What is Shutterstock's deferred revenue?

Shutterstock (SSTK) reported deferred revenue of $208.66M in Q1 2026.

How has Shutterstock's deferred revenue changed year-over-year?

Shutterstock's deferred revenue decreased by 7.8% year-over-year, from $226.24M to $208.66M.

What is the long-term trend for Shutterstock's deferred revenue?

Over 5 years (2020 to 2025), Shutterstock's deferred revenue has grown at a 7.3% compound annual growth rate (CAGR), from $149.84M to $212.98M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Shutterstock SSTK Deferred Revenue

Deferred Revenue at other companies

AdobeADBE

$7.15B+15.0%

Getty ImagesGETY

$199.09M+6.7%

Reservoir Media, Inc.RSVR

$2.47M+31.1%

AdeiaADEA

$33.78M-30.6%

WEBTOON Entertainment Inc.WBTN

$94.64M+10.4%

New York TimesNYT

$215.82M+11.4%

Other financials

Income statement

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Revenue$199.2M-17.9%

Gross profit$104.4M-26.4%

Operating income-$31.0M-403%

Net income-$47.6M-355%

EPS (diluted)-$1.34-353%

Balance sheet

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Cash & equivalents$162.5M+44.8%

Total debt$289.3M-3.1%

Total equity$532.1M-2.8%

Total assets$1.3B-1.0%

Cash flow

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Operating cash flow$17.4M-31.2%

CapEx$11.6M+7.3%

Free cash flow$5.8M-60.0%

Valuation

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Market cap$510.66M-21.1%

Enterprise value$637.49M-23.5%

P/E36.6×-66.3×

P/S0.5×-0.1×

Profitability

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Gross margin57.7%+0.1pp

Operating margin3.8%-2.6pp

Net margin6%+1.9pp

FCF margin12.2%+11.5pp

Returns & leverage

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Return on equity11%+3.9pp

Debt / equity0.5×0.0×

Current ratio0.5×+0.1×

Where this comes from

Reported directly by Shutterstock in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Shutterstock’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shutterstock's deferred revenue?: Shutterstock (SSTK) reported deferred revenue of $208.66M in Q1 2026.
How has Shutterstock's deferred revenue changed year-over-year?: Shutterstock's deferred revenue decreased by 7.8% year-over-year, from $226.24M to $208.66M.
What is the long-term trend for Shutterstock's deferred revenue?: Over 5 years (2020 to 2025), Shutterstock's deferred revenue has grown at a 7.3% compound annual growth rate (CAGR), from $149.84M to $212.98M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.