← Shutterstock, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $494.3m |
$557.1m
+12.70%
|
$623.2m
+11.87%
|
$650.5m
+4.38%
|
$666.7m
+2.48%
|
$773.4m
+16.01%
|
$827.8m
+7.04%
|
$874.6m
+5.65%
|
$935.3m
+6.94%
|
$989.9m
+5.84%
|
$901.3m
-8.95%
|
|
| Cost of Revenue | $203.1m |
$233.1m
+14.76%
|
$267.7m
+14.83%
|
$278.2m
+3.92%
|
$259.6m
-6.69%
|
$277.7m
+6.97%
|
$314.3m
+13.20%
|
$352.6m
+12.19%
|
$396.3m
+12.38%
|
$406.8m
+2.66%
|
$388.5m
-4.50%
|
|
| Gross Profit (Calculated) | $291.2m |
$324.0m
+11.27%
|
$355.6m
+9.74%
|
$372.3m
+4.72%
|
$407.1m
+9.34%
|
$495.8m
+21.77%
|
$513.5m
+3.58%
|
$522.0m
+1.64%
|
$539.0m
+3.26%
|
$583.1m
+8.18%
|
— | |
| Research and Development Expense | $47.8m | $52.5m | $58.9m | $57.2m | $46.0m | $52.0m | $65.4m | $96.2m | $88.4m | $89.0m | $85.4m | |
| Selling and Marketing Expense | $126.6m | $146.5m | $166.4m | $181.7m | $159.2m | $204.9m | $203.2m | $214.7m | $222.7m | $221.0m | $402.4m | |
| General and Administrative Expense | $71.0m | $98.7m | $97.8m | $113.2m | $116.6m | $130.8m | $132.6m | $142.6m | $159.1m | $198.0m | $195.5m | |
| Amortization of Intangible Assets | $5.1m | $6.3m | $5.5m | $7.0m | $5.8m | $17.1m | $34.5m | $42.0m | $45.6m | $47.5m | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | $45.8m |
$26.3m
-42.45%
|
$32.5m
+23.16%
|
$20.2m
-37.89%
|
$85.3m
+323.05%
|
$108.1m
+26.79%
|
$93.6m
-13.40%
|
$68.4m
-26.94%
|
$68.7m
+0.45%
|
$75.1m
+9.24%
|
$17.7m
-76.45%
|
|
| Foreign Currency Transaction Gain (Loss), Realized | ($167k) | $2.8m | ($1.8m) | $540k | $3.1m | ($3.3m) | ($1.3m) | $879k | ($1.8m) | ($2.5m) | — | |
| Other income (expense): | ||||||||||||
| Other Nonoperating Income (Expense) | — | — | — | $4.8m | $4.3m | ($204k) | $87k | $3.8m | $4.4m | $17.1m | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $10.6m | $16.8m | $32.9m | |
| Nonoperating Income (Expense) | ($1.3m) | $3.7m | ($5.0m) | $4.8m | $4.3m | ($3.4m) | ($2.6m) | $3.8m | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | $149k | $891k | $2.7m | $4.2m | $1.2m | $137k | ($1.3m) | ($1.9m) | — | — | $37.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $38.5m | $24.6m | $68.6m | $25.5m | $83.3m | $104.2m | $86.2m | $108.0m | $49.8m | $30.0m | ($198.5m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $104.7m | $91.0m | $122.5m | $62.5m | $75.3m | ($198.5m) | |
| Income Tax Expense (Benefit) | $11.9m | $13.4m | $11.4m | $4.8m | $17.8m | $12.9m | $14.9m | $12.2m | $26.6m | $29.8m | $7.6m | |
| Net Income (Loss) Attributable to Parent | $32.6m |
$16.7m
-48.73%
|
$54.7m
+226.94%
|
$20.1m
-63.23%
|
$71.8m
+256.90%
|
$91.9m
+28.03%
|
$76.1m
-17.17%
|
$110.3m
+44.89%
|
$35.9m
-67.41%
|
$45.5m
+26.62%
|
($206.1m)
-553.09%
|
|
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $0.93 | $0.48 | $1.57 | $0.57 | $2.00 | $2.52 | $2.11 | $3.07 | $1.02 | $1.29 | ($5.71) | |
| Earnings Per Share, Diluted | $0.91 | $0.47 | $1.54 | $0.57 | $1.97 | $2.46 | $2.08 | $3.04 | $1.01 | $1.25 | ($5.73) | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.32 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 35.1m | 34.6m | 34.9m | 35.3m | 35.8m | 36.5m | 36.0m | 35.9m | 35.3m | 35.3m | 35.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 35.9m | 35.3m | 35.4m | 35.6m | 36.4m | 37.3m | 36.5m | 36.2m | 35.7m | 36.3m | 36.5m | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | $3.6m | $14.1m | $24.9m | $30.3m | $28.9m | $26.9m | $29.6m | $34.9m | $39.3m | $41.2m | — | |
| Costs and Expenses | $448.5m | $530.8m | $590.8m | $630.4m | $581.4m | $665.3m | $734.2m | $806.2m | $866.6m | $914.9m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $0 | $0 | — | — | — | — | $5.0m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |