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Shutterstock SSTK Reportable Segment — Operating Expenses

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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:OperatingExpenses.

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 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)
Other (expense) / income, net(1,862)12,624(16,523)27,139
(Loss) / income before income taxes(160,931)43,131(210,306)63,549

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's reportable segment — operating expenses?
Shutterstock (SSTK) reported reportable segment — operating expenses of $377.04M in Q2 2026.
How has Shutterstock's reportable segment — operating expenses changed year-over-year?
Shutterstock's reportable segment — operating expenses increased by 62.3% year-over-year, from $232.26M to $377.04M.
What is the long-term trend for Shutterstock's reportable segment — operating expenses?
Over 3 years (2022 to 2025), Shutterstock's reportable segment — operating expenses has grown at a 7.6% compound annual growth rate (CAGR), from $734.2M to $914.87M.
What does reportable segment — operating expenses mean?
The aggregate of all costs incurred to run the segment's day-to-day operations, excluding the cost of revenue. This metric is a key indicator of the overall cost structure and operational discipline of the business unit.

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