{"schema_version":"secwatch.filing_event.v1","accession":"0001594805-25-000045","form_type":"8-K","ticker":"SHOP","cik":"0001594805","company_name":"SHOPIFY INC.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.938447+00:00","generated_at":"2026-05-22T04:28:21.439738+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Shopify Q1 revenue up 27% to $2.36B; FCF margin 15%, operating income $203M","bullets":["Revenue $2.36B (+27% YoY); GMV $74.8B (+23% YoY); operating income $203M, up from $86M.","Free cash flow $363M (15% margin) vs $232M (12% margin); 7th consecutive double-digit FCF margin quarter.","MRR $182M, up 21% YoY from $151M.","Eight consecutive quarters of pro forma revenue growth of ≥25% and GMV growth >20%.","No guidance update provided in the release."],"urls":{"canonical":"https://secwatch.observer/filing/0001594805-25-000045","json":"https://secwatch.observer/filing/0001594805-25-000045.json","markdown":"https://secwatch.observer/filing/0001594805-25-000045.md","text":"https://secwatch.observer/filing/0001594805-25-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1594805/000159480525000045/0001594805-25-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1594805/000159480525000045/shop-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:28:21.439738+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}