$SSTK
Shutterstock, Inc.

2024 Q2 Form 10-Q Financial Statement

#000154934624000012 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $220.1M $214.3M $215.3M
YoY Change 5.37% -0.45% 8.11%
Cost Of Revenue $91.25M $88.20M $78.16M
YoY Change 8.1% 12.85% 12.54%
Gross Profit $128.8M $126.1M $137.1M
YoY Change 3.52% -8.03% 5.73%
Gross Profit Margin 58.53% 58.84% 63.69%
Selling, General & Admin $88.27M $88.31M $81.34M
YoY Change 3.38% 8.57% -3.32%
% of Gross Profit 68.54% 70.03% 59.32%
Research & Development $19.86M $21.05M $15.41M
YoY Change -32.03% 36.64% 13.06%
% of Gross Profit 15.42% 16.69% 11.24%
Depreciation & Amortization $21.43M $21.26M $18.90M
YoY Change 11.6% 12.53% 25.43%
% of Gross Profit 16.64% 16.86% 13.78%
Operating Expenses $108.1M $109.4M $96.75M
YoY Change -6.55% 13.04% -1.04%
Operating Profit $20.67M $16.75M $40.37M
YoY Change 137.13% -58.52% 26.48%
Interest Expense -$4.106M -$1.154M $880.0K
YoY Change -665.56% -231.14% 3566.67%
% of Operating Profit -19.87% -6.89% 2.18%
Other Income/Expense, Net -$4.106M $3.644M $1.045M
YoY Change -109.79% 248.71% 37.86%
Pretax Income $16.56M $20.39M $41.41M
YoY Change -67.77% -50.77% 26.74%
Income Tax $12.94M $4.269M $8.571M
% Of Pretax Income 78.11% 20.94% 20.7%
Net Earnings $3.625M $16.12M $32.84M
YoY Change -92.75% -50.91% 23.6%
Net Earnings / Revenue 1.65% 7.52% 15.26%
Basic Earnings Per Share $0.10 $0.45 $0.92
Diluted Earnings Per Share $0.10 $0.45 $0.90
COMMON SHARES
Basic Shares Outstanding 35.84M shares 35.54M shares 35.84M shares
Diluted Shares Outstanding 35.98M shares 36.07M shares 36.58M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.87M $71.81M $95.83M
YoY Change -14.09% -25.07% -62.87%
Cash & Equivalents $74.87M $71.81M $95.83M
Short-Term Investments
Other Short-Term Assets $68.53M $93.10M $34.77M
YoY Change -44.98% 167.78% -5.61%
Inventory
Prepaid Expenses
Receivables $97.44M $93.99M $48.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $240.8M $258.9M $178.9M
YoY Change -11.91% 44.72% -47.34%
LONG-TERM ASSETS
Property, Plant & Equipment $63.07M $63.43M $56.60M
YoY Change -17.74% 12.06% 12.74%
Goodwill $402.8M $402.8M $382.6M
YoY Change 5.15% 5.27% 74.58%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $93.50M $83.88M $22.04M
YoY Change 35.42% 280.6% -13.65%
Total Long-Term Assets $763.0M $769.6M $663.6M
YoY Change 4.4% 15.97% 45.45%
TOTAL ASSETS
Total Short-Term Assets $240.8M $258.9M $178.9M
Total Long-Term Assets $763.0M $769.6M $663.6M
Total Assets $1.004B $1.029B $842.5M
YoY Change -0.04% 22.07% 5.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.55M $9.373M $7.778M
YoY Change 73.01% 20.51% 7.91%
Accrued Expenses $96.91M $99.21M $72.80M
YoY Change 7.89% 36.28% -1.79%
Deferred Revenue $186.5M $198.0M $180.7M
YoY Change -10.1% 9.6% 1.1%
Short-Term Debt $30.00M $30.00M $0.00
YoY Change 0.0%
Long-Term Debt Due $30.00M $30.00M $0.00
YoY Change 0.0%
Total Short-Term Liabilities $432.3M $433.0M $313.5M
YoY Change 6.08% 38.13% 3.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.95M $21.71M $13.74M
YoY Change -65.05% 57.97% 47.86%
Total Long-Term Liabilities $20.95M $21.71M $13.74M
YoY Change -65.05% 57.97% 47.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $432.3M $433.0M $313.5M
Total Long-Term Liabilities $20.95M $21.71M $13.74M
Total Liabilities $483.5M $487.2M $366.0M
YoY Change -0.27% 33.13% 4.11%
SHAREHOLDERS EQUITY
Retained Earnings $341.1M $348.1M $294.2M
YoY Change 1.96% 18.31% 18.93%
Common Stock $441.9M $434.8M $396.3M
YoY Change 9.62% 9.71% 5.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $520.4M $541.3M $476.5M
YoY Change
Total Liabilities & Shareholders Equity $1.004B $1.029B $842.5M
YoY Change -0.04% 22.07% 5.85%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $3.625M $16.12M $32.84M
YoY Change -92.75% -50.91% 23.6%
Depreciation, Depletion And Amortization $21.43M $21.26M $18.90M
YoY Change 11.6% 12.53% 25.43%
Cash From Operating Activities $27.97M $8.300M $66.78M
YoY Change -6.2% -87.57% 193.87%
INVESTING ACTIVITIES
Capital Expenditures $9.075M $14.46M $12.38M
YoY Change -13.49% 16.81% 5.14%
Acquisitions $19.47M $0.00
YoY Change
Other Investing Activities $17.38M -$2.067M -$3.557M
YoY Change -143.77% -41.89% 374.27%
Cash From Investing Activities $8.301M -$16.53M -$15.94M
YoY Change -116.54% 3.71% 27.24%
FINANCING ACTIVITIES
Cash Dividend Paid $10.66M $9.662M
YoY Change 10.36% 10.98%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.15M -$18.63M -$70.67M
YoY Change -352.39% -73.64% 7.77%
NET CHANGE
Cash From Operating Activities 27.97M $8.300M $66.78M
Cash From Investing Activities 8.301M -$16.53M -$15.94M
Cash From Financing Activities -32.15M -$18.63M -$70.67M
Net Change In Cash 4.117M -$28.68M -$19.32M
YoY Change -153.89% 48.43% -65.44%
FREE CASH FLOW
Cash From Operating Activities $27.97M $8.300M $66.78M
Capital Expenditures $9.075M $14.46M $12.38M
Free Cash Flow $18.89M -$6.161M $54.40M
YoY Change -2.25% -111.33% 396.85%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214315000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
88204000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
78163000 usd
CY2024Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
56236000 usd
CY2023Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
47527000 usd
CY2024Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21051000 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15406000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32078000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33815000 usd
CY2024Q1 us-gaap Costs And Expenses
CostsAndExpenses
197569000 usd
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
174911000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16746000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
40369000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3644000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1045000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20390000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41414000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4269000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8571000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
