SHOPIFY INC.
For the period ended Jun 30, 2025. Filed Aug 6, 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.
Jun 30, 2025 · Filed Aug 6, 2025
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7. Intangible Assets
- Intangible Assets
| June 30, 2025 | |||
|---|---|---|---|
| Cost | Accumulated amortization | Net book value | |
| (in US $ millions) | |||
| Acquired technology | 92 | 57 | 35 |
| Other intangible assets | 5 | 4 | 1 |
| Software development costs | 14 | 14 | — |
| 111 | 75 | 36 | |
| 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 June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (in US $ millions) | ||||
| Cost of revenues | 2 | 4 | 4 | 8 |
| Research and development | 1 | — | 2 | — |
| 3 | 4 | 6 | 8 | |
Estimated future amortization expense related to intangible assets, as of June 30, 2025 is as follows:
| Fiscal Year | Amount |
|---|---|
| (in US $ millions) | |
| 2025 | 6 |
| 2026 | 9 |
| 2027 | 8 |
| Thereafter | 2 |
| Total | 25 |
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