| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|
| Net income for the period | 488 | 224 | -682 |
| Amortization and depreciation | 24 | 16 | 8 |
| Stock-based compensation | 334 | 227 | 114 |
| Impairment of right-of-use assets and leasehold improvements | 13 | 10 | - |
| Provision for transaction and loan losses | 189 | 87 | 43 |
| Deferred income tax (recovery) expense | 36 | 31 | 129 |
| Revenue related to non-cash consideration | 37 | 25 | 13 |
| Unrealized loss on embedded derivative | 29 | - | - |
| Net loss (gain) on equity and other investments | -401 | -339 | -1,021 |
| Net loss on equity method investment | -68 | -47 | -23 |
| Unrealized foreign exchange loss (gain) | 54 | 58 | 12 |
| Changes in operating assets and liabilities | 111 | 41 | 6 |
| Net cash provided by operating activities | 1,308 | 795 | 367 |
| Purchases of property and equipment | 16 | 10 | 4 |
| Purchases of marketable securities | 4,642 | 3,182 | 1,718 |
| Maturities of marketable securities | 4,751 | 2,795 | 1,331 |
| Purchases and originations of loans | 2,745 | 1,749 | 805 |
| Repayments and sales of loans | 2,253 | 1,404 | 637 |
| Purchases of equity and other investments | 83 | 75 | 4 |
| Acquisition of business, net of cash acquired | 56 | 56 | 56 |
| Other | -2 | -2 | - |
| Net cash provided by (used in) investing activities | -536 | -871 | -619 |
| Proceeds from the exercise of stock options | 127 | 103 | 59 |
| Net cash provided by financing activities | 127 | 103 | 59 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | 17 | 17 | 4 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 916 | 44 | -189 |
| Cash and cash equivalents at beginning of period | 1,498 | 1,498 | 1,498 |
| Cash and cash equivalents at end of period | 2,414 | 1,542 | 1,309 |
SHOPIFY INC. (SHOP)
SHOPIFY INC. (SHOP)