Shutterstock, Inc. (SSTK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 199.17M | 220.22M | 260.09M | 266.99M | 242.62M | 250.31M | 250.59M | 220.05M | 214.31M | 217.22M | 233.25M | 208.84M | 215.28M | 217.73M | 204.1M | 206.87M | 199.13M | 205.78M | 194.44M | 189.91M |
| Revenue Growth % | -17.91% | -12.02% | 3.79% | 21.33% | 13.21% | 15.23% | 7.43% | 5.37% | -0.45% | -0.23% | 14.28% | 0.95% | 8.11% | 5.8% | 4.97% | 8.93% | 8.65% | 13.73% | 17.68% | 19.27% |
| Cost of Goods Sold | 94.79M | 99.22M | 102.56M | 105.99M | 100.89M | 112.43M | 104.41M | 91.25M | 88.2M | 95.83M | 94.22M | 84.42M | 78.16M | 87.92M | 79.91M | 77.02M | 69.45M | 78.44M | 69.63M | 67.76M |
| COGS % of Revenue | 47.59% | 45.06% | 39.43% | 39.7% | 41.58% | 44.92% | 41.66% | 41.47% | 41.16% | 44.12% | 40.39% | 40.42% | 36.31% | 40.38% | 39.15% | 37.23% | 34.88% | 38.12% | 35.81% | 35.68% |
| Gross Profit | 104.38M | 121M | 157.54M | 161M | 141.73M | 137.87M | 146.18M | 128.8M | 126.11M | 121.39M | 139.03M | 124.42M | 137.12M | 129.8M | 124.19M | 129.85M | 129.68M | 127.35M | 124.81M | 122.16M |
| Gross Margin % | 52.41% | 54.94% | 60.57% | 60.3% | 58.42% | 55.08% | 58.34% | 58.53% | 58.84% | 55.88% | 59.61% | 59.58% | 63.69% | 59.62% | 60.85% | 62.77% | 65.12% | 61.88% | 64.19% | 64.32% |
| Gross Profit Growth % | -26.35% | -12.24% | 7.77% | 25% | 12.39% | 13.58% | 5.15% | 3.52% | -8.03% | -6.48% | 11.95% | -4.18% | 5.73% | 1.93% | -0.5% | 6.3% | 6.78% | 11.09% | 18.98% | 28.02% |
| Operating Expenses | 135.34M | 120.21M | 125.05M | 126.27M | 131.53M | 124.72M | 128.03M | 108.13M | 109.36M | 119.26M | 121.84M | 115.71M | 96.75M | 122.15M | 95.5M | 104.48M | 97.76M | 112.75M | 102.64M | 88.93M |
| OpEx % of Revenue | 67.95% | 54.59% | 48.08% | 47.29% | 54.21% | 49.83% | 51.09% | 49.14% | 51.03% | 54.9% | 52.23% | 55.41% | 44.94% | 56.1% | 46.79% | 50.5% | 49.09% | 54.79% | 52.79% | 46.83% |
| Selling, General & Admin | 115.93M | 99.14M | 95.59M | 105.51M | 111.67M | 105.83M | 99.42M | 88.27M | 86.92M | 95.82M | 93.74M | 86.49M | 81.34M | 86.38M | 77.97M | 87.32M | 84.14M | 97.03M | 89.07M | 76.94M |
| SG&A % of Revenue | 58.21% | 45.02% | 36.75% | 39.52% | 46.03% | 42.28% | 39.68% | 40.11% | 40.56% | 44.11% | 40.19% | 41.41% | 37.78% | 39.67% | 38.2% | 42.21% | 42.25% | 47.15% | 45.81% | 40.51% |
| Research & Development | 19.41M | 26.04M | 32.77M | 20.75M | 19.86M | 18.9M | 28.61M | 19.86M | 21.05M | 23.44M | 28.1M | 29.22M | 15.41M | 17.11M | 17.53M | 17.16M | 13.63M | 15.72M | 13.56M | 11.99M |
