Cost of Revenue Comparison: Shopify Inc. vs Cadence Design Systems, Inc.

Cost of Revenue: A Tale of Two Innovators

In the ever-evolving landscape of technology, Shopify Inc. and Cadence Design Systems, Inc. stand as titans in their respective domains. Over the past decade, Shopify's cost of revenue has skyrocketed by an astounding 8,100%, reflecting its aggressive growth strategy and expansion into new markets. In contrast, Cadence Design Systems has seen a more modest increase of 94%, indicative of its steady and sustainable growth in the electronic design automation industry.

A Decade of Transformation

From 2014 to 2023, Shopify's cost of revenue surged from a mere 4% of Cadence's to surpassing it by 715% in 2023. This dramatic shift underscores Shopify's rapid scaling and market penetration. Meanwhile, Cadence's consistent growth highlights its resilience and strategic focus on innovation. As these companies continue to evolve, their financial trajectories offer a fascinating glimpse into the dynamics of the tech industry.