Strategy Inc Common Stock financials
$154.67−1.57%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q3 '26 Mar 31 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 | Q2 '23 Jun 30 | Q1 '23 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.4M | $124.3M | $114.5M | $111.1M | $120.7M | $116.1M | $111.4M | $115.2M | $124.5M | $129.5M | $120.4M | $121.9M |
| Gross profit | $81.5M | $83.4M | $78.7M | $77.1M | $86.5M | $81.7M | $80.5M | $85.2M | $96.3M | $102.8M | $93.3M | $94.0M |
| Gross margin | 66.6% | 67.1% | 68.8% | 69.4% | 71.7% | 70.4% | 72.2% | 74.0% | 77.3% | 79.4% | 77.5% | 77.1% |
| Operating income | -$8.33B | -$14.9M | $14.03B | -$5.92B | $773.4M | -$432.6M | -$200.3M | -$203.7M | $73.1M | -$25.2M | -$26.7M | -$20.3M |
| Net income | -$8.62B | -$12.77B | $9.97B | -$4.23B | -$670.8M | -$340.2M | -$102.6M | -$53.1M | $89.1M | -$143.4M | $22.2M | $461.2M |
| Net margin | −7044.6% | −10275.3% | 8709.9% | −3806.8% | −555.8% | −293.1% | −92.0% | −46.1% | 71.6% | −110.8% | 18.5% | 378.3% |
| Diluted EPS | $-24.45 | $-38.25 | $32.60 | $-16.49 | $-3.02 | $-1.72 | $-0.57 | $-0.31 | $0.18 | $-1.01 | $0.15 | $3.18 |
| EBITDA | -$8.33B | -$6.2M | $14.03B | -$8.8M | -$5.2M | -$14.5M | -$20.2M | -$9.0M | $1.6M | $11.1M | $665.0K | $2.0M |
| Operating cash flow | — | $14.0M | — | -$2.4M | -$50.6M | -$41.0M | — | $28.6M | $1.2M | -$7.4M | -$18.5M | $37.4M |
| Free cash flow | — | $13.0M | — | -$11.1M | -$55.4M | -$41.4M | — | $27.0M | $837.0K | -$8.8M | -$19.1M | $36.9M |
| Diluted shares | 352.5M | 333.9M | 306.8M | 256.5M | 222.4M | 197.3M | 178.6M | 171.9M | 489.8M | 142.2M | 161.0M | 145.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Mar 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.71B | $2.21B | $2.30B | $54.3M | $60.3M | $38.1M |
| Short-term investments | $736.1M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $6.72B | $8.20B | $8.20B | $8.20B | $8.15B | $7.20B |
| Total assets | $52.56B | $54.27B | $61.64B | $73.62B | $43.92B | $25.84B |
| Total liabilities | $7.24B | $8.63B | $10.60B | $15.50B | $10.39B | $7.61B |
| Shareholders' equity | $30.89B | $36.65B | $44.12B | $52.33B | $32.22B | $18.23B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology