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    MSTR

    Strategy Inc

    Company overview

    Market capitalization
    $60.38B
    Employees
    1,511
    Latest publication
    2026-09-29
    About Strategy Inc

    Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ3 20222022-09-30 · USDQ4 20202020-12-31 · USDQ2 20202020-06-30 · USDQ1 20202020-03-31 · USD
    Total Revenue122,368,000USD128,691,000USD114,488,000USD111,066,000USD125,360,000USD131,319,000USD110,584,000USD111,424,000USD
    Cost Of Revenue40,818,000USD38,013,000USD35,750,000USD33,971,000USD25,385,000USD20,785,000USD23,989,000USD24,545,000USD
    Gross Profit81,550,000USD90,678,000USD78,738,000USD77,095,000USD99,975,000USD110,534,000USD86,595,000USD86,879,000USD
    Research Development23,099,000USD22,602,000USD24,071,000USD24,423,000USD30,498,000USD24,955,000USD25,867,000USD26,101,000USD
    Selling General Administrative39,917,000USD38,173,000USD36,500,000USD40,547,000USD27,283,000USD19,622,000USD19,449,000USD21,332,000USD
    Selling And Marketing Expenses34,119,000USD——27,532,000USD35,409,000USD39,111,000USD34,951,000USD39,518,000USD
    General And Administrative Expenses39,917,000USD———————
    Total Operating Expenses8,412,500,000USD-3,800,164,000USD-13,953,252,000USD5,998,507,000USD93,917,000USD110,144,000USD80,267,000USD86,951,000USD
    Operating Income-8,330,950,000USD3,890,842,000USD14,031,990,000USD-5,921,412,000USD6,058,000USD390,000USD6,328,000USD-72,000USD
    Total Other Income Expense Net112,880,000USD-19,606,000USD-26,168,000USD-21,042,000USD-9,176,000USD-4,423,000USD-1,432,000USD2,289,000USD
    Interest Income14,371,000USD————1,917,000USD563,000USD1,855,000USD
    Interest Expense15,621,000USD18,890,000USD17,897,000USD17,106,000USD14,073,000USD1,917,000USD563,000USD1,855,000USD
    Income Before Tax-8,218,070,000USD3,871,236,000USD14,005,822,000USD-5,942,454,000USD-3,118,000USD-4,033,000USD4,896,000USD2,217,000USD
    Income Tax Expense1,558,000USD1,086,212,000USD3,984,976,000USD-1,725,084,000USD23,961,000USD-6,694,000USD1,509,000USD1,560,000USD
    Net Income-8,219,628,000USD2,785,024,000USD10,020,846,000USD-4,217,370,000USD-27,079,000USD2,661,000USD3,387,000USD657,000USD
    Net Income Applicable To Common Shares-8,620,289,000USD———-27,079,000USD2,661,000USD3,387,000USD657,000USD
    Unclassified Operating Expenses—-3,860,939,000USD-14,013,823,000USD5,906,005,000USD—26,456,000USD——
    Net Interest Income—-18,890,000USD-17,897,000USD-17,106,000USD-14,073,000USD-1,917,000USD563,000USD1,855,000USD
    Tax Provision—1,086,212,000USD3,984,976,000USD-1,725,084,000USD23,961,000USD-6,694,000USD1,509,000USD1,560,000USD
    Net Income From Continuing Ops—2,785,024,000USD10,020,846,000USD-4,217,370,000USD-27,079,000USD2,661,000USD3,387,000USD657,000USD
    Ebit—3,890,126,000USD14,023,719,000USD-5,925,348,000USD10,955,000USD26,846,000USD6,328,000USD-72,000USD
    Ebitda—3,894,321,000USD14,032,837,000USD-5,918,773,000USD13,105,000USD30,836,000USD9,400,000USD2,684,000USD
    Depreciation And Amortization—4,195,000USD9,118,000USD6,575,000USD2,150,000USD3,990,000USD3,072,000USD2,756,000USD
    Reconciled Depreciation—4,195,000USD9,118,000USD6,575,000USD2,150,000USD12,200,000USD1,019,000USD4,809,000USD
    Non Operating Income Net Other————4,897,000USD-2,506,000USD-1,995,000USD434,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USDFY 20162016-12-31 · USDFY 20152015-12-31 · USDFY 20142014-12-31 · USDFY 20102010-12-31 · USDFY 20082008-12-31 · USD
    Total Revenue486,327,000USD497,638,000USD503,843,000USD513,589,000USD529,869,000USD579,830,000USD454,577,000USD360,393,000USD
    Cost Of Revenue99,974,000USD99,499,000USD96,649,000USD93,147,000USD101,108,000USD135,210,000USD106,091,000USD63,406,000USD
    Gross Profit386,353,000USD398,139,000USD407,194,000USD420,442,000USD428,761,000USD444,620,000USD348,486,000USD296,987,000USD
    Research Development109,423,000USD102,499,000USD78,766,000USD73,142,000USD65,206,000USD103,355,000USD50,566,000USD30,571,000USD
