FY2025 · ended Dec 31, 2025 · Revenue $477.23M, +3.0% YoY · Filed Feb 19, 2026
Strategy Inc (MSTR) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $477.2 million and a net loss of $3.8 billion. Free cash flow was -$75.5 million. As of Sep 30, 2026 it held $5.9 billion in cash and investments and $6.8 billion in total debt.
Revenue (TTM)
$495.08M
+4.2% vs year-ago TTM
Net income (TTM)
$-13.67B
-272.6% vs year-ago TTM
Operating cash flow (TTM)
$-7.36M
+88.3% vs year-ago TTM
Free cash flow (TTM)
$-11.13M
+84.3% vs year-ago TTM
EPS (TTM)
$-46.35
-270.0% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$-870.31M
as of Sep 30, 2026
Operating margin
-3905.9%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- MSTR (Nasdaq), STRC (Nasdaq), STRD (Nasdaq), STRF (Nasdaq), STRK (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Tysons Corner, VA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1050446
- Former names
- MICROSTRATEGY INC (until Aug 11, 2025); MICROSTRATEGY Inc (until Aug 11, 2025)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $477.2M | $463.5M | $496.3M | $499.3M | $510.8M |
| Operating income | -$5.4B | -$1.9B | -$115.0M | -$1.3B | -$784.5M |
| Net income | -$3.8B | -$1.2B | $429.1M | -$1.5B | -$535.5M |
| Diluted EPS | -$15.23 | -$6.06 | $2.64 | -$12.98 | -$53.44 |
| Operating cash flow | -$67.2M | -$53.0M | $12.7M | $3.2M | $93.8M |
| Free cash flow | -$75.5M | -$56.0M | $9.8M | $725,000 | $91.1M |
| Total assets | $61.6B | $25.8B | $4.8B | $2.4B | $3.6B |
| Total liabilities | $10.6B | $7.6B | $2.6B | $2.8B | $2.6B |
| Stockholders' equity | $44.1B | $18.2B | $2.2B | -$383.1M | $979.0M |
| Cash and investments | $2.3B | $38.1M | $46.8M | $43.8M | $63.4M |
| Total debt | $8.2B | $7.3B | $2.3B | $2.5B | $2.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 2, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Nov 2, 2026 | Nov 2, 2026 |
| 8-K |
Current report
Change to shareholder rights, Bylaw or fiscal year change, Shareholder vote results, Regulation FD disclosure, Other events
|
Oct 29, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Results of operations, Officer or director change, Regulation FD disclosure
|
Oct 29, 2026 | Oct 26, 2026 |
| 8-K |
Current report
Other events
|
Oct 28, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Oct 26, 2026 | Oct 26, 2026 |
All 1001 Strategy Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.