SHOPIFY INC.
For the period ended Sep 30, 2025. Filed Nov 4, 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.
Sep 30, 2025 · Filed Nov 4, 2025
SHOP$146.61-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Expressed in US $ millions, except share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 2,414 | 1,498 |
| Marketable securities | 3,935 | 3,981 |
| Trade and other receivables, net | 396 | 342 |
| Loans and merchant cash advances, net | 1,733 | 1,224 |
| Other current assets | 227 | 209 |
| 8,705 | 7,254 | |
| Long-term assets | ||
| Property and equipment, net | 51 | 47 |
| Operating lease right-of-use assets, net | 94 | 93 |
| Intangible assets, net | 33 | 22 |
| Deferred tax assets | 29 | 37 |
| Other long-term assets | 23 | 21 |
| Long-term investments | 676 | 709 |
| Equity and other investments ($3,389 and $3,930, carried at fair value) | 4,363 | 4,647 |
| Equity method investment | 574 | 642 |
| Goodwill | 491 | 452 |
| 6,334 | 6,670 | |
| Total assets | 15,039 | 13,924 |
| Liabilities and shareholders’ equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 974 | 737 |
| Deferred revenue | 300 | 283 |
| Operating lease liabilities | 19 | 18 |
| Convertible senior notes | 920 | 918 |
| 2,213 | 1,956 | |
| Long-term liabilities | ||
| Deferred revenue | 110 | 147 |
| Operating lease liabilities | 176 | 190 |
| Deferred tax liabilities | 29 | 73 |
| 315 | 410 | |
| Contingencies (Note 11) | ||
| Shareholders’ equity | ||
| Common stock, unlimited Class A subordinate voting shares authorized, 1,222,039,069 and 1,215,229,233, issued and outstanding; unlimited Class B restricted voting shares authorized, 79,241,982 and 79,350,906 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding | 10,123 | 9,634 |
| Additional paid-in capital | 272 | 305 |
| Accumulated other comprehensive loss | (1) | (10) |
| Accumulated surplus | 2,117 | 1,629 |
| Total shareholders’ equity | 12,511 | 11,558 |
| Total liabilities and shareholders’ equity | 15,039 | 13,924 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.