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Strategy Inc

MSTR

Companies in Finance Services

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
2,2072,30154506038466781474566
Restricted Cash And Cash Equivalents At Carrying V…
222222222222
Accounts Receivable Net Current
122206113118105181107112115184129122
Prepaid Expense And Other Assets Current
605544433731312743352420
Assets Current
2,3912,564214213204252186208242268200210
Indefinite Lived Intangible Assets Excluding Goodw…
--73,20664,36343,54623,9096,8515,6885,0743,6262,4512,323
Crypto Asset Fair Value
51,65058,854---23,909------
Property Plant And Equipment Net
282930302826282829293031
Operating Lease Right Of Use Asset
584749525355555455575558
Deferred Income Tax Assets Net
556651,5251,1731,032920758614719
Assets
54,26961,64173,61964,77343,92025,8448,3447,0536,3524,7633,3743,363
Liabilities And Stockhold…
Liabilities Current
Employee Related Liabilities Current
347045503358524741504341
Interest Payable Current
663066665111101
Dividends Payable Current
4827---0------
Long Term Debt Current
3131001111450000
Contract With Customer Liability Current
231272201214216238184205216228179196
Liabilities Current
395456324315309355288446310323268273
Long Term Debt Noncurrent
8,1658,1598,1748,1628,1407,1914,2123,7033,5592,1822,1802,178
Contract With Customer Liability Noncurrent
5534456669811
Operating Lease Liability Noncurrent
614648515456575758616064
Other Liabilities Noncurrent
5555456618221818
Deferred Income Tax Liabilities Net
11,9266,9485,8661,8830000000
Treasury Stock Value
-----0-782-782-782-782-782-782
Liabilities
8,63210,59815,50214,40210,3947,6144,5704,2183,9512,5982,5342,544
Temporary Equity
Temporary Equity Carrying Amount Attributable To P…
8,9856,9205,7862,8941,3040------
Stockholders Equity
Preferred Stock Value
000000000000
Additional Paid In Capital Common Stock
43,13037,80733,39031,15825,88120,4126,0604,7854,2483,9582,7262,559
Accumulated Other Comprehensive Income Loss Net Of…
-8-5-5-5-12-15-10-14-13-11-15-13
Retained Earnings Accumulated Deficit
-6,4716,32218,94516,3246,352-2,167-1,495-1,155-1,052-999-1,088-945
Stockholders Equity
36,65144,12352,33147,47732,22118,2303,7742,8352,4002,165840819
Liabilities And Stockholders Equity
54,26961,64173,61964,77343,92025,8448,3447,0536,3524,7633,3743,363
Treasury Stock Common Shares
-----099999-
A10.00 Series A Perpetual Strife Preferred Stock
-0---0------
Variable Rate Series A Perpetual Stretch Preferred…
-00--0------
Series A Perpetual Strife Preferred Stock
--000-------
Series A Perpetual Stride Preferred Stock
--00--------
A10.00 Series Perpetual Stream Preferred Stock
-0---0------
A8.00 Series A Perpetual Strike Preferred Stock
-0---0------
A10.00 Series A Perpetual Stride Preferred Stock
-0---0------
Common Class A
331314266-2462470121416601131
Common Class B
20200020000200180
Series A Perpetual Strike Preferred Stock
--000-------
Temporary Equity Dividend Rate Percentage
-0--0-------
Temporary Equity Par Or Stated Value Per Share
0.001-----------
Temporary Equity Shares Authorized
425-----------
Temporary Equity Shares Issued
99-----------
Temporary Equity Shares Outstanding
99-----------
Temporary Equity Aggregate Amount Of Redemption Re…
10,005-----------
Temporary Equity Liquidation Preference
10,005-----------
Preferred Stock Par Or Stated Value Per Share
0.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.001
Preferred Stock Shares Authorized
5805635706907275555555
Preferred Stock Shares Issued
000000000000
Preferred Stock Shares Outstanding
000000000000
Treasury Stock Shares
-----------9

