Strategy Inc Common Stock financials
$154.67−1.57%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 | FY15 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $463.5M | $496.3M | $499.3M | $510.8M | $480.7M | $486.3M | $497.6M | $503.8M | $513.6M | $529.9M |
| Gross profit | $334.0M | $386.3M | $396.3M | $418.9M | $389.7M | $386.4M | $398.1M | $407.2M | $420.4M | $428.8M |
| Gross margin | 72.1% | 77.8% | 79.4% | 82.0% | 81.1% | 79.4% | 80.0% | 80.8% | 81.9% | 80.9% |
| Operating income | -$63.1M | $804.0K | $10.5M | -$784.5M | -$13.6M | -$1.0M | $4.0M | $73.2M | $109.5M | $134.0M |
| Net income | -$1.17B | $429.1M | -$1.47B | -$535.5M | -$7.5M | $34.4M | $22.5M | $18.2M | $92.2M | $105.9M |
| Net margin | −251.7% | 86.5% | −294.4% | −104.8% | −1.6% | 7.1% | 4.5% | 3.6% | 18.0% | 20.0% |
| Diluted EPS | $-6.06 | $2.64 | $-12.98 | $-5.34 | $-0.08 | $0.33 | $0.20 | $0.16 | $0.80 | $0.92 |
| EBITDA | -$45.3M | $15.3M | $21.4M | $57.5M | $78.6M | $7.6M | $7.7M | $88.8M | $129.5M | $155.5M |
| Operating cash flow | -$53.0M | $12.7M | $3.2M | $93.8M | $53.6M | $60.9M | $10.6M | $78.3M | $110.6M | $149.7M |
| Free cash flow | -$66.5M | $9.8M | $725.0K | $91.1M | $50.0M | $50.7M | $3.8M | $74.3M | $108.3M | $146.2M |
| Diluted shares | 192.5M | 165.7M | 113.2M | 100.2M | 96.8M | 103.3M | 114.1M | 115.5M | 115.2M | 115.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.30B | $38.1M | $46.8M | $43.8M | $63.4M | $59.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $8.20B | $7.20B | $2.18B | $2.38B | $2.16B | $486.6M |
| Total assets | $61.64B | $25.84B | $4.76B | $2.41B | $3.56B | $1.47B |
| Total liabilities | $10.60B | $7.61B | $2.60B | $2.79B | $2.58B | $912.6M |
| Shareholders' equity | $44.12B | $18.23B | $2.16B | -$383.1M | $979.0M | $553.0M |
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