Shutterstock (SSTK) Financial Statements

Price: $17.79
Market Cap: $620.76M
Avg Volume: 671.49K
Country: US
Industry: Internet Content & Information
Sector: Communication Services
Beta: 1.119
52W Range: $17.57-46.46
Website: Shutterstock

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Shutterstock.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$1.00B$1.00B$800.00M$800.00M$600.00M$600.00M$400.00M$400.00M$200.00M$200.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Operating Expenses
Operating Income
Operating Expenses & Income$500.00M$500.00M$400.00M$400.00M$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.00-$100.00M-$100.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Revenue $935.26M $874.59M $827.83M $773.41M $666.69M $650.52M $623.25M $557.11M $494.32M $425.15M
Cost of Revenue $396.30M $352.63M $314.31M $277.66M $259.57M $278.18M $267.67M $233.10M $203.13M $174.53M
Gross Profit $538.97M $521.96M $513.52M $495.76M $407.11M $372.35M $355.58M $324.01M $291.19M $250.62M
Gross Profit Ratio 57.63% 59.70% 62.03% 64.10% 61.07% 57.24% 57.05% 58.16% 58.91% 58.95%
Research and Development Expenses $88.42M $96.16M $65.43M $52.01M $46.04M $57.22M $58.90M $52.49M $47.79M $41.32M
General and Administrative Expenses $159.14M $142.65M $132.64M $130.76M $116.57M $113.25M $97.78M $98.71M $70.99M $61.65M
Selling and Marketing Expenses $222.70M $214.75M $203.15M $204.88M $159.24M $181.73M $166.45M $146.46M $126.63M $106.64M
Selling General and Administrative Expenses $381.84M $357.39M $335.80M $335.64M $275.81M $294.98M $264.23M $245.17M $197.61M $168.28M
Other Expenses $- $- $-2.59M $-3.37M $- $4.76M $-4.95M $3.73M $-1.29M $-6.75M
Operating Expenses $470.26M $453.56M $401.23M $387.65M $321.85M $352.19M $323.13M $297.66M $245.40M $209.60M
Cost and Expenses $866.55M $803.19M $715.54M $665.31M $581.42M $630.37M $590.80M $530.76M $448.53M $384.13M
Interest Income $6.23M $4.78M $1.34M $137.00K $1.19M $4.22M $2.74M $891.00K $149.00K $27.00K
Interest Expense $10.56M $1.86M $1.34M $67.00K $- $- $- $- $- $-
Depreciation and Amortization $87.63M $79.73M $68.47M $48.77M $41.36M $49.91M $45.65M $35.49M $19.95M $14.84M
EBITDA $160.74M $204.05M $160.84M $153.51M $126.62M $70.07M $78.10M $61.84M $65.73M $55.86M
EBITDA Ratio 17.19% 23.33% 24.09% 20.28% 18.53% 3.10% -0.99% 4.73% 9.26% 9.65%
Operating Income $68.71M $68.40M $130.95M $108.11M $85.27M $-29.76M $32.45M $26.35M $45.79M $41.02M
Operating Income Ratio 7.35% 7.82% 15.82% 13.98% 12.79% -4.57% 5.21% 4.73% 9.26% 9.65%
Total Other Income Expenses Net $-6.16M $54.07M $-2.59M $-3.37M $4.26M $4.76M $33.66M $3.73M $-1.29M $-6.75M
Income Before Tax $62.55M $122.47M $91.04M $104.74M $89.52M $24.92M $66.11M $30.08M $44.50M $34.27M
Income Before Tax Ratio 6.69% 14.00% 11.00% 13.54% 13.43% 3.83% 10.61% 5.40% 9.00% 8.06%
Income Tax Expense $26.62M $12.20M $14.93M $12.85M $17.76M $4.81M $11.43M $13.35M $11.87M $14.72M
Net Income $35.93M $110.27M $76.10M $91.88M $71.77M $20.11M $54.69M $16.73M $32.63M $19.55M
Net Income Ratio 3.84% 12.61% 9.19% 11.88% 10.76% 3.09% 8.77% 3.00% 6.60% 4.60%
EPS $1.02 $3.07 $2.11 $2.52 $2.00 $0.57 $1.57 $0.48 $0.93 $0.54
EPS Diluted $1.01 $3.04 $2.08 $2.46 $1.97 $0.57 $1.54 $0.47 $0.91 $0.54
Weighted Average Shares Outstanding 35.33M 35.88M 36.04M 36.51M 35.84M 35.28M 34.94M 34.63M 35.11M 35.88M
Weighted Average Shares Outstanding Diluted 35.66M 36.24M 36.55M 37.32M 36.37M 35.58M 35.42M 35.29M 35.86M 36.32M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$1.50B$1.50B$1.20B$1.20B$900.00M$900.00M$600.00M$600.00M$300.00M$300.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Equity$600.00M$600.00M$500.00M$500.00M$400.00M$400.00M$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Cash and Cash Equivalents $111.25M $100.49M $115.15M $314.02M $428.57M $303.26M $230.85M $253.43M $224.19M $241.30M
Short Term Investments $- $- $- $- $- $- $- $- $54.97M $47.08M
Cash and Short Term Investments $111.25M $100.49M $115.15M $314.02M $428.57M $303.26M $230.85M $253.43M $279.16M $288.38M
Net Receivables $95.22M $91.14M $67.25M $47.71M $43.85M $47.02M $41.03M $49.93M $38.11M $28.46M
Inventory $- $1 $- $1 $1 $1 $- $1 $- $-
Other Current Assets $49.48M $100.94M $33.27M $26.49M $33.30M $53.41M $69.68M $74.22M $45.14M $23.43M
Total Current Assets $255.96M $292.57M $215.67M $388.21M $489.07M $376.98M $306.72M $340.47M $339.84M $335.68M
Property Plant Equipment Net $80.36M $79.69M $72.14M $82.64M $90.46M $104.29M $76.19M $85.70M $56.10M $32.09M
Goodwill $569.67M $383.32M $381.92M $219.82M $89.41M $88.97M $88.58M $98.65M $49.27M $50.93M
Intangible Assets $248.48M $184.40M $173.09M $123.82M $25.77M $26.67M $29.54M $34.20M $30.16M $29.78M
Goodwill and Intangible Assets $818.14M $567.72M $555.01M $343.64M $115.18M $115.64M $118.12M $132.85M $79.43M $80.72M
Long Term Investments $- $20.00M $20.00M $20.00M $20.00M $2.61M $15.00M $2.60M $2.60M $1.80M
Tax Assets $70.98M $24.87M $16.53M $10.51M $13.57M $14.39M $12.38M $9.76M $23.01M $18.69M
Other Non-Current Assets $83.72M $51.15M $1.83M $6.70M $1.37M $16.60M $3.09M $6.40M $798.00K $146.00K
Total Non-Current Assets $1.05B $743.44M $665.51M $463.50M $240.57M $253.53M $224.77M $237.31M $161.94M $133.45M
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $1.31B $1.04B $881.18M $851.71M $729.64M $630.51M $531.49M $577.78M $501.78M $469.12M
Account Payables $9.22M $9.11M $7.18M $10.09M $2.44M $6.10M $7.21M $7.16M $7.30M $6.82M
Short Term Debt $- $- $50.00M $- $- $- $- $- $- $-
Tax Payables $43.17M $23.70M $24.39M $21.49M $17.16M $11.73M $13.50M $14.46M $14.30M $953.00K
Deferred Revenue $225.49M $203.46M $187.07M $180.98M $149.84M $141.92M $139.60M $157.80M $122.23M $98.24M
Other Current Liabilities $347.40M $216.11M $115.09M $121.22M $87.48M $86.13M $62.98M $66.32M $59.65M $54.78M
Total Current Liabilities $625.29M $452.39M $383.73M $333.78M $256.93M $245.89M $223.30M $245.74M $203.50M $160.78M
Long Term Debt $142.96M $29.40M $71.22M $73.93M $83.24M $94.63M $- $- $- $-
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $7.30M
Deferred Tax Liabilities Non-Current $2.17M $4.18M $4.46M $2.78M $- $- $77.00K $1.49M $2.15M $3.78M
Other Non-Current Liabilities $20.38M $22.95M $-25.72M $-27.27M $-32.45M $-38.15M $21.44M $15.96M $9.44M $15.99M
Total Non-Current Liabilities $165.52M $56.53M $49.97M $49.44M $50.79M $56.47M $21.52M $17.45M $11.59M $19.77M
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $790.81M $508.92M $433.70M $383.23M $307.72M $302.37M $244.82M $263.19M $215.08M $180.56M
Preferred Stock $- $- $- $- $- $- $471.00K $- $- $-
Common Stock $403.00K $399.00K $396.00K $392.00K $389.00K $381.00K $376.00K $373.00K $369.00K $361.00K
Retained Earnings $336.20M $342.65M $271.05M $229.54M $168.31M $121.19M $101.08M $145.14M $129.06M $96.44M
Accumulated Other Comprehensive Income Loss $-16.84M $-11.97M $-15.44M $-10.79M $-7.68M $-6.22M $-6.47M $-3.56M $-17.06M $-6.45M
Other Total Stockholders Equity $198.59M $196.02M $191.47M $249.34M $260.91M $212.80M $191.68M $172.63M $174.32M $198.22M
Total Stockholders Equity $518.35M $527.09M $447.48M $468.48M $421.93M $328.14M $286.67M $314.58M $286.70M $288.56M
Total Equity $518.35M $527.09M $447.48M $468.48M $421.93M $328.14M $286.67M $314.58M $286.70M $288.56M
Total Liabilities and Stockholders Equity $1.31B $1.04B $881.18M $851.71M $729.64M $630.51M $531.49M $577.78M $501.78M $469.12M
Minority Interest $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $1.31B $1.04B $881.18M $851.71M $729.64M $630.51M $531.49M $577.78M $501.78M $469.12M
