R&D Spending Showdown: Shopify Inc. vs Seagate Technology Holdings plc

Tech Titans' R&D Race: Shopify Surges Ahead of Seagate

__timestamp	Seagate Technology Holdings plc	Shopify Inc.
Wednesday, January 1, 2014	1226000000	25915000
Thursday, January 1, 2015	1353000000	39722000
Friday, January 1, 2016	1237000000	74336000
Sunday, January 1, 2017	1232000000	135997000
Monday, January 1, 2018	1026000000	230674000
Tuesday, January 1, 2019	991000000	355015000
Wednesday, January 1, 2020	973000000	552127000
Friday, January 1, 2021	903000000	854383000
Saturday, January 1, 2022	941000000	1503234000
Sunday, January 1, 2023	797000000	1730000000
Monday, January 1, 2024	654000000	1367000000

In pursuit of knowledge

R&D Spending: A Tale of Two Tech Giants

In the ever-evolving tech landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Shopify Inc. and Seagate Technology Holdings plc have showcased contrasting R&D investment strategies. From 2014 to 2023, Seagate consistently invested in R&D, peaking in 2015 with a 35% higher spend than Shopify's entire R&D budget that year. However, Shopify's R&D spending skyrocketed, growing by an astonishing 6,600% from 2014 to 2023, surpassing Seagate in 2022. This shift highlights Shopify's aggressive push towards innovation, while Seagate's steady decline in R&D spending, dropping by 47% from 2014 to 2023, suggests a more conservative approach. As we look to the future, the absence of 2024 data for Shopify leaves us wondering if this trend will continue.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025