Shopify Financial Statements From 2010 to 2025

Shopify Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Common Stock Shares Outstanding 1.2 B 1.3 B 1 B Slightly volatile Total Assets 14.6 B 13.9 B 5 B Slightly volatile Short and Long Term Debt Total 1.4 B 1.3 B 473.3 M Slightly volatile Other Current Liabilities 12.3 M 13 M 49.1 M Slightly volatile Total Current Liabilities 2.1 B 2 B 476.2 M Slightly volatile Total Stockholder Equity 12.1 B 11.6 B 4.1 B Slightly volatile Other Liabilities 342.7 M 326.4 M 106 M Slightly volatile Property Plant And Equipment Net 160.4 M 140 M 120.2 M Slightly volatile Current Deferred Revenue 364.7 M 347.3 M 113.6 M Slightly volatile Accounts Payable 378 M 360 M 136.8 M Slightly volatile Cash 1 B 1.5 B 785.9 M Slightly volatile Non Current Assets Total 7 B 6.7 B 1.9 B Slightly volatile Cash And Short Term Investments 3 B 5.8 B 2.5 B Slightly volatile Net Receivables 357.4 M 280 M 266.2 M Slightly volatile Good Will 346.2 M 452 M 258.1 M Slightly volatile Common Stock Total Equity 7.4 B 7 B 2.9 B Slightly volatile Short Term Investments 2.2 B 4 B 1.7 B Slightly volatile Liabilities And Stockholders Equity 13.6 B 13 B 4.9 B Slightly volatile Non Current Liabilities Total 556.3 M 410 M 414.1 M Slightly volatile Inventory 24.7 M 26 M 126.4 M Slightly volatile Other Current Assets 135.2 M 128.8 M 47 M Slightly volatile Other Stockholder Equity 303.1 M 288.6 M 95.5 M Slightly volatile Total Liabilities 2.5 B 2.4 B 882.4 M Slightly volatile Property Plant And Equipment Gross 190.3 M 310 M 142.5 M Slightly volatile Total Current Assets 3.8 B 7.3 B 2.9 B Slightly volatile Short Term Debt 20.5 M 19.6 M 7.4 M Slightly volatile Intangible Assets 20.9 M 22 M 60.3 M Slightly volatile Common Stock 11.1 B 10.6 B 3.8 B Slightly volatile Property Plant Equipment 586.8 M 558.9 M 194.2 M Slightly volatile Deferred Long Term Liabilities 3.3 M 3.2 M 1.8 M Slightly volatile Capital Surpluse 33 M 34.7 M 51.8 M Slightly volatile Capital Lease Obligations 189.4 M 208 M 113.9 M Slightly volatile Cash And Equivalents 1.3 B 1.9 B 842 M Slightly volatile Net Invested Capital 7.8 B 12.5 B 4.5 B Slightly volatile Net Working Capital 4.9 B 5.3 B 2.9 B Slightly volatile Capital Stock 7.4 B 9.6 B 4.5 B Slightly volatile Other Assets 44.4 M 46.9 M 29.3 M Slightly volatile Long Term Debt 962 M 1.1 B 818.4 M Slightly volatile Long Term Investments 3.6 B 6 B 1.3 B Slightly volatile Short and Long Term Debt 734.4 M 826.2 M 900.8 M Slightly volatile
Shopify Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 84.5 M 80.5 M 36.3 M Slightly volatile Interest Expense 1.3 M 1.3 M 6.2 M Pretty Stable Selling General Administrative 1.9 B 1.8 B 372 M Slightly volatile Selling And Marketing Expenses 1.5 B 1.4 B 511.5 M Slightly volatile Total Revenue 9.3 B 8.9 B 2.7 B Slightly volatile Gross Profit 4.7 B 4.5 B 1.4 B Slightly volatile Other Operating Expenses 10.2 B 9.7 B 2.9 B Slightly volatile Research Development 1.4 B 1.4 B 521 M Slightly volatile Cost Of Revenue 4.6 B 4.4 B 1.3 B Slightly volatile Total Operating Expenses 8.2 B 7.8 B 1.9 B Slightly volatile Interest Income 292.6 M 308 M 414.2 M Slightly volatile Net Interest Income 323.4 M 308 M 66.9 M Slightly volatile Reconciled Depreciation 57.6 M 36 M 40 M Slightly volatile
