Shopify market cap is C$228.7 b, and annual revenue was $2.93 b in FY 2020

Shopify Gross profit (FY, 2020)1.5 B

Shopify Gross profit margin (FY, 2020), %52.6%

Shopify Net income (FY, 2020)319.5 M

Shopify EBIT (FY, 2020)90.2 M

Shopify revenue was $2.93 b in FY, 2020

Shopify revenue breakdown by business segment: 59.3% from Merchant Solutions and 40.7% from Subscription Solutions

Shopify revenue breakdown by geographic segment: 6.6% from United Kingdom, 6.1% from Canada, 14.6% from Rest of World, 68.4% from United States and 4.3% from Other

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Revenue | 673.3m | 1.1b | 1.6b | 2.9b |

| 73% | 59% | 47% | |

## Cost of goods sold | 293.1m | 477.0m | 712.5m | 1.4b |

## Gross profit | 380.3m | 596.3m | 865.6m | 1.5b |

| 56% | 56% | 55% | 53% |

## Sales and marketing expense | 225.7m | 350.1m | 472.8m | 602.0m |

## R&D expense | 136.0m | 230.7m | 355.0m | 552.1m |

## General and administrative expense | 67.7m | 107.4m | 178.9m | 245.3m |

## Operating expense total | 429.4m | 688.2m | 1.0b | 1.5b |

## EBIT | (49.2m) | (91.9m) | (141.1m) | 90.2m |

| (7%) | (9%) | (9%) | 3% |

## Interest expense | 23.4m | |||

## Interest income | 7.9m | 29.4m | 48.2m | |

## Pre tax profit | (95.8m) | |||

## Income tax expense | 29.0m | (79.1m) | ||

## Net Income | (40.0m) | (64.6m) | (124.8m) | 319.5m |

## EPS | (0.4) | (0.6) | (1.1) |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 214.3m | 245.0m | 270.1m | 320.5m | 362.0m | 390.6m | 470.0m | 714.3m | 767.4m |

## Cost of goods sold | 90.5m | 108.0m | 120.3m | 140.2m | 157.2m | 173.9m | 213.1m | 339.3m | 362.3m |

## Gross profit | 123.8m | 137.0m | 149.7m | 180.3m | 204.8m | 216.7m | 257.0m | 375.0m | 405.1m |

| 58% | 56% | 55% | 56% | 57% | 55% | 55% | 53% | 53% |

## Sales and marketing expense | 75.8m | 87.5m | 91.6m | 105.0m | 119.2m | 116.5m | 154.9m | 144.9m | 147.6m |

## R&D expense | 47.7m | 54.3m | 61.6m | 76.4m | 85.5m | 90.4m | 116.4m | 133.2m | 143.4m |

## General and administrative expense | 20.7m | 25.9m | 27.8m | 34.7m | 39.7m | 45.4m | 44.8m | 83.3m | 51.8m |

## Operating expense total | 144.2m | 167.7m | 181.1m | 216.1m | 244.4m | 252.4m | 330.2m | 374.8m | 354.6m |

## EBIT | (20.3m) | (30.8m) | (31.4m) | (35.8m) | (39.6m) | (35.7m) | (73.2m) | 284.0k | 50.6m |

| (9%) | (13%) | (12%) | (11%) | (11%) | (9%) | (16%) | 0% | 7% |

## Interest income | 4.6m | 7.4m | 8.1m | 12.1m | 12.2m | 11.6m | |||

## Pre tax profit | (24.4m) | (60.1m) | 4.4m | 186.4m | |||||

## Income tax expense | 48.3m | (28.7m) | (31.6m) | (4.7m) | |||||

## Net Income | (15.9m) | (24.0m) | (23.2m) | (24.2m) | (28.7m) | (72.8m) | (31.4m) | 36.0m | 191.1m |

## EPS | (0.2) | (0.2) | (0.2) | (0.2) | (0.3) | (0.6) | (0.3) | 0.3 | 1.5 |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Cash | 141.7m | 410.7m | 649.9m | |

## Accounts Receivable | 7.1m | 11.2m | 9.7m | |

## Prepaid Expenses | 7.2m | 12.9m | 20.8m | |

## Current Assets | 1.0b | 2.1b | 2.7b | |

## PP&E | 50.4m | 61.6m | 111.4m | |

## Goodwill | 20.3m | 38.0m | 311.9m | |

## Total Assets | 1.1b | 2.3b | 3.5b | |

## Accounts Payable | 44.3m | 61.3m | 90.5m | |

## Short-term debt | 1.5m | 2.6m | 9.1m | |

## Current Liabilities | 94.8m | 138.7m | 316.4m | |

## Long-term debt | 15.0m | 22.3m | 142.6m | |

## Non-Current Liabilities | 17.7m | 25.3m | 157.4m | |

## Total Debt | 16.5m | 24.9m | 151.7m | |

## Total Liabilities | 112.5m | 164.0m | 473.7m | |

## Common Stock | 1.1b | 2.2b | 3.3b | 110.9m |

## Additional Paid-in Capital | 43.4m | 74.8m | 62.6m | |

## Retained Earnings | (123.2m) | (187.8m) | (304.2m) | |

## Total Equity | 1.0b | 2.1b | 3.0b | |

## Debt to Equity Ratio | 0 x | 0 x | 0.1 x | |

## Debt to Assets Ratio | 0 x | 0 x | 0 x | |

## Financial Leverage | 1.1 x | 1.1 x | 1.2 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|---|

## Net Income | (40.0m) | (64.6m) | (124.8m) | 319.5m |

## Depreciation and Amortization | 23.4m | 27.1m | 35.7m | 70.1m |

## Accounts Receivable | (13.0m) | (32.6m) | (56.2m) | (29.1m) |

## Accounts Payable | 15.4m | 20.6m | 84.6m | 118.6m |

## Cash From Operating Activities | 79.0m | 9.3m | 70.6m | 425.0m |

## Purchases of PP&E | (20.0m) | (27.9m) | (56.8m) | (41.7m) |

## Cash From Investing Activities | (527.2m) | (810.6m) | (569.5m) | (1.9b) |

## Cash From Financing Activities | 574.8m | 1.1b | 736.4m | 3.6b |

## Net Change in Cash | 57.7m | 269.0m | 239.2m | 2.1b |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (15.9m) | (39.9m) | (63.0m) | (24.2m) | (52.8m) | (125.6m) | (31.4m) | 4.6m | 195.6m |

## Depreciation and Amortization | 7.6m | 15.0m | 21.2m | 6.8m | 14.2m | 23.0m | 14.4m | 34.3m | 52.2m |

## Accounts Receivable | (8.2m) | (16.4m) | (22.5m) | (10.6m) | (20.5m) | (25.2m) | (2.4m) | (19.0m) | (21.1m) |

## Accounts Payable | 11.6m | 27.3m | 44.2m | 33.9m | 55.9m | 53.9m | 30.6m | 61.7m | 86.1m |

## Cash From Operating Activities | (1.9m) | (2.8m) | 67.0k | 24.3m | 47.4m | 17.7m | (85.0m) | 80.2m | 179.6m |

## Purchases of PP&E | (5.4m) | (15.1m) | (20.4m) | (9.6m) | (30.4m) | (43.4m) | (16.7m) | (25.3m) | (35.4m) |

## Cash From Investing Activities | (596.3m) | (581.1m) | (566.0m) | (37.3m) | 181.7m | (29.5m) | 400.0m | (337.1m) | (1.3b) |

## Cash From Financing Activities | 653.3m | 663.1m | 669.3m | 12.1m | 27.6m | 725.3m | 19.4m | 1.5b | 3.5b |

## Net Change in Cash | 54.9m | 78.1m | 101.7m | (237.0k) | 258.3m | 713.8m | 319.4m | 1.2b | 2.4b |

USD | FY, 2017 |
---|---|

## Revenue/Employee | 224.4k |

## Financial Leverage | 1.1 x |

## P/E Ratio | (240.5) |

Shopify's Stores was reported to be 600 k in Jun, 2018. Shopify's Users was reported to be 1 m in Jun, 2018. Shopify's Monthly Unique Visitors was reported to be 319 m in FY, 2019. Shopify's Monthly Orders was reported to be 65.5 m in FY, 2019.

Q2, 2015 | Q3, 2015 | Q4, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Oct, 2017 | FY, 2017 | Jan, 2018 | Q1, 2018 | Jun, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Oct, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Monthly Recurring Revenue | $8.5 m | $9.8 m | $11.3 m | $12.8 m | $14.4 m | $16.3 m | $18.5 m | $20.73 m | $23.66 m | $29.88 m | $32.46 m | $35.28 m | $37.86 m | $40.93 m | $44.21 m | $47.12 m | $50.65 m | $53.9 m | $55.4 m | $57.03 m | $74.36 m | |||||||

## Gross Merchandise Volume | $1.6 b | $1.9 b | $2.8 b | $7.7 b | $2.7 b | $3.4 b | $3.8 b | $5.5 b | $15.4 b | $4.84 b | $5.87 b | $26.32 b | $7.95 b | $9.14 b | $9.99 b | $41.1 b | $11.9 b | $13.75 b | $14.82 b | $61.14 b | $17.42 b | $30.11 b | $30.92 b | |||||

## Gross Payment Volume | $1.5 b | $2.2 b | ||||||||||||||||||||||||||

## Stores | 243.47 k | 377.5 k | 400 k | 500 k | 600 k | |||||||||||||||||||||||

## Network Services Merchants | 9 k | 9 k | 10 k | 11 k | 12 k | 13 k | 14 k | 15 k | 16 k | 16 k | 16.5 k | 18 k | 19 k | 22 k | 23 k | 24.5 k | 26.4 k | 30.3 k | 37.4 k | |||||||||

## Average Revenue per Subscriber | $1.24 k | |||||||||||||||||||||||||||

## Users | 325 k | 375 k | 377.5 k | 500 k | 1 m | 1 m | ||||||||||||||||||||||

## Active Buyers (eBay) | 169 m | 168 m | ||||||||||||||||||||||||||

## Countries | 150 | 175 | 175 | 175 | 175 | 175 | ||||||||||||||||||||||

## Merchants | 609 k | 820 k | 1 m | 1 m | ||||||||||||||||||||||||

## Monthly Orders | 29.9 m | 44.6 m | 65.5 m | |||||||||||||||||||||||||

## Monthly Unique Visitors | 218 m | 261 m | 319 m |

Y, 2017 | |
---|---|

Other Ethnicity, percent | 9% |

White, percent | 59% |

Hispanic, percent | 7% |

Black / African American, percent | 9% |

Asian, percent | 16% |

- Source: www.deartechpeople.com