Company Analysis

Strategy Inc (MSTR)

Nasdaq: MSTR · Finance Services · Tysons Corner, VA · filing with the SEC since 1998
Grade5.3
◀ Past 6.3● Present 5.0▶ Future 4.2
1 est.
The companyfiscal 2025, as filed
Revenue$477M+3.0%
Net income-$3.85B-229.8%
Earnings per share$-15.23-151.3%
Operating cash flow-$67.2M-26.8%
Cash$2.30B+5937.9%
Debt$8.16B+13.5%
Shareholders’ equity$44.12B+142.0%
Shares, diluted277.7M+44.2%
Return on equity-8.7%
The recordfrom its filings
Filings in 2026289
Newest filingNov 10 · 3
Annual reportFeb 19, 2026
Quarterly reportNov 2, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$37.9M
Insider buys, 12 months$2.2M
Patents granted349
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $495MNet income -$13.67BCash from operations -$7.4Mthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Strategy Inc reported third-quarter 2026 revenue of $125.4 million on 29 October, down 3 percent from a year earlier 1. Net income was $19.53 billion, or $44.75 per diluted share, driven by a $20.91 billion gain on its digital assets, which are its bitcoin 1.

All of its revenue came from software, and the 10-Q ties the swing in net income to gains and losses on its digital assets, not to the software business 3. Over the first nine months of 2026 the company still shows a net loss of $1.23 billion 3.

On 25 October 2026 it held about 848,517 bitcoin 1. In the third quarter it purchased 7,218 bitcoin and sold 5,552 to pay preferred dividends and repurchase its STRC preferred stock 3.

Chief Financial Officer Andrew Kang told the company on 26 October that he intends to resign effective 5 November 2026, for personal reasons 2. Phong Le, the chief executive, serves as principal financial officer from 6 November, and Reza Virasteh becomes CFO on 1 January 2027 2.

Shareholders approved daily dividends on four preferred stocks on 28 October, with 381,373,199 votes for and 2,236,551 against 4. The change starts with STRC from 1 November, and the other three follow from 1 January 2027 4.

The company says cash from its software operations is not expected to cover its needs, so it relies on other sources such as its at-the-market stock sales 3.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 9, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Nov 6, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 4, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 424B5
Shelf offering
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 424B5
Shelf offering
Open the filing on sec.gov
Nov 2, 2026 · SEC EDGAR · Form 424B5
Shelf offering
Open the filing on sec.gov
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SI Assistanton MSTR · research, not advice