    Selling General Administrative86,697,000USD86,134,000USD80,161,000USD79,462,000USD80,732,000USD96,343,000USD81,599,000USD60,933,000USD
    Selling And Marketing Expenses191,235,000USD205,525,000USD175,045,000USD158,281,000USD148,522,000USD225,086,000USD165,732,000USD137,683,000USD
    Total Operating Expenses387,355,000USD394,158,000USD333,972,000USD310,930,000USD294,739,000USD439,516,000USD297,897,000USD229,187,000USD
    Operating Income-1,002,000USD3,981,000USD73,222,000USD109,512,000USD134,022,000USD5,104,000USD50,589,000USD67,800,000USD
    Interest Income10,909,000USD11,855,000USD5,205,000USD2,203,000USD772,000USD———
    Interest Expense39,265,000USD0USD0USD0USD0USD0USD0USD0USD
    Net Interest Income10,909,000USD11,855,000USD5,205,000USD2,203,000USD————
    Income Before Tax38,263,000USD20,482,000USD71,474,000USD114,933,000USD137,864,000USD11,051,000USD54,960,000USD70,771,000USD
    Income Tax Expense3,908,000USD-2,019,000USD53,279,000USD22,694,000USD31,933,000USD6,016,000USD11,168,000USD29,003,000USD
    Tax Provision3,908,000USD-2,019,000USD54,964,000USD22,138,000USD31,933,000USD———
    Net Income34,355,000USD22,501,000USD18,195,000USD92,239,000USD105,931,000USD5,035,000USD43,792,000USD41,833,000USD
    Net Income From Continuing Ops34,355,000USD22,501,000USD17,643,000USD90,908,000USD105,931,000USD5,035,000USD——
    Ebit-1,002,000USD3,981,000USD73,222,000USD109,557,000USD134,301,000USD19,836,000USD50,589,000USD67,800,000USD
    Ebitda7,592,000USD7,682,000USD88,754,000USD129,501,000USD155,515,000USD45,131,000USD63,388,000USD74,199,000USD
    Depreciation And Amortization8,594,000USD3,701,000USD15,532,000USD19,944,000USD21,214,000USD25,295,000USD12,799,000USD6,399,000USD
    Reconciled Depreciation16,699,000USD3,701,000USD12,572,000USD—————
    Total Other Income Expense Net39,265,000USD16,501,000USD-1,748,000USD5,421,000USD3,842,000USD5,947,000USD4,371,000USD2,971,000USD
    Non Operating Income Net Other28,356,000USD4,646,000USD-6,953,000USD3,218,000USD3,558,000USD5,785,000USD——
    Net Income Applicable To Common Shares34,355,000USD22,501,000USD17,643,000USD90,908,000USD105,931,000USD5,035,000USD43,792,000USD41,768,000USD
    Unclassified Operating Expenses—————14,732,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets52,562,592,000USD54,268,750,000USD61,641,082,000USD73,619,038,000USD64,773,415,000USD43,919,760,000USD25,843,685,000USD8,343,581,000USD
    Cash And Equivalents1,711,837,000USD———————
    Total Current Assets2,668,630,000USD2,391,224,000USD2,564,137,000USD213,951,000USD213,461,000USD203,612,000USD252,324,000USD186,042,000USD
    Other Current Assets95,015,000USD61,748,000USD56,919,000USD46,260,000USD45,496,000USD34,069,000USD33,004,000USD32,530,000USD
    Total Liabilities7,235,609,000USD———————
    Total Current Liabilities495,107,000USD395,057,000USD456,492,000USD324,090,000USD314,572,000USD308,689,000USD355,384,000USD288,111,000USD
    Other Non Current Liabilities4,926,000USD———————
    Total Stockholder Equity30,886,088,000USD45,636,285,000USD51,042,972,000USD58,117,048,000USD50,370,965,000USD33,525,733,000USD18,229,984,000USD3,773,649,000USD
    Total Equity Including Noncontrolling Interest45,326,983,000USD———————
    Short Long Term Debt79,628,000USD31,402,000USD31,313,000USD316,000USD349,000USD525,000USD517,000USD509,000USD
    Long Term Debt6,670,114,000USD8,165,122,000USD8,158,842,000USD8,173,587,000USD8,162,281,000USD8,140,156,000USD7,191,158,000USD4,211,949,000USD
    Deferred Revenue222,858,000USD———————
    Deferred Revenue Non Current3,256,000USD———————
    Net Receivables123,786,000USD122,257,000USD205,748,000USD113,406,000USD117,870,000USD107,285,000USD181,203,000USD107,169,000USD
    Property Plant Equipment Net86,570,000USD86,545,000USD75,833,000USD79,185,000USD81,776,000USD81,405,000USD80,887,000USD82,825,000USD
    Retained Earnings-15,198,759,000USD-6,471,465,000USD6,321,763,000USD18,945,057,000USD16,323,739,000USD6,351,847,000USD-2,166,876,000USD-1,495,085,000USD
