Strategy Inc (MSTR)
NASDAQ: MSTR · Real-Time Price · USD
159.09
+7.45 (4.91%)
At close: May 29, 2026, 4:00 PM EDT
158.96
-0.13 (-0.08%)
After-hours: May 29, 2026, 7:59 PM EDT
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 |
| 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 | 13,953 | 5,403 | 1,790 | 115.85 | 1,286 | 830.62 |
Total Operating Expenses | 14,328 | 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% |