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Shutterstock SSTK Reportable Segment — Adjusted general and administrative

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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 sstk:AdjustedGeneralAndAdministrativeExpense.

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
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Adjusted cost of revenue182,29594,861165,155184,293
Adjusted sales and marketing129,70534,01959,04864,541
Adjusted product and development114,54216,31030,57333,031
Adjusted general and administrative140,00344,681104,09398,693
Goodwill impairment173,738173,738
Total operating expenses377,037232,259607,161464,678
(Loss) / Income from operations(155,236)34,731(186,190)44,932
Interest expense(3,833)(4,224)(7,593)(8,522)

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's reportable segment — adjusted general and administrative?
Shutterstock (SSTK) reported reportable segment — adjusted general and administrative of $40M in Q2 2026.
How has Shutterstock's reportable segment — adjusted general and administrative changed year-over-year?
Shutterstock's reportable segment — adjusted general and administrative decreased by 10.5% year-over-year, from $44.68M to $40M.
What is the long-term trend for Shutterstock's reportable segment — adjusted general and administrative?
Over 3 years (2022 to 2025), Shutterstock's reportable segment — adjusted general and administrative has grown at a 15.1% compound annual growth rate (CAGR), from $119.67M to $182.42M.
What does reportable segment — adjusted general and administrative mean?
Includes the normalized overhead costs required to support the segment's operations, such as management salaries, legal, and back-office functions. Tracking this helps assess the scalability of the segment's operational structure.

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