10-K/A ·Filed Apr 29, 2026

SHOP

SHOPIFY INC.
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago SEC0001594805-26-000011
Amended annual report (potential restatement)
Actionable Insight • Neutral

This filing is routine and does not change the financial outlook. Monitor next quarterly release for operational trends and forward guidance.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
SHOP ▲ +4.75% at T+60d
NEUTRAL call ✓ call won +4.75% · α vs SPY +1.64% · entry $121.13 → $126.88
Entry anchored
Apr 29, 04:39 PM ET
via exchange tick
T+1d
0.00%
call 0.00% · α -0.22%
$121.13
settled 5mo ago
T+5d
-12.95%
call -12.95% · α -14.68%
$105.44
settled 5mo ago
T+20d
-5.04%
call -5.04% · α -10.00%
$115.03
settled 4mo ago
T+60d
+4.75%
call +4.75% · α +1.64%
$126.88
settled 2mo ago

Price Chart

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Executive Summary

Shopify filed Amendment No. 1 to its 2025 10-K to add Part III information (directors, executive compensation, security ownership, related-party transactions, and auditor fees) that was omitted from the original filing, along with updated SOX Section 302 certifications. No restatements or changes to financial statements were made; the filing is purely administrative.

Key Facts

  • Revenue grew 30% to $11.5 billion in fiscal 2025, GMV increased 29% to $378 billion, and free cash flow reached $2 billion (17% margin).
  • CEO Tobias Lütke maintained a C$1 base salary and received a $35 million equity award with a four-year cliff vesting period.
  • Founder Share provides Lütke with approximately 40% aggregate voting power.
  • Auditor: PricewaterhouseCoopers LLP; total audit fees for 2025 were $3.89 million.
  • No financial statement restatements or error corrections were included in this amendment.

Financial Impact

No material financial impact; administrative update only.

Risk Factors

  • No material risks identified from this filing.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
77% bullish (56 analysts)

Investment Themes

E-commerce & Platforms

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
10-K/A Filing (Primary)0001594805-26-000011
Exhibit: exhibit311302soxceoandcfoa.htm0001594805-26-000011
Document: 0001594805-26-000011-index-headers.html0001594805-26-000011
Document: 0001594805-26-000011-index.html0001594805-26-000011
Document: 0001594805-26-000011.txt0001594805-26-000011
15 reports for SHOP
Performance horizon
86% Hit rate 6 of 7 directional calls best @ T+60▲ +36.65%Jun 2, 2026
Filters
Rows
Reports for SHOP — sortable, filterable
TypeNow
Aug 5, 2026
8w ago
8-K
BULLISH ★ 6/10
$144.24 $141.87▼ −1.64%▼ −1.04%$151.27 (+4.88%)
Aug 2, 2026
8w ago
Institutional Cluster
MIXED ★ 5/10
$117.01 $147.37▲ +25.95%▲ +24.71%$151.27 (+29.28%)
Jul 28, 2026
9w ago
144
NEUTRAL ★ 2/10
$129.17 $150.29▲ +16.35%▲ +11.33%$151.27 (+17.11%)
Jul 8, 2026
12w ago
Press Release
BEARISH ★ 6/10
$119.22 $144.24▼ −20.99%▼ −17.71%$151.27 (−26.89%)
Jul 2, 2026
13w ago
8-K
NEUTRAL ★ 2/10
$119.46 $122.40▲ +2.46%▲ +2.88%$151.27 (+26.63%)
Jun 30, 2026
13w ago
144
NEUTRAL ★ 2/10
$121.63 $129.17▲ +6.20%▲ +8.38%$151.27 (+24.37%)
Jun 16, 2026
15w ago
8-K
NEUTRAL ★ 2/10
$108.09 $125.06▲ +15.70%▲ +14.38%$151.27 (+39.95%)
Jun 16, 2026
15w ago
Press Release
NEUTRAL ★ 2/10
$108.09 $125.06▲ +15.70%▲ +14.38%$151.27 (+39.95%)
Jun 2, 2026
17w ago
PRESS-RELEASE / 8-K
BULLISH ★ 6/10
$112.94 $119.46▲ +5.77%▲ +6.77%$151.27 (+33.94%)
May 8, 2026
20w ago
8-K
NEUTRAL ★ 2/10
$102.54 $110.42▲ +7.68%▲ +7.99%$151.27 (+47.53%)
Showing 10 of 15

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