| R&D % of Revenue | 9.74% | 11.82% | 12.6% | 7.77% | 8.19% | 7.55% | 11.42% | 9.02% | 9.82% | 10.79% | 12.05% | 13.99% | 7.16% | 7.86% | 8.59% | 8.3% | 6.84% | 7.64% | 6.98% | 6.31% |
| Other Operating Expenses | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -30.95M | 786K | 32.49M | 34.73M | 10.2M | 13.15M | 18.15M | 20.67M | 16.75M | 2.12M | 17.19M | 8.71M | 40.37M | 7.65M | 28.68M | 25.37M | 31.92M | 14.59M | 22.17M | 33.23M |
| Operating Margin % | -15.54% | 0.36% | 12.49% | 13.01% | 4.2% | 5.25% | 7.24% | 9.39% | 7.81% | 0.98% | 7.37% | 4.17% | 18.75% | 3.51% | 14.05% | 12.27% | 16.03% | 7.09% | 11.4% | 17.49% |
| Operating Income Growth % | -403.44% | -94.02% | 79.02% | 68.06% | -39.08% | 518.97% | 5.57% | 137.13% | -58.52% | -72.22% | -40.07% | -65.65% | 26.48% | -47.6% | 29.39% | -23.63% | -16.27% | -47.11% | -24.46% | 47.37% |
| EBITDA | -8.25M | 23.52M | 44.97M | 57.34M | 4.28M | 36.43M | 39.79M | 42.07M | 38.01M | 22.48M | 38.39M | 27.92M | 59.27M | 26.28M | 46.94M | 41.88M | 46.98M | 29.63M | 35.66M | 43.38M |
| EBITDA Margin % | -4.14% | 10.68% | 17.29% | 21.48% | 1.76% | 14.56% | 15.88% | 19.12% | 17.74% | 10.35% | 16.46% | 13.37% | 27.53% | 12.07% | 23% | 20.25% | 23.59% | 14.4% | 18.34% | 22.84% |
| EBITDA Growth % | -292.67% | -35.44% | 13.01% | 36.31% | -88.73% | 62.07% | 3.65% | 50.66% | -35.87% | -14.47% | -18.22% | -33.34% | 26.14% | -11.31% | 31.65% | -3.44% | -2.54% | -21.67% | -8.8% | 29.89% |
| D&A (Non-Cash Add-back) | 22.7M | 22.73M | 12.48M | 22.61M | -5.92M | 23.29M | 21.64M | 21.4M | 21.26M | 20.36M | 21.2M | 19.21M | 18.9M | 18.64M | 18.26M | 16.51M | 15.06M | 15.04M | 13.49M | 10.15M |
| EBIT | -31.11M | 786K | 35.63M | 47.35M | 16.12M | 13.06M | 21.98M | 17.12M | 20.95M | 2.63M | 28.18M | 51.87M | 41.65M | 9.2M | 27.58M | 22.92M | 32.68M | 14.59M | 20.42M | 34.55M |
| Net Interest Income | -18.26M | -3.31M | -3.36M | -3.15M | -3.36M | -3.92M | -1.81M | -2.84M | 4.24M | 1.49M | 1.33M | 175K | -66K | -691K | -430K | -166K | 24K | 31K | 12K | 46K |
| Interest Income | 0 | 771K | 869K | 1.08M | 935K | 1.07M | 2.64M | -2.28M | 4.8M | 2.06M | 1.89M | 668K | 165K | 0 | 9K | 39K | 24K | 31K | 12K | 46K |
| Interest Expense | 18.26M | 4.08M | 4.23M | 4.22M | 4.3M | 4.99M | 4.45M | 561K | 562K | 570K | 562K | 493K | 231K | 691K | 439K | 205K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -18.42M | -20.41M | -1.09M | 8.4M | 10.22M | -5.08M | -622K | -4.11M | 3.64M | -64K | 10.42M | 42.67M | 1.04M | 862K | -1.55M | -2.66M | 758K | -482K | -1.75M | 1.32M |
| Pretax Income | -49.38M | -19.62M | 31.4M | 43.13M | 20.42M | 8.07M | 17.53M | 16.56M | 20.39M | 2.06M | 27.61M | 51.38M | 41.41M | 8.51M | 27.14M | 22.71M | 32.68M | 14.11M | 20.42M | 34.55M |
