MSTRNasdaqFinance ServicesFiscal year ends December 31Also trades as STRC, STRD, STRF, STRK

Strategy Inc

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026

$136.02−0.81 (-0.59%)

Close on Oct 19, 2026

Market cap: $47.95B
P/E (TTM): –
Dividend yield: –

Strategy Inc income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	477	463	496	499	511	481	486	498	504	514	530	580	576	566	537	455	378
Cost of Revenue	149	129	110	103	92	91	100	99	97	93	101	135	139	141	131	106	67
Gross Profit	328	334	386	396	419	390	386	398	407	420	429	445	437	425	406	348	311
Research & Development	94	118	121	127	117	104	109	102	79	73	65	103	98	88	68	51	42
Selling, General & Admin	275	279	265	258	256	229	278	292	255	238	229	321	320	303	318	247	183
Selling & Marketing	123	138	150	147	160	149	191	206	175	158	149	225	215	210	232	166	128
General & Administrative	152	141	115	111	96	80	87	86	80	79	81	96	105	93	86	82	55
Advertising Expenses	–	–	0.10	0.80	1.20	0.10	0.90	7.10	5.70	1.30	0.50	3.00	1.90	4.10	5.00	0.90	0.30
Operating Expenses	5,772	2,187	501	1,672	1,203	403	387	394	334	311	295	440	418	392	386	298	225
Operating Income	-5,444	-1,853	-115	-1,276	-785	-14	-1.00	3.98	73	110	134	5.10	19	33	21	51	86
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	–	–	0.50	0.14	0.20	0.39	0.96
Other Non-Operating Income	-17	3.51	-5.20	6.41	2.29	-7.04	28	4.65	-6.95	3.22	3.56	5.79	-3.19	-1.04	0.76	4.37	-0.50
Merger & Restructuring Charges	–	–	–	–	–	–	–	0	0	0.05	0.28	15	0	0	–	–	–
Asset Impairment Charges	–	–	–	0	0	0	–	–	–	–	–	–	–	9.60	8.60	3.60	–
Pretax Income	-5,526	-1,934	-125	-1,322	-811	-20	38	20	71	115	138	11	17	32	25	55	86
Income Tax Expense	-1,678	-768	-554	147	-276	-12	3.91	-2.02	53	23	32	6.02	-9.80	9.73	3.39	11	25
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	106	5.04	27	22	22	44	61
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	0	0	57	-1.93	-3.87	0	14
Net Income incl. Noncontrolling Interests	–	-1,167	429	-1,470	-535	-7.52	34	23	18	92	–	–	–	–	–	–	–
Net Income	-3,848	-1,167	429	-1,470	-535	-7.52	34	23	18	92	106	5.04	83	21	18	44	75
Preferred Dividends	381	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	-4,230	-1,167	429	-1,470	-535	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	-15.23	-6.06	3.14	-12.98	-5.34	-0.08	0.34	0.20	0.16	0.81	0.93	0.05	0.74	0.19	0.17	0.39	0.63
EPS (Diluted)(per share)	-15.23	-6.06	2.64	-12.98	-5.34	-0.08	0.33	0.20	0.16	0.80	0.92	0.04	0.74	0.18	0.16	0.37	0.61
Shares Outstanding (Basic, Weighted)(shares)	278	193	137	113	100	97	103	114	114	114	114	113	113	110	107	114	119
Shares Outstanding (Diluted, Weighted)(shares)	278	193	166	113	100	97	103	114	115	115	115	114	113	112	111	118	123
EBITDA	-5,419	-1,835	-101	-1,265	-773	-0.29	7.59	7.68	89	129	155	30	46	56	38	57	91

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 67.6%
Operating margin: -7295.4%
Net margin: -6103.0%
Return on equity, FY2025: -10.2%

Financial strength

Current ratio: 5.39
Debt to equity: 0.22
Debt to assets: 12.8%
Cash to current liabilities: 345.8%

Valuation

P/E ratio: –
Price to sales: 96.22
Price to book: 1.55
Dividend yield: –