Shutterstock, Inc. (SSTK)

Shutterstock Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	874.59	827.83	773.42	666.69	650.52
Revenue Growth (YoY)	5.65%	7.04%	16.01%	2.48%	4.38%
Cost of Revenue	352.63	314.31	277.66	259.57	278.18
Gross Profit	521.96	513.52	495.76	407.11	372.35
Selling, General & Admin	357.4	335.8	335.64	275.81	294.98
Research & Development	96.16	65.43	52.01	46.04	57.22
Other Operating Expenses	0	18.66	0	0	0
Operating Expenses	453.56	419.9	387.65	321.85	352.19
Operating Income	68.4	93.62	108.11	85.27	20.16
Other Expense / Income	-54.07	2.59	3.37	-4.26	-4.76
Pretax Income	122.47	91.04	104.74	89.52	24.92
Income Tax	12.2	14.93	12.85	17.76	4.81
Net Income	110.27	76.1	91.88	71.77	20.11
Net Income Growth	44.89%	-17.17%	28.03%	256.90%	-63.23%
Shares Outstanding (Basic)	36	36	37	36	35
Shares Outstanding (Diluted)	36	37	37	36	36
Shares Change	-0.83%	-2.08%	2.63%	2.21%	0.45%
EPS (Basic)	3.07	2.11	2.52	2.00	0.57
EPS (Diluted)	3.04	2.08	2.46	1.97	0.57
EPS Growth	46.15%	-15.45%	24.87%	245.61%	-62.99%
Free Cash Flow	95.91	115.16	188.25	139.44	76.57
Free Cash Flow Per Share	2.67	3.19	5.16	3.89	2.17
Dividend Per Share	1.080	0.960	0.840	0.680	-
Dividend Growth	12.50%	14.29%	23.53%	-	-
Gross Margin	59.68%	62.03%	64.10%	61.07%	57.24%
Operating Margin	7.82%	11.31%	13.98%	12.79%	3.10%
Profit Margin	12.61%	9.19%	11.88%	10.76%	3.09%
Free Cash Flow Margin	10.97%	13.91%	24.34%	20.92%	11.77%
Effective Tax Rate	9.96%	16.40%	12.27%	19.84%	19.30%
EBITDA	202.2	159.51	153.51	130.88	74.83
EBITDA Margin	23.12%	19.27%	19.85%	19.63%	11.50%
Depreciation & Amortization	79.73	68.47	48.77	41.36	49.92
EBIT	122.47	91.04	104.74	89.52	24.92
EBIT Margin	14.00%	11.00%	13.54%	13.43%	3.83%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).