MSTR Q4 2025 Earnings — Strategy Inc Revenue & Financial Results | Market Cap Arena

MSTRStrategy Inc

$39B

Q4 2025 Earnings

Technology Software - Application

Income Statement

Revenue

$123M+1.9% YoY

Gross Profit

$81M66.1% margin

Operating Income

-$17.4B-14184.8% margin

Net Income

-$12.6B-10261.1% margin

EPS (Diluted)

$-42.93

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$32M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$61.6B

Total Liabilities

$10.6B

Stockholders' Equity

$51.0B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$123M	$121M	+1.9%
Gross Profit	$81M	$87M	-6.0%
Operating Income	-$17.4B	-$1.0B	-1616.4%
Net Income	-$12.6B	-$671M	-1781.3%

Revenue Segments

Product Licenses And Subscription Services

$104M64%

Subscription And Circulation

$52M32%

License

$8M5%

Geographic Segments

North America

$69M56%

E M E A

$43M35%

Other Regions

$11M9%