| Pretax Margin % | -24.79% | -8.91% | 12.07% | 16.15% | 8.42% | 3.22% | 6.99% | 7.53% | 9.51% | 0.95% | 11.84% | 24.6% | 19.24% | 3.91% | 13.3% | 10.98% | 16.41% | 6.86% | 10.5% | 18.19% |
| Income Tax | -1.81M | -3.6M | 18.02M | 13.69M | 1.73M | 9.5M | -88K | 12.94M | 4.27M | 3.07M | -806K | 1.37M | 8.57M | 1.46M | 4.1M | 3.27M | 6.1M | -2.77M | 4.39M | 5.09M |
| Effective Tax Rate % | 3.66% | 18.36% | 57.37% | 31.74% | 8.47% | 117.71% | -0.5% | 78.11% | 20.94% | 148.83% | -2.92% | 2.66% | 20.7% | 17.19% | 15.1% | 14.39% | 18.68% | -19.66% | 21.5% | 14.74% |
| Net Income | -47.57M | -16.02M | 13.39M | 29.44M | 18.69M | -1.43M | 17.61M | 3.63M | 16.12M | -1.01M | 28.42M | 50.01M | 32.84M | 7.05M | 23.04M | 19.45M | 26.57M | 16.89M | 16.03M | 29.45M |
| Net Margin % | -23.88% | -7.27% | 5.15% | 11.03% | 7.7% | -0.57% | 7.03% | 1.65% | 7.52% | -0.46% | 12.18% | 23.95% | 15.26% | 3.24% | 11.29% | 9.4% | 13.34% | 8.21% | 8.24% | 15.51% |
| Net Income Growth % | -354.54% | -1020.99% | -24% | 712.14% | 15.92% | -42.05% | -38.02% | -92.75% | -50.91% | -114.28% | 23.35% | 157.2% | 23.6% | -58.27% | 43.74% | -33.98% | -9.97% | -34.75% | -29.02% | 55.13% |
| Net Income (Continuing) | -47.57M | -16.02M | 13.39M | 29.44M | 18.69M | -1.43M | 17.61M | 3.63M | 16.12M | -1.01M | 28.42M | 50.01M | 32.84M | 7.05M | 23.04M | 19.45M | 26.57M | 16.89M | 16.03M | 29.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.34 | -0.43 | 0.37 | 0.82 | 0.53 | -0.04 | 0.50 | 0.10 | 0.45 | -0.03 | 0.79 | 1.37 | 0.90 | 0.19 | 0.64 | 0.53 | 0.71 | 0.45 | 0.43 | 0.79 |
| EPS Growth % | -352.83% | -975% | -26% | 720% | 17.78% | -41.84% | -36.71% | -92.7% | -50% | -114.84% | 23.44% | 158.49% | 26.76% | -57.78% | 48.84% | -32.91% | -10.13% | -37.5% | -30.65% | 49.06% |
| EPS (Basic) | -1.34 | -0.45 | 0.38 | 0.84 | 0.54 | -0.04 | 0.50 | 0.10 | 0.45 | -0.03 | 0.79 | 1.39 | 0.92 | 0.20 | 0.64 | 0.54 | 0.73 | 0.46 | 0.44 | 0.81 |
| Diluted Shares Outstanding | 35.54M | 37.13M | 36.64M | 35.96M | 35.32M | 35.66M | 35.47M | 35.98M | 36.07M | 35.7M | 36.08M | 36.41M | 36.58M | 36.15M | 36.27M | 36.58M | 37.2M | 37.44M | 37.42M | 37.19M |
| Basic Shares Outstanding | 35.54M | 35.52M | 35.48M | 35.26M | 34.89M | 35.33M | 35.17M | 35.7M | 35.59M | 35.7M | 35.91M | 36.05M | 35.86M | 35.82M | 35.93M | 36.12M | 36.3M | 36.51M | 36.62M | 36.57M |
| Dividend Payout Ratio | - | - | 87.39% | 39.48% | 61.54% | - | 60.24% | 294.18% | 66.14% | - | 33.91% | 19.44% | 29.42% | 121.84% | 37.47% | 44.56% | 32.76% | 45.31% | 47.93% | 26.04% |