    Accumulated Other Comprehensive Income-8,433,000USD-7,913,000USD-5,170,999USD-5,112,999USD-5,020,000USD-11,966,999USD-15,383,999USD-9,580,000USD
    Intangible Assets—51,649,675,000USD58,854,028,000USD73,205,725,000USD64,362,798,000USD43,546,079,000USD23,909,373,000USD6,850,879,000USD
    Total Liab—8,632,465,000USD10,598,110,000USD15,501,990,000USD14,402,450,000USD10,394,027,000USD7,613,701,000USD4,569,932,000USD
    Other Current Liab—87,777,000USD102,726,000USD74,410,000USD55,752,000USD45,454,999USD73,111,000USD57,486,000USD
    Common Stock—346,000USD312,000USD287,000USD281,000USD267,000USD246,000USD212,000USD
    Capital Stock—8,985,274,000USD6,919,826,000USD5,786,617,000USD2,894,202,000USD1,304,764,000USD246,000USD212,000USD
    Cash—2,207,219,000USD2,301,470,000USD54,285,000USD50,095,000USD62,258,000USD38,117,000USD46,343,000USD
    Cash And Short Term Investments—2,207,219,000USD2,301,470,000USD54,285,000USD50,095,000USD62,258,000USD38,117,000USD46,343,000USD
    Current Deferred Revenue—231,218,000USD272,118,000USD200,641,000USD214,251,000USD215,693,000USD237,974,000USD184,402,000USD
    Net Debt—6,050,166,000USD5,980,955,000USD8,167,780,000USD8,163,753,000USD8,132,114,000USD7,220,345,000USD4,223,609,999USD
    Short Term Debt—31,402,000USD31,313,000USD316,000USD349,000USD525,000USD10,901,000USD509,000USD
    Short Long Term Debt Total—8,257,385,000USD8,282,425,000USD8,222,065,000USD8,213,848,000USD8,194,372,000USD7,258,462,000USD4,269,952,999USD
    Accounts Payable—44,660,000USD50,335,000USD48,723,000USD44,220,000USD47,016,000USD33,398,000USD45,714,000USD
    Property Plant Equipment Gross—86,545,000USD193,550,000USD79,185,000USD81,776,000USD81,405,000USD214,205,000USD82,825,000USD
    Common Stock Shares Outstanding—333,913,000shares293,998,000shares303,986,000shares298,039,000shares256,473,000shares221,608,000shares197,273,000shares
    Non Current Assets Total—51,877,526,000USD59,076,945,000USD73,405,087,000USD64,559,954,000USD43,716,148,000USD25,591,361,000USD8,157,539,000USD
    Non Current Liabilities Total—8,237,408,000USD10,141,618,000USD15,177,900,000USD14,087,878,000USD10,085,338,000USD7,258,317,000USD4,281,821,000USD
    Non Current Liabilities Other—4,822,000USD4,736,000USD4,790,000USD4,672,000USD4,439,000USD5,379,000USD5,676,000USD
    Non Currrent Assets Other—136,263,000USD142,577,000USD103,242,000USD99,264,000USD76,961,000USD68,994,000USD45,709,000USD
    Net Working Capital—1,996,167,000USD2,107,645,000USD-110,139,000USD-101,111,000USD-105,077,000USD-103,060,000USD-102,069,000USD
    Unclassified Current Liabilities—-31,402,000USD-31,313,000USD—————
    Unclassified Equity—43,130,043,000USD37,806,241,999USD33,390,199,999USD31,157,763,000USD25,880,821,999USD20,411,751,999USD5,277,890,000USD
    Unclassified Non Current Liabilities——1,978,040,000USD6,999,523,000USD5,920,925,000USD1,940,743,000USD—64,196,000USD
    Unclassified Non Current Assets——————1,532,107,000USD1,178,126,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets61,641,082,000USD25,843,685,000USD4,762,528,000USD2,410,272,000USD3,557,124,000USD1,465,612,000USD916,571,000USD855,768,000USD
    Intangible Assets58,854,028,000USD23,909,373,000USD3,626,476,000USD1,840,028,000USD2,850,210,000USD1,054,302,000USD——
    Other Current Assets55,046,000USD33,004,000USD37,263,000USD31,451,000USD15,329,000USD15,484,000USD24,284,000USD30,930,000USD
    Total Liab10,598,110,000USD7,613,701,000USD2,597,556,000USD2,793,392,000USD2,578,166,000USD912,567,000USD408,012,000USD326,037,000USD
    Total Stockholder Equity51,042,972,000USD18,229,984,000USD2,164,972,000USD-383,120,000USD978,958,000USD553,045,000USD508,559,000USD529,731,000USD
    Other Current Liab102,726,000USD73,111,000USD51,538,000USD51,045,000USD53,041,000USD46,520,000USD47,892,000USD48,045,000USD
    Common Stock312,000USD246,000USD26,000USD20,000USD20,000USD18,000USD18,000USD18,000USD
    Capital Stock6,919,826,000USD246,000USD26,000USD20,000USD20,000USD18,000USD18,000USD18,000USD
