In Q1'26, SHOP's ROE stands at -4.65%, reflecting a return to negative territory after positive figures in the prior quarter, while ROA is at -4.11%, also negative and indicating subdued asset efficiency. ROIC, however, remains positive at 4.76%, marking a sequential improvement and the highest point in the series, suggesting better capital utilization despite the seasonal dip in the other metrics. Over the period from Q2'23 to Q1'26, ROE and ROA exhibit high volatility with a pattern of alternating negative and positive quarters, starting from deep losses (-17.57% ROE, -13.51% ROA) in Q2'23, recovering to peaks of 11.19% ROE and 9.29% ROA in Q4'24, before recurring negatives in Q1'25 and Q1'26, indicative of inconsistent profitability tied to operational cycles. In contrast, ROIC shows a steadier upward trend from -18.65% in Q2'23 to 4.76% in Q1'26, with consistent positives since Q3'23 and gradual gains, highlighting improving returns on invested capital amid overall fluctuations in the line chart.