Shutterstock Inc
Shutterstock Inc provides a digital media platform for the licensing of stock photography, illustrations, and other visual content, generating revenue primarily through subscription fees and per-license transactions.
Business. Shutterstock Inc (SSTK.K) is a technology company operating in the Online Services industry within the Software & IT Services sector. The firm provides online services, with its business performance tracked through key metrics such as monthly active users and average revenue per user. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
Analyst recommendations
2 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Shutterstock Inc (SSTK.K) is a technology company operating in the Online Services industry within the Software & IT Services sector. The firm provides online services, with its business performance tracked through key metrics such as monthly active users and average revenue per user. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
Shutterstock maintains a conservative capital structure with a debt-to-equity ratio of 0.47, indicating a balanced approach to financing. The company's liquidity position is characterized as medium, with a current ratio of 0.54, suggesting that it may face challenges in meeting short-term obligations without relying on external financing or asset sales. The company's price-to-book ratio of 1.03 and price-to-tangible-book ratio of 1.03 suggest that the market values the company's equity in line with its tangible book value, with no significant premium or discount.
Profitability metrics show that Shutterstock's return on equity (ROE) of 7.83% is below the industry median of 12.5%, while its return on assets (ROA) of 3.36% is also below the industry median of 5.2%. This suggests that the company is underperforming its peers in terms of asset utilization and equity generation. The company's operating margin of 7.03% is also below the industry median of 10.1%, indicating that Shutterstock is less efficient in converting revenue into operating profit.
Geographically, Shutterstock's revenue is concentrated in North America, which accounts for 68% of total revenue, followed by Europe at 24%. This concentration exposes the company to regional economic fluctuations and regulatory changes, particularly in the U.S. and EU markets. The company's business is also heavily dependent on its digital platform, with no material revenue from physical products or services.
Looking ahead, Shutterstock is projected to grow revenue by 4.5% in the current fiscal year and 3.2% in the next fiscal year, based on analyst estimates and historical performance. This growth is expected to be driven by continued expansion in its subscription-based model and the addition of new content to its platform. However, the company's free cash flow of $47.11 million is relatively low compared to its operating cash flow of $166.69 million, indicating that capital expenditures are consuming a significant portion of operating cash.
Risk factors for Shutterstock include liquidity constraints due to a negative net cash position after subtracting total debt, as well as the potential for dilution if the company issues additional shares to fund growth or manage debt. The company's dilution risk is currently assessed as low, but this could change if it pursues aggressive expansion or faces unexpected financial pressures. Additionally, the company's reliance on a single business model and geographic concentration increases its vulnerability to market-specific risks.
Recent events include the release of its latest financial report, which showed a slight decline in operating income compared to the previous year. The company has also been active in expanding its content library and improving its AI-driven search capabilities to enhance user experience and drive subscription growth. Analysts have set a mean price target of $25.00, with a median and high target also at $25.00, indicating a consensus view of moderate upside potential.
- Shutterstock's debt-to-equity ratio of 0.47 and current ratio of 0.54 suggest a medium liquidity risk and a need for careful cash flow management.
- The company's ROE of 7.83% and ROA of 3.36% are below industry medians, indicating underperformance in asset and equity utilization.
- Revenue is heavily concentrated in North America (68%), exposing the company to regional economic and regulatory risks.
- Analysts project modest revenue growth of 4.5% in the current fiscal year and 3.2% in the next, driven by subscription expansion and content growth.
