Flagship explainer

How SHUTTERSTOCK, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$990M · 100%Cost of revenue$407M · 41%Gross profit$583M · 59%Operating income$75.1M · 8%Income before tax$75.3M · 8%Income tax$29.8M · 3%Net income$45.5M · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$990M100%
Cost of revenue$407M41%
$583M59%
$75.1M8%
Income before tax$75.3M8%
Income tax$29.8M3%
$45.5M5%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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