Shutterstock, Inc.
Business
Shutterstock, Inc. operates a global digital marketplace connecting customers and contributors to license creative content. The platform offers images, footage, music, 3D models, and generative AI-created images under perpetual, royalty-free licenses, alongside metadata licensing, distribution services through Giphy, and custom content production via Shutterstock Studios. Content revenues represent the majority of business, with Data, Distribution, and Services offerings addressing customer demand beyond traditional licensing, served through self-service digital channels and dedicated sales teams to customers across North America, Europe, and international markets.
Summary from 10-K filed 2026-02-17
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 | 990 | 935 | 875 | 828 | 773 | |
| Cost of revenue | 407 | 396 | 353 | 314 | 278 | |
| Sales and marketing | 221 | 223 | 215 | 203 | 205 | |
| Product development | 89 | 88 | 96 | 65 | 52 | |
| General and administrative | 198 | 159 | 143 | 133 | 131 | |
| Total operating expenses | 915 | 867 | 806 | 734 | 665 | |
| Income from operations | 75 | 69 | 68 | 94 | 108 | |
| Bargain purchase gain | 0 | 0 | 50 | 0 | 0 | |
| Interest expense | −17 | −11 | −2 | −1 | — | |
| Other income, net | 17 | 4 | 6 | −1 | −3 | |
| Income before income taxes | 75 | 63 | 122 | 91 | 105 | |
| Provision for income taxes | 30 | 27 | 12 | 15 | 13 | |
| Net income | 45 | 36 | 110 | 76 | 92 | |
| Basic (in dollars per share) | 1.29 | 1.02 | 3.07 | 2.11 | 2.52 | |
| Diluted (in dollars per share) | 1.25 | 1.01 | 3.04 | 2.08 | 2.46 | |
| Basic (in shares) | 35 | 35 | 36 | 36 | 37 | |
| Diluted (in shares) | 36 | 36 | 36 | 37 | 37 |
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 | 178 | 111 | 101 | 115 | 314 | |
| Accounts receivable, net of allowance of $3,431 and $3,101 | 113 | 95 | 91 | 67 | 48 | |
| Prepaid expenses and other current assets | 48 | 49 | 101 | 33 | 26 | |
| Total current assets | 339 | 256 | 293 | 216 | 388 | |
| Property and equipment, net | 63 | 66 | 64 | 55 | 48 | |
| Right-of-use assets | 10 | 14 | 15 | 18 | 35 | |
| Intangible assets, net | 216 | 248 | 184 | 173 | 124 | |
| Goodwill | 575 | 570 | 383 | 382 | 220 | |
| Deferred tax assets, net | 61 | 71 | 25 | 17 | 11 | |
| Other assets | 93 | 84 | 71 | 22 | 27 | |
| Total assets | 1,356 | 1,309 | 1,036 | 881 | 852 | |
| Accounts payable | 14 | 9 | 9 | 7 | 10 | |
| Accrued expenses | 130 | 127 | 131 | 89 | 100 | |
| Contributor royalties payable | 94 | 81 | 55 | 39 | 29 | |
| Deferred revenue | 213 | 225 | 203 | 187 | 181 | |
| Debt | 158 | 158 | 30 | 50 | 0 | |
| Other current liabilities | 19 | 25 | 24 | 11 | 14 | |
| Total current liabilities | 628 | 625 | 452 | 384 | 334 | |
| Deferred tax liability, net | 1 | 2 | 4 | 4 | 3 | |
| Long-term debt | 117 | 120 | 0 | — | — | |
| Lease liabilities | 17 | 23 | 29 | 36 | 37 | |
| Other non-current liabilities | 11 | 20 | 23 | 10 | 10 | |
| Total liabilities | 775 | 791 | 509 | 434 | 383 | |
| Commitments and contingencies (Note 18) | — | — | — | — | — | |
| Common stock, $0.01 par value; 200,000 shares authorized; 41,049 and 40,395 shares issued and 35,528 and 34,874 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 410,000 | 403,000 | 399,000 | 396,000 | 392,000 | |
| Treasury stock, at cost; 5,521 shares as of December 31, 2025 and December 31, 2024 | −270 | −270 | −228 | — | — | |
