Shutterstock, Inc. SSTK
Shutterstock, Inc. (referred to herein as the "Company", "we," "our," and "us") is a leading global creative platform connecting brands and businesses to high quality content.
Our platform brings together users and contributors of content by providing readily-searchable content that our customers pay to license and by compensating contributors as their content is licensed. Contributors upload their content to our web properties in exchange for royalty payments based on customer download activity. Beyond content, customers also leverage our platform to assist with the entire creative process from ideation through creative execution.
Digital content licensed to our customers for their creative needs includes images, footage, music, and 3D models (our "Content" offering). Our Content revenues represent the majority of our business and are supported by our searchable creative platform and driven by our large contributor network.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Europe
- Rest of the world
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| North America | $509.1M | $474.7M | $427.7M |
| Europe | $264.7M | $245.7M | $231.0M |
| Rest of the world | $216.2M | $214.9M | $215.8M |
As the company reported it, from the “Segment and Geographic Information - Schedule of Geographic Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $989.9M | $935.3M | $874.6M | $827.8M | $773.4M | $666.7M | $650.5M | $623.2M | $557.1M | $494.3M |
| Cost of revenue | $406.8M | $396.3M | $352.6M | $314.3M | $277.7M | $259.6M | $278.2M | $267.7M | $233.1M | $203.1M |
| Gross profit | $583.1M | $539.0M | $522.0M | $513.5M | $495.8M | $407.1M | $372.3M | $355.6M | $324.0M | $291.2M |
| R&D | $89.0M | $88.4M | $96.2M | $65.4M | $52.0M | $46.0M | $57.2M | $58.9M | $52.5M | $47.8M |
| SG&A | $198.0M | $159.1M | $142.6M | $132.6M | $130.8M | $116.6M | $113.2M | $97.8M | $98.7M | $71.0M |
| Total operating expenses | $914.9M | $866.6M | $806.2M | $734.2M | $665.3M | $581.4M | $630.4M | $590.8M | $530.8M | $448.5M |
| Operating income | $75.1M | $68.7M | $68.4M | $93.6M | $108.1M | $85.3M | $20.2M | $32.5M | $26.3M | $45.8M |
| Interest expense | $16.8M | $10.6M | $1.9M | $1.3M | — | — | — | — | — | — |
| Pre-tax income | $75.3M | $62.5M | $122.5M | $91.0M | $104.7M | $89.5M | $24.9M | $66.1M | $30.1M | $44.5M |
| Income tax | $29.8M | $26.6M | $12.2M | $14.9M | $12.9M | $17.8M | $4.8M | $11.4M | $13.4M | $11.9M |
| Net income | $45.5M | $35.9M | $110.3M | $76.1M | $91.9M | $71.8M | $20.1M | $54.7M | $16.7M | $32.6M |
| EPS, basic | 1.29 | 1.02 | 3.07 | 2.11 | 2.52 | 2.00 | 0.57 | 1.57 | 0.48 | 0.93 |
| EPS, diluted | 1.25 | 1.01 | 3.04 | 2.08 | 2.46 | 1.97 | 0.57 | 1.54 | 0.47 | 0.91 |
| Shares, diluted (wtd. avg.) | 36.3M | 35.7M | 36.2M | 36.5M | 37.3M | 36.4M | 35.6M | 35.4M | 35.3M | 35.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $178.2M | $111.3M | $100.5M | $115.2M | $314.0M | $428.6M | $305.9M | $233.5M | $256.0M | $226.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $55.0M |
| Receivables | $112.6M | $95.2M | $91.1M | $67.2M | $47.7M | $43.8M | $47.0M | $41.0M | $49.9M | $38.1M |
