business Overview
| HQ |  Ottawa, Canada |
| Business | E-commerce |
| Founded | access_time 19 years ago (founded 2004) |
TrueUp Trajectory Score | 76 /100 |
| Employees | 10,000 TrueUp Rank #125 |
| Valuation | $73 billion TrueUp Rank #42 all-time high: $225 B (-68%) 1 year ago: $48 B (+52%) 5 years ago: $19 B (+286%) |
| Public / Private | Public ($SHOP) |
| Lists | Commerce Creator Economy B2B SaaS Direct-to-Consumer Activism-Free Workplace |
Shopify is an E-commerce company with 34 job openings. It is currently valued at $73 billion as a public company. 10,000 people work at Shopify. The company was founded in 2004.
Shopify grid
Employee happiness →
Growth →
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local_atm Financials
| Valuation | $73 billion TrueUp Rank #42 52 wk high: $84 B (-13%) 1 year ago: $48 B (+52%) 5 years ago: $19 B (+286%) |
| Revenue trailing 12 months | $5.2 billion TrueUp Rank #100 |
| Revenue growth vs. same quarter last year | 21.6% TrueUp Rank #212 |
| MULTIPLES | |
| Valuation / Revenue | 14.0x |
| Valuation per employee | $7.3 million TrueUp Rank #277 |
| Revenue per employee | $0.5 million |
phonelink Products
| Top products | - Shopify |
| Primary customer type | business B2B |
| Is this really a tech company? | Definitely remove Network effects check Zero marginal costs to produce check Product improves over time check Zero cost to expand globally check Self-serve onboarding + Zero cost of sales |
emoji_people Culture
| Glassdoor employee reviews | 66% would recommend Shopify to a friend (2,323 reviews) worse than 72% of tech co's 72% approve of the CEO Tobias Lütke (1,306 reviews) worse than 75% of tech co's |
| Company culture links | Shopify culturenorth_east shopify.com/careers/culture |
code Open Source
| Open source citizenship | sentiment_satisfied Good TrueUp Rank #50 |
| Top open source projects | ★ 16.8kShopify / draggable ★ 10.2kShopify / liquid ★ 10.0kShopify / sarama ★ 9.1kShopify / toxiproxy |
rule Policies
| % of open jobs that are remote | 91% |
| home_work Remote work policy | Remote-first |
| public H1B sponsorships approved in 2022 | 8 TrueUp Rank #188 |
card_giftcard Benefits (US)
Benefit info not yet available add_boxsubmit data
history Other info
Associated billionaires (source:Forbes) | $3.8B - Tobi Lutke |
| IPO date | May 21, 2015 (8 years ago) |
| Top owners at IPO | 30.3% - Bessemer Venture Partners 14.6% - Tobias Lütke 11.9% - FirstMark Capital 7.5% - Klister Credit Corp 6.1% - OMERS Ventures 5.7% - Bruce McKean 5.7% - James Lake 5.5% - Georgian Partners 2.5% - Daniel Weinand 2.0% - Cody Fauser 1.0% - Russell Jones |
| Founder ownership at IPO | 22.8% |
| Implied founder equity split | 64% - Tobias Lütke 25% - James Lake 11% - Daniel Weinand |
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