Revenue
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Strategy Inc (MSTR)
Price$153.92Cached quote
Net income
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $477.2M | $463.5M | $496.3M | $499.3M | $510.8M | $480.7M | $486.3M | $497.6M | $503.8M | $513.6M | $529.9M | $579.8M | $575.9M | $565.7M | $537.2M | $454.6M | $377.8M |
| Gross profit | $327.8M | $334.0M | $386.3M | $396.3M | $418.9M | $389.7M | $386.4M | $398.1M | $407.2M | $420.4M | $428.8M | $444.6M | $437.3M | $424.6M | $406.5M | $348.5M | $311.2M |
| Gross margin | 68.69% | 72.06% | 77.85% | 79.37% | 82.01% | 81.06% | 79.44% | 80.01% | 80.82% | 81.86% | 80.92% | 76.68% | 75.94% | 75.06% | 75.67% | 76.66% | 82.37% |
| Research & development | $93.9M | $118.5M | $120.5M | $127.4M | $117.1M | $103.6M | $109.4M | $102.5M | $78.8M | $73.1M | $65.2M | $103.4M | $98.1M | $88.2M | $67.9M | $50.6M | $41.8M |
| Operating expenses | $5.77B | $2.19B | $501.4M | $1.67B | $1.20B | $403.3M | $387.4M | $394.2M | $334.0M | $310.9M | $294.7M | $439.5M | $417.9M | $391.5M | $385.6M | $297.9M | $224.9M |
| Operating income | −$5.44B | −$1.85B | −$115.0M | −$1.28B | −$784.5M | −$13.6M | −$1.0M | $4.0M | $73.2M | $109.5M | $134.0M | $5.1M | $19.4M | $33.1M | $20.9M | $50.6M | $86.3M |
| Operating margin | −1,140.82% | −399.82% | −23.18% | −255.52% | −153.60% | −2.83% | −0.21% | 0.80% | 14.53% | 21.32% | 25.29% | 0.88% | 3.38% | 5.85% | 3.88% | 11.13% | 22.84% |
| EBITDA | −$5.42B | −$1.84B | −$100.5M | −$1.26B | −$773.2M | −$293,000 | $7.6M | $7.7M | $88.8M | $129.5M | $155.2M | $30.4M | $45.8M | $55.6M | $38.1M | $56.8M | $91.3M |
| EBITDA margin | −1,135.48% | −395.98% | −20.26% | −253.35% | −151.38% | −0.06% | 1.56% | 1.54% | 17.62% | 25.21% | 29.30% | 5.24% | 7.96% | 9.82% | 7.10% | 12.49% | 24.17% |
| Net income | −$3.85B | −$1.17B | $429.1M | −$1.47B | −$535.5M | −$7.5M | $34.4M | $22.5M | $18.2M | $92.2M | $105.9M | $5.0M | $83.3M | $20.5M | $17.9M | $43.8M | $74.8M |
| Net profit margin | −806.35% | −251.73% | 86.47% | −294.39% | −104.84% | −1.57% | 7.06% | 4.52% | 3.61% | 17.96% | 19.99% | 0.87% | 14.47% | 3.63% | 3.34% | 9.63% | 19.81% |
| Basic EPSper basic share | -$15.23 | -$6.06 | $3.14 | -$12.98 | -$0.53 | -$0.01 | $0.03 | $0.02 | $0.02 | $0.08 | $0.09 | $0.00 | $0.07 | $0.02 | $0.02 | $0.04 | $0.06 |
| Diluted EPSper diluted share | -$15.23 | -$6.06 | $2.64 | -$12.98 | -$0.53 | -$0.01 | $0.03 | $0.02 | $0.02 | $0.08 | $0.09 | $0.00 | $0.07 | $0.02 | $0.02 | $0.04 | $0.06 |
Owners
Reported shareholders
9.92%of listed shares
Capital International Investors34.9M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
Capital International Investors | 9.92%34.9M shares |
BlackRock, Inc. | 5.51%19.39M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.36%15.35M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.24%14.94M shares |
Invesco Ltd. | 2.65%9.34M shares |
MORGAN STANLEY | 2.65%9.33M shares |
STATE STREET CORP | 2.14%7.53M shares |
GOLDMAN SACHS GROUP INC | 1.65%5.81M shares |
UBS Group AG | 1.40%4.94M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.31%4.61M shares |
Capital World Investors | 1.22%4.31M shares |
NORGES BANK | 1.13%3.98M shares |
Harvest Portfolios Group Inc. | 0.89%3.12M shares |
Capital Research Global Investors | 0.85%2.99M shares |
JANE STREET GROUP, LLC | 0.76%2.68M shares |
RENAISSANCE TECHNOLOGIES LLC | 0.73%2.55M shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.72%2.52M shares |
VANGUARD FIDUCIARY TRUST CO | 0.60%2.09M shares |
WELLS FARGO & COMPANY/MN | 0.57%1.99M shares |
NORTHERN TRUST CORP | 0.52%1.83M shares |
Percentages use 351.96M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 23, 2026Form 4 | Patten Jarrod MDirector | SellClass A Common Stock | 1.5K | $106.08 | $159.1K | 28.4K |
| Jun 22, 2026Form 4 | Le PhongPresident & CEO | BuySeries A Perpetual Stretch Preferred Stock · indirect | 11.0K | $90.80 | $998.8K | 11.0K |
| Jun 17, 2026Form 4 | Patten Jarrod MDirector | SellClass A Common Stock | 1.5K | $121.31 | $182.0K | 28.4K |
| Jun 16, 2026Form 4 | Chow Thomas C.EVP & General Counsel | BuySeries A Perpetual Strike Preferred Stock | 11 | $66.10 | $727.10 | 11 |
| Jun 16, 2026Form 4 | Chow Thomas C.EVP & General Counsel | BuySeries A Perpetual Stretch Preferred Stock | 100 | $92.71 | $9.3K | 100 |
Community posts
Strategy spends $139.3 million on preferred-share repurchases
Strategy ($MSTR) repurchased approximately 1.42 million STRC preferred shares for $139.3 million during its latest reporting period. The purchases were funded from its USD Cash balance. It reported no bitcoin purchases or sales, leaving hol ...
Strategy doubles preferred-securities buyback authorisation to $2 billion
Strategy’s ($MSTR) board increased its digital credit securities repurchase authorisation from $1 billion to $2 billion, including purchases already made. The programme covers preferred securities, not MSTR common shares. The accompanying w ...
