Shutterstock, Inc.

SSTK Communication Services Internet Content & Information

Shutterstock, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $989.9 million, up 5.84% from fiscal 2024.

Revenue
−33.1%
EPS
−1,507.9%
Free cash flow
−87.6%
Total debt
−12.0%

Quarter to September 2026, against a year earlier

3.27 0.20 +6.51%
Market cap
$113.4M
P/E
0.0×
Fwd P/E
−9.2×
Dividend yield
34.7%
F-score
8/9
Altman Z
1.52
Beneish M
−2.78
Dividend safety
53/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 31.47%

Capital & Financial Ratios $m

Size
Market Cap 113.43
Revenue ttm 815.09
Net income ttm (417.28)
Free cash flow ttm 30.63
Net debt Q 132.06
Valuation
P/E 0.00
Forward P/E (9.16) (negative: loss-making)
Price / sales 0.14
Forward P/S Powerpack
Price / FCF 10.54
Price / book 0.65
Financial health
Current ratio Q 0.47 (below 1: weak)
Debt / equity Q 1.41
Interest coverage Q (55.80)
Growth
Revenue growth Q −33.14% (below 0%: shrinking)
Operating income growth Q −712.63% (below 0%: shrinking)
EPS, this year −181.60% (below 0%: weak)
EPS, next year A +148.04% (at or above 15%: strong)
Revenue, next year A −20.84% (below 0%: weak)
EPS, past 5 yrs −8.70% (below 0%: weak)
EPS, next 5 yrs A −24.40% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 0.04%
10-year low 10-year high
P/B against its own 10 years 1.80%
10-year low 10-year high
EV/Sales against its own 10 years 0.04%
10-year low 10-year high
EV/FCF against its own 10 years 60.07%
10-year low 10-year high

Dividends raised every year since 2020

Yield
34.7%
Annual rate
1.05
Payout ratio
—
Growth, 2020–25
+14.2%/yr
  1. 0.68 ’20
  2. 0.84 ’21 +24
  3. 0.96 ’22 +14
  4. 1.08 ’23 +13
  5. 1.20 ’24 +11
  6. 1.32 ’25 +10
  7. 1.44 ’26e +9
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 100 111 178 110
Receivables 91 95 113 100
Inventory — — — —
Other — — — —
293 256 339 257
2023 2024 2025 Q'26
Payables 9 9 14 13
ST’ Debt 30 158 158 128
Other 24 25 19 15
452 625 628 543

Compound Annual Growth %

10y 5y 3y
Sales 8.82% 8.23% 6.14%
Cash Flow 6.72% 0.19% 1.70%
Earnings 8.81% (8.71%) (15.76%)
Book Value 7.25% 6.61% 9.10%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.34) (4.25) (5.35) — —
’25 0.53 0.82 0.37 (0.43) 1.25
’24 0.45 0.10 0.50 (0.04) 1.01
’23 0.90 1.37 0.79 (0.03) 3.04
’22 0.71 0.53 0.64 0.19 2.08
’21 0.79 0.79 0.43 0.45 2.46
’20 0.12 0.53 0.62 0.70 1.97
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 199 222 174 — —
’25 243 267 260 220 990
’24 214 220 251 250 935
’23 215 209 233 217 875
’22 199 207 204 218 828
’21 183 190 194 206 773
’20 161 159 165 181 667
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 17 1 18 — —
’25 25 27 78 36 167
’24 8 28 (12) 8 33
’23 67 30 10 34 141
’22 23 37 38 61 158
’21 36 71 55 55 216
’20 7 29 64 65 165
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 6 (9) 8 — —
’25 14 16 68 26 124
’24 (7) 19 (26) (5) (19)
’23 51 14 (12) 24 96
’22 10 21 13 32 95
’21 27 61 9 38 148
’20 (2) 22 57 57 135
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 494 557 623 651 667 773 828 875 935 990 815 +8.0% 784 721 686 (11.5%)
Gross margin, % 58.91 58.16 57.05 57.24 61.07 64.10 62.03 59.68 57.63 58.90 54.64 0.0 pt
EBT 44 30 66 25 90 105 91 122 63 75 (430) +6.0%
EBT margin, % 9.00 5.40 10.61 3.83 13.43 13.54 11.00 14.00 6.69 7.61 (52.81) (1.4) pt
Net income 33 17 55 20 72 92 76 110 36 45 (417) +3.8%
Per share, $
Per share, $ Revenue 14.08 16.09 17.84 18.44 18.60 21.18 22.97 24.38 26.47 28.05 22.04 +8.0%
Earnings 0.93 0.48 1.57 0.57 2.00 2.52 2.11 3.07 1.02 1.29 (11.39) +3.7%
Cash flow 2.87 3.12 2.93 2.91 4.61 5.93 4.40 3.92 0.92 4.72 1.96 +5.7%
Capex (1.37) (1.68) (1.11) (0.83) (0.85) (1.88) (1.76) (1.24) (1.45) (1.21) (1.13) (1.3%)
Free cash flow 1.50 1.44 1.82 2.08 3.76 4.05 2.63 2.67 (0.53) 3.51 0.83 +9.9%
Book value 8.16 9.09 8.21 9.30 11.77 12.83 12.42 14.69 14.67 16.46 4.64 +8.1%
Shares, m 35 35 35 35 36 37 36 36 35 35 36 +0.1%
Valuation, ×
Valuation, × P/E 51.10 90.58 22.90 76.57 36.03 44.00 25.46 15.50 30.05 14.58 0.00 40.7
P/S 3.38 2.70 2.02 2.33 3.85 5.23 2.34 1.95 1.15 0.68 0.14 2.6
P/B 5.82 4.79 4.39 4.61 6.09 8.64 4.33 3.24 2.07 1.16 0.65 4.5
EV/Sales 2.81 2.25 1.65 1.95 3.29 4.89 2.30 1.91 1.32 0.78 0.30 2.3
EV/FCF 26.36 25.04 16.18 17.30 16.28 27.80 25.09 27.54 (35.83) 7.42 22.97 15.3
Cash, $m
Cash, $m Operating cash flow 101 108 102 103 165 216 158 141 33 167 72 +5.8%
Capex (48) (58) (39) (29) (30) (69) (64) (45) (51) (43) (42) (1.3%)
Free cash flow 53 50 63 73 135 148 95 96 (19) 124 31 +10.0%
Balance, $m
Balance, $m Working capital 136 95 83 131 232 54 (168) (160) (369) (290) (286) n/m
Net debt (279) (253) (231) (246) (378) (269) (30) (70) 166 97 132 n/m
Shareholders’ equity 287 315 287 328 422 468 447 527 518 581 172 +8.2%
Returns, %
Returns, % ROA 6.72 3.10 9.86 3.46 10.55 11.62 8.78 11.50 3.06 3.41 (37.44) (3.3) pt
ROIC 379.83 26.93 36.34 15.41 120.93 33.82 14.00 9.36 6.27 6.92 (79.80) (372.9) pt
ROE 11.34 5.56 18.19 6.54 19.14 20.64 16.62 22.63 6.87 8.28 (108.97) (3.1) pt
People
People Employees 858 1,130 1,029 1,116 967 1,148 1,328 1,274 1,715 1,565 — +6.9%
Revenue/emp, $m 0.58 0.49 0.61 0.58 0.69 0.67 0.62 0.69 0.55 0.63 — +1.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Shutterstock, Inc. vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GIBO GIBO Holdings Limited $308.2M — — — — −71,813.51% (below 0%: shrinking) — — Compare
FVRR Fiverr International $302.3M 11.8× 31.2× −15.76% (below 0%: shrinking) −77.00% (below 0%: shrinking) −67.82% (below 0%: shrinking) 81.25% (0.73%) Compare
ANGI Angi Inc. $299.8M — (loss-making) — (loss-making) −8.89% (below 0%: shrinking) −86.29% (below 0%: shrinking) +192.66% (above 0%: growing) 95.60% 6.39% Compare
ZH Zhihu Inc. Sponsored ADR $208.9M — (loss-making) — (loss-making) +1.63% (above 0%: growing) n/m +68.08% (above 0%: growing) 57.01% (11.00%) Compare
DIBS 1stdibs.com, Inc. $203.0M — (loss-making) — (loss-making) +5.11% (above 0%: growing) n/m +292.69% (above 0%: growing) 73.18% (9.77%) Compare
SSTK Shutterstock, Inc. $113.4M — (loss-making) — (loss-making) −33.14% (below 0%: shrinking) n/m −87.57% (below 0%: shrinking) 51.86% (114.46%)
DOYU DouYu International Holdings Limited Sponsored ADR $113.3M — (loss-making) — (loss-making) −1.72% (below 0%: shrinking) n/m +59.89% (above 0%: growing) 16.21% (2.17%) Compare
TRVG Trivago N.V. ADS $83.0M 43.6× 132× +14.49% (above 0%: growing) −91.20% (below 0%: shrinking) −296.33% (below 0%: shrinking) 96.07% 5.23% Compare
BZFD BuzzFeed, Inc. $50.0M — (loss-making) — (loss-making) −21.78% (below 0%: shrinking) n/m +20.16% (above 0%: growing) 37.21% (28.42%) Compare
Median of peers $206.0M — — −1.72% −86.29% +40.03% 73.18% (2.17%)

All 68 Internet Content & Information stocks →

Pay and ownership Proxy statement filed 20 November 2025

Ownership

Directors and executive officers, together 32.30%
Jonathan Oringer 31.00%
Blackrock, Inc. 10.60%
The Vanguard Group 6.60%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Shutterstock, Inc. (SSTK) Latest News

5 Nov

Impact 3 · · Associated Press

10 Aug

Impact 3 · · Moby transcript

31 May

Impact 5 · · Insider Monkey

13 May

Impact 4 · · Reuters
stockrow.com/SSTK · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com