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-14.84%-55.94%-50.93%---------
2025-4.52%-0.69%5.01%-10.93%-17.68%-23.01%-33.06%-40.00%-38.37%7.89%-0.63%44.91%
202463.85%44.30%72.96%-3.29%28.70%71.15%72.55%48.96%62.17%-10.92%-10.18%24.57%
2023----22.74%-25.79%-19.99%21.93%45.13%12.73%98.55%100.42%70.34%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
6.05
5.62
0.66
0.68
0.66
0.71
0.65
0.47
0.78
0.83
0.75
0.77
Quick Ratio
5.90
5.50
0.52
0.54
0.54
0.62
0.54
0.41
0.64
0.72
0.66
0.70
Working Capital
2.00B
2.11B
-110.14M
-101.11M
-105.08M
-103.06M
-102.07M
-237.79M
-68.22M
-55.38M
-68.16M
-63.30M
Leverage & Debt
Debt to Equity
0.24
0.24
0.30
0.30
0.32
0.42
1.21
1.49
1.65
1.20
3.01
3.11
Interest Coverage TTM
-281.64
-83.80
156.13
95.72
-112.72
-29.92
-15.32
-9.39
-6.50
-2.35
-5.13
-4.27
Debt Ratio
0.16
0.17
0.21
0.22
0.24
0.29
0.55
0.60
0.62
0.55
0.75
0.76
Efficiency & Turnover
Asset Turnover TTM
0.01
0.01
0.01
0.01
0.02
0.03
0.08
0.09
0.10
0.14
0.17
0.17
Days Sales Outstanding TTM
84.41
147.98
84.76
90.83
87.31
143.74
92.11
88.90
94.80
137.21
86.33
87.76
Receivables Turnover TTM
4.32
2.47
4.31
4.02
4.18
2.54
3.96
4.11
3.85
2.66
4.23
4.16
Per Share Metrics
Diluted EPS TTM
-36.43
-13.86
24.91
15.43
-20.83
-6.06
-2.06
-1.18
-0.50
2.59
0.64
1.17
Free Cash Flow Per Share TTM
-0.17
-0.27
-0.25
-0.37
-0.34
-0.29
-0.19
-0.03
-0.00
0.07
-0.07
-0.02
Dividend Per Share TTM
1.80
1.37
0.70
0.21
0.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
68.11%
68.69%
70.12%
70.10%
70.95%
72.06%
73.56%
75.90%
77.12%
77.85%
78.50%
78.58%
Operating Profit Margin TTM
-2,853.08%
-1,140.82%
2,312.91%
1,440.90%
-1,648.40%
-399.82%
-188.20%
-98.21%
-60.96%
-23.18%
-52.74%
-46.91%
Net Profit Margin TTM
-2,479.84%
-806.35%
1,654.50%
1,023.69%
-1,163.04%
-251.73%
-87.05%
-43.69%
-17.40%
86.47%
17.91%
41.32%
Growth Metrics
Net Revenue Growth (1Y)
6.79%
2.97%
1.65%
-3.81%
-6.19%
-6.61%
-7.35%
-3.92%
-2.45%
-0.60%
0.62%
-0.72%
Net Income Growth (1Y)
127.70%
229.84%
-2,032.00%
-2,353.77%
6,170.17%
-371.87%
-550.29%
-201.60%
-90.30%
-129.20%
-106.89%
-115.67%
EPS Growth (1Y)
74.89%
128.74%
-1,440.24%
-1,562.48%
4,103.59%
-293.02%
-424.61%
-190.42%
-91.99%
-129.01%
-106.58%
-113.37%
Valuation Metrics
P/E TTM
-3.43
-10.96
11.66
23.51
-13.84
-47.80
-81.78
-117.16
-344.04
20.12
51.69
26.34
P/B TTM
1.14
0.96
1.75
2.34
2.29
3.06
8.81
8.68
12.21
3.99
5.56
6.65
P/S TTM
84.96
88.41
192.93
240.66
160.98
120.33
71.18
51.19
59.86
17.40
9.26
10.88
Market Cap
41.67B
42.19B
91.63B
111.26B
73.93B
55.77B
33.26B
24.60B
29.31B
8.63B
4.67B
5.44B
Enterprise Value
47.66B
48.08B
99.75B
119.37B
82.01B
62.92B
37.43B
28.38B
32.79B
10.77B
6.80B
7.56B
Calculated Values
Free Cash Flow TTM
-57.29M
-75.45M
-70.85M
-101.13M
-88.18M
-56.01M
-37.57M
-5.02M
-82.00K
9.77M
-9.90M
-2.83M
Net Debt
5.99B
5.89B
8.12B
8.11B
8.08B
7.15B
4.17B
3.78B
3.48B
2.14B
2.14B
2.11B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-23Sale
Owner: Patten, Jarrod M
Title: -
Shares: 1,500
Price/Share: $106.08
Value: $159,120.00
Shares Owned: 28,406
Relationship: Director
Ownership: Direct
2026-06-22Purchase
Owner: Le, Phong
Title: President & CEO
Shares: 11,000
Price/Share: $90.80
Value: $998,800.00
Shares Owned: 11,000
Relationship: Director,Officer
Ownership: Indirect
2026-06-17Sale
Owner: Patten, Jarrod M
Title: -
Shares: 1,500
Price/Share: $121.31
Value: $181,965.00
Shares Owned: 28,406
Relationship: Director
Ownership: Direct
2026-06-16Purchase
Owner: Chow, Thomas C.
Title: EVP & General Counsel
Shares: 111
Price/Share: $79.40
Value: $8,813.40
Shares Owned: 100
Relationship: Officer
Ownership: Direct
2026-06-15Sale
Owner: Patten, Jarrod M
Title: -
Shares: 1,500
Price/Share: $133.97
Value: $200,955.00
Shares Owned: 28,406
Relationship: Director
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
56.23%
Inst. Shares: 187,756,999
Shares Outstanding: 333,913,000
2025-12-31
59.07%
Inst. Shares: 164,008,114
Shares Outstanding: 277,660,000
2025-09-30
47.87%
Inst. Shares: 136,144,249
Shares Outstanding: 284,376,000
2025-06-30
53.75%
Inst. Shares: 147,930,563
Shares Outstanding: 275,244,000
2025-03-31
52.05%
Inst. Shares: 133,503,956
Shares Outstanding: 256,473,000

