STRATEGY INC financials
Source: EDGAR filings · Built 2026-06-02T03:36:14Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -75.45M | -56.01M | 9.77M | 725.00K | 91.13M | 49.97M |
| EBITDA | -5.42B | -1.84B | -100.52M | -1.26B | -773.17M | -293.00K |
| Working Capital | 2.11B | -103.06M | -55.38M | -52.84M | -44.02M | -13.00M |
| Net Debt | 5.95B | 7.22B | 2.21B | 2.41B | 2.18B | 521.83M |
| Gross Margin | 68.69% | 72.06% | 77.85% | 79.37% | 82.01% | 81.06% |
| Operating Margin | -1140.82% | -399.82% | -23.18% | -255.52% | -153.60% | -2.83% |
| Net Margin | -806.35% | -251.73% | 86.47% | -294.39% | -104.84% | -1.57% |
| Return on Equity (ROE) | -8.72% | -3.77% | 19.82% | 383.64% | -54.70% | -1.69% |
| Return on Assets (ROA) | -6.24% | -4.51% | 9.01% | -60.98% | -15.05% | -0.51% |
| Current Ratio | 5.62× | 0.71× | 0.83× | 0.83× | 0.86× | 0.95× |
| Debt-to-Equity | 0.19× | 0.23× | 1.04× | -6.41× | 2.29× | 1.30× |
| Effective Tax Rate | 30.36% | 39.69% | 444.61% | -11.14% | 34.00% | 62.29% |
| Cash Conversion Ratio | 0.02× | 0.05× | 0.03× | -0.00× | -0.18× | -7.13× |
| Accruals Ratio | -0.06× | -0.04× | 0.09× | -0.61× | -0.18× | -0.04× |
| SBC % of Revenue | 11.18% | 16.64% | 14.02% | 12.74% | 8.64% | 2.32% |
| CapEx Coverage | -8.19× | -17.81× | 4.33× | 1.29× | 34.68× | 14.69× |
| Free Cash Flow Per Share | $-0.27 | $-0.29 | $0.06 | $0.01 | $9.09 | $5.16 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 23.93× | — | — | — |
| P/FCF | — | — | 1070.54× | 2212.03× | 59.87× | 75.30× |
| FCF Yield | — | — | 0.09% | 0.05% | 1.67% | 1.33% |
| P/S | 88.41× | 120.33× | 210.85× | 32.10× | 10.68× | 7.83× |
| P/B | 0.96× | 1.80× | 48.33× | — | 5.57× | 8.43× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 477.23M | 463.46M | 496.26M | 499.26M | 510.76M | 480.74M |
| Revenues | — | 463.46M | 496.26M | 499.26M | 510.76M | 480.74M |
| Cost of Goods and Services Sold | 149.42M | 129.47M | 109.94M | 102.99M | 91.91M | 91.06M |
| Gross Profit | 327.82M | 333.99M | 386.32M | 396.27M | 418.85M | 389.68M |
| Research and Development Expense | 93.86M | 118.49M | 120.53M | 127.43M | 117.12M | 103.56M |
| Operating Expenses | 5.77B | 2.19B | 501.36M | 1.67B | 1.20B | 403.31M |
| Operating Income (Loss) | -5.44B | -1.85B | -115.05M | -1.28B | -784.53M | -13.63M |
| Income Tax Expense (Benefit) | -1.68B | -767.68M | -553.65M | 147.33M | -275.91M | -12.43M |
| Net Income (Loss) Attributable to Parent | -3.85B | -1.17B | 429.12M | -1.47B | -535.48M | -7.52M |
| Earnings Per Share, Basic | $-15.23 | $-6.06 | $3.14 | $-12.98 | $-53.44 | $-0.78 |
| Weighted Average Number of Shares Outstanding, Basic | 277.66M | 192.55M | 136.71M | 113.21M | 10.02M | 9.68M |
| Earnings Per Share, Diluted | $-15.23 | $-6.06 | $2.64 | $-12.98 | $-53.44 | $-0.78 |
| Weighted Average Number of Shares Outstanding, Diluted | 277.66M | 192.55M | 165.66M | 113.21M | 10.02M | 9.68M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.30B | 38.12M | 46.82M | 43.84M | 63.36M | 59.67M |
| Assets, Current | 2.56B | 252.32M | 267.89M | 264.57M | 267.96M | 272.62M |
| Assets | 61.64B | 25.84B | 4.76B | 2.41B | 3.56B | 1.47B |
| Long-term Debt | 8.19B | 7.19B | 2.18B | 2.38B | 2.16B | — |
| Liabilities, Current | 456.49M | 355.38M | 323.27M | 317.40M | 311.99M | 285.62M |
| Long-term Debt, Excluding Current Maturities | 8.16B | 7.19B | 2.18B | 2.38B | 2.16B | 486.37M |
| Liabilities | 10.60B | 7.61B | 2.60B | 2.79B | 2.58B | 912.57M |
| Stockholders' Equity Attributable to Parent | 44.12B | 30.98B | 2.16B | -383.12M | 978.96M | 446.19M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -67.24M | -53.03M | 12.71M | 3.21M | 93.83M | 53.62M |
| Payments to Acquire Property, Plant, and Equipment | 8.21M | 2.98M | 2.94M | 2.49M | 2.71M | 3.65M |
| Net Cash Provided by (Used in) Investing Activities | -22.51B | -22.09B | -1.91B | -278.59M | -2.63B | -1.02B |
| Payments for Repurchase of Common Stock | — | — | — | 0 | 0 | 123.22M |
