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Shutterstock SSTK Reportable Segment — Adjusted sales and marketing

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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:AdjustedSalesAndMarketingExpenses.

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
Technology costs19,75220,62339,90440,692
Advertising costs17,00221,76534,65043,428
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's reportable segment — adjusted sales and marketing?
Shutterstock (SSTK) reported reportable segment — adjusted sales and marketing of $29.71M in Q2 2026.
How has Shutterstock's reportable segment — adjusted sales and marketing changed year-over-year?
Shutterstock's reportable segment — adjusted sales and marketing decreased by 12.7% year-over-year, from $34.02M to $29.71M.
What is the long-term trend for Shutterstock's reportable segment — adjusted sales and marketing?
Over 3 years (2022 to 2025), Shutterstock's reportable segment — adjusted sales and marketing has grown at a 8.3% compound annual growth rate (CAGR), from $101.19M to $128.65M.
What does reportable segment — adjusted sales and marketing mean?
Represents the normalized expenses related to sales personnel, commissions, and broader marketing initiatives for the segment. This metric highlights the investment intensity required to maintain market position and drive top-line expansion.

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