Shutterstock, Inc.SSTKEarnings & Financial Report
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
Revenue
$242.6M
Gross Profit
$141.7M
Operating Profit
$10.2M
Net Profit
$18.7M
Gross Margin
58.4%
Operating Margin
4.2%
Net Margin
7.7%
YoY Growth
13.2%
EPS
$0.53
Shutterstock, Inc. Q1 FY2025 Financial Summary
Shutterstock, Inc. reported revenue of $242.6M (up 13.2% YoY) for Q1 FY2025, with a net profit of $18.7M (up 15.9% YoY) (7.7% margin). Cost of goods sold was $100.9M, operating expenses totaled $131.5M.
Key Financial Metrics
| Total Revenue | $242.6M |
|---|---|
| Net Profit | $18.7M |
| Gross Margin | 58.4% |
| Operating Margin | 4.2% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Shutterstock, Inc. Q1 FY2025 revenue of $242.6M breaks down across 2 segments, led by E Commerce at $202.9M (83.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| E Commerce | $202.9M | 83.6% |
| Enterprise | $39.7M | 16.4% |
Shutterstock, Inc. Revenue by Segment — Quarterly Trend
Shutterstock, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as E Commerce and Enterprise) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| E Commerce | — | $194.4M | $199.8M | $202.9M |
| Enterprise | — | $65.7M | $67.2M | $39.7M |
Shutterstock, Inc. Annual Revenue by Year
Shutterstock, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $989.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $989.9M |
| 2024 | $935.3M |
| 2023 | $874.6M |
| 2022 | $827.8M |
Shutterstock, Inc. Quarterly Revenue & Net Profit History
Shutterstock, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $220.2M | -12.0% | $-16.0M | -7.3% |
| Q3 FY2025 | $260.1M | +3.8% | $13.4M | 5.1% |
| Q2 FY2025 | $267.0M | +21.3% | $29.4M | 11.0% |
| Q1 FY2025 | $242.6M | +13.2% | $18.7M | 7.7% |
| Q4 FY2024 | $250.3M | +15.2% | $-1.4M | -0.6% |
| Q3 FY2024 | $250.6M | +7.4% | $17.6M | 7.0% |
| Q2 FY2024 | $220.1M | +5.4% | $3.6M | 1.6% |
| Q1 FY2024 | $214.3M | -0.4% | $16.1M | 7.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $214.3M | $220.1M | $250.6M | $250.3M | $242.6M | $267.0M | $260.1M | $220.2M |
| YoY Growth | -0.4% | 5.4% | 7.4% | 15.2% | 13.2% | 21.3% | 3.8% | -12.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.03B | $1.00B | $1.35B | $1.31B | $1.32B | $1.38B | $1.38B | $1.36B |
| Liabilities | $487.2M | $483.5M | $825.9M | $790.8M | $777.0M | $790.3M | $781.2M | $774.9M |
| Equity | $541.3M | $520.4M | $522.9M | $518.4M | $547.2M | $586.2M | $594.4M | $581.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $8.3M | $28.0M | $-11.6M | $8.0M | $25.2M | $26.8M | $78.4M | $36.2M |