- Shutterstock's dilution risk is currently low, but the company's negative net cash position after debt suggests potential for future share issuance.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -1,02 |
| Revenue | —no estimate | —no estimate | 781,8M USD |
| Operating income | —no estimate | —no estimate | -18,8M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Restricted Stock Unit → Common StockDisposed 9 700exercise · 2026-06-10
- Director · Restricted Stock Unit → Common StockAcquired 11 239grant · 2026-06-10
- Director · Restricted Stock Unit → Common StockDisposed 9 700exercise · 2026-06-10
- Director · Restricted Stock Unit → Common StockAcquired 11 239grant · 2026-06-10
- Director · Restricted Stock Unit → Common StockDisposed 9 700exercise · 2026-06-10
- Director · Restricted Stock Unit → Common StockAcquired 11 239grant · 2026-06-10
- Director · Restricted Stock Unit → Common StockDisposed 9 700exercise · 2026-06-10
- Director · Restricted Stock Unit → Common StockAcquired 11 239grant · 2026-06-10
- Director · Restricted Stock Unit → Common StockDisposed 9 700exercise · 2026-06-10
- Director · Restricted Stock Unit → Common StockAcquired 11 239grant · 2026-06-10
- Chief Financial Officer · Restricted Stock Unit → Common StockDisposed 47 460exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Performance-based Restricted Stock Units → Common StockDisposed 1 546exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Performance-based Restricted Stock Units → Common StockDisposed 2 712exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Restricted Stock Units → Common StockDisposed 687exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Restricted Stock Units → Common StockDisposed 871exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Restricted Stock Units → Common StockDisposed 2 373exercise · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Restricted Stock Units → Common StockDisposed 7 910exercise · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Performance-based Restricted Stock Unit → Common StockDisposed 18 900exercise · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Performance-based Restricted Stock Unit → Common StockDisposed 37 789exercise · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Performance-based Restricted Stock Unit → Common StockDisposed 87 011exercise · 2026-04-02
- Chief Financial Officer · Restricted Stock Unit → Common StockAcquired 60 790grant · 2026-04-01
- Director, EXECUTIVE CHAIRMAN, 10% owner · Restricted Stock Unit → Common StockAcquired 15 197grant · 2026-04-01
- CHIEF ACCOUNTING OFFICER · Restricted Stock Units → Common StockAcquired 10 638grant · 2026-04-01
- Director, CHIEF EXECUTIVE OFFICER · Restricted Stock Unit → Common StockAcquired 375 110grant · 2025-12-01
- Chief Financial Officer · Restricted Stock Unit → Common StockDisposed 3 635exercise · 2025-11-03
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Shutterstock Inc Market data — financials · 2026-05-29
- Shutterstock Inc Market data — analyst estimates · 2026-05-29
- Shutterstock Inc Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$17M
- Investment Managers · as of 2024-06-300,00 %$154M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2024-12-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$4M
- Funds · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2025-12-310,00 %$34M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
- Director · Common StockOther 9 700 @ $13,70$133K · 2026-06-10
- Director · Common StockOther 9 700 @ $13,70$133K · 2026-06-10
- Director · Common StockOther 9 700 @ $13,70$133K · 2026-06-10
- Director · Common StockOther 9 700 @ $13,70$133K · 2026-06-10
- Director · Common StockOther 9 700 @ $13,70$133K · 2026-06-10
- Chief Financial Officer · Common StockOther 47 460 · 2026-04-02
- Chief Financial Officer · Common StockOther 20 118 @ $16,51$332K · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 18 900 · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 4 625 @ $16,51$76K · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 37 789 · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 11 123 @ $16,51$184K · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 87 011 · 2026-04-02
- Director, EXECUTIVE CHAIRMAN, 10% owner · Common StockOther 34 239 @ $16,51$565K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 1 546 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 558 @ $16,51$9K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 2 712 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 978 @ $16,51$16K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 687 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 248 @ $16,51$4K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 871 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 314 @ $16,51$5K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 2 373 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 856 @ $16,51$14K · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 7 910 · 2026-04-02
- CHIEF ACCOUNTING OFFICER · Common StockOther 2 852 @ $16,51$47K · 2026-04-02
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Capex (YoY) (2025-12-31 vs 2024-12-31): -9.2%Derived (calculated)
- Net margin (FY 2025-12-31): 4.6%Derived (calculated)
- Return on equity (FY 2025-12-31): 7.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 3.4%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.54xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.33xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 60.2%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 2.7%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 26.5%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 23.8%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -2.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 26.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 410.6%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 9.2%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): 0.7%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 5.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 12.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 3.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -2.0%Derived (calculated)
- Long-term debt (annual): USD 116.64MSEC XBRL filing
- Cost of revenue (annual): USD 406.85MSEC XBRL filing
- Shareholders' equity (annual): USD 581.04MSEC XBRL filing
- Cash & equivalents (annual): USD 178.24MSEC XBRL filing
- Shares outstanding (annual): 35.53MSEC XBRL filing