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SHOPIFY INC. Inventory 2014-2025 | SHOP

Annual FY2014–FY2025 · quarterly through Q4 FY2025

Latest annual · FY2025

$21.0M

−19.2%YoY vs FY2024Source: 10-KFY2025

From $290,000 in FY2014 to $21.0M in FY2025: 72.4× in 11 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY25Not reportedNot reportedNot reported$21M−19.2%
FY24Not reportedNot reportedNot reported$26M+36.8%
FY23Not reportedNot reportedNot reported$19M
FY17Not reportedNot reportedNot reported$2M+209.6%
FY16Not reportedNot reportedNot reported$522K−66.3%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date.

Key Statistics

Trend DirectionStable
CAGR

+68.4%

FY2015
$1.6M
FY2025
$21.0M

5 years selected · on the chart

Inventory History

Year-over-year comparison from 10-K annual reports

  1. $21.0M
YoY changeLargest recent move+1075.7%in FY23Latest −19.2%

3 older moves run past ±150% (largest +1075.7%); point at, tap or drag across the bars to read one.

Inventory, period by period

PeriodValueChangeSource
FY2025$21.0M−19.2%10-K
FY2024$26.0M+36.8%10-K
FY2023$19.0M+1075.7%10-K
FY2017$1.6M+209.6%10-K
FY2016$522,000−66.3%10-K
FY2015$1.6M+434.5%10-K
FY2014$290,000—10-K

What is inventory?

Inventory includes raw materials, work-in-progress, and finished goods held for sale in the ordinary course of business.

What is SHOPIFY INC.'s current inventory?

SHOPIFY INC. (SHOP) annual inventory for 2025 was $21.0M, a 19.23% decline from 2024. SHOPIFY INC. inventory for the quarter ending December 31, 2025 was $21.0M.

What was SHOPIFY INC.'s inventory in 2024?

SHOPIFY INC. annual inventory for 2024 was $26.0M, a 36.84% increase from 2023.

What was SHOPIFY INC.'s inventory in 2023?

SHOPIFY INC. annual inventory for 2023 was $19.0M, a 1075.74% increase from 2017.

What is SHOPIFY INC.'s 2-year inventory CAGR?

SHOPIFY INC. inventory grew at a compound annual growth rate (CAGR) of 5.13% from FY2023 to FY2025, going from $19.0M to $21.0M over 2 years.

Company
SHOPIFY INC.
Ticker
SHOP
Sector
Technology
Industry
Services-Prepackaged Software