Strategy Inc (STRC) cash flow statement

STRCNasdaqFinance ServicesFiscal year ends December 31Also trades as MSTR, STRD, STRF, STRK

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 2, 2026Score 3/30

$99.13−0.86 (-0.86%)

Close on Oct 30, 2026Market cap $42.43BP/E –Yield –

Strategy Inc cash flow statement

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

Line item	TTM Q3 2026 2026-09-30	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31
Depreciation & Amortization	38	31	28	26	25	27	21	18	18	15	14	15	13	13	12	11	9.64	10	11	11	13	14	13	13	12	11	9.69	8.59	5.67	3.45	2.06	3.70	7.01	11	14	16	19	20	20	20
Stock-Based Compensation	51	53	55	53	62	66	71	77	78	75	70	70	67	67	67	64	60	55	51	44	34	25	16	11	10	9.49	10	10	11	13	13	15	15	15	16	14	14	14	13	12
Deferred Income Taxes	-5,541	-5,864	-1,881	-1,684	2,989	1,764	-2,335	-768	-563	-316	-270	-569	-392	-482	-278	125	32	-5.51	-260	-279	-229	-219	-99	-21	-13	0.87	0.03	-2.63	-4.90	-5.68	-7.25	-8.22	-4.83	-5.77	-5.36	-3.67	-5.45	-5.50	-6.04	-4.38
Change in Accounts Receivable	-3.28	11	11	20	3.03	1.22	4.69	6.34	33	14	14	12	-4.25	3.16	-3.23	-5.29	-2.43	0.70	4.03	2.62	3.42	-11	-8.41	-0.77	-9.01	11	0.47	-3.67	-5.88	-7.42	1.49	-8.36	5.84	4.36	6.19	15	-7.06	-14	-19	-17
Change in Accounts Payable	-2.73	2.44	7.19	6.56	16	6.06	1.72	1.14	-0.95	0.60	-6.87	-0.63	-2.65	-2.71	2.75	-3.52	5.66	2.47	6.34	3.75	-2.52	2.06	4.70	9.17	5.20	-0.75	-4.37	-7.32	-2.42	2.76	6.29	3.38	-0.44	-1.40	1.19	-9.09	-2.82	-4.10	-6.22	6.98
Change in Unearned Revenue	-9.99	-10	-9.30	-7.97	4.59	2.15	2.78	1.05	-4.06	0.40	11	2.36	-0.66	4.85	-0.70	15	16	14	16	15	17	17	5.38	-20	-15	-12	4.34	21	5.52	0.86	-3.19	-22	–	–	–	–	–	–	–	–
Operating Cash Flow	-7.36	-20	-51	-67	-63	-96	-84	-53	-35	-0.96	3.90	13	-6.67	-0.73	-3.07	3.21	25	40	75	94	116	104	87	54	37	38	63	61	40	37	18	11	52	65	71	78	66	81	86	111
Capital Expenditures	-3.77	-6.10	-6.43	-8.21	-7.91	-5.54	-4.17	-2.98	-3.04	-4.07	-3.98	-2.94	-3.23	-2.11	-2.34	-2.49	-2.68	-2.88	-2.90	-2.71	-4.37	-3.83	-3.44	-3.65	-1.96	-2.91	-4.83	-10	-12	-13	-12	-6.85	-6.16	-5.16	-4.46	-3.98	-3.06	-2.87	-2.96	-2.34
Purchase of Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	-9.93	-9.93	-118	-192	-320	-340	-310	-349	-694	-719	-836	-776	-456	-474	-410	-421	-355
Sale & Maturity of Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	110	110	120	215	325	380	684	732	616	610	492	399	485	495	391	429	361	389	362
Investing Cash Flow	-20,323	-22,421	-22,094	-22,512	-37,493	-34,109	-28,116	-22,086	-5,226	-3,813	-3,366	-1,905	-736	-579	-242	-279	-825	-1,239	-1,759	-2,629	-2,740	-2,635	-2,105	-1,019	-222	204	183	354	380	293	250	-209	-327	-357	-286	-70	-48	-52	-35	4.34
Dividends Paid	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	-0.74	-61	-72	-123	-147	-86	-75	-73	-159	-159	-159	-111	–	–	–	–	–	–	–	–
Stock Issued	18,064	14,854	17,163	16,272	26,982	25,889	20,632	16,363	2,452	1,491	1,826	2,029	871	723	388	47	596	–	–	1,000	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Taxes Paid on Share-Based Awards	–	–	–	0	0	0	-0.93	-2.17	-4.90	-5.56	-4.86	-4.11	-2.37	-2.27	-2.08	-2.08	-5.80	-5.24	-5.19	-4.70	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	-3.74
Financing Cash Flow	22,785	24,109	24,296	24,844	37,563	34,185	28,179	22,133	5,260	3,816	3,351	1,890	721	573	246	265	816	1,222	1,700	2,542	2,628	2,161	1,663	563	-142	-80	-70	-66	-154	-157	-155	-109	2.46	2.45	0.56	1.66	2.20	3.26	2.44	-1.00
Foreign Exchange Rate Adjustments	-7.41	-6.28	-3.83	-0.54	0.42	2.18	-0.23	-2.15	1.52	-0.88	-0.99	0.44	1.23	-0.39	-2.70	-3.38	-6.17	-4.86	-0.77	-2.61	-0.09	4.97	6.50	4.78	5.39	-2.56	-4.11	-1.37	-3.47	-1.17	-6.78	-3.44	-2.67	0.74	8.12	8.22	1.16	0.02	-4.11	-4.18
Net Change in Cash	2,447	1,662	2,147	2,263	8.00	-17	-21	-8.78	1.33	0.75	-13	-2.20	-20	-7.49	-2.48	-14	8.84	18	15	3.68	4.24	-365	-348	-397	-322	160	172	347	263	171	106	-310	-275	-289	-206	18	21	32	50	110
Free Cash Flow	-11	-26	-57	-75	-71	-101	-88	-56	-38	-5.02	-0.08	9.77	-9.90	-2.83	-5.42	0.73	22	37	72	91	112	100	84	50	35	35	59	51	28	24	6.80	3.78	46	59	66	74	63	78	83	108

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 Sep 30, 2026

Profitability, TTM

Gross margin: 67.8%
Operating margin: -3905.9%
Net margin: -2760.3%
Return on equity, FY2025: -10.2%

Financial strength

Current ratio: 4.04
Debt to equity: 0.12
Debt to assets: 8.7%
Cash to current liabilities: 165.5%

Valuation

P/E ratio: –
Price to sales: 85.71
Price to book: 0.77
Dividend yield: –