16121000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32843000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35591000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35856000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36066000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36575000 shares
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
16121000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32843000 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1464000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1419000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1464000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1419000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14657000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
34262000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
527094000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11150000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 usd
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
963000 usd
CY2024Q1 us-gaap Dividends
Dividends
10663000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1464000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
16121000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
541275000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
447482000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8643000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4193000 usd
CY2023Q1 us-gaap Dividends
Dividends
9662000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1419000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32843000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
476534000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
16121000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32843000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21263000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18896000 usd
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3854000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-977000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
11150000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
8643000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1510000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
790000 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3755000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
736000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19168000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11999000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5189000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20182000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12716000 usd
CY2024Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
6127000 usd
CY2023Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
2246000 usd
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4325000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-7307000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8300000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66775000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14461000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12380000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19474000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2024Q1 sstk Proceeds From Contingent Consideration
ProceedsFromContingentConsideration
18401000 usd
CY2023Q1 sstk Proceeds From Contingent Consideration
ProceedsFromContingentConsideration
0 usd
CY2024Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
994000 usd
CY2023Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
3527000 usd
CY2024Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
0 usd
CY2023Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-30000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16528000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15937000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7966000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11008000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
10663000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
9662000 usd
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023Q4 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
400000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
50000000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18629000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-70667000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1822000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
507000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28679000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19322000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100490000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115154000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71811000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
95832000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2901000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5150000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
509000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
428000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements. Actual results could differ from those estimates. Such estimates include, but are not limited to, the determination of the allowance for doubtful accounts, the volume of expected unused licenses for our subscription-based products, the assessment of recoverability of property and equipment, the fair value of acquired goodwill and intangible assets, the amount of non-cash equity-based compensation, the assessment of recoverability of deferred tax assets, the measurement of income tax and contingent non-income tax liabilities and the determination of the incremental borrowing rate used to calculate the lease liability.
