What is Shutterstock's R&D?

Shutterstock (SSTK) reported R&D of $19.41M in Q1 2026.

How has Shutterstock's R&D changed year-over-year?

Shutterstock's R&D decreased by 2.3% year-over-year, from $19.87M to $19.41M.

What is the long-term trend for Shutterstock's R&D?

Over 4 years (2021 to 2025), Shutterstock's R&D has grown at a 14.4% compound annual growth rate (CAGR), from $52.01M to $89.03M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Shutterstock SSTK R&D

R&D at other companies

SnapSNAP

$478.3M+12.8%

AdeiaADEA

$18.2M+10.5%

New York TimesNYT

$70.19M+5.5%

NetflixNFLX

$959.7M+16.6%

Cricut, Inc.CRCT

$16.6M+6.0%

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:ResearchAndDevelopmentExpense.

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 R&D?: Shutterstock (SSTK) reported R&D of $19.41M in Q1 2026.
How has Shutterstock's R&D changed year-over-year?: Shutterstock's R&D decreased by 2.3% year-over-year, from $19.87M to $19.41M.
What is the long-term trend for Shutterstock's R&D?: Over 4 years (2021 to 2025), Shutterstock's R&D has grown at a 14.4% compound annual growth rate (CAGR), from $52.01M to $89.03M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.