SHOPIFY INC
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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7. Intangible Assets
- Intangible Assets
| March 31, 2025 | |||
|---|---|---|---|
| Cost | Accumulated amortization | Net book value | |
| (in US $ millions) | |||
| Acquired technology | 92 | 54 | 38 |
| Other intangible assets | 5 | 4 | 1 |
| Software development costs | 14 | 14 | — |
| 111 | 72 | 39 | |
| December 31, 2024 | |||
|---|---|---|---|
| Cost | Accumulated amortization | Net book value | |
| (in US $ millions) | |||
| Acquired technology | 72 | 51 | 21 |
| Other intangible assets | 5 | 4 | 1 |
| Software development costs | 14 | 14 | — |
| 91 | 69 | 22 | |
The following table illustrates the classification of amortization expense related to intangible assets in the condensed consolidated statements of operations and comprehensive income (loss):
| Three months ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| (in US $ millions) | ||
| Cost of revenues | 2 | 4 |
| Research and development | 1 | — |
| 3 | 4 | |
Estimated future amortization expense related to intangible assets, as of March 31, 2025 is as follows:
| Fiscal Year | Amount |
|---|---|
| (in US $ millions) | |
| 2025 | 9 |
| 2026 | 9 |
| 2027 | 8 |
| Thereafter | 2 |
| Total | 28 |
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