Strategy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	490.47	477.23	463.46	496.26	499.26	510.76
Revenue Growth (YoY)	6.79%	2.97%	-6.61%	-0.60%	-2.25%	6.25%
Cost of Revenue	156.39	149.42	129.47	109.94	102.99	91.91
Gross Profit	334.08	327.82	333.99	386.32	396.28	418.85
Selling, General & Admin	280.42	274.87	278.62	264.98	258.3	255.64
Research & Development	94.1	93.86	118.49	120.53	127.43	117.12
Other Operating Expenses	-3,483	5,403	1,790	115.85	1,286	830.62
Total Operating Expenses	-3,108	5,772	2,187	501.36	1,672	1,203
Operating Income	-13,993	-5,444	-1,853	-115.05	-1,276	-784.53
Interest Expense	46.04	64.97	61.94	48.96	53.14	29.15
Other Non-Operating Income (Expense)	-9.55	-16.6	26.44	-49.89	6.41	2.29
Total Non-Operating Income (Expense)	36.49	48.37	88.38	-0.93	59.55	31.44
Pretax Income	-14,049	-5,526	-1,934	-124.53	-1,322	-811.39
Provision for Income Taxes	-1,876	-1,678	-767.69	-553.65	147.33	-275.91
Net Income	-12,775	-4,230	-1,167	429.12	-1,470	-535.48
Net Income Attributable to Preferred Dividends	601.86	381.37	-	-	-	-
Net Income to Common	-12,775	-4,230	-1,167	429.12	-1,470	-535.48
Shares Outstanding (Basic)	297	278	193	137	113	100
Shares Outstanding (Diluted)	313	278	193	166	113	100
Shares Change (YoY)	46.38%	44.20%	16.23%	46.33%	12.98%	3.47%
EPS (Basic)	-35.65	-15.23	-6.06	3.14	-12.98	-5.34
EPS (Diluted)	-40.16	-15.23	-6.06	2.64	-12.98	-5.34
Shares Outstanding	345.93	312.06	245.78	168.68	115.49	112.86
Free Cash Flow	-88.29	-112.45	-66.51	9.77	0.73	91.13
Free Cash Flow Growth	-	-	-	1248.14%	-99.20%	82.37%
Free Cash Flow Per Share	-0.28	-0.41	-0.35	0.06	0.01	0.91
Gross Margin	68.11%	68.69%	72.06%	77.85%	79.37%	82.01%
Operating Margin	-2853.08%	-1140.82%	-399.82%	-23.18%	-255.53%	-153.60%
Profit Margin	-2482.01%	-806.35%	-251.73%	86.47%	-294.39%	-104.84%
FCF Margin	-18.00%	-23.56%	-14.35%	1.97%	0.15%	17.84%
EBITDA	-13,966	-5,419	-1,835	-100.52	-1,265	-773.17
EBITDA Margin	-2847.42%	-1135.48%	-395.98%	-20.26%	-253.35%	-151.38%
EBIT	-13,993	-5,444	-1,853	-115.05	-1,276	-784.53
EBIT Margin	-2853.08%	-1140.82%	-399.82%	-23.18%	-255.53%	-153.60%
Effective Tax Rate	13.35%	30.36%	39.69%	444.61%	-11.14%	34.00%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q