$GETY

Getty Images Holdings, Inc.

CIK:0001898496|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 229,098	$ 234,882	$ 455,671	$ 458,959
Operating expenses:
Cost of revenue (exclusive of depreciation and amortization)	68,286	65,629	134,454	125,838
Selling, general and administrative expenses	101,498	105,066	203,685	203,334
Depreciation	15,805	15,535	31,878	30,482
Amortization	140	573	726	1,139
Loss on litigation	4,310	2,007	9,433	6,350
Other operating expenses – net	6,692	10,512	11,574	28,914
Total operating expenses	196,731	199,322	391,750	396,057
Income from operations	32,367	35,560	63,921	62,902
Other (expense) income, net:
Interest expense	(57,339)	(36,556)	(111,513)	(69,231)
Foreign exchange gain (loss) – net	6,211	(54,771)	20,985	(79,849)
Loss on extinguishment of debt	0	0	0	(5,474)
Other non-operating income (expense) – net	6,368	(1,935)	12,375	(4,029)
Total other expense – net	(44,760)	(93,262)	(78,153)	(158,583)
Loss before income taxes	(12,393)	(57,702)	(14,232)	(95,681)
Income tax (expense) benefit	(73,384)	23,343	(75,979)	(41,250)
Net loss	(85,777)	(34,359)	(90,211)	(136,931)
Net income attributable to non-controlling interest	530	710	160	710
Net loss attributable to Getty Images Holdings, Inc.	$ (86,307)	$ (35,069)	$ (90,371)	$ (137,641)
Net loss per share attributable to Class A Getty Images Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.21)	$ (0.08)	$ (0.22)	$ (0.33)
Diluted (in dollars per share)	$ (0.21)	$ (0.08)	$ (0.22)	$ (0.33)
Weighted-average Class A common shares outstanding:
Basic (in shares)	419,598,181	413,741,878	418,574,308	413,110,883
Diluted (in shares)	419,598,181	413,741,878	418,574,308	413,110,883

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (90,211)	$ (136,931)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	32,604	31,621
Foreign currency (gain) losses on foreign denominated debt	(13,275)	57,141
Equity-based compensation	6,335	8,311
Debt extinguishment	0	5,474
Deferred income taxes – net	63,647	26,118
Uncertain tax positions	(1,374)	(618)
Amortization of debt issuance costs	3,743	4,318
Non-cash operating lease costs	4,504	6,286
Other	1,354	6,233
Changes in assets and liabilities:
Accounts receivable	37,055	(6,610)
Accounts payable	(1,322)	5,165
Accrued expenses	(21,375)	(3,142)
Insurance recovery receivable	32,735	7,381
Litigation reserves	(105,849)	3,008
Lease liabilities, non-current	(5,363)	(7,257)
Income taxes receivable/payable	(8,622)	(1,165)
Interest payable	917	9,616
Deferred revenue	(6,984)	6,842
Other	2,787	139
Net cash (used in) provided by operating activities	(68,694)	21,930
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(29,899)	(31,817)
Net cash used in investing activities	(29,899)	(31,817)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt	120,000	1,040,872
Debt refinancing costs	(876)	(39,196)
Payment of debt	(42,927)	(1,024,278)
Proceeds from common stock issuance	1,019	1,303
Payment of taxes associated with equity-based compensation	(49)	0
Net cash provided by (used in) financing activities	77,167	(21,299)
Effects of exchange rates fluctuations	(5,985)	20,262
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(27,411)	(10,924)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – Beginning of period	725,307	125,304
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – End of period	697,896	114,380
SUPPLEMENTAL DISCLOSURES:
Interest paid	106,654	55,646
Income taxes paid, including foreign taxes withheld	$ 16,494	$ 23,464

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 51,621	$ 90,183
Restricted cash	646,275	635,124
Accounts receivable – net of allowance of $5,754 and $5,338, respectively	169,143	208,468
Prepaid expenses	18,073	20,786
Insurance recovery receivable	2,219	34,954
Taxes receivable	10,541	10,342
Other current assets	10,213	11,526
Total current assets	908,085	1,011,383
Property and equipment, net	177,222	184,189
Operating lease right-of-use assets	20,604	24,262
Goodwill	1,512,727	1,516,265
Intangible assets, net of accumulated amortization	407,055	414,699
Deferred income taxes, net	0	57,977
Other assets	31,419	31,513
Total assets	3,057,112	3,240,288
Current liabilities:
Accounts payable	105,277	114,231
Accrued expenses	66,982	89,854
Short-term debt, net	702,130	696,474
Income taxes payable	8,515	13,772
Litigation reserves	99,475	205,324
Deferred revenue	178,975	188,338
Total current liabilities	1,161,354	1,307,993
Long-term debt, net	1,332,773	1,270,888
Lease liabilities	20,923	23,553
Deferred income taxes, net	21,171	14,217
Uncertain tax positions	19,747	21,122
Other long-term liabilities	2,186	1,889
Total liabilities	2,558,154	2,639,662
Commitments & contingencies (Note 11)
Stockholders’ equity:
Class A common stock, $0.0001 par value: 2.0 billion shares authorized; 421.0 million shares issued and outstanding as of June 30, 2026 and 417.2 million shares issued and outstanding as of December 31, 2025	42	42
Additional paid-in capital	2,047,528	2,039,751
Accumulated deficit	(1,519,976)	(1,429,605)
Accumulated other comprehensive loss	(76,880)	(57,646)
Total Getty Images Holdings, Inc. stockholders’ equity	450,714	552,542
Non-controlling interest	48,244	48,084
Total stockholders’ equity	498,958	600,626
Total liabilities and stockholders’ equity	$ 3,057,112	$ 3,240,288