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SSTK

Shutterstock, Inc.

SSTK

Shutterstock, Inc. • NYSE
$20.82 ▲ 0.34% (+0.07)
Market Cap $739.42 M
52w High $38.80
52w Low $14.35
Dividend Yield 0.99%
P/E 12.39
Volume 60.91K
Outstanding Shares 35.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $260.094M ▼ $125.045M ▼ $13.387M ▼ 5.147% ▼ $0.38 ▼ $48.106M ▼
Q2-2025 $266.99M ▲ $126.265M ▼ $29.44M ▲ 11.027% ▲ $0.84 ▲ $69.966M ▲
Q1-2025 $242.62M ▼ $131.531M ▲ $18.688M ▲ 7.703% ▲ $0.54 ▲ $10.201M ▼
Q4-2024 $250.306M ▼ $124.725M ▼ $-1.429M ▼ -0.571% ▼ $-0.04 ▼ $36.345M ▼
Q3-2024 $250.588M $128.034M $17.615M 7.029% $0.5 $43.621M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $165.536M ▲ $1.376B ▼ $781.238M ▼ $594.361M ▲
Q2-2025 $116.41M ▲ $1.376B ▲ $790.288M ▲ $586.163M ▲
Q1-2025 $112.231M ▲ $1.324B ▲ $777.038M ▼ $547.18M ▲
Q4-2024 $111.251M ▼ $1.309B ▼ $790.806M ▼ $518.35M ▼
Q3-2024 $131.393M $1.349B $825.926M $522.915M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.387M ▼ $78.39M ▲ $-11.239M ▲ $-16.572M ▼ $49.126M ▲ $66.819M ▲
Q2-2025 $29.44M ▲ $26.836M ▲ $-14.965M ▼ $-13.878M ▲ $4.179M ▲ $15.524M ▲
Q1-2025 $18.688M ▲ $25.247M ▲ $-11.234M ▼ $-15.821M ▼ $980K ▲ $14.439M ▲
Q4-2024 $-1.429M ▼ $7.966M ▲ $-10.048M ▲ $-12.46M ▼ $-20.142M ▼ $-2.508M ▲
Q3-2024 $17.615M $-11.585M $-147.893M $213.334M $56.522M $-26.998M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
ECommerce
ECommerce
 $200.00M ▲$200.00M ▲$200.00M ▲$190.00M ▼
Enterprise
Enterprise
 $50.00M ▲$40.00M ▼$70.00M ▲$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, and gross profit has broadly kept pace, which suggests the core content and subscription businesses remain healthy. However, profitability is under some pressure: operating income has flattened out, and overall earnings dropped sharply in the most recent year after a strong prior year. This pattern hints that integration costs, higher spending on AI and acquisitions, or mix shifts may be weighing on margins even as the top line continues to expand. Overall, the business is growing, but earnings quality looks more volatile than before.

Balance Sheet

Balance Sheet The balance sheet shows a company that has scaled up, with total assets rising meaningfully over time, helped by acquisitions and platform investments. Equity has grown gradually, which is a positive sign, but debt has jumped recently after being relatively modest for years. At the same time, cash levels are lower than earlier in the period. The result is a capital structure that is now more leveraged and somewhat less liquid, which increases financial risk and makes it more important that new investments and acquisitions deliver the expected returns.

Cash Flow

Cash Flow Historically, Shutterstock generated solid cash from operations and consistent free cash flow, which is what you’d like to see from a mature digital content platform. In the most recent year, however, operating cash flow fell sharply and free cash flow turned slightly negative, driven by weaker cash earnings and higher investment spending. This shift suggests a transition phase where cash is being reinvested heavily into AI initiatives and acquisitions, but it also reduces the near‑term financial cushion and raises the bar for successful execution.

Competitive Edge

Competitive Edge Shutterstock holds a strong position in the visual content market, supported by a huge, diversified library, established relationships with creators, and a growing enterprise customer base. Its focus on ethical, legally safe AI and indemnified generative content is a clear differentiator versus more informal or unlicensed sources. Acquisitions like Giphy and Envato deepen its reach into social and creator communities and broaden its product set. At the same time, competition from large tech platforms, other stock providers, and open‑source AI tools remains intense, and the proposed merger with Getty, if completed, would both strengthen scale and invite regulatory and integration challenges.

Innovation and R&D

Innovation and R&D Innovation is heavily centered on AI, with Shutterstock moving from a stock content marketplace toward an end‑to‑end creative platform. Its text‑to‑image tools, AI‑driven workflows, and data licensing for AI training give it multiple ways to participate in the generative content boom. The TRUST framework and focus on licensed training data help address legal concerns that many rivals still face. Acquisitions of AI‑focused firms, plus platforms like Envato and Giphy, expand the toolkit and user base but also increase execution risk: integrating technologies, cultures, and monetization models will be critical. Overall, Shutterstock is leaning into innovation aggressively, which is promising but also costly and operationally complex.

Summary

Shutterstock is in the middle of a strategic evolution: revenue and gross profit are trending upward, but earnings and cash flow have become choppier as the company invests heavily in AI and integrates major acquisitions. The balance sheet has more leverage and less cash than a few years ago, raising the importance of disciplined capital allocation. Competitively, Shutterstock benefits from scale, brand, and an increasingly differentiated AI and enterprise offering, with the potential merger with Getty and continued AI advances as major swing factors. The long‑term opportunity in ethical, commercially safe AI content and data licensing is significant, but it comes with heightened regulatory, competitive, and execution risks that will likely drive results in the coming years.

NEWS

November 5, 2025 · 7:30 AM UTC

Shutterstock Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 6:24 AM UTC

UK Competition and Markets Authority Refers Proposed Merger of Shutterstock and Getty Images for Phase 2 Review

Read more

November 3, 2025 · 6:21 AM UTC

UK Competition and Markets Authority Refers Proposed Merger of Getty Images and Shutterstock for Phase 2 Review

Read more

October 23, 2025 · 3:00 PM UTC

Is Creative Impact in Crisis? New Data Shows Why Consumer Connection is Falling, Despite Rise in Marketing Spend

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October 20, 2025 · 7:03 AM UTC

UK Competition and Markets Authority to Refer Proposed Merger of Shutterstock and Getty Images for Phase 2 Review

Read more