# Shopify Inc. (SHOP) FY2026 Q1 Statement of Cash Flows

- Company: Shopify Inc. (SHOP)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-05, accession number 0001594805-26-000019
- Page: https://plicit.ai/financials/shop/fy2026-q1-cash-flow
- Chart image: https://plicit.ai/charts/shop-fy2026-q1-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2025**: 1,545,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 481,000,000 US dollars. Net cash provided.
- **Net loss for the period**: negative 581,000,000 US dollars
- **Amortization and depreciation**: 7,000,000 US dollars
- **Stock-based compensation**: 132,000,000 US dollars
- **Provision for transaction and loan losses**: 48,000,000 US dollars
- **Deferred income tax recovery**: negative 139,000,000 US dollars
- **Changes in operating assets and liabilities**: negative 70,000,000 US dollars
- **Revenue related to non-cash consideration**: negative 12,000,000 US dollars
- **Net loss on equity method investment**: 21,000,000 US dollars
- **Net loss on equity and other investments**: 1,061,000,000 US dollars
- **Unrealized foreign exchange loss (gain)**: 14,000,000 US dollars
- **Investing activities**: 310,000,000 US dollars. Net cash provided.
- **Purchases of marketable securities**: negative 843,000,000 US dollars
- **Other**: 2,000,000 US dollars
- **Acquisition of businesses, net of cash acquired**: 0 US dollars
- **Purchases and originations of loans**: negative 1,349,000,000 US dollars
- **Repayments and sales of loans**: 1,043,000,000 US dollars
- **Purchases of equity and other investments**: negative 1,000,000 US dollars
- **Purchases of property and equipment**: negative 5,000,000 US dollars
- **Maturities of marketable securities**: 1,463,000,000 US dollars
- **Financing activities**: negative 485,000,000 US dollars. Net cash used.
- **Repurchases of common stock**: negative 491,000,000 US dollars
- **Proceeds from the exercise of stock options**: 6,000,000 US dollars
- **Operating adjustment reconciliation**: 1,283,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 491,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 2,508,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 3,000,000 US dollars
- **Ending cash on Mar 31, 2026**: 1,848,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 2,336,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 303,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: 481,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 5,000,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 476,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$581.00M + net operating adjustments $1.06B = operating cash +$481.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 481,000,000 US dollars minus 5,000,000 US dollars equals 476,000,000 US dollars.