    Retained Earnings6,321,763,000USD-2,166,876,000USD-999,234,000USD-1,428,355,000USD41,442,000USD575,965,000USD583,489,000USD549,134,000USD
    Cash2,303,343,000USD38,117,000USD46,817,000USD43,835,000USD63,356,000USD59,675,000USD456,727,000USD109,924,000USD
    Cash And Short Term Investments2,303,343,000USD38,117,000USD46,817,000USD43,835,000USD63,356,000USD59,675,000USD565,646,000USD576,110,000USD
    Total Current Assets2,564,137,000USD252,324,000USD267,895,000USD264,566,000USD267,965,000USD272,620,000USD753,446,000USD778,399,000USD
    Total Current Liabilities456,492,000USD355,384,000USD323,273,000USD317,403,000USD311,985,000USD285,618,000USD269,818,000USD258,269,000USD
    Current Deferred Revenue272,118,000USD237,974,000USD228,162,000USD217,428,000USD209,860,000USD191,250,000USD187,107,000USD176,540,000USD
    Net Debt5,979,082,000USD7,220,345,000USD2,207,323,000USD2,402,523,000USD2,168,403,000USD511,019,000USD-353,303,000USD-109,924,000USD
    Short Term Debt31,313,000USD10,901,000USD10,946,000USD454,000USD46,084,000USD-38,707,000USD33,919,000USD—
    Short Long Term Debt31,313,000USD517,000USD483,000USD454,000USD————
    Short Long Term Debt Total8,282,425,000USD7,258,462,000USD2,254,140,000USD2,446,358,000USD2,231,759,000USD570,694,000USD103,424,000USD—
    Long Term Debt8,158,842,000USD7,191,158,000USD2,182,108,000USD2,378,560,000USD2,155,151,000USD486,366,000USD——
    Net Receivables205,748,000USD181,203,000USD183,815,000USD189,280,000USD189,280,000USD197,461,000USD163,516,000USD171,359,000USD
    Accounts Payable50,335,000USD33,398,000USD32,627,000USD42,976,000USD46,084,000USD44,848,000USD33,919,000USD33,684,000USD
    Property Plant Equipment Net75,833,000USD80,887,000USD86,284,000USD93,610,000USD103,347,000USD116,572,000USD135,692,000USD51,919,000USD
    Property Plant Equipment Gross193,550,000USD214,205,000USD216,748,000USD93,610,000USD103,347,000USD116,572,000USD135,692,000USD51,919,000USD
    Accumulated Other Comprehensive Income-5,170,999USD-15,383,999USD-11,444,000USD-13,801,000USD-7,543,000USD-3,885,000USD-9,651,000USD-10,217,000USD
    Common Stock Shares Outstanding293,998,000shares192,549,000shares165,660,000shares113,210,000shares100,200,000shares96,840,000shares103,280,000shares114,120,000shares
    Non Current Assets Total59,076,945,000USD25,591,361,000USD4,494,633,000USD2,145,706,000USD3,289,159,000USD1,192,992,000USD163,125,000USD77,369,000USD
    Non Current Liabilities Total10,141,618,000USD7,258,317,000USD2,274,283,000USD2,475,989,000USD2,266,181,000USD626,949,000USD138,194,000USD67,768,000USD
    Non Current Liabilities Other4,736,000USD5,379,000USD22,208,000USD17,124,000USD26,224,000USD132,372,000USD138,168,000USD67,731,000USD
    Non Currrent Assets Other142,577,000USD68,994,000USD24,300,000USD23,916,000USD15,820,000USD-1,038,687,000USD8,024,000USD8,134,000USD
    Net Working Capital2,107,645,000USD-103,060,000USD-55,378,000USD-52,837,000USD-44,020,000USD-12,998,000USD483,628,000USD520,130,000USD
    Unclassified Current Liabilities-31,313,000USD——5,046,000USD-43,084,000USD3,000,000USD-33,019,000USD—
    Unclassified Non Current Liabilities1,978,040,000USD—69,967,000USD50,022,000USD50,275,000USD-56,255,000USD-34,770,000USD-67,768,000USD
    Unclassified Equity37,806,241,999USD20,411,751,999USD3,175,598,000USD1,841,100,000USD1,727,123,000USD763,033,000USD593,565,000USD576,939,000USD
    Unclassified Non Current Assets—1,532,107,000USD757,572,999USD-1,863,944,000USD-2,866,030,000USD-2,182,201,000USD-8,024,000USD-8,134,000USD
    Other Assets——1USD2,052,096,000USD3,185,812,000USD1,150,017,000USD27,433,000USD25,450,000USD
    Deferred Long Term Liab———198,000USD109,000USD8,211,000USD26,000USD37,000USD
    Other Liab———30,085,000USD34,422,000USD56,255,000USD34,770,000USD67,768,000USD
    Inventory———7,033,000USD—1USD——
    Treasury Stock———-782,104,000USD-782,104,000USD-782,104,000USD-658,880,000USD-586,161,000USD
    Net Tangible Assets———-2,223,148,000USD978,958,000USD-501,257,000USD508,559,000USD529,731,000USD
    Unclassified Current Assets———-7,033,000USD————
