Shutterstock, Inc. - Understand $sstk stock

$SSTK Market Cap: $1.175 Billion

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Financial Snapshot

Revenue

$902.2M

TTM

Gross Margin

57.9%

TTM

Net Earnings

$36.36M

TTM

Current Assets

$277.4M

Q3 2024

Current Liabilities

$663.4M

Q3 2024

Current Ratio

41.81%

Q3 2024

Total Assets

$1.349B

Q3 2024

Total Liabilities

$825.9M

Q3 2024

Book Value

$522.9M

Q3 2024

Cash

$131.4M

Q3 2024

P/E

32.32

Nov 29, 2024 EST

Free Cash Flow

$10.39M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$874.6M	$827.8M	$773.4M	$666.7M	$650.5M	$623.3M	$557.1M	$494.3M	$425.1M	$328.0M	$235.5M	$169.6M	$120.3M	$82.97M	$61.10M	$52.70M
YoY Change	5.65%	7.04%	16.01%	2.48%	4.38%	11.87%	12.7%	16.27%	29.63%	39.26%	38.85%	41.03%	44.95%	35.8%	15.94%	75.67%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$874.6M	$827.8M	$773.4M	$666.7M	$650.5M	$623.3M	$557.1M	$494.3M	$425.1M	$328.0M	$235.5M	$169.6M	$120.3M	$82.97M	$61.10M	$52.70M
Cost Of Revenue	$352.6M	$314.3M	$277.7M	$259.6M	$278.2M	$267.7M	$233.1M	$203.1M	$174.5M	$130.0M	$90.63M	$64.68M	$45.50M	$32.35M	$21.80M	$16.90M
Gross Profit	$522.0M	$513.5M	$495.8M	$407.1M	$372.3M	$355.6M	$324.0M	$291.2M	$250.6M	$197.9M	$144.9M	$104.9M	$74.77M	$50.62M	$39.30M	$35.80M
Gross Profit Margin	59.68%	62.03%	64.1%	61.07%	57.24%	57.05%	58.16%	58.91%	58.95%	60.36%	61.52%	61.87%	62.17%	61.01%	64.32%	67.93%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$357.4M	$335.8M	$335.6M	$275.8M	$295.0M	$264.2M	$245.2M	$197.6M	$168.3M	$120.6M	$79.81M	$66.76M	$42.10M	$26.23M	$17.20M	$14.20M
YoY Change	6.43%	0.05%	21.69%	-6.5%	11.64%	7.77%	24.07%	17.43%	39.52%	51.13%	19.55%	58.57%	60.48%	52.52%	21.13%	-26.04%
% of Gross Profit	68.47%	65.39%	67.7%	67.75%	79.22%	74.31%	75.67%	67.86%	67.15%	60.93%	55.08%	63.62%	56.31%	51.83%	43.77%	39.66%
Research & Development	$96.16M	$65.43M	$52.01M	$46.04M	$57.22M	$58.90M	$52.49M	$47.79M	$41.32M	$38.30M	$21.76M	$16.33M	$9.777M	$4.591M	$2.400M	$1.100M
YoY Change	46.96%	25.8%	12.98%	-19.54%	-2.85%	12.21%	9.83%	15.65%	7.89%	75.98%	33.28%	67.02%	112.96%	91.29%	118.18%	10.0%
% of Gross Profit	18.42%	12.74%	10.49%	11.31%	15.37%	16.56%	16.2%	16.41%	16.49%	19.35%	15.02%	15.56%	13.08%	9.07%	6.11%	3.07%
Depreciation & Amortization	$79.73M	$68.47M	$48.77M	$41.36M	$49.92M	$45.65M	$35.49M	$19.95M	$14.84M	$7.917M	$3.870M	$2.640M	$1.520M	$874.0K	$400.0K
YoY Change	16.44%	40.39%	17.92%	-17.14%	9.34%	28.63%	77.93%	34.4%	87.46%	104.57%	46.59%	73.68%	73.91%	118.5%
