Similar companies
| Company | Revenue | |
|---|---|---|
 |
MicrosoftMSFT |
65.5B N/A |
 |
DropboxDBX |
642M 0.7% |
 |
WiproWIT |
223B 1.5% |
 |
TwilioTWLO |
1.13B 4.7% |
 |
SpotifySPOT |
3.99B 4.8% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.16B | 5.7% |
| Gross Profit | 1.12B | 7% |
| Cost of Revenue | 1.04B | 4.4% |
| Operating expense | 1.88B | 133.7% |
| Net Income | 828M | 384.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 12.3B | 8.7% |
| Total Liabilities | 2.21B | 1.7% |
| Total Equity | 10.1B | 10.3% |
| Shares Outstanding | 1.29B | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 423M | 24.4% |
| Cash from financing | 6M | 100% |
EPS
Financial Highlights for Shopify in Q3 '24
Shopify reported a revenue of 2.16B, which is a 5.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.12B, marking a 7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.04B, a 4.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.88B, showing a 133.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 828M, showing a 384.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Shopify with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
