Shutterstock, Inc. (SSTK) Cost of Revenue (2011 - 2026)

Shutterstock has disclosed Cost of Revenue across 16 years of filings, most recently posting $48.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 52.08% year-over-year to $48.3 million; the TTM figure through Mar 2026 stood at $450.8 million (up 26.71% YoY), while the FY2025 annual figure was $406.8 million, up 82.68% from the prior year.
• Cost of Revenue eased to $48.3 million in Q1 2026, from $237.1 million in the prior quarter.
• Over the last five years, Cost of Revenue for SSTK reached as high as $237.1 million in Q4 2025 and fell as low as -$42.0 million in Q4 2023.
• The 5-year median for Cost of Revenue is $77.0 million (2022), against an average of $76.4 million.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 745.61% — and 2023, when it tumbled 187.93%.
• A 5-year view of Cost of Revenue shows it stood at $47.8 million in 2022, then plunged by 187.93% to -$42.0 million in 2023, then surged by 240.75% to $59.2 million in 2024, then jumped by 300.53% to $237.1 million in 2025, then plunged by 79.61% to $48.3 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $48.3 million, $237.1 million, and $59.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.