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

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 18, 2025	Feb 15, 2024	Feb 16, 2023	Feb 16, 2022	Feb 12, 2021	Feb 14, 2020	Feb 20, 2019	Feb 7, 2018	Feb 10, 2017
Revenue	477,233	463,456	496,261	499,264	510,762	480,735	486,327	497,638	503,843	513,589
Cost of revenue	149,417	129,468	109,944	102,989	91,909	91,055	99,974	99,499	96,649	93,147
Gross profit	327,816	333,988	386,317	396,275	418,853	389,680	386,353	398,139	407,194^r	420,442^r
Research and development	93,860	118,486	120,530	127,428	117,117	103,561	109,423	102,499	78,766	73,142
Sales and marketing	122,956	138,081	149,671	146,882	160,141	148,910	191,235	205,525	175,045^r	158,281^r
General and administrative	151,909	140,537	115,312	111,421	95,501	80,136	86,697	86,134	80,161	79,462
Total operating expenses	5,772,201	2,186,966	501,364	1,672,017	1,203,380	403,305	387,355	394,158	333,972^r	310,930^r
Operating income	-5,444,385	-1,852,978	-115,047	-1,275,742	-784,527	-13,625	-1,002	3,981	73,222^r	109,512^r
Interest income (expense), net	-64,968	-61,941	-48,960	-53,136	-29,149	710	10,909	11,855	5,205	2,203
Other income (expense), net	-16,601	3,506	-5,204	6,413	2,287	-7,038	28,356	4,646	-6,953	3,218
Income before income taxes	-5,525,954	-1,934,346	-124,525	-1,322,465	-811,389	-19,953	38,263	20,482	71,474^r	114,933^r
Income tax expense	-1,677,802	-767,685	-553,646	147,332	-275,909	-12,429	3,908	-2,019	53,279^r	22,694^r
Net income including non-controlling interests	·	-1,166,661	429,121	-1,469,797	-535,480	-7,524	34,355	22,501	18,195	92,239
Net income	-3,848,152	-1,166,661	429,121	-1,469,797	-535,480	-7,524	34,355	22,501	18,195^r	92,239^r
Preferred dividends	381,367	0	0	·	·	·	·	·	·	·
Net income to common shareholders	-4,229,519	-1,166,661	429,121	-1,469,797	-535,480	·	·	·	·	·
Earnings per share, basic	-15.23	-6.06	3.14^r	-12.98^r	-5.344^b	-0.078^b	0.335^b	0.198^b	0.159^rb	0.807^rb
Earnings per share, diluted	-15.23	-6.06	2.64^r	-