Strategy Inc (MSTR) — SEC Financial Statements & Analysis

Strategy Inc (MSTR) is a finance services company, incorporated in DE. Strategy Inc trades on STRK: Nasdaq as: MSTR: Nasdaq, STRC: Nasdaq, STRD: Nasdaq, STRF: Nasdaq. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Strategy Inc reported a 6.79% year-over-year revenue growth, a Gross Profit Margin of 68.11% (TTM), a Debt-to-Equity ratio of 0.24x, a Price-to-Sales (P/S) ratio of 84.96x (TTM), a Price-to-Book (P/B) ratio of 1.14 (TTM), at a market cap of $41.67B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
6.79%
Gross Profit Margin TTM
68.11%
Debt To Equity
0.24x
P/S TTM
84.96x
P/B TTM
1.14
Market Cap
$41.67B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Strategy Inc in?

Strategy Inc (MSTR) operates in the Finance Services industry.

What is MSTR's market cap?

Strategy Inc (MSTR) has a market capitalization of $41.67B as of 2026-03-31.

What exchange does MSTR trade on?

Strategy Inc (MSTR) trades on the STRK: Nasdaq.

Where is Strategy Inc incorporated?

Strategy Inc is incorporated in DE.

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Strategy Inc (MSTR) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 50+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.