Shopify Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Stock Based Compensation 451.5 M 430 M 185.2 M Slightly volatile Begin Period Cash Flow 831.5 M 1.4 B 668.4 M Slightly volatile Other Cashflows From Financing Activities 39.1 M 69 M 33.5 M Slightly volatile Depreciation 37.9 M 36 M 30.4 M Slightly volatile Capital Expenditures 34.3 M 19 M 27.7 M Slightly volatile Total Cash From Financing Activities 58 M 61 M 514 M Pretty Stable End Period Cash Flow 956.7 M 1.5 B 768.7 M Slightly volatile Sale Purchase Of Stock 19.2 M 20.2 M 445.3 M Pretty Stable Change To Liabilities 412.6 M 393 M 143.8 M Slightly volatile Net Borrowings 726.4 M 817.2 M 890.9 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 25.56 15.4443 26.407 Slightly volatile PTB Ratio 15.36 11.8659 15.8934 Slightly volatile Days Sales Outstanding 9.84 10.3581 33.5958 Slightly volatile Book Value Per Share 9.41 8.961 3.3172 Slightly volatile Stock Based Compensation To Revenue 0.0508 0.0484 0.0562 Slightly volatile Capex To Depreciation 0.5 0.5278 1.7449 Slightly volatile PB Ratio 15.36 11.8659 15.8934 Slightly volatile EV To Sales 22.95 15.4024 24.3505 Slightly volatile Inventory Turnover 160 153 83.9881 Slightly volatile Days Of Inventory On Hand 2.35 2.48 9.1812 Slightly volatile Payables Turnover 12.86 12.2444 7.0459 Slightly volatile Sales General And Administrative To Revenue 0.0434 0.0457 0.0859 Pretty Stable Average Inventory 0.43 0.45 1.4 M Very volatile Research And Ddevelopement To Revenue 0.24 0.1539 0.2277 Slightly volatile Capex To Revenue 0.002 0.0021 0.0556 Slightly volatile Cash Per Share 4.46 4.2479 2.1438 Slightly volatile Days Payables Outstanding 28.32 29.8094 59.3142 Slightly volatile Intangibles To Total Assets 0.0494 0.034 0.0559 Slightly volatile Current Ratio 6.97 3.7086 8.6086 Very volatile Tangible Book Value Per Share 9.02 8.5935 3.0534 Slightly volatile Receivables Turnover 37.0 35.2381 15.5206 Pretty Stable Graham Number 9.83 17.7654 7.4859 Slightly volatile Shareholders Equity Per Share 9.41 8.961 3.3172 Slightly volatile Debt To Equity 0.0622 0.0974 0.0633 Slightly volatile Capex Per Share 0.0229 0.0147 0.025 Slightly volatile Graham Net Net 1.51 2.5701 1.5217 Slightly volatile Average Receivables 8.2 M 12.4 M 10.7 M Slightly volatile Revenue Per Share 7.23 6.8847 2.1465 Slightly volatile Interest Debt Per Share 0.92 0.873 0.3578 Slightly volatile Debt To Assets 0.0499 0.0809 0.0509 Slightly volatile Short Term Coverage Ratios 1.41 1.58 1.7272 Slightly volatile Operating Cycle 11.89 12.511 41.3921 Pretty Stable Price Book Value Ratio 15.36 11.8659 15.8934 Slightly volatile Days Of Payables Outstanding 28.32 29.8094 59.3142 Slightly volatile Ebt Per Ebit 1.77 2.0726 2.008 Slightly volatile Company Equity Multiplier 0.97 1.2047 1.1763 Very volatile Long Term Debt To Capitalization 0.0982 0.0736 0.1002 Slightly volatile Total Debt To Capitalization 0.0559 0.0888 0.057 Slightly volatile Debt Equity Ratio 0.0622 0.0974 0.0633 Slightly volatile Quick Ratio 6.94 3.6953 8.5704 Very volatile Net Income Per E B T 1.12 0.9062 1.1864 Slightly volatile Cash Ratio 0.73 0.7658 3.8032 Slightly volatile Days Of Inventory Outstanding 2.35 2.48 9.1812 Slightly volatile Days Of Sales Outstanding 9.84 10.3581 33.5958 Slightly volatile Price To Book Ratio 15.36 11.8659 15.8934 Slightly volatile Fixed Asset Turnover 66.6 63.4286 20.0159 Slightly volatile Debt Ratio 0.0499 0.0809 0.0509 Slightly volatile Price Sales Ratio 25.56 15.4443 26.407 Slightly volatile Asset Turnover 0.67 0.6377 0.5967 Pretty Stable Gross Profit Margin 0.63 0.5036 0.6032 Slightly volatile Price Fair Value 15.36 11.8659 15.8934 Slightly volatile
Shopify Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 144 B 137.1 B 51.7 B Slightly volatile Enterprise Value 143.6 B 136.8 B 51.3 B Slightly volatile

Shopify Fundamental Market Drivers

About Shopify Financial Statements

Pair Trading with Shopify

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shopify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shopify will appreciate offsetting losses from the drop in the long position's value.When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:

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Earnings Projections Details

Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.