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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,501	2,301	38.12	46.82	43.84	63.36
Short-Term Investments	3,404	-	-	-	-	-
Cash & Short-Term Investments	5,906	2,301	38.12	46.82	43.84	63.36
Cash Growth	10779.46%	5937.91%	-18.58%	6.80%	-30.81%	6.17%
Accounts Receivable	147.13	215.45	183.8	185.02	189.88	190.38
Other Receivables	-	4.5	7.1	15.3	2.5	-
Receivables	147.13	219.95	190.9	200.32	192.38	190.38
Prepaid Expenses	52.9	40.85	21.52	18.91	21.32	13.15
Restricted Cash	1.67	1.87	1.78	1.86	7.03	1.08
Total Current Assets	6,108	2,564	252.32	267.9	264.57	267.97
Property, Plant & Equipment	87.91	75.83	80.89	86.28	93.61	103.35
Long-Term Accounts Receivable	9.7	4.7	6.8	0.9	0.7	-
Long-Term Deferred Tax Assets	5.15	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	70,941	58,913	23,930	3,634	1,847	2,861
Total Assets	77,152	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	79.3	37.23	32.69	31.48	42.98	46.08
Accrued Expenses	43.24	75.61	63.91	51.54	56.55	56.04
Current Portion of Long-Term Debt	1,046	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	206.72	272.12	237.97	228.16	217.43	209.86
Other Current Liabilities	136.45	27.12	0.4	1.2	-	-
Total Current Liabilities	1,511	456.49	355.38	323.27	317.4	311.99
Long-Term Debt	5,670	8,159	7,191	2,182	2,379	2,155
Long-Term Leases	60.81	46.14	56.4	61.09	67.34	76.61
Long-Term Unearned Revenue	2.71	5.45	4.97	8.52	12.76	8.09
Long-Term Deferred Tax Liabilities	1,404	1,926	0.41	0.36	0.2	0.11
Other Long-Term Liabilities	5.03	4.74	5.38	22.21	17.12	26.22
Total Liabilities	8,654	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.42	0.31	0.25	0.03	0.02	0.02
Additional Paid-In Capital	51,516	37,807	20,412	3,958	1,841	1,727
Retained Earnings	3,939	6,322	-2,167	-999.23	-1,428	41.44
Treasury Stock	-	-	-	-782.1	-782.1	-782.1
Comprehensive Income & Other	-14.27	-5.17	-15.38	-11.44	-13.8	-7.54
Total Common Equity	55,441	44,123	18,230	2,165	-383.12	978.96
Shareholders' Equity	68,497	51,043	18,230	2,165	-383.12	978.96
Total Liabilities & Equity	77,152	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	6,776	8,248	7,258	2,254	2,446	2,232
Net Cash (Debt)	-870.31	-5,946	-7,220	-2,207	-2,403	-2,168
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.59	-21.42	-37.50	-13.32	-21.22	-21.64
Filing Date Shares Outstanding	422.35	333.75	257.35	169.68	115.49	112.85
Total Common Shares Outstanding	421.98	312.06	245.78	168.68	115.49	112.86
Working Capital	4,596	2,108	-103.06	-55.38	-52.84	-44.02
Book Value Per Share	131.38	141.39	74.17	12.83	-3.32	8.67
Tangible Book Value	55,441	44,123	18,230	2,165	-383.12	978.96
Tangible Book Value Per Share	131.38	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: Nov 2, 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:

Nov 4, 2026

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