Total Investments $- $20.00M $20.00M $20.00M $20.00M $2.61M $15.00M $2.60M $54.97M $47.08M
Total Debt $142.96M $59.40M $85.61M $36.97M $41.62M $47.31M $- $- $- $-
Net Debt $31.71M $-41.09M $-29.54M $-277.05M $-386.95M $-255.95M $-230.85M $-253.43M $-224.19M $-241.30M

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.00-$100.00M-$100.00M-$200.00M-$200.00M-$300.00M-$300.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Financing Cash Flow$180.00M$180.00M$120.00M$120.00M$60.00M$60.00M$0.00$0.00-$60.00M-$60.00M-$120.00M-$120.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Net Income $35.93M $110.27M $76.10M $91.88M $71.77M $20.11M $54.69M $16.73M $32.63M $19.55M
Depreciation and Amortization $87.63M $79.73M $68.47M $48.77M $41.36M $49.91M $45.65M $35.49M $19.95M $14.84M
Deferred Income Tax $-10.96M $-26.18M $-10.59M $-1.77M $1.02M $-2.02M $-6.27M $12.49M $1.77M $-4.84M
Stock Based Compensation $56.33M $48.58M $35.74M $36.18M $28.31M $22.82M $23.87M $24.96M $28.08M $28.86M
Change in Working Capital $-132.09M $-23.48M $-33.64M $41.17M $20.04M $11.75M $15.82M $23.33M $14.05M $20.88M
Accounts Receivables $4.94M $-24.41M $-22.11M $-4.09M $513.00K $-6.17M $2.64M $-10.02M $-13.23M $-10.68M
Inventory $- $-20.89M $- $-12.29M $10.85M $6.41M $3.13M $-7.42M $-8.47M $6.74M
Accounts Payables $-48.60M $20.89M $-24.33M $34.44M $8.59M $8.36M $6.39M $12.04M $10.78M $2.24M
Other Working Capital $-88.43M $929.00K $12.80M $23.11M $89.00K $3.14M $3.66M $28.72M $24.97M $22.58M
Other Non Cash Items $-4.19M $-48.37M $22.36M $137.00K $2.58M $84.00K $-31.56M $-4.96M $4.67M $6.04M
Net Cash Provided by Operating Activities $32.65M $140.55M $158.45M $216.37M $165.07M $102.65M $102.20M $108.04M $101.15M $85.33M
Investments in Property Plant and Equipment $-47.22M $-44.65M $-60.12M $-37.00M $-28.60M $-29.43M $-38.73M $-58.02M $-48.00M $-16.98M
Acquisitions Net $-179.07M $-53.72M $-211.84M $-181.61M $-1.85M $2.50M $40.96M $-49.57M $- $-62.38M
Purchases of Investments $- $- $- $- $-5.00M $-309.00K $-15.06M $-5.09M $-9.19M $-270.55M
Sales Maturities of Investments $- $- $- $- $140.00K $309.00K $- $55.32M $- $278.35M
Other Investing Activities $60.12M $44.05M $-3.59M $-31.83M $-1.71M $-309.00K $-15.06M $50.23M $-9.19M $-288.00K
Net Cash Used for Investing Activities $-166.17M $-54.32M $-275.55M $-250.44M $-35.31M $-27.23M $-12.83M $-57.37M $-57.19M $-71.85M
Debt Repayment $248.44M $-20.00M $50.00M $- $- $- $- $- $- $-
Common Stock Issued $- $- $- $- $23.15M $5.37M $2.45M $- $1.80M $1.87M
Common Stock Repurchased $-41.59M $-28.20M $-73.49M $-26.49M $- $-7.06M $-7.27M $-24.98M $-60.23M $-14.81M
Dividends Paid $-42.38M $-38.67M $-34.59M $-30.65M $-24.40M $- $-104.92M $- $- $-
Other Financing Activities $-14.37M $-15.83M $-21.41M $-20.58M $-3.34M $-1.70M $-4.81M $-8.91M $4.89M $8.88M
Net Cash Used Provided by Financing Activities $150.10M $-102.70M $-79.49M $-77.72M $-4.59M $-1.70M $-109.74M $-33.89M $-53.53M $-4.06M
Effect of Forex Changes on Cash $-5.81M $1.80M $-2.28M $-2.77M $-2.48M $-1.31M $-2.21M $12.45M $-7.54M $-1.57M
Net Change in Cash $10.76M $-14.66M $-198.86M $-114.56M $122.70M $72.41M $-22.58M $29.24M $-17.11M $7.85M
Cash at End of Period $111.25M $100.49M $115.15M $314.02M $428.57M $305.87M $233.47M $253.43M $224.19M $241.30M
Cash at Beginning of Period $100.49M $115.15M $314.02M $428.57M $305.87M $233.47M $256.04M $224.19M $241.30M $233.45M
Operating Cash Flow $32.65M $140.55M $158.45M $216.37M $165.07M $102.65M $102.20M $108.04M $101.15M $85.33M
Capital Expenditure $-47.22M $-44.65M $-60.12M $-37.00M $-28.60M $-29.43M $-38.73M $-58.02M $-48.00M $-16.98M
Free Cash Flow $-14.57M $84.81M $98.33M $179.37M $136.47M $73.22M $63.47M $50.01M $53.14M $68.35M