Shopify Inc.

Filing receipts

“Factors Affecting the Comparability of Our Results Change in Revenue Mix As a result of the continued growth of Shopify Payments, referral fees, other transaction services and other services rendered as part of strategic partnerships and Shopify Capital, our revenues from merchant solutions have increased.”

“Cash, Cash Equivalents and Marketable Securities Cash, cash equivalents and marketable securities decreased by $35 million to $5.7 billion as of March 31, 2026 from $5.8 billion as of December 31, 2025, primarily as a result of cash provided by our operations and maturities of marketable securities, net of purchases, partially offset by repurchases of class A subordinate voting shares and the purchase and origination of loans, net of repayments.”

“Cash Flows From Investing Activities Net cash provided by investing activities in the three months ended March 31, 2026 was driven by $620 million in maturities of marketable securities, net of purchases, partially offset by $306 million used for purchases and originations of loans, net of repayments and sales and $5 million used to purchase property and equipment.”