5 High Growth Low Debt Stocks to Invest in Right Now

3. Shopify Inc. (NASDAQ:SHOP)

Shopify Inc. (NASDAQ:SHOP) is one of the high growth low debt stocks to invest in right now. The company fits the list because its commerce platform is still expanding at scale while producing strong free cash flow and maintaining a clean balance sheet. On May 5, Shopify Inc. (NASDAQ:SHOP) reported first-quarter 2026 revenue of $3.17 billion, up 34% year over year, while gross merchandise volume rose 35% to $100.74 billion. Free cash flow reached $476 million, with a free cash flow margin of 15%.

The balance-sheet case is especially strong for a company still investing heavily in growth. As of March 31, 2026, Shopify Inc. (NASDAQ:SHOP) had $1.85 billion in cash and cash equivalents and $3.90 billion in marketable securities, compared with total liabilities of $1.62 billion. That gives the company flexibility to fund product development, merchant services, AI tools, and platform expansion without relying on heavy debt. Shopify also guided for second-quarter revenue growth in the high-twenties percentage range, showing that management still expects strong top-line momentum after a quarter in which merchants cleared more than $100 billion in GMV.

Shopify Inc. (NASDAQ:SHOP) provides internet infrastructure for commerce, helping businesses sell online, in stores, across marketplaces, through social channels, and through emerging AI-driven shopping experiences.