Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $494M | $557M | $623M | $651M | $667M | $773M | $828M | $875M | $935M | $990M |
| Revenue growth | — | 12.7% | 11.9% | 4.4% | 2.5% | 16.0% | 7.0% | 5.6% | 6.9% | 5.8% |
| Operating income | $45.8M | $26.3M | $32.5M | $20.2M | $85.3M | $108M | $93.6M | $68.4M | $68.7M | $75.1M |
| Operating margin | 9.3% | 4.7% | 5.2% | 3.1% | 12.8% | 14.0% | 11.3% | 7.8% | 7.3% | 7.6% |
| Net income | $32.6M | $16.7M | $54.7M | $20.1M | $71.8M | $91.9M | $76.1M | $110M | $35.9M | $45.5M |
| Net margin | 6.6% | 3.0% | 8.8% | 3.1% | 10.8% | 11.9% | 9.2% | 12.6% | 3.8% | 4.6% |
| EPS (diluted) | $0.91 | $0.47 | $1.54 | $0.57 | $1.97 | $2.46 | $2.08 | $3.04 | $1.01 | $1.25 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $101M | $108M | $102M | $103M | $165M | $216M | $158M | $141M | $32.6M | $167M |
| Capital expenditures | $40.0M | $55.1M | $34.9M | $26.1M | $25.6M | $28.1M | $43.3M | $44.6M | $47.2M | $42.9M |
| Free cash flow | $60.8M | $53.0M | $67.3M | $76.6M | $139M | $188M | $115M | $95.9M | -$14.6M | $124M |
| Share buybacks | $60.2M | $25.0M | $0.00 | $0.00 | $0.00 | $26.5M | $73.5M | $28.2M | $41.6M | $0.00 |
| Dividends paid | $0.00 | $0.00 | $105M | $0.00 | $24.4M | $30.7M | $34.6M | $38.7M | $42.4M | $46.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $224M | $253M | $231M | $303M | $429M | $314M | $115M | $100M | $111M | $178M |
| Total assets | $502M | $578M | $531M | $631M | $730M | $852M | $881M | $1.04B | $1.31B | $1.36B |
| Total liabilities | $215M | $263M | $245M | $302M | $308M | $383M | $434M | $509M | $791M | $775M |
| Long-term debt | — | — | — | — | — | — | — | $0.00 | $120M | $117M |
| Shareholders' equity | $287M | $315M | $287M | $328M | $422M | $468M | $447M | $527M | $518M | $581M |
| Retained earnings | $129M | $145M | $101M | $121M | $168M | $230M | $271M | $343M | $336M | $335M |
| Shares (wtd avg diluted) | 35.9M | 35.3M | 35.4M | 35.6M | 36.4M | 37.3M | 36.5M | 36.2M | 35.7M | 36.3M |
Every figure is extracted from Shutterstock, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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