Here are the 10-Q quarterly reports from Shutterstock, Inc. (SSTK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SSTK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SSTK filings page.
Shutterstock, Inc. (SSTK) reported third-quarter revenue of $173.9 million, down 33% from $260.1 million a year earlier, and a net loss of $197.8 million versus $13.4 million of net income. The quarter included a $203.3 million goodwill impairment charge. For the first nine months of 2026, revenue was $594.9 million, down 23%, and net loss was $401.3 million versus net income of $61.5 million in 2025.
Management attributed lower Content revenue primarily to weakness in new customer acquisition; Data, Distribution, and Services revenue fell 46%, including a 60% decline in the data offering. The impairment tests were triggered by termination of the merger agreement with Getty Images and the dividend suspension announced July 22, 2026. Nine-month operating cash flow was $36.2 million versus $130.5 million. During Q3, Shutterstock repaid $30.0 million of Revolver principal using cash generated from operations; remaining borrowing capacity was $123.7 million, net of standby letters of credit, as of September 30, 2026. Shutterstock did not declare or pay a cash dividend in Q3.
Shutterstock, Inc. reported significantly weaker results for the six months ended June 30, 2026. Revenue declined 17% to $420,971 (in thousands), with Content revenue at $343,790 (in thousands) and Data, Distribution, and Services at $77,181 (in thousands), reflecting softer new customer acquisition and a 26% drop in data offerings.
The company swung to a net loss of $203,508 (in thousands), driven primarily by a $173,738 (in thousands) goodwill impairment after Getty Images terminated their merger agreement, and an $18,268 (in thousands) unrealized loss on its Meitu investment. Shutterstock also recorded $33 million of legal settlement expenses tied to a Federal Trade Commission matter and paid a $35 million settlement in June 2026.
Cash and cash equivalents fell to $133,208 (in thousands), while current debt was $158,112 (in thousands) and non-current term debt $115,157 (in thousands). Subscribers decreased to 951,000 and paid downloads to 202.8 million, although average revenue per customer over the last twelve months rose to $292.
Shutterstock reported a sharp downturn for the quarter ended March 31, 2026. Revenue fell 18% year over year to $199.2 million, with Content revenue down 12% to $178.1 million and Data, Distribution, and Services revenue down 47% to $21.0 million, mainly from weaker data deals and softer new customer acquisition.
The company swung to a net loss of $47.6 million from net income of $18.7 million a year earlier. Results were hit by a $28.0 million legal contingency tied to an FTC investigation into disclosure and subscription practices and a $15.3 million unrealized loss on its Meitu investment. Operating cash flow declined to $17.4 million. Shutterstock ended the quarter with cash and cash equivalents of $162.5 million and total debt of about $274.0 million.
The proposed merger-of-equals with Getty Images remains in progress. U.S. antitrust review under the HSR Act has been cleared, while the U.K. CMA’s Phase 2 review runs to a statutory deadline of June 14, 2026 and is consulting on potential remedies, including possible divestitures of Rex Features, Backgrid and Splash News. In 2025, global Editorial revenue was $32.7 million, including $10.6 million from U.K. customers.
Shutterstock, Inc. reported Q3 2025 results with revenue of $260.1 million and net income of $13.4 million, or diluted EPS of $0.37. For the first nine months, revenue reached $769.7 million and net income was $61.5 million, supported by strong other income and disciplined costs.
Business mix shifted: Content revenue was $194.4 million in Q3, while Data, Distribution, and Services rose to $65.7 million. Operating income was $32.5 million. The effective tax rate for Q3 was 57.4%.
Cash and balance sheet: Cash and cash equivalents were $165.5 million. Year‑to‑date operating cash flow was $130.5 million. Deferred revenue was $211.6 million, and total debt included $155.0 million on the Revolver and $120.5 million on the Term Loan. Stockholders’ equity was $594.4 million.
Capital returns and equity: The company paid a $0.33 per‑share cash dividend in Q3 (total $11.7 million) and did not repurchase shares during the quarter. As of October 31, 2025, 35,513,216 common shares were outstanding.
Strategic update: The proposed merger with Getty Images advanced through key milestones, including stockholder approvals and an effective Form S‑4; the U.K. CMA referred the transaction to a Phase 2 review, and engagement with U.S. and U.K. regulators continues.