SHOPIFY INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 11, 2025
SHOP$146.61-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(Expressed in US $ millions, except share and per share amounts)
| Years ended | |||
|---|---|---|---|
| December 31, 2024 | December 31, 2023 | December 31, 2022 | |
| Revenues | |||
| Subscription solutions | 2,350 | 1,837 | 1,488 |
| Merchant solutions | 6,530 | 5,223 | 4,112 |
| 8,880 | 7,060 | 5,600 | |
| Cost of revenues | |||
| Subscription solutions | 434 | 354 | 331 |
| Merchant solutions | 3,974 | 3,191 | 2,515 |
| 4,408 | 3,545 | 2,846 | |
| Gross profit | 4,472 | 3,515 | 2,754 |
| Operating expenses | |||
| Sales and marketing | 1,393 | 1,220 | 1,230 |
| Research and development | 1,367 | 1,730 | 1,503 |
| General and administrative | 410 | 491 | 708 |
| Transaction and loan losses | 227 | 152 | 135 |
| Impairment on sales of Shopify's logistics businesses | — | 1,340 | — |
| Total operating expenses | 3,397 | 4,933 | 3,576 |
| Income (loss) from operations | 1,075 | (1,418) | (822) |
| Other income (expense), net | |||
| Interest income | 308 | 241 | 75 |
| Net realized gain (loss) on equity and other investments | 3 | (5) | 124 |
| Net unrealized gain (loss) on equity and other investments | 988 | 1,424 | (2,998) |
| Net loss on equity method investment | (138) | (58) | — |
| Foreign exchange (loss) gain | (8) | 1 | (2) |
| Total other income (expense), net | 1,153 | 1,603 | (2,801) |
| Income before income taxes | 2,228 | 185 | (3,623) |
| (Provision for) recovery of income taxes | (209) | (53) | 163 |
| Net income (loss) | 2,019 | 132 | (3,460) |
| Net income per share attributable to shareholders: | |||
| Basic | $1.57 | $0.10 | $(2.73) |
| Diluted | $1.55 | $0.10 | $(2.73) |
| Weighted average shares used to compute net income (loss) per share attributable to shareholders: | |||
| Basic | 1,289,812,124 | 1,281,554,559 | 1,266,268,155 |
| Diluted | 1,301,509,980 | 1,295,511,385 | 1,266,268,155 |
| Other comprehensive (loss) income | |||
| Unrealized (loss) gain on cash flow hedges | (19) | 20 | (10) |
| Tax effect on unrealized (loss) gain on cash flow hedges | 5 | — | — |
| Total other comprehensive (loss) income | (14) | 20 | (10) |
| Comprehensive income (loss) | 2,005 | 152 | (3,470) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.