Friday 6 November 2026
Export SSTK’s income statement to Excel — free account
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%
Follow SSTK
Alert me
Target Price Range
Analyst price targets
Free accountTen 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
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%) |
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