    Long Term Investments—————1,054,302,000USD0USD—
    Short Term Investments—————0USD108,919,000USD466,186,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation21,140,000USD
    Stock Based Compensation27,441,000USD
    Deferred Income Tax-1,925,768,000USD
    Other Non Cash Items117,321,000USD
    Change To Account Receivables5,447,000USD
    Change To Liabilities-7,374,000USD
    Change In Working Capital-40,696,000USD
    Operating Cash Flow9,850,000USD
    Capital Expenditures-2,719,000USD
    Unclassified Investing Cash Flow-14,363,396,000USD
    Investing Cash Flow-14,366,115,000USD
    Common Stock Issuance3,047,000USD
    Other Financing Activities-299,000USD
    Unclassified Financing Cash Flow13,766,819,000USD
    Financing Cash Flow13,769,567,000USD
    Effect Of Forex Changes On Cash-2,961,000USD
    Change In Cash-589,659,000USD
    End Cash Flow1,713,684,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Net Income-12,542,670,000USD-12,436,652,000USD10,020,846,000USD-4,217,370,000USD-670,810,000USD-340,174,000USD-102,559,000USD-53,118,000USD
    Depreciation8,785,000USD5,629,000USD9,118,000USD6,575,000USD5,129,000USD5,978,000USD3,651,000USD3,050,000USD
    Stock Based Compensation13,173,000USD10,325,000USD15,742,000USD11,819,000USD19,335,000USD19,377,000USD20,621,000USD17,791,000USD
    Other Non Cash Items14,464,014,000USD17,448,087,000USD-14,038,831,000USD5,914,293,000USD1,013,794,000USD441,213,000USD185,948,000USD196,300,000USD
    Change To Account Receivables1,206,000USD-3,918,000USD4,420,000USD10,542,000USD-21,686,000USD7,299,000USD7,885,000USD12,190,000USD
    Change In Working Capital-3,685,000USD-28,353,000USD-24,317,000USD10,657,000USD-28,959,000USD-25,462,000USD-14,020,000USD25,734,000USD
    Total Cash From Operating Activities13,989,000USD-21,629,000USD-34,913,000USD-2,389,000USD-17,324,000USD-40,966,000USD-23,329,000USD28,587,000USD
    Capital Expenditures-952,000USD-3,094,719,000USD-6,787,299,000USD-7,670,400,000USD-18,075,333,000USD-1,575,499,000USD-794,551,000USD-1,640,854,000USD
    Free Cash Flow13,037,000USD-3,116,348,000USD-6,822,212,000USD-7,672,789,000USD-18,092,657,000USD-1,616,465,000USD-817,880,000USD-1,612,267,000USD
    Total Cashflows From Investing Activities-7,252,078,000USD-3,094,719,000USD-6,787,299,000USD-7,670,400,000USD-18,075,333,000USD-1,575,499,000USD-794,551,000USD-1,640,854,000USD
    Net Borrowings-149,000USD9,854,000USD15,859,000USD1,999,716,000USD2,999,773,000USD494,186,000USD——
    Total Cash From Financing Activities7,146,434,000USD5,366,685,000USD6,810,155,000USD7,694,305,000USD18,086,574,000USD1,594,236,000USD803,431,000USD1,648,400,000USD
    Dividends Paid-229,527,000USD-183,445,000USD-48,954,000USD-9,188,000USD——0USD0USD
    Issuance Of Capital Stock7,368,538,000USD5,553,674,000USD6,867,350,000USD5,744,031,000USD15,116,545,000USD1,108,713,000USD0USD137,765,000USD
    Change In Cash-94,098,000USD2,247,143,000USD-10,126,000USD22,361,000USD-8,308,000USD-20,596,000USD-14,927,000USD35,055,000USD
    Begin Period Cash Flow2,303,343,000USD56,200,000USD62,258,000USD39,897,000USD48,205,000USD68,801,000USD83,728,000USD48,673,000USD
    End Period Cash Flow2,209,245,000USD2,303,343,000USD52,132,000USD62,258,000USD39,897,000USD48,205,000USD68,801,000USD83,728,000USD
    Other Cashflows From Investing Activities-7,251,126,000USD-3,084,135,000USD-6,769,205,000USD-7,661,663,000USD-18,064,549,000USD-1,575,073,000USD-793,828,000USD-1,639,309,000USD
    Other Cashflows From Financing Activities2,059,045,000USD1,128,847,000USD1,574,195,000USD1,284,563,000USD-29,744,000USD-8,663,000USD-14,867,000USD107,018,000USD
    Unclassified Operating Cash Flow-1,925,628,000USD-5,020,665,000USD3,982,529,000USD-1,728,363,000USD-355,813,000USD-141,898,000USD-116,970,000USD-161,170,000USD
    Unclassified Financing Cash Flow-2,051,473,000USD-1,142,245,000USD-1,598,295,000USD-1,324,817,000USD—1,106,540,000USD819,228,000USD1,542,625,000USD