% of Gross Profit	15.28%	13.33%	9.84%	10.16%	13.41%	12.84%	10.95%	6.85%	5.92%	4.0%	2.67%	2.52%	2.03%	1.73%	1.02%
Operating Expenses	$453.6M	$401.2M	$387.7M	$321.8M	$352.2M	$323.1M	$297.7M	$245.4M	$209.6M	$158.9M	$101.6M	$83.09M	$51.88M	$30.83M	$19.60M	$15.30M
YoY Change	13.04%	3.5%	20.45%	-8.62%	8.99%	8.56%	21.29%	17.08%	31.9%	56.46%	22.24%	60.16%	68.3%	57.27%	28.1%	-24.26%
Operating Profit	$68.40M	$93.62M	$108.1M	$85.27M	$20.16M	$32.45M	$26.35M	$45.79M	$41.02M	$39.04M	$43.32M	$21.85M	$22.89M	$19.80M	$19.70M	$20.50M
YoY Change	-26.94%	-13.4%	26.79%	323.05%	-37.89%	23.16%	-42.45%	11.62%	5.08%	-9.89%	98.23%	-4.53%	15.64%	0.48%	-3.9%	3316.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$1.856M	-$1.336M	$137.0K	$1.190M	$4.221M	$2.736M	$891.0K	$149.0K	$27.00K	$84.00K	$83.00K
YoY Change	38.92%	-1075.18%	-88.49%	-71.81%	54.28%	207.07%	497.99%	451.85%	-67.86%	1.2%
% of Operating Profit	-2.71%	-1.43%	0.13%	1.4%	20.94%	8.43%	3.38%	0.33%	0.07%	0.22%	0.19%
Other Income/Expense, Net	$3.807M	-$2.587M	-$3.370M	$4.257M	$4.761M	-$4.952M	$3.732M	-$1.289M	-$6.746M	-$859.0K	$57.00K	-$47.00K	$10.00K	$19.00K	$0.00	$0.00
YoY Change	-247.16%	-23.23%	-179.16%	-10.59%	-196.14%	-232.69%	-389.53%	-80.89%	685.33%	-1607.02%	-221.28%	-570.0%	-47.37%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$122.5M	$91.04M	$104.7M	$89.52M	$24.92M	$68.60M	$24.56M	$38.55M	$36.64M	$37.87M	$43.38M	$21.81M	$22.90M	$19.81M	$19.80M	$20.60M
YoY Change	34.53%	-13.08%	16.99%	259.3%	-63.68%	179.32%	-36.29%	5.2%	-3.23%	-12.7%	98.92%	-4.78%	15.57%	0.07%	-3.88%	3333.33%
Income Tax	$12.20M	$14.93M	$12.85M	$17.76M	$4.808M	$11.43M	$13.35M	$11.87M	$14.72M	$16.09M	$16.90M	-$25.74M	$1.036M	$876.0K	$900.0K	$900.0K
% Of Pretax Income	9.96%	16.4%	12.27%	19.84%	19.3%	16.66%	54.38%	30.79%	40.17%	42.49%	38.95%	-118.04%	4.52%	4.42%	4.55%	4.37%
Net Earnings	$110.3M	$76.10M	$91.88M	$71.77M	$20.11M	$54.69M	$16.73M	$32.63M	$19.55M	$22.09M	$26.48M	$47.50M	$21.90M	$18.90M	$18.80M	$19.60M
YoY Change	44.89%	-17.17%	28.03%	256.9%	-63.23%	226.94%	-48.73%	66.88%	-11.49%	-16.58%	-44.25%	116.89%	15.87%	0.53%	-4.08%	9700.0%
Net Earnings / Revenue	12.61%	9.19%	11.88%	10.76%	3.09%	8.77%	3.0%	6.6%	4.6%	6.74%	11.24%	28.0%	18.21%	22.78%	30.77%	37.19%
Basic Earnings Per Share	$3.07	$2.11	$2.52	$2.00	$0.57	$1.57	$0.48	$0.93	$0.54	$0.63	$0.78	$1.79	$0.64	$0.44
Diluted Earnings Per Share	$3.04	$2.08	$2.46	$1.97	$0.57	$1.54	$0.47	$0.91	$0.54	$0.61	$0.77	$1.79	$0.64	$0.44

