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Strategy Inc. MSTR

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$477.2M
▲ 3.0% YoY
$-3.8B
$-75.5M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Its Strategy One platform, a cloud-native analytics platform, is used by enterprises across a wide range of industries to deliver business intelligence and analytics solutions, including visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. In 2025, it structured and issued five classes of Preferred Stock instruments, which provide differentiated indirect economic exposure to its class A common stock and bitcoin holdings. As of February 13, 2026, it held approximately 717,131 bitcoins, acquired at an aggregate purchase price of $54.5 billion and an average purchase price of approximately $76,027 per bitcoin, inclusive of fees and expenses. As of December 31, 2025, it had a total of 1,539 employees, of whom 448 were based in the United States and 1,091 were based internationally. On August 11, 2025, the company changed its name from "MicroStrategy Incorporated" to "Strategy Inc".

Written from the business description in Strategy Inc's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 477.2M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.5 · Net income -3.8
0.25B0.50B-1.50B-3.00B
2009201220152018202120242025
Compound annual growth
−1.5%
−0.1%
−1.0%
+0.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−806 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1140.8% · Net -806.3%
-500%-1000%
200920172025
ROE
FY2025 · ROE -12.3%
10%20%30%-20%-40%-60%
200920172025
Three returns, three denominators.

Each USD of equity lost 12 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -75.5
100M200M-30M-60M
200920172025
Net buybacks $B Dividends $B
FY2022 · Dividends · · Net buybacks -0.0
0.05B0.10B-0.50B-1.00B
200920112016201820202022

Total assetsUSD 61.6B
EquityUSD 44.1B
CashUSD 2.3B
Gross debtUSD 8.2B
Net debtUSD 5.9B
Current ratio5.62×

Net debt stands at 13% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MSTR, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.50.50.50.50.50.50.50.50.50.50.60.60.60.50.50.4
Operating income $B−5.4−1.9−0.1−1.3−0.8−0.0−0.00.00.10.10.10.00.00.00.00.10.1
EBITDA $B−5.4−1.8−0.1−1.3−0.8−0.00.00.00.10.10.20.00.00.10.00.10.1
Income tax $B−1.7−0.8−0.60.1−0.3−0.00.0−0.00.10.00.00.0−0.00.00.00.00.0
Net income $B−3.8−1.20.4−1.5−0.5−0.00.00.00.00.10.10.00.10.00.00.00.1
Free cash flow $B−0.1−0.10.00.00.10.00.10.00.10.10.10.00.00.00.00.10.1
EPS, diluted $−15.23−6.062.64−12.98−53.44−0.783.331.971.588.019.180.447.371.841.623.726.09
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %−12.3−11.4——−75.1−1.66.64.03.118.127.21.632.611.111.324.134.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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