    Unclassified Investing Cash Flow—3,084,135,000USD13,556,504,000USD15,332,063,000USD36,139,882,000USD3,150,572,000USD1,588,379,000USD3,280,163,000USD
    Investments——-6,787,299,000USD-7,670,400,000USD-18,075,333,000USD-1,575,499,000USD-794,551,000USD-1,640,854,000USD
    Sale Purchase Of Stock—————2,173,000USD-930,000USD-1,243,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income-3,848,152,000USD-1,166,661,000USD429,121,000USD-1,469,797,000USD-535,480,000USD-7,524,000USD34,355,000USD22,501,000USD
    Depreciation25,517,000USD17,808,000USD14,527,000USD10,874,000USD11,358,000USD13,332,000USD8,594,000USD3,701,000USD
    Stock Based Compensation53,369,000USD77,124,000USD69,571,000USD63,619,000USD44,126,000USD11,153,000USD10,209,000USD14,636,000USD
    Other Non Cash Items5,441,438,000USD1,837,255,000USD90,003,000USD1,303,991,000USD847,520,000USD80,269,000USD8,270,000USD2,065,000USD
    Change To Account Receivables20,406,000USD5,688,000USD10,307,000USD-5,292,000USD2,618,000USD-774,000USD-3,672,000USD-8,357,000USD
    Change In Working Capital-55,193,000USD-42,707,000USD-21,055,000USD-36,609,000USD11,091,000USD-22,781,000USD4,890,000USD-24,002,000USD
    Total Cash From Operating Activities-67,241,000USD-53,032,000USD12,712,000USD3,211,000USD93,833,000USD53,619,000USD60,867,000USD10,627,000USD
    Capital Expenditures-22,512,295,000USD-22,086,237,000USD-1,905,237,000USD-290,407,000USD-2,629,235,000USD-1,128,651,000USD-10,182,000USD-6,846,000USD
    Free Cash Flow-22,579,536,000USD-22,139,269,000USD-1,892,525,000USD-287,196,000USD-2,535,402,000USD-1,075,032,000USD50,685,000USD3,781,000USD
    Total Cashflows From Investing Activities-22,512,295,000USD-22,086,237,000USD-1,905,237,000USD-278,590,000USD-2,629,235,000USD-1,018,693,000USD353,687,000USD-209,064,000USD
    Net Borrowings2,030,288,000USD5,697,399,000USD-160,546,000USD-246,000USD1,550,000,000USD-14,625,000USD650,000,000USD-9,000USD
    Total Cash From Financing Activities24,843,527,000USD22,132,641,000USD1,889,886,000USD265,188,000USD2,541,685,000USD563,233,000USD-66,150,000USD-108,515,000USD
    Dividends Paid-381,367,000USD0USD-4,114,001USD-2,081,999USD-1,512,410,000USD-686,457,000USD——
    Issuance Of Capital Stock23,308,069,000USD16,363,023,000USD2,029,214,000USD46,592,000USD1,000,000,000USD0USD——
    Change In Cash2,263,447,000USD-8,776,000USD-2,195,000USD-13,566,000USD3,675,000USD-397,057,000USD347,030,000USD-310,396,000USD
    Begin Period Cash Flow39,897,000USD48,673,000USD50,868,000USD64,434,000USD60,759,000USD457,816,000USD110,786,000USD421,182,000USD
    End Period Cash Flow2,303,344,000USD39,897,000USD48,673,000USD50,868,000USD64,434,000USD60,759,000USD457,816,000USD110,786,000USD
    Other Cashflows From Investing Activities-22,467,083,000USD-22,072,759,000USD-1,902,299,000USD-276,104,000USD-2,626,529,000USD-1,125,000,000USD363,869,000USD-202,218,000USD
    Other Cashflows From Financing Activities6,875,058,000USD72,219,000USD21,218,000USD3,049,000USD-8,315,000USD36,457,000USD6,569,000USD2,471,000USD
    Unclassified Operating Cash Flow-1,684,220,000USD-775,851,000USD-569,455,000USD131,133,000USD-284,782,000USD-20,830,000USD-5,451,000USD-8,274,000USD
    Unclassified Investing Cash Flow22,467,083,000USD44,158,996,000USD3,807,536,000USD566,511,000USD5,255,764,000USD1,125,000,000USD-363,869,000USD202,218,000USD
    Unclassified Financing Cash Flow-6,988,521,000USD—2,037,442,001USD266,548,998USD2,517,105,000USD1,351,082,000USD-650,000,000USD—
    Investments—-22,086,237,000USD-1,905,237,000USD-278,590,000USD-2,629,235,000USD109,958,000USD363,869,000USD-202,218,000USD
    Sale Purchase Of Stock——-4,114,000USD-2,081,999USD-4,695,000USD-123,224,000USD-72,719,000USD-110,977,000USD
    Change To Liabilities———-22,725,000USD18,459,000USD6,625,000USD-10,830,000USD14,243,000USD
    Cash And Cash Equivalents Changes———-10,191,000USD6,283,000USD-401,841,000USD348,404,000USD-306,952,000USD
    Change To Inventory————-12,360,000USD-4,402,000USD-2,295,000USD-2,013,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Aggregate Bitcoin Holdings

    Period endPeriodValueUnitSource
    2026-08-09instant840,447bitcoinDisclosure

    Aggregate Bitcoin Purchase Price

    Period endPeriodValueUnitSource
    2026-08-09instant63,360,000,000USDDisclosure

    Average Bitcoin Purchase Price

    Period endPeriodValueUnitSource
    2026-08-09instant75,385USD per bitcoinDisclosure
    2026-06-30instant75,578USD per bitcoinDisclosure

    Average Bitcoin Sale Price

    Period endPeriodValueUnitSource
    2026-08-09weekly64,262USD per bitcoinDisclosure

    Bitcoin Sale Proceeds

    Period endPeriodValueUnitSource
    2026-08-09weekly108,600,000USDDisclosure

    Bitcoin Sold

    Period endPeriodValueUnitSource
    2026-08-09weekly1,690bitcoinDisclosure

    Digital Credit Repurchase Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant785,200,000USDDisclosure

    MSTR ATM Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant22,036,800,000USDDisclosure

    MSTR ATM Net Proceeds

    Period endPeriodValueUnitSource
    2026-08-09weekly653,100,000USDDisclosure

    MSTR ATM Proceeds Added to Cash Balance

    Period endPeriodValueUnitSource
    2026-08-09weekly3,100,000USDDisclosure

    MSTR ATM Proceeds Added to USD Reserve

    Period endPeriodValueUnitSource
    2026-08-09weekly650,000,000USDDisclosure

    MSTR ATM Shares Sold

    Period endPeriodValueUnitSource
    2026-08-09weekly6,585,682sharesDisclosure

    MSTR Repurchase Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant1,000,000,000USDDisclosure

    STRC ATM Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant17,510,800,000USDDisclosure

    STRC Aggregate Repurchase Price

    Period endPeriodValueUnitSource
    2026-08-09weekly108,600,000USDDisclosure

    STRC Shares Repurchased

    Period endPeriodValueUnitSource
    2026-08-09weekly1,152,020sharesDisclosure

    STRD ATM Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant4,014,800,000USDDisclosure

    STRF ATM Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant1,619,300,000USDDisclosure

