SHOPIFY INC. (SHOP) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SHOP currently has 1.3B outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.69% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
10-Q filing | 1303.4M shares outstanding |
1.3B | 0 |
| Nov 04, 2025 |
10-Q filing | 1300.1M shares outstanding |
1.3B | 0 |
| Aug 06, 2025 |
10-Q filing | 1297.7M shares outstanding |
1.3B | 0 |
| May 08, 2025 |
10-Q filing | 1295.4M shares outstanding |
1.3B | 0 |
| Feb 11, 2025 |
10-K filing | 1289.8M shares outstanding |
1.3B | 0 |
| Nov 12, 2024 |
F-10 filing: The company filed an F-10 indicating that the net proceeds from any offering of securities and their proposed use will be detailed in the applicable prospectus supplement. The company will not receive proceeds from sales by selling securityholders. |
1.3B | 0 |
| Feb 13, 2024 |
40-F filing | 1281.6M shares outstanding |
1.3B | 0 |
| Feb 16, 2023 |
40-F filing | 1266.3M shares outstanding |
1.3B | 0 |
| Sep 09, 2022 |
F-10 filing: The company may offer securities, with the net proceeds and proposed use detailed in the applicable prospectus supplement. The company will not receive proceeds from sales by selling securityholders. |
120M | 0 |
| Feb 16, 2022 |
40-F filing | 124.7M shares outstanding |
120M | 0 |
| Jul 27, 2021 |
F-10 filing: Shopify Inc. may offer and issue from time to time Class A subordinate voting shares, preferred shares, debt securities, warrants, subscription receipts, units, or any combination of such securities for up to an aggregate offering price of $10,000,000,000 in one or more transactions during the 25-month period commencing August 6, 2020. |
120M | 0 |
| Feb 17, 2021 |
40-F filing | 119.6M shares outstanding |
120M | 0 |
| Jul 28, 2020 |
F-10 filing: Registration of an indeterminate number of Class A Subordinate Voting Shares, preferred shares, debt securities, warrants, subscription receipts and units with an aggregate initial offering price of $7,500,000,000. |
98M | 0 |
| Feb 12, 2020 |
40-F filing | 98.1M shares outstanding |
98M | 0 |