Silicon nitride (Si₃N₄) waveguides with high confinement and low loss have been widely used in integrated nonlinear photonics. Indeed, state-of-the-art ultralow-loss Si₃N₄ waveguides are all fabricated using complex fabrication processes, and all of those reported that high Q microring resonators (MRRs) are fabricated in laboratories. We propose and demonstrate an ultralow-loss Si₃N₄ racetrack MRR by shaping the mode using a uniform multimode structure to reduce its overlap with the waveguide. The MRR is fabricated by the standard multi project wafer (MPW) foundry process. It consists of two multimode straight waveguides (MSWs) connected by two multimode waveguide bends (MWBs). In particular, the MWBs are based on modified Euler bends, and an MSW directional coupler is used to avoid higher-order mode excitation. In this way, although a multimode waveguide is used in the MRR, only the fundamental mode is excited and transmitted with ultralow loss. Meanwhile, thanks to the 180 deg Euler bend, a compact chip footprint of 2.226 mm perimeter with an effective radius as small as 195 μm and a waveguide width of 3 μm is achieved. Results show that based on the widely used MPW process, a propagation loss of only 3.3 dB / m and a mean intrinsic Q of around 10.8 million are achieved for the first time.