SHOPIFY INC.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
SHOP$152.06+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In US $ millions, except share amounts)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 1,545 | 1,498 |
| Marketable securities | 4,233 | 3,981 |
| Trade and other receivables, net | 500 | 342 |
| Loans and merchant cash advances, net | 1,784 | 1,224 |
| Other current assets | 234 | 209 |
| 8,296 | 7,254 | |
| Long-term assets | ||
| Property and equipment, net | 53 | 47 |
| Operating lease right-of-use assets, net | 88 | 93 |
| Intangible assets, net | 30 | 22 |
| Deferred tax assets | 33 | 37 |
| Other long-term assets | 39 | 21 |
| Long-term investments | 975 | 709 |
| Equity and other investments ($3,619 and $3,930, carried at fair value) | 4,582 | 4,647 |
| Equity method investment | 602 | 642 |
| Goodwill | 491 | 452 |
| 6,893 | 6,670 | |
| Total assets | 15,189 | 13,924 |
| Liabilities and shareholders’ equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 1,075 | 737 |
| Deferred revenue | 300 | 283 |
| Operating lease liabilities | 17 | 18 |
| Convertible senior notes | — | 918 |
| 1,392 | 1,956 | |
| Long-term liabilities | ||
| Deferred revenue | 98 | 147 |
| Operating lease liabilities | 171 | 190 |
| Deferred tax liabilities | 55 | 73 |
| 324 | 410 | |
| Contingencies (Note 17) | ||
| Shareholders’ equity | ||
| Common stock, unlimited Class A subordinate voting shares authorized, 1,225,830,706 and 1,215,229,233, issued and outstanding; unlimited Class B restricted voting shares authorized, 78,073,594 and 79,350,906 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding | 10,376 | 9,634 |
| Additional paid-in capital | 236 | 305 |
| Accumulated other comprehensive income (loss) | 1 | (10) |
| Accumulated surplus | 2,860 | 1,629 |
| Total shareholders’ equity | 13,473 | 11,558 |
| Total liabilities and shareholders’ equity | 15,189 | 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.