| Additional paid-in capital | 520 | 468 | 424 | 391 | 377 | |
| Accumulated other comprehensive loss | −5 | −17 | −12 | −15 | −11 | |
| Retained earnings | 335 | 336 | 343 | 271 | 230 | |
| Total stockholders equity | 581 | 518 | 527 | 447 | 468 | |
| Total liabilities and stockholders equity | 1,356 | 1,309 | 1,036 | 881 | 852 |
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 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 91 | 88 | 80 | 68 | 49 | |
| Deferred taxes | 8 | −11 | −26 | −11 | −2 | |
| Non-cash equity-based compensation | 61 | 56 | 49 | 36 | 36 | |
| Loss on impairment of long-term investment | 5 | 0 | 0 | — | — | |
| Bad debt expense | 713,000 | −2 | 2 | 4 | 137,000 | |
| Unrealized gain on investments, net | −21 | −2 | 0 | 0 | — | |
| Accounts receivable | −16 | 5 | −24 | −22 | −4 | |
| Prepaid expenses and other current and non-current assets | 11 | −18 | −51 | 532,000 | −13 | |
| Accounts payable and other current and non-current liabilities | −12 | −49 | 21 | −24 | 34 | |
| Envato Seller Obligations | 0 | −63 | 0 | 0 | — | |
| Contributor royalties payable | 12 | 15 | 16 | 8 | 898,000 | |
| Deferred revenue | −18 | −22 | 15 | 4 | 23 | |
| Net cash provided by operating activities | 167 | 33 | 141 | 158 | 216 | |
| Capital expenditures | −43 | −47 | −45 | −43 | −28 | |
| Business combination, net of cash acquired | 0 | −179 | −54 | −212 | −182 | |
| Cash received related to Giphy Retention Compensation | 2 | 64 | 54 | 0 | 0 | |
| Acquisition of content | −7 | −4 | −11 | −17 | −9 | |
| Security deposit (payment) / release | −40,000 | 176,000 | 1 | −173,000 | −191,000 | |
| Net cash used in investing activities | −48 | −166 | −54 | −276 | −250 | |
| Proceeds from exercise of stock options | 0 | 0 | 2,000 | 2 | 2 | |
| Cash paid related to settlement of employee taxes related to RSU vesting | −9 | −12 | −16 | −23 | −23 | |
| Payment of cash dividends | −47 | −42 | −39 | −35 | −31 | |
| Proceeds from credit facility | 0 | 280 | 30 | 50 | 0 | |
| Repayment of credit facility | −3 | −32 | −50 | 0 | 0 | |
| Repurchase of treasury shares | 0 | −42 | −28 | −73 | −26 | |
| Payment of debt issuance costs | 0 | −2 | 0 | −619,000 | 0 | |
| Net cash (used in) / provided by financing activities | −59 | 150 | −103 | −79 | −78 | |
| Effect of foreign exchange rate changes on cash | 7 | −6 | 2 | −2 | −3 | |
| Net increase / (decrease) in cash and cash equivalents | 67 | 11 | −15 | −199 | −115 | |
| Cash paid for income taxes | 20 | 34 | 33 | 23 | 19 | |
| Cash paid for interest | 16 | 8 | 2 | 1 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Shutterstock, Inc.'s CIK number?
Shutterstock, Inc.'s SEC CIK number is 0001549346 (1549346). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Shutterstock, Inc.'s SEC filings?
All of Shutterstock, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Shutterstock, Inc. last report earnings?
Shutterstock, Inc. (SSTK) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001549346-26-000021). This is Shutterstock, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Shutterstock, Inc.'s most recent earnings 8-K?
Shutterstock, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001549346-26-000021. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Shutterstock, Inc.'s latest earnings 8-K →
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