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Other financials

Income statement

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Revenue$221.8M-16.9%
Gross profit$128.0M-20.5%
Operating income-$155.2M-547%
Net income-$155.9M-630%
EPS (diluted)-$4.25-618%

Balance sheet

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Cash & equivalents$133.2M+14.4%
Total debt$286.8M-3.4%
Total equity$363.7M-38.0%
Total assets$1.1B-20.6%

Cash flow

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Operating cash flow$621.0K-97.7%
CapEx$10.1M-10.6%
Free cash flow-$9.5M-161%

Valuation

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Market cap$219.37M-68.8%
Enterprise value$372.95M-57.7%
P/S0.2×-0.4×

Profitability

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Gross margin56.9%-1.2pp
Operating margin-17.1%-24.6pp
Net margin6%+1.9pp
FCF margin10%+9.7pp

Returns & leverage

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Return on equity11%+3.9pp
Debt / equity0.8×+0.3×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Shutterstock in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Shutterstock’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 1:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001549346-26-000029
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Cost of revenue93,787105,994188,575206,882
Sales and marketing48,00857,07796,354110,436
Product development17,57420,75436,97940,619
General and administrative43,93048,434111,515106,741
Goodwill impairment173,738173,738
Total operating expenses377,037232,259607,161464,678
(Loss) / income from operations(155,236)34,731(186,190)44,932

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's R&D?
Shutterstock (SSTK) reported R&D of $17.57M in Q2 2026.
How has Shutterstock's R&D changed year-over-year?
Shutterstock's R&D decreased by 15.3% year-over-year, from $20.75M to $17.57M.
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.

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