← SHOPIFY INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $84.0m | $141.7m | $410.7m | $649.9m | $2.7b | $2.5b | $1.6b | $1.4b | $1.5b | $1.5b | |
| Prepaid Expense and Other Assets, Current | $9.0m | $18.6m | $26.2m | $48.8m | $68.2m | $103.3m | $144.0m | $169.0m | $209.0m | $234.0m | |
| Inventory, Net | $522k | $1.6m | — | — | — | — | — | $19.0m | $26.0m | $21.0m | |
| Assets, Current | $422.9m | $1.0b | $2.1b | $2.7b | $6.9b | $8.5b | $6.0b | $6.3b | $7.3b | $8.3b | |
| Property, Plant and Equipment, Net | $45.7m | $50.4m | $61.6m | $111.4m | $92.1m | $105.5m | $131.0m | $49.0m | $47.0m | $53.0m | |
| Goodwill | $15.5m | $20.3m | $38.0m | $311.9m | $311.9m | $356.5m | $1.8b | $427.0m | $452.0m | $491.0m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | $390.0m | $29.0m | $22.0m | $30.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $134.8m | $119.4m | $196.4m | $355.0m | $98.0m | $93.0m | $88.0m | |
| Other Assets, Noncurrent | — | — | — | — | — | — | — | $0 | $21.0m | $39.0m | |
| Additional Financial Items | |||||||||||
| Assets | $490.6m | $1.1b | $2.3b | $3.5b | $7.8b | $13.3b | $10.8b | $11.3b | $13.9b | $15.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $9.1m | $10.1m | $15.7m | $18.0m | $17.0m | $18.0m | $17.0m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $142.6m | $144.8m | $246.8m | $465.0m | $217.0m | $190.0m | $171.0m | |
| Deferred Revenue, Current | $20.2m | $30.7m | $1.9m | $6.0m | $21.0m | $162.9m | $267.5m | $196.0m | — | — | |
| Deferred Revenue, Noncurrent | $922k | $1.4m | $1.9m | $6.0m | $21.0m | $162.9m | $267.5m | $196.0m | — | — | |
| Liabilities, Current | $66.5m | $94.8m | $138.7m | $316.4m | $438.3m | $702.7m | $856.0m | $898.0m | $2.0b | $1.4b | |
| Deferred Income Tax Liabilities, Net | — | $1.4m | $1.1m | $8.8m | $0 | $183.4m | $16.0m | $6.0m | $73.0m | $55.0m | |
| Deferred Tax Liabilities, Net | — | $1.4m | $1.1m | $8.8m | $0 | $135.1m | $16.3m | $6.0m | $36.0m | $22.0m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $468.5m | $1.1b | $2.2b | $3.3b | $6.1b | $8.0b | $8.7b | $9.2b | $9.6b | $10.4b | |
| Additional Paid in Capital | $27.0m | $43.4m | $74.8m | $62.6m | $261.4m | $161.1m | $30.0m | $251.0m | $305.0m | $236.0m | |
| Retained Earnings (Accumulated Deficit) | ($83.2m) | ($123.2m) | ($187.8m) | ($304.2m) | $15.3m | $2.9b | ($522.0m) | ($390.0m) | $1.6b | $2.9b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($1.8m) | $3.4m | ($12.2m) | $1.0m | $8.8m | ($6.0m) | ($16.0m) | $4.0m | ($10.0m) | $1.0m | |
| Stockholders' Equity Attributable to Parent | $410.5m | $1.0b | $2.1b | $3.0b | $6.4b | $11.1b | $8.2b | $9.1b | $11.6b | $13.5b | |
| Liabilities and Equity | $490.6m | $1.1b | $2.3b | $3.5b | $7.8b | $13.3b | $10.8b | $11.3b | $13.9b | $15.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.