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What changed in SHOP's 10-Q
Source: 10-Q filed 2026-05-05 · compared against 10-Q 2025-11-04. Every passage below is quoted verbatim from the filing itself.
Revenue and GMV growth
This filing
total revenue was $3.2 billion, an increase of 34%
Balance sheet composition
This filing
Cash and cash equivalents 1,848
Share repurchases
This filing
1,219,581,025 Class A Subordinate Voting Shares
Deferred tax position
This filing
Deferred tax assets 117
Forward-looking statements expansion
This filing
our expectations regarding our future financial performance, including revenue, gross margin, operating expenses and cash flows
Net loss in Q1 2026
This filing
accumulated surplus 2,279
Subscription and merchant solutions mix
This filing
subscription solutions revenues accounted for 24% of our total revenues
What it means — the analyst reading
The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.
See the Filing Change Monitor →Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.