Strategy (MSTR) Financials: History & Chart

Strategy Inc (MSTR)MSTRStrategy Inc

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.

Tysons Corner, VA

1,539 employees

www.strategy.com

Technology / Software - Application

Sector: Technology
Industry: Software - Application
CEO: Phong Le

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jul 2026	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024
Revenue	N/A	N/A	122.37M	124.30M	122.99M	128.69M	114.49M	111.07M	120.70M
Cost of Goods Sold	N/A	N/A	40.82M	40.95M	41.68M	38.01M	35.75M	33.97M	34.17M
Gross Profit	N/A	N/A	81.55M	83.35M	81.31M	90.68M	78.74M	77.09M	86.53M
Gross Profit Margin	N/A	N/A	66.6%	67.1%	66.1%	70.5%	68.8%	69.4%	71.7%
Total Operating Expenses	N/A	N/A	8.41B	98.29M	91.28M	90.68M	94.26M	92.50M	1.10B
Research & Development	N/A	N/A	23.10M	24.66M	22.76M	22.60M	24.07M	24.42M	25.69M
Selling, General & Administrative	N/A	N/A	74.04M	73.63M	68.51M	68.08M	70.19M	68.08M	71.20M
Operating Income (EBIT)	N/A	N/A	-8.33B	-14.94M	-9.97M	-5K	-15.52M	-15.41M	-1.02B
Operating Margin	N/A	N/A	-6808.1%	-12.0%	-8.1%	-0.0%	-13.6%	-13.9%	-842.1%
Income Before Tax (EBT)	N/A	N/A	-8.22B	-14.47B	-17.46B	3.87B	14.01B	-5.94B	-1.03B
Interest Income	N/A	N/A	1.25M	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	1.82M	11.07M	18.89M	17.90M	17.11M	16.46M
Other Income/Expense	N/A	N/A	112.88M	-14.45B	-17.45B	3.87B	14.02B	-5.93B	-10.31M
Net Income	-41.42B	-8.22B	-8.22B	-12.54B	-12.44B	2.79B	10.02B	-4.22B	-670.81M
Income Tax Expense	N/A	N/A	1.56M	-1.92B	-5.02B	1.09B	3.98B	-1.73B	-355.93M
Net Profit Margin	N/A	N/A	-6717.1%	-10090.6%	-10112.1%	2164.1%	8752.7%	-3797.2%	-555.8%
EBITDA	N/A	N/A	-8.33B	-6.16M	-4.34M	4.19M	-6.41M	-8.83M	-1.01B
EBITDA Margin	N/A	N/A	-6808.1%	-5.0%	-3.5%	3.3%	-5.6%	-8.0%	-837.9%
Depreciation & Amortization	14.41M	0.00	0.00	8.79M	5.63M	4.20M	9.12M	6.58M	5.13M
EPS Basic	N/A	N/A	-24.07	-38.25	-42.93	9.30	36.23	-16.49	-3.03
EPS Diluted	N/A	N/A	-24.07	-38.25	-42.93	8.42	32.60	-16.49	-3.03
Shares Outstanding	N/A	N/A	343.27M	333.91M	294.00M	272.14M	265.91M	256.47M	221.61M
Diluted Shares Outstanding	N/A	N/A	343.27M	333.91M	294.00M	303.99M	298.04M	256.47M	221.61M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	477.23M	463.46M	496.26M	499.26M	510.76M	480.74M	486.33M	497.64M
Cost of Goods Sold	149.42M	129.47M	109.94M	102.99M	91.91M	91.06M	99.97M	99.50M
Gross Profit	327.82M	333.99M	386.32M	396.27M	418.85M	389.68M	386.35M	398.14M
Gross Profit Margin	68.7%	72.1%	77.8%	79.4%	82.0%	81.1%	79.4%	80.0%
Total Operating Expenses	368.73M	2.19B	501.36M	1.67B	1.20B	403.31M	387.36M	394.16M
Research & Development	93.86M	118.49M	120.53M	127.43M	117.12M	103.56M	109.42M	102.50M
Selling, General & Administrative	274.87M	278.62M	264.98M	258.30M	255.64M	229.05M	277.93M	291.66M
Operating Income (EBIT)	-40.91M	-1.85B	-115.05M	-1.28B	-784.53M	-13.63M	-1.00M	3.98M
Operating Margin	-8.6%	-399.8%	-23.2%	-255.5%	-153.6%	-2.8%	-0.2%	0.8%
Income Before Tax (EBT)	-5.53B	-1.93B	-124.53M	-1.32B	-811.39M	-19.95M	38.26M	20.48M
Interest Income	N/A	N/A	N/A	N/A	N/A	2.52M	10.91M	11.86M
Interest Expense	64.97M	61.94M	48.96M	53.14M	29.15M	1.81M	N/A	N/A
Other Income/Expense	-5.49B	-81.37M	-9.48M	-46.72M	-26.86M	-6.33M	39.27M	16.50M
Net Income	-3.85B	-1.17B	429.12M	-1.47B	-535.48M	-7.52M	34.35M	22.50M
Income Tax Expense	-1.68B	-767.68M	-553.65M	147.33M	-275.91M	-12.43M	3.91M	-2.02M
Net Profit Margin	-806.3%	-251.7%	86.5%	-294.4%	-104.8%	-1.6%	7.1%	4.5%
EBITDA	-15.39M	-1.84B	-100.52M	-1.26B	-773.17M	-293K	7.59M	7.68M
EBITDA Margin	-3.2%	-396.0%	-20.3%	-253.3%	-151.4%	-0.1%	1.6%	1.5%
Depreciation & Amortization	25.52M	17.81M	14.53M	10.87M	11.36M	13.33M	8.59M	3.70M
EPS Basic	-13.89	-6.06	3.14	-12.98	-5.34	-0.08	0.34	0.20
EPS Diluted	-15.23	-6.06	2.64	-12.98	-5.34	-0.08	0.33	0.20
Shares Outstanding	294.00M	192.55M	136.71M	113.21M	100.20M	96.84M	102.56M	113.75M
Diluted Shares Outstanding	294.00M	192.55M	165.66M	113.21M	100.20M	96.84M	103.28M	114.12M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.