CY2024Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
52200000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1500000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6300000 usd
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
7800000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
16000000 usd
CY2024Q1 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
400000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
5000000 usd
CY2024Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
5000000 usd
CY2024Q1 sstk Equity Securities Estimated Value
EquitySecuritiesEstimatedValue
11800000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214315000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215280000 usd
CY2024Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
215259000 usd
CY2023Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
224066000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20390000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41414000 usd
CY2024Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23030000 usd
CY2023Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
28764000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
347383000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
338455000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
283953000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
274155000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63430000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
64300000 usd
CY2024Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
9000000 usd
CY2023Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
10300000 usd
CY2024Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9600000 usd
CY2023Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8400000 usd
CY2024Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
59600000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
60300000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
383325000 usd
CY2024Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19843000 usd
CY2024Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-381000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
402787000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
311177000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
136309000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
174868000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
310088000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
125692000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
184396000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9800000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
27000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
27500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19000000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
44300000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
44268000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
75752000 usd
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
24175000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
23702000 usd
CY2024Q1 sstk Accrued Website Hosting And Marketing Fees Current
AccruedWebsiteHostingAndMarketingFeesCurrent
11222000 usd
CY2023Q4 sstk Accrued Website Hosting And Marketing Fees Current
AccruedWebsiteHostingAndMarketingFeesCurrent
11804000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19547000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20185000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
99212000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
131443000 usd
CY2024Q1 sstk Accrued Severance Costs Current
AccruedSeveranceCostsCurrent
1800000 usd
CY2023Q4 sstk Accrued Severance Costs Current
AccruedSeveranceCostsCurrent
7700000 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
31000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
85000 shares
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
71800000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.27
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10700000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9700000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11150000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8643000 usd
CY2024Q1 sstk Contract With Customer Number Of Primary Channels
ContractWithCustomerNumberOfPrimaryChannels
2 channel
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215280000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
82700000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
60100000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P5Y
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-592000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1111000 usd
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
562000 usd
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
231000 usd
CY2024Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
4798000 usd
CY2023Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
165000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3644000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1045000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
176000 shares
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.015
CY2024Q1 sstk Effective Income Tax Rate Reconciliation Excluding Discrete Items Percent
EffectiveIncomeTaxRateReconciliationExcludingDiscreteItemsPercent
0.194
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.009
CY2023Q1 sstk Effective Income Tax Rate Reconciliation Excluding Discrete Items Percent
EffectiveIncomeTaxRateReconciliationExcludingDiscreteItemsPercent
0.198
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2900000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-5200000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
16121000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
32843000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35591000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35856000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
84000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
153000 shares
CY2024Q1 sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
391000 shares
CY2023Q1 sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
566000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36066000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36575000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1357000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1691000 shares
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
665000 shares
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214315000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215280000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
63430000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
64300000 usd
CY2024Q1 us-gaap Other Commitment
OtherCommitment
73900000 usd
CY2024Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
37100000 usd
CY2024Q1 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
32100000 usd
CY2024Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
4600000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001549346-24-000012-index-headers.html Edgar Link pending
0001549346-24-000012-index.html Edgar Link pending
0001549346-24-000012.txt Edgar Link pending
0001549346-24-000012-xbrl.zip Edgar Link pending
a10-q_2024xq1exhibit311.htm Edgar Link pending
a10-q_2024xq1exhibit312.htm Edgar Link pending
a10-q_2024xq1exhibit32.htm Edgar Link pending
a_2024xq1ex101directorcomp.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sstk-20240331.htm Edgar Link pending
sstk-20240331.xsd Edgar Link pending
sstk-20240331_def.xml Edgar Link unprocessable
sstk-20240331_lab.xml Edgar Link unprocessable
sstk-20240331_pre.xml Edgar Link unprocessable
sstk-20240331_cal.xml Edgar Link unprocessable
sstk-20240331_htm.xml Edgar Link completed