Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock financials
$99.10+0.57%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q3 '26 Mar 31 | Q3 '25 Sep 30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $122.4M | $124.3M | $128.7M | $1.0M | $1.7M | $761.0K | $871.0K | $2.7M | $3.4M | $746.0K | $1.8M | $1.3M |
| Gross profit | $81.5M | $83.4M | $90.7M | $541.0K | $1.4M | $207.0K | $392.0K | $2.1M | $1.6M | -$344.0K | $605.0K | $334.0K |
| Gross margin | 66.6% | 67.1% | 70.5% | 53.3% | 79.4% | 27.2% | 45.0% | 79.0% | 45.2% | −46.1% | 33.1% | 26.2% |
| Operating income | -$8.33B | -$14.9M | -$5.0K | -$8.1M | -$6.9M | -$6.5M | -$7.3M | -$5.8M | -$7.4M | -$37.1M | -$30.8M | -$30.0M |
| Net income | -$8.62B | -$12.77B | $2.65B | -$7.5M | $22.8M | -$53.0M | -$7.1M | -$5.3M | -$7.2M | -$36.5M | -$29.0M | -$28.7M |
| Net margin | −7044.6% | −10275.3% | 2055.4% | −737.6% | 1330.9% | −6960.4% | −814.7% | −196.2% | −210.1% | −4889.5% | −1586.3% | −2244.3% |
| Diluted EPS | $-24.45 | $-38.25 | $8.42 | $-0.20 | $0.55 | $-1.86 | $-0.27 | $-0.20 | $-0.28 | $-1.41 | $-1.13 | $-1.12 |
| EBITDA | -$8.33B | -$6.2M | $4.2M | -$7.9M | -$6.7M | -$6.3M | -$7.3M | -$5.6M | -$7.1M | -$15.0M | -$18.8M | -$24.3M |
| Operating cash flow | — | $14.0M | -$8.3M | -$5.3M | -$7.5M | -$5.1M | -$4.5M | -$5.8M | -$7.2M | -$16.5M | -$20.1M | -$19.9M |
| Free cash flow | — | $13.0M | -$16.1M | -$5.3M | -$7.6M | -$5.1M | -$4.5M | -$5.9M | -$7.3M | -$16.7M | -$20.5M | -$20.1M |
| Diluted shares | 352.5M | 333.9M | 315.4M | 37.7M | 41.1M | 28.4M | 26.2M | 26.6M | 25.9M | 25.9M | 25.7M | 25.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.71B | $2.21B | $2.30B | $54.3M | $20.1M | $10.1M |
| Short-term investments | $736.1M | $0.00 | $0.00 | $0.00 | $42.6M | $36.6M |
| Total debt | $6.72B | $8.20B | $8.20B | $8.20B | $0.00 | $0.00 |
| Total assets | $52.56B | $54.27B | $61.64B | $73.62B | $78.3M | $63.3M |
| Total liabilities | $7.24B | $8.63B | $10.60B | $15.50B | $24.5M | $35.0M |
| Shareholders' equity | $30.89B | $36.65B | $44.12B | $52.33B | $53.8M | $28.3M |
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