Strategy Inc (MSTR)

Strategy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,712	2,301	38.12	46.82	43.84	63.36
Short-Term Investments	736.15	-	-	-	-	-
Cash & Short-Term Investments	2,448	2,301	38.12	46.82	43.84	63.36
Cash Growth	4786.68%	5937.91%	-18.58%	6.80%	-30.81%	6.17%
Accounts Receivable	137.09	215.45	183.8	185.02	189.88	190.38
Other Receivables	-	4.5	7.1	15.3	2.5	-
Receivables	137.09	219.95	190.9	200.32	192.38	190.38
Prepaid Expenses	81.72	40.85	21.52	18.91	21.32	13.15
Restricted Cash	1.85	1.87	1.78	1.86	7.03	1.08
Total Current Assets	2,669	2,564	252.32	267.9	264.57	267.97
Property, Plant & Equipment	86.57	75.83	80.89	86.28	93.61	103.35
Long-Term Accounts Receivable	7	4.7	6.8	0.9	0.7	-
Long-Term Deferred Tax Assets	5.11	4.51	1,525	757.57	188.15	319.78
Long-Term Deferred Charges	-	79.3	48.3	15.7	15.8	4.7
Other Long-Term Assets	49,795	58,913	23,930	3,634	1,847	2,861
Total Assets	52,563	61,641	25,844	4,763	2,410	3,557

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	35.34	37.23	32.69	31.48	42.98	46.08
Accrued Expenses	41.94	75.61	63.91	51.54	56.55	56.04
Current Portion of Long-Term Debt	39.81	31.31	0.52	0.48	0.45	-
Current Portion of Leases	-	11.31	10.4	10.41	-	-
Current Income Taxes Payable	-	1.8	9.5	-	-	-
Current Unearned Revenue	222.86	272.12	237.97	228.16	217.43	209.86
Other Current Liabilities	155.16	27.12	0.4	1.2	-	-
Total Current Liabilities	495.11	456.49	355.38	323.27	317.4	311.99
Long-Term Debt	6,670	8,159	7,191	2,182	2,379	2,155
Long-Term Leases	60.85	46.14	56.4	61.09	67.34	76.61
Long-Term Unearned Revenue	3.26	5.45	4.97	8.52	12.76	8.09
Long-Term Deferred Tax Liabilities	1.36	1,926	0.41	0.36	0.2	0.11
Other Long-Term Liabilities	4.93	4.74	5.38	22.21	17.12	26.22
Total Liabilities	7,236	10,598	7,614	2,598	2,793	2,578

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.37	0.31	0.25	0.03	0.02	0.02
Additional Paid-In Capital	46,093	37,807	20,412	3,958	1,841	1,727
Retained Earnings	-15,199	6,322	-2,167	-999.23	-1,428	41.44
Treasury Stock	-	-	-	-782.1	-782.1	-782.1
Comprehensive Income & Other	-8.43	-5.17	-15.38	-11.44	-13.8	-7.54
Total Common Equity	30,886	44,123	18,230	2,165	-383.12	978.96
Shareholders' Equity	45,327	51,043	18,230	2,165	-383.12	978.96
Total Liabilities & Equity	52,563	61,641	25,844	4,763	2,410	3,557

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	6,771	8,248	7,258	2,254	2,446	2,232
Net Cash (Debt)	-4,323	-5,946	-7,220	-2,207	-2,403	-2,168
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.66	-21.42	-37.50	-13.32	-21.22	-21.64
Filing Date Shares Outstanding	384.23	333.75	257.35	169.68	115.49	112.85
Total Common Shares Outstanding	371.6	312.06	245.78	168.68	115.49	112.86
Working Capital	2,174	2,108	-103.06	-55.38	-52.84	-44.02
Book Value Per Share	83.12	141.39	74.17	12.83	-3.32	8.67
Tangible Book Value	30,886	44,123	18,230	2,165	-383.12	978.96
Tangible Book Value Per Share	83.12	141.39	74.17	12.83	-3.32	8.67
Machinery	-	108.62	120.18	119.54	118.96	120.43
Leasehold Improvements	-	31.99	29.55	29.94	28.76	28.87

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 18, 2026

Data Sources Report a data error