    STRK ATM Capacity Remaining

    Period endPeriodValueUnitSource
    2026-08-09instant2,100,000,000USDDisclosure

    USD Reserve Balance

    Period endPeriodValueUnitSource
    2026-08-09instant4,650,000,000USDDisclosure
    2026-06-30instant2,400,000,000USDDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30GeographyEMEA42,476,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyOther Regions11,485,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited States68,407,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductProduct Licenses And Subscription Services — License3,667,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductProduct Support40,245,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductService Other15,598,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSubscription And Circulation62,858,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentBitcoin0USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentSoftware122,368,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyEMEA44,213,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31GeographyOther Regions10,811,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31GeographyUnited States69,276,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31ProductProduct Licenses And Subscription Services — License5,501,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31ProductProduct Support44,190,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31ProductService Other15,730,000USD0001050446-26-000031
    Q1 2026Quarterly · 2026-03-31ProductSubscription And Circulation58,879,000USD0001050446-26-000031
    Q4 2025Quarterly · 2025-12-31GeographyEMEA43,078,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyOther Regions11,038,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyUnited States68,872,000USDLegacy provider
    FY 2025Yearly · 2025-12-31GeographyEMEA162,661,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31GeographyOther Regions42,354,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31GeographyUnited States272,218,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31ProductProduct Licenses And Subscription Services — License39,674,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31ProductProduct Support204,225,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31ProductService Other57,677,000USD0001050446-26-000020
    FY 2025Yearly · 2025-12-31ProductSubscription And Circulation175,657,000USD0001050446-26-000020
    Q3 2025Quarterly · 2025-09-30GeographyEMEA42,257,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30GeographyOther Regions11,863,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30GeographyUnited States74,571,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30ProductMaintenance51,118,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30ProductProduct Licenses And Subscription Services — License17,373,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30ProductSubscription And Circulation45,972,000USD0001193125-25-262568
    Q3 2025Quarterly · 2025-09-30ProductTechnology Service14,228,000USD0001193125-25-262568
    Q2 2025Quarterly · 2025-06-30GeographyEMEA39,444,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30GeographyOther Regions9,729,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30GeographyUnited States65,315,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30ProductMaintenance52,081,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30ProductProduct Licenses And Subscription Services — License7,177,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30ProductSubscription And Circulation40,824,000USD0000950170-25-102209
    Q2 2025Quarterly · 2025-06-30ProductTechnology Service14,406,000USD0000950170-25-102209
    Q1 2025Quarterly · 2025-03-31GeographyEMEA37,882,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31GeographyOther Regions9,724,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31GeographyUnited States63,460,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31ProductProduct Licenses And Subscription Services — License7,270,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31ProductProduct Support52,529,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31ProductService Other14,164,000USD0001050446-26-000031
    Q1 2025Quarterly · 2025-03-31ProductSubscription And Circulation37,103,000USD0001050446-26-000031
    Q4 2024Quarterly · 2024-12-31GeographyEMEA41,650,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyOther Regions11,580,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited States67,467,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductMaintenance58,365,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductProduct Licenses And Subscription Services — License15,256,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductSubscription And Circulation31,930,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductTechnology Service15,146,000USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyEMEA155,923,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31GeographyOther Regions47,951,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31GeographyUnited States259,582,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31ProductProduct Licenses And Subscription Services — License48,567,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31ProductProduct Support243,805,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31ProductService Other64,308,000USD0001050446-26-000020
    FY 2024Yearly · 2024-12-31ProductSubscription And Circulation106,776,000USD0001050446-26-000020
    Q3 2024Quarterly · 2024-09-30GeographyEMEA38,952,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30GeographyOther Regions13,161,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30GeographyUnited States63,958,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30ProductMaintenance61,015,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30ProductProduct Licenses And Subscription Services — License11,087,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30ProductSubscription And Circulation27,800,000USD0001193125-25-262568
    Q3 2024Quarterly · 2024-09-30ProductTechnology Service16,169,000USD0001193125-25-262568
    Q2 2024Quarterly · 2024-06-30ProductMaintenance61,740,000USD0000950170-25-102209
    Q2 2024Quarterly · 2024-06-30ProductProduct Licenses And Subscription Services — License9,286,000USD0000950170-25-102209
    Q2 2024Quarterly · 2024-06-30ProductSubscription And Circulation24,080,000USD0000950170-25-102209
    Q2 2024Quarterly · 2024-06-30ProductTechnology Service16,336,000USD0000950170-25-102209
    FY 2023Yearly · 2023-12-31GeographyEMEA155,914,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31GeographyOther Regions56,173,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31GeographyUnited States284,174,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31ProductProduct Licenses And Subscription Services — License75,351,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31ProductProduct Support263,888,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31ProductService Other75,843,000USD0001050446-26-000020
    FY 2023Yearly · 2023-12-31ProductSubscription And Circulation81,179,000USD0001050446-26-000020
    FY 2022Yearly · 2022-12-31GeographyEMEA152,614,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31GeographyOther Regions51,953,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31GeographyUnited States294,697,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31ProductMaintenance266,521,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31ProductProduct Licenses And Subscription Services — License86,498,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31ProductSubscription And Circulation60,746,000USD0000950170-25-021814
    FY 2022Yearly · 2022-12-31ProductTechnology Service85,499,000USD0000950170-25-021814
    FY 2021Yearly · 2021-12-31GeographyEMEA171,140,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31GeographyOther Regions57,178,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31GeographyUnited States282,444,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31ProductMaintenance281,209,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31ProductProduct Licenses And Subscription Services — License101,804,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31ProductSubscription And Circulation43,069,000USD0000950170-24-015847
    FY 2021Yearly · 2021-12-31ProductTechnology Service84,680,000USD0000950170-24-015847
    FY 2020Yearly · 2020-12-31GeographyEMEA155,478,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31GeographyNorth America279,220,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31GeographyOther Regions46,037,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31ProductMaintenance284,434,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31ProductProduct Licenses And Subscription Services — License86,743,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31ProductSubscription And Circulation33,082,000USD0001564590-23-002012
    FY 2020Yearly · 2020-12-31ProductTechnology Service76,476,000USD0001564590-23-002012

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.