| Total current assets | $338.6M | $256.0M | $292.6M | $215.7M | $388.2M | $489.1M | $377.0M | $306.7M | $340.5M | $339.8M |
| Property, plant and equipment | $62.6M | $66.4M | $64.3M | $54.5M | $48.1M | $50.9M | $58.8M | $76.2M | $85.7M | $56.1M |
| Goodwill | $574.6M | $569.7M | $383.3M | $381.9M | $219.8M | $89.4M | $89.0M | $88.6M | $98.7M | $49.3M |
| Other intangibles | $215.7M | $248.5M | $184.4M | $173.1M | $123.8M | $25.8M | $26.7M | $29.5M | $34.2M | $30.2M |
| Total assets | $1.36B | $1.31B | $1.04B | $881.2M | $851.7M | $729.6M | $630.5M | $531.5M | $577.8M | $501.8M |
| Accounts payable | $13.9M | $9.2M | $9.1M | $7.2M | $10.1M | $2.4M | $6.1M | $7.2M | $7.2M | $7.3M |
| Short-term debt | $158.1M | $158.1M | $30.0M | $50.0M | $0 | — | — | — | — | — |
| Total current liabilities | $628.4M | $625.3M | $452.4M | $383.7M | $333.8M | $256.9M | $245.9M | $223.3M | $245.7M | $203.5M |
| Long-term debt | $116.6M | $119.6M | $0 | — | — | — | — | — | — | — |
| Total liabilities | $774.9M | $790.8M | $508.9M | $433.7M | $383.2M | $307.7M | $302.4M | $244.8M | $263.2M | $215.1M |
| Retained earnings | $335.2M | $336.2M | $342.7M | $271.1M | $229.5M | $168.3M | $121.2M | $101.1M | $145.1M | $129.1M |
| Total equity | $581.0M | $518.4M | $527.1M | $447.5M | $468.5M | $421.9M | $328.1M | $286.7M | $314.6M | $287.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $166.7M | $32.6M | $140.6M | $158.5M | $216.4M | $165.1M | $102.6M | $102.2M | $108.0M | $100.7M |
| Depreciation and amortisation | $90.9M | $87.6M | $79.7M | $68.5M | $48.8M | $41.4M | $49.9M | $45.7M | $35.5M | $19.9M |
| Stock-based compensation | $61.1M | $56.3M | $48.6M | $35.7M | $36.2M | $28.3M | $22.8M | $23.9M | $25.0M | $28.1M |
| Capital expenditure | $42.9M | $47.2M | $44.6M | $43.3M | $28.1M | $25.6M | $26.1M | $34.9M | $55.1M | $40.0M |
| Investing cash flow | -$47.8M | -$166.2M | -$54.3M | -$275.6M | -$250.4M | -$35.3M | -$27.2M | -$12.8M | -$57.4M | -$56.4M |
| Financing cash flow | -$59.1M | $150.1M | -$102.7M | -$79.5M | -$77.7M | -$4.6M | -$1.7M | -$109.7M | -$33.9M | -$53.1M |
| Dividends paid | $46.5M | $42.4M | $38.7M | $34.6M | $30.7M | $24.4M | $0 | $104.9M | $0 | $0 |
| Buybacks | $0 | $41.6M | $28.2M | $73.5M | $26.5M | $0 | $0 | $0 | $25.0M | $60.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001549346-26-000018.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $494.3M | $557.1M | $623.2M | $650.5M | $666.7M | $773.4M | $827.8M | $874.6M | $935.3M | $989.9M |
| Gross profit | $291.2M | $324.0M | $355.6M | $372.3M | $407.1M | $495.8M | $513.5M | $522.0M | $539.0M | $583.1M |
| Net income | $32.6M | $16.7M | $54.7M | $20.1M | $71.8M | $91.9M | $76.1M | $110.3M | $35.9M | $45.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7374
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|---|---|---|---|---|
| ADP | AUTOMATIC DATA PROCESSING INC | $120.83B | 27.8x | 6.7% |
| WDAY | Workday, Inc. | $51.49B | 81.1x | 13.1% |
| RDDT | Reddit, Inc. | $27.75B | 55.1x | 69.4% |
| VRSK | Verisk Analytics, Inc. | $25.66B | 30.2x | 6.6% |
| TOST | Toast, Inc. | $18.91B | 58.4x | 24.1% |
| HNGE | Hinge Health, Inc. | $8.81B | — | 50.6% |
| RNG | RingCentral, Inc. | $7.01B | 173.7x | 4.8% |
| PEGA | PEGASYSTEMS INC | $5.99B | 17.1x | 16.6% |