| Net Cash Provided by (Used in) Financing Activities | 24.84B | 22.13B | 1.89B | 265.19M | 2.54B | 563.23M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 13.04M | -22.21M | -53.24M | -42.13M | -5.13M | -17.61M |
| EBITDA | -14.46B | -17.44B | — | — | -5.91B | -1.01B |
| Working Capital | 2.00B | 2.11B | -110.14M | -101.11M | -105.08M | -103.06M |
| Net Debt | 6.05B | 5.95B | 8.17B | 8.16B | 8.13B | 7.22B |
| Gross Margin | 67.06% | 66.11% | 70.46% | 68.77% | 69.41% | 71.69% |
| Operating Margin | -11641.53% | -14184.97% | 3023.40% | 12256.30% | -5331.44% | -842.13% |
| Net Margin | -10090.64% | -10112.09% | 2164.12% | 8752.75% | -3797.17% | -555.78% |
| Return on Equity (ROE) | -34.22% | -28.19% | 5.32% | 21.11% | -13.09% | -2.17% |
| Return on Assets (ROA) | -23.11% | -20.18% | 3.78% | 15.47% | -9.60% | -2.60% |
| Current Ratio | 6.05× | 5.62× | 0.66× | 0.68× | 0.66× | 0.71× |
| Debt-to-Equity | 0.23× | 0.19× | 0.16× | 0.17× | 0.25× | 0.23× |
| Effective Tax Rate | 13.29% | 28.77% | 28.06% | 28.45% | 29.03% | 34.67% |
| Cash Conversion Ratio | -0.00× | 0.00× | -0.02× | -0.00× | 0.00× | 0.03× |
| Accruals Ratio | -0.23× | -0.20× | 0.04× | 0.16× | -0.10× | -0.03× |
| SBC % of Revenue | 10.60% | 8.40% | 33.45% | 24.07% | 10.64% | 16.02% |
| CapEx Coverage | 14.69× | -37.04× | -5.98× | -7.72× | -0.87× | -61.00× |
| Free Cash Flow Per Share | $0.04 | $-0.08 | $-0.17 | $-0.14 | $-0.02 | $-0.09 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 15.21× | 36.62× | — | — |
| P/S | 84.96× | 88.41× | 213.97× | 268.22× | 160.98× | 120.33× |
| P/B | 1.14× | 0.96× | 1.94× | 2.61× | 2.29× | 1.80× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 124.30M | 122.99M | 128.69M | 114.49M | 111.07M | 120.70M |
| Revenues | — | — | 128.69M | 114.49M | 111.07M | 120.70M |
| Cost of Goods and Services Sold | 40.95M | 41.68M | 38.01M | 35.75M | 33.97M | 34.17M |
| Gross Profit | 83.35M | 81.31M | 90.68M | 78.74M | 77.09M | 86.53M |
| Research and Development Expense | 24.66M | 22.76M | 22.60M | 24.07M | 24.42M | 25.69M |
| Operating Expenses | 14.55B | 17.53B | -3.80B | -13.95B | 6.00B | 1.10B |
| Operating Income (Loss) | -14.47B | -17.45B | 3.89B | 14.03B | -5.92B | -1.02B |
| Income Tax Expense (Benefit) | -1.92B | -5.02B | 1.09B | 3.98B | -1.73B | -355.93M |
| Net Income (Loss) Attributable to Parent | -12.54B | -12.44B | 2.79B | 10.02B | -4.22B | -670.81M |
| Earnings Per Share, Basic | $-38.25 | $-46.06 | $9.30 | $36.23 | $-16.49 | $-3.35 |
| Weighted Average Number of Shares Outstanding, Basic | 333.91M | 277.66M | 284.38M | 275.24M | 256.47M | 192.55M |
| Earnings Per Share, Diluted | $-38.25 | $-42.94 | $8.42 | $32.60 | $-16.49 | $-3.35 |
| Weighted Average Number of Shares Outstanding, Diluted | 333.91M | 277.66M | 315.39M | 306.76M | 256.47M | 192.55M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.21B | 2.30B | 54.28M | 50.09M | 60.30M | 38.12M |
| Assets, Current | 2.39B | 2.56B | 213.95M | 213.46M | 203.61M | 252.32M |
| Assets | 54.27B | 61.64B | 73.62B | 64.77B | 43.92B | 25.84B |
| Long-term Debt | 8.20B | 8.19B | 8.17B | 8.16B | 8.14B | 7.19B |
| Liabilities, Current | 395.06M | 456.49M | 324.09M | 314.57M | 308.69M | 355.38M |
| Long-term Debt, Excluding Current Maturities | 8.17B | 8.16B | 8.17B | 8.16B | 8.14B | 7.19B |
| Liabilities | 8.63B | 10.60B | 15.50B | 14.40B | 10.39B | 7.61B |
| Stockholders' Equity Attributable to Parent | 36.65B | 44.12B | 52.33B | 47.48B | 32.22B | 30.98B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 13.99M | -21.63M | -45.61M | -37.30M | -2.39M | -17.32M |
| Payments to Acquire Property, Plant, and Equipment | 952.00K | 584.00K | 7.63M | 4.83M | 2.74M | 284.00K |
| Net Cash Provided by (Used in) Investing Activities | -7.25B | -3.09B | -19.42B | -14.46B | -7.67B | -18.08B |
| Net Cash Provided by (Used in) Financing Activities | 7.15B | 5.37B | 19.48B | 14.50B | 7.69B | 18.09B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MSTR CIK 0001050446),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.