2024 | 42,000 | 41,000 | — | — | — | |
| Additional paid-in capital | 2,040 | 2,017 | 1,983 | 1,936 | 935 | |
| Accumulated deficit | −1,430 | −1,223 | −1,263 | −1,282 | −1,203 | |
| Accumulated other comprehensive loss | −58 | −124 | −87 | −109 | −78 | |
| Total Getty Images Holdings, Inc. stockholders equity | 553 | 670 | 633 | 545 | −347 | |
| Non-controlling interest | 48 | 48 | 48 | 48 | 48 | |
| Total stockholders equity | 601 | 718 | 681 | 593 | −299 | |
| Total liabilities and stockholders equity | 3,240 | 2,564 | 2,602 | 2,468 | 2,578 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization | 2 | 2 | 24 | 44 | 49 | |
| Foreign currency losses (gain) on foreign denominated debt | 57 | −28 | 17 | −27 | −39 | |
| Equity-based compensation | 17 | 22 | 38 | 9 | 6 | |
| Deferred income taxes net | 4 | 4 | −77 | 16 | 6 | |
| Uncertain tax positions | −1 | −2 | −13 | −5 | −21 | |
| Impairment of equity method investment | 0 | 8 | 0 | 0 | — | |
| Debt and refinance issuance transaction costs | 14 | 2 | 0 | — | — | |
| Non-cash fair value adjustment for swaps and foreign currency exchange contracts | 0 | 1 | 8 | −22 | — | |
| Amortization of debt issuance costs | 8 | 3 | 4 | 6 | 7 | |
| Non cash operating lease costs | 11 | 11 | 12 | 10 | 0 | |
| Other | 1 | 3 | 4 | 3 | −725,000 | |
| Accounts receivable | −53 | −18 | −12 | 6 | −16 | |
| Accounts payable | 12 | −5 | 10 | 6 | −555,000 | |
| Accrued expenses | 10 | 14 | −7 | −14 | 19 | |
| Insurance recovery receivable | 10 | 4 | −49 | 0 | 0 | |
| Litigation reserves | 94 | 13 | 98 | 0 | 0 | |
| Lease liabilities, non-current | −13 | −12 | −13 | −11 | 0 | |
| Income taxes receivable/payable | 5 | −1 | 8 | −188,000 | 320,000 | |
| Interest payable | 22 | 0 | 0 | 261,000 | — | |
| Deferred revenue | 12 | 492,000 | 5 | 9 | 25 | |
| Other | −9 | −621,000 | 1 | −4 | 4 | |
| Net cash provided by operating activities | 65 | 118 | 133 | 163 | 189 | |
| Acquisition of property and equipment | −60 | −57 | −57 | −59 | −49 | |
| Acquisition of a business, net of cash acquired | 0 | −15 | 0 | 0 | −89 | |
| Net cash used in investing activities | −60 | −72 | −57 | −61 | −137 | |
| Payment of debt | −1,037 | −58 | −50 | −310 | −17 | |
| Proceeds from issuance of debt | 1,669 | 0 | 0 | — | — | |
| Debt issuance and refinance costs | −60 | −4 | −1 | 0 | 0 | |
| Proceeds from common stock issuance | 4 | 8 | 15 | 0 | 0 | |
| Cash paid for settlement of employee taxes related to exercise of equity-based awards | 0 | −3 | −9 | −6 | — | |
| Cash paid for equity issuance costs | 0 | 0 | −150,000 | −107 | −2 | |
| Net cash provided by (used in) financing activities | 576 | −56 | −45 | −184 | −19 | |
| Effects of exchange rates fluctuations | 18 | −5 | 8 | −7 | −2 | |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 600 | −16 | 38 | −89 | 30 | |
| Interest paid | 127 | 129 | 123 | 111 | 115 | |
| Income taxes paid, including foreign taxes withheld | 44 | 41 | 32 | 31 | 32 |