Selling, General, and Administrative Costs: Shopify Inc. vs Monolithic Power Systems, Inc.

A Tale of Two Companies: Shopify Inc. vs Monolithic Power Systems, Inc.

In the ever-evolving landscape of technology and commerce, two companies stand out for their distinct approaches to growth and management. Shopify Inc., a leader in e-commerce solutions, and Monolithic Power Systems, Inc., a pioneer in power solutions, have shown contrasting trends in their Selling, General, and Administrative (SG&A) expenses over the past decade.

Shopify's Meteoric Rise

Since 2014, Shopify's SG&A expenses have skyrocketed, reflecting its aggressive expansion strategy. By 2022, these costs had surged by over 3,200%, peaking at nearly $1.94 billion. This growth underscores Shopify's commitment to scaling its operations and enhancing its market presence.

Steady Growth for Monolithic Power Systems

Conversely, Monolithic Power Systems has exhibited a more measured increase in SG&A expenses, growing by approximately 313% over the same period. This steady rise highlights the company's focus on sustainable growth and operational efficiency.

These trends offer a fascinating glimpse into the strategic priorities of two industry giants.