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Shutterstock (SSTK) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Shutterstock (SSTK) reported revenue of $199M for the first quarter 2026 (Q1 2026), -18% from a year earlier and -10% from the quarter before. Operating margin was -15.5%, net loss $47.6M (23.9% of revenue).
Shutterstock, Q1 2026: revenue $199M (-18% year over year), operating margin -15.5%, net loss $47.6M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | -10% | -18% |
| Operating profit | −$31.0M | — | -403% |
| Net earnings | −$47.6M | — | -355% |
| Operating cash flow | $17.4M | -52% | -31% |
| Free cash flow | $13.1M | — | -44% |
What changed
Revenue was $199.2M in Q1 2026, down 18% year over year and down 10% from the previous quarter. Content was the largest line at 89% of revenue. Content lost $24.8M year over year (down 12%), 57% of the total change.
Operating costs exceeded revenue by $31.0M, an operating margin of -15.5%. Total costs fell 1% while revenue fell 18%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $47.6M, wider than the previous quarter's $16.0M loss.
Operating cash flow was $17.4M (down 31% year over year). Non-cash charges added back $22.7M of depreciation and amortization and $13.4M of share-based compensation. Working capital and other items added $28.9M. After capital expenditures, net ($4.0M) and content acquisitions ($191K), adjusted free cash flow as the company reports it was $13.1M.
Questions
What was Shutterstock's revenue in the first quarter 2026?
Shutterstock (SSTK) reported revenue of $199M for the first quarter 2026 (Q1 2026), -18% from a year earlier and -10% from the quarter before.
Was Shutterstock profitable in the first quarter 2026?
Operating loss was $31.0M (-15.5% of revenue) and net loss $47.6M.
Source: Shutterstock 10-Q on SEC EDGAR.