secwatch.observer — SEC 8-K summary
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Issuer:     SHOPIFY INC. (SHOP)
CIK:        0001594805
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001594805-25-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shopify Q1 revenue up 27% to $2.36B; FCF margin 15%, operating income $203M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1594805/000159480525000045/0001594805-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1594805/000159480525000045/shop-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001594805-25-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer