Balance Sheet Shopify ended the quarter with cash, cash equivalents and marketable securities balance of $932.4 million, compared with $395.7 million as of Mar 31 2017. The massive improvement reflects the addition of $560 million net proceeds from Shopify's successful offering of additional shares in the second quarter. Guidance For third-quarter 2017, Shopify projects revenues in the range of $164–$166 million. Adjusted operating loss is expected to be in the range of $2–$4 million. For full-year 2017, management projects revenues in the range of $642–$648 million (up from $615–$630 million).