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$100.5M	$115.2M	$314.0M	$428.6M	$303.3M	$230.9M	$253.4M	$279.2M	$288.4M	$288.3M	$209.8M	$102.1M	$14.10M	$6.500M
YoY Change	-12.73%	-63.33%	-26.73%	41.31%	31.36%	-8.88%	-9.24%	-3.19%	0.03%	37.42%	105.48%	624.11%	116.92%
Cash & Equivalents	$100.5M	$115.2M	$314.0M	$428.6M	$303.3M	$230.9M	$253.4M	$224.2M	$241.3M	$233.5M	$155.4M	$102.1M	$14.10M	$6.500M
Short-Term Investments							$0.00	$55.00M	$47.10M	$54.80M	$54.40M
Other Short-Term Assets	$100.9M	$33.27M	$26.49M	$16.70M	$26.70M	$34.80M	$37.10M	$22.60M	$11.70M	$17.50M	$25.20M	$20.80M	$2.200M	$1.300M
YoY Change	203.43%	25.58%	58.63%	-37.45%	-23.28%	-6.2%	64.16%	93.16%	-33.14%	-30.56%	21.15%	845.45%	69.23%
Inventory
Prepaid Expenses
Receivables	$91.14M	$67.25M	$47.71M	$43.80M	$47.00M	$41.00M	$49.90M	$38.10M	$28.50M	$15.30M	$6.100M	$1.700M	$600.0K	$400.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.400M	$2.100M	$1.400M	$1.200M	$800.0K
Total Short-Term Assets	$292.6M	$215.7M	$388.2M	$489.1M	$377.0M	$306.7M	$340.5M	$339.8M	$328.6M	$323.5M	$243.2M	$126.0M	$18.10M	$9.000M
YoY Change	35.66%	-44.45%	-20.63%	29.73%	22.92%	-9.93%	0.21%	3.41%	1.58%	33.02%	93.02%	596.13%	101.11%
Property, Plant & Equipment	$79.70M	$72.14M	$82.64M	$90.50M	$104.3M	$76.20M	$85.70M	$56.10M	$32.10M	$26.70M	$20.30M	$5.300M	$3.800M	$1.700M
YoY Change	10.47%	-12.71%	-8.68%	-13.23%	36.88%	-11.09%	52.76%	74.77%	20.22%	31.53%	283.02%	39.47%	123.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$96.03M	$38.37M	$37.21M	$34.90M	$33.60M	$30.50M	$18.80M	$26.40M	$27.80M	$18.40M	$12.80M	$13.40M	$500.0K	$400.0K
YoY Change	150.3%	3.1%	6.63%	3.87%	10.16%	62.23%	-28.79%	-5.04%	51.09%	43.75%	-4.48%	2580.0%	25.0%
Total Long-Term Assets	$743.4M	$665.5M	$463.5M	$240.5M	$253.5M	$224.8M	$237.3M	$162.0M	$140.5M	$60.30M	$35.30M	$21.10M	$6.800M	$4.900M
YoY Change	11.71%	43.59%	92.72%	-5.13%	12.77%	-5.27%	46.48%	15.3%	133.0%	70.82%	67.3%	210.29%	38.78%
Total Assets	$1.036B	$881.2M	$851.7M	$729.6M	$630.5M	$531.5M	$577.8M	$501.8M	$469.1M	$383.8M	$278.5M	$147.1M	$24.90M	$13.90M
YoY Change
Accounts Payable	$9.108M	$7.183M	$10.09M	$2.400M	$6.100M	$7.200M	$7.200M	$7.300M	$6.800M	$5.300M	$4.200M	$2.600M	$1.800M	$500.0K
YoY Change	26.8%	-28.82%	320.5%	-60.66%	-15.28%	0.0%	-1.37%	7.35%	28.3%	26.19%	61.54%	44.44%	260.0%
Accrued Expenses	$131.4M	$73.91M	$86.41M	$59.80M	$53.00M	$43.50M	$51.80M	$33.70M	$23.60M	$20.30M	$19.60M	$15.60M	$10.90M	$6.500M
YoY Change	77.85%	-14.46%	44.49%	12.83%	21.84%	-16.02%	53.71%	42.8%	16.26%	3.57%	25.64%	43.12%	67.69%
Deferred Revenue
YoY Change
Short-Term Debt	$30.00M	$50.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.000M	$0.00	$0.00
