Shutterstock, Inc. (SSTK)

Shutterstock Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	935.26	874.59	827.83	773.42	666.69
Revenue Growth (YoY)	6.94%	5.65%	7.03%	16.01%	2.48%
Cost of Revenue	396.3	348.33	314.31	277.66	258.37
Gross Profit	538.97	526.26	513.52	495.76	408.31
Selling, General & Admin	373.34	348	331.5	332.04	272.71
Research & Development	88.42	75.26	65.43	52.01	46.04
Operating Expenses	461.76	423.26	396.93	384.05	318.75
Operating Income	77.21	103	116.59	111.71	89.57
Interest Expense	-10.56	-1.86	-1.34	-	-
Interest & Investment Income	6.23	4.79	0.09	-	1.2
Currency Exchange Gain (Loss)	-1.83	0.88	-1.34	-3.3	3.07
Other Non Operating Income (Expenses)	-	-	-	-0.07	-0.01
EBT Excluding Unusual Items	71.05	106.81	114	108.34	93.82
Merger & Restructuring Charges	-8.5	-3	-4.3	-3.6	-
Asset Writedown	-	-	-18.66	-	-
Other Unusual Items	-	18.66	-	-	-4.3
Pretax Income	62.55	122.47	91.04	104.74	89.52
Income Tax Expense	26.62	12.2	14.93	12.85	17.76
Net Income	35.93	110.27	76.1	91.88	71.77
Net Income to Common	35.93	110.27	76.1	91.88	71.77
Net Income Growth	-67.41%	44.89%	-17.17%	28.03%	256.90%
Shares Outstanding (Basic)	35	36	36	37	36
Shares Outstanding (Diluted)	36	36	37	37	36
Shares Change (YoY)	-1.61%	-0.83%	-2.08%	2.63%	2.21%
EPS (Basic)	1.02	3.07	2.11	2.52	2.00
EPS (Diluted)	1.01	3.04	2.08	2.46	1.97
EPS Growth	-66.78%	46.15%	-15.45%	24.87%	245.69%
Free Cash Flow	-14.57	95.91	111.74	156.61	137.59
Free Cash Flow Per Share	-0.41	2.65	3.06	4.20	3.78
Dividend Per Share	1.200	1.080	0.960	0.840	0.680
Dividend Growth	11.11%	12.50%	14.29%	23.53%	-
Gross Margin	57.63%	60.17%	62.03%	64.10%	61.25%
Operating Margin	8.25%	11.78%	14.08%	14.44%	13.44%
Profit Margin	3.84%	12.61%	9.19%	11.88%	10.76%
Free Cash Flow Margin	-1.56%	10.97%	13.50%	20.25%	20.64%
EBITDA	125.53	147.83	155.46	133.58	102.03
EBITDA Margin	13.42%	16.90%	18.78%	17.27%	15.30%
D&A For EBITDA	48.33	44.83	38.87	21.87	12.46
EBIT	77.21	103	116.59	111.71	89.57
EBIT Margin	8.25%	11.78%	14.08%	14.44%	13.44%
Effective Tax Rate	42.55%	9.96%	16.40%	12.27%	19.84%
Advertising Expenses	91.8	93.1	97.2	112.9	81.2

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q