Shutterstock, Inc. (SSTK) Financial Statements (2025 and earlier)

Company Profile

Business Address 350 FIFTH AVENUE
NEW YORK, NY 10118
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111,251100,490115,154314,017428,574303,261
Cash and cash equivalent111,251100,490115,154314,017428,574303,261
Receivables95,22591,13967,24947,70743,84647,016
Other undisclosed current assets49,482100,94433,26826,49116,65026,703
Total current assets:255,958292,573215,671388,215489,070376,980
Noncurrent Assets
Operating lease, right-of-use asset13,95615,39517,59334,57039,55245,453
Property, plant and equipment66,40064,30054,54848,07450,90658,834
Intangible assets, net (including goodwill)818,145567,721555,007343,638115,178115,643
Goodwill569,668383,325381,920219,81689,41388,974
Intangible assets, net (excluding goodwill)248,477184,396173,087123,82225,76526,669
Deferred income tax assets70,98224,87416,53310,51213,56614,387
Other noncurrent assets83,71571,15221,83226,70121,37219,215
Total noncurrent assets:1,053,198743,442665,513463,495240,574253,532
TOTAL ASSETS:1,309,1561,036,015881,184851,710729,644630,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities135,864140,55196,570109,62170,35159,968
Accounts payable9,2219,1087,18310,0922,4426,104
Accrued liabilities126,643131,44389,38799,52967,90953,864
Deferred revenue225,489203,463187,070180,979149,843141,922
Debt158,10630,00050,000  9,573
Other liabilities24,75123,51311,44514,18010,39918,811
Other undisclosed current liabilities81,07654,85938,64929,00426,33615,620
Total current liabilities:625,286452,386383,734333,784256,929245,894
Noncurrent Liabilities
Long-term debt and lease obligation119,598  36,96641,62047,313
Long-term debt, excluding current maturities119,598     
Liabilities, other than long-term debt45,92256,53549,96812,4789,1709,160
Deferred income tax liabilities2,1744,1824,4652,781  
Other liabilities20,38322,9499,8929,6979,1709,160
Operating lease, liability23,36529,40435,61136,96641,62047,313
Total noncurrent liabilities:165,52056,53549,96849,44450,79056,473
Total liabilities:790,806508,921433,702383,228307,719302,367
Equity
Equity, attributable to parent518,350527,094447,482468,482421,925328,145
Common stock403399396392389381
Treasury stock, value(269,804)(228,213)(200,008)(127,196)(100,027)(100,027)
Additional paid in capital468,390424,229391,482376,537360,939312,824
Accumulated other comprehensive loss(16,841)(11,974)(15,439)(10,788)(7,681)(6,220)
Retained earnings336,202342,653271,051229,537168,305121,187
Total equity:518,350527,094447,482468,482421,925328,145
TOTAL LIABILITIES AND EQUITY:1,309,1561,036,015881,184851,710729,644630,512

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues935,262874,587827,826773,415666,686650,523
Cost of revenue
(Cost of Product and Service Sold)
(396,297)(352,630)(314,306)(277,659)(259,573)(278,176)
Gross profit:538,965521,957513,520495,756407,113372,347
Operating expenses(470,257)(453,557)(419,896)(387,650)(321,847)(352,192)
Operating income:68,70868,40093,624108,10685,26620,155
Nonoperating income (expense)4,401879(2,587)(3,370)4,2574,761
Gain (loss), foreign currency transaction, before tax  879(1,338)(3,303)3,067540
Other nonoperating income (expense)4,401 87(204)  
Interest and debt expense(10,561)     
Income from continuing operations before equity method investments, income taxes:62,54869,27991,037104,73689,52324,916
Other undisclosed income (loss) from continuing operations before income taxes 53,189    
Income from continuing operations before income taxes:62,548122,46891,037104,73689,52324,916
Income tax expense(26,616)(12,199)(14,934)(12,853)(17,757)(4,808)
Income from continuing operations:35,932110,26976,10391,88371,76620,108
Income before gain (loss) on sale of properties:91,88371,76620,108
Net income available to common stockholders, diluted:35,932110,26976,10391,88371,76620,108

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:35,932110,26976,10391,88371,76620,108
Comprehensive income:35,932110,26976,10391,88371,76620,108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,867)3,465(4,651)(3,107)(1,461)251
Comprehensive income, net of tax, attributable to parent:31,065113,73471,45288,77670,30520,359

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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