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  "documentTitle": "Shopify | Investor Presentation Deck | 42 slides",
  "authorId": "shopify",
  "authorName": "Shopify",
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  "presentationDate": "2023-02-01 00:00:00",
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      "text": "Expressed in US$000s",
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      "text": "GAAP Transaction and loan losses\n% of Revenue\nGAAP Operating expenses\nless: Operating SBC and SBC-related payroll taxes\nless: Amortization of acquired intangibles\nless: Impairment of right-of-use assets and leasehold improvements\nless: Severance related costs\nless: Litigation contingencies\nNon-GAAP Operating expenses\n% of Revenue\n2018\n2019\n2020\n2021\n2022\nQ4'21\nQ4'22\n8,248\n25,169\n51,849\n81,717\n134,929\n27,814\n34,318\n1%\n2%\n2%\n2%\n2%\n2%\n2%\n688,187\n1,006,790\n1,451,367\n2,212,501\n3,576,418\n678,255\n987,257\n101,321\n172,673\n286,834\n389,407\n553,965\n107,402\n142.928\n515\n1,781\n1,750\n5,034\n418\n2,163\n31,623\n30,145\n84,314\n84,314\n30,481\n97,000\n586,866\n833,602\n1,131,129\n1,791,199\n2,805,624\n570,435\n757,852\n55%\n53%\n39%\n39%\n50%\n41%\n44%",
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      "evidence": "The deck concludes with a vision for the future, including investment highlights, roadmap, and market sizing.",
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