YoY Change	-40.0%										-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$452.4M	$383.7M	$333.8M	$256.9M	$245.9M	$223.3M	$245.7M	$203.5M	$160.8M	$120.3M	$91.90M	$69.30M	$46.50M	$31.00M
YoY Change	17.89%	14.96%	29.93%	4.47%	10.12%	-9.12%	20.74%	26.55%	33.67%	30.9%	32.61%	49.03%	50.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$52.35M	$45.50M	$46.66M	$50.80M	$56.50M	$21.40M	$16.00M	$9.400M	$16.00M	$12.00M	$4.000M	$900.0K	$2.500M	$400.0K
YoY Change	15.05%	-2.49%	-8.14%	-10.09%	164.02%	33.75%	70.21%	-41.25%	33.33%	200.0%	344.44%	-64.0%	525.0%
Total Long-Term Liabilities	$52.35M	$45.50M	$46.66M	$50.80M	$56.50M	$21.40M	$16.00M	$9.400M	$16.00M	$12.00M	$4.000M	$900.0K	$2.500M	$400.0K
YoY Change	15.05%	-2.49%	-8.14%	-10.09%	164.02%	33.75%	70.21%	-41.25%	33.33%	200.0%	344.44%	-64.0%	525.0%
Total Liabilities	$508.9M	$433.7M	$383.2M	$307.7M	$302.4M	$244.8M	$263.2M	$215.1M	$180.6M	$132.3M	$95.90M	$70.20M	$49.10M	$31.40M
YoY Change	17.34%	13.17%	24.55%	1.75%	23.53%	-6.99%	22.36%	19.1%	36.51%	37.96%	36.61%	42.97%	56.37%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	35.88M shares	36.04M shares	36.51M shares	35.84M shares	35.29M shares	34.94M shares	34.63M shares	35.11M shares	35.88M shares	35.24M shares	33.88M shares	23.79M shares	20.85M shares	20.77B shares
Diluted Shares Outstanding	36.24M shares	36.55M shares	37.32M shares	36.37M shares	35.58M shares	35.42M shares	35.29M shares	35.86M shares	36.32M shares	35.91M shares	34.43M shares	23.83M shares	20.85M shares	20.77B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1752 Billion

About Shutterstock, Inc.

Shutterstock, Inc. engages in the provision of a global creative platform. The company is headquartered in New York City, New York and currently employs 1,274 full-time employees. The company went IPO on 2012-10-11. Its content is distributed to customers under various ranges of brands: Shutterstock; Pond5; TurboSquid; PicMonkey; PremiumBeat; Splash News; Bigstock, and Offset. Shutterstock brand includes various content types, such as image, footage, music and editorial. Pond5 is a video-first content marketplace which expands the Company’s content offerings across footage, image and music. TurboSquid operates a marketplace that offers more than one million 3D models and a 2-dimensional marketplace derived from 3D objects. PicMonkey is an online graphic design and image editing platform. PremiumBeat offers music tracks and provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Splash News provides editorial image and video content across celebrity and red carpet events. The company also provides digital creative assets and templates.

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