Diligence memo · CIK 0001594805
Shopify Inc. SHOP
$159.83B
market cap · Financial Modeling Prep
Overview
As of 2026-03-31, Shopify held $1.848B [cash] in cash and equivalents and $3.895B [shortTermInvestments] in short-term investments, against total assets of $14.121B [totalAssets] and stockholders' equity of $12.501B [equity]. Revenue was $7.06B [revenue] for the fiscal year ended 2023-12-31. Net income was $1.231B [netIncome] for the fiscal year ended 2025-12-31. Operating cash flow was $2.033B [operatingCashFlow] for the fiscal year ended 2025-12-31, which was positive [ocfPositive].
Written from the metrics below and nothing else; bracketed keys cite the source row.
Balance Sheet
| Cash & equivalents | $1.85B | 2026-03-31 | 10-Q Q1 2026 · 0001594805-26-000019 ↗ |
| Short-term investments | $3.90B | 2026-03-31 | 10-Q Q1 2026 · 0001594805-26-000019 ↗ |
| Total assets | $14.12B | 2026-03-31 | 10-Q Q1 2026 · 0001594805-26-000019 ↗ |
| Stockholders' equity | $12.50B | 2026-03-31 | 10-Q Q1 2026 · 0001594805-26-000019 ↗ |
Performance (latest fiscal year)
| Revenue (FY) | $7.06B | 2023-12-31 | 40-F FY 2022 · 0001594805-24-000007 ↗ |
| Net income (FY) | $1.23B | 2025-12-31 | 10-K FY 2025 · 0001594805-26-000007 ↗ |
| Operating cash flow (FY) | $2.03B | 2025-12-31 | 10-K FY 2025 · 0001594805-26-000007 ↗ |
Liquidity
| Operating cash flow positive (no implied burn) | $2.03B | 2025-12-31 | ƒ operatingCashFlow >= 0 |