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Shutterstock SSTK Reportable Segment — Technology costs

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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:TechnologyExpenses.

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
Revenue$221,801$266,990$420,971$509,610
Less:
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Shutterstock's reportable segment — technology costs?
Shutterstock (SSTK) reported reportable segment — technology costs of $19.75M in Q2 2026.
How has Shutterstock's reportable segment — technology costs changed year-over-year?
Shutterstock's reportable segment — technology costs decreased by 4.2% year-over-year, from $20.62M to $19.75M.
What is the long-term trend for Shutterstock's reportable segment — technology costs?
Over 3 years (2022 to 2025), Shutterstock's reportable segment — technology costs has grown at a 23.1% compound annual growth rate (CAGR), from $48.78M to $91.04M.
What does reportable segment — technology costs mean?
Captures the direct expenses associated with maintaining and scaling the technological infrastructure required to host and deliver digital content. This includes costs related to server maintenance, cloud hosting, and platform stability necessary for high-volume digital transactions.

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