Filing Flows › Shutterstock (SSTK) › Q4 2025
Shutterstock (SSTK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Shutterstock (SSTK) reported revenue of $220M for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -15% from the quarter before. Operating margin was -1.1%, net loss $16.0M (7.3% of revenue).
Shutterstock, Q4 2025: revenue $220M (-12% year over year), operating margin -1.1%, net loss $16.0M, operating cash flow $36.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | -15% | -12% |
| Operating profit | −$2.4M | -107% | — |
| Net earnings | −$16.0M | -220% | — |
| Operating cash flow | $36.2M | -54% | +355% |
| Free cash flow | $33.4M | — | — |
What changed
Revenue was $220.2M in Q4 2025, down 12% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $2.4M, an operating margin of -1.1%. Total costs fell 6% while revenue fell 12%. The fastest-growing cost line was Research & development (+38%). The quarter ended with a net loss of $16.0M, after a profit of $13.4M the previous quarter. Net interest and other expense of $17.3M was the main reason.
Operating cash flow was $36.2M (up 355% year over year). Non-cash charges added back $22.7M of depreciation and amortization and $14.6M of share-based compensation. Working capital and other items added $14.9M. After capital expenditures, net ($2.4M) and content acquisitions ($379K), adjusted free cash flow as the company reports it was $33.4M.
Questions
What was Shutterstock's revenue in the fourth quarter 2025?
Shutterstock (SSTK) reported revenue of $220M for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -15% from the quarter before.
Was Shutterstock profitable in the fourth quarter 2025?
Operating loss was $2.4M (-1.1% of revenue) and net loss $16.0M.
Source: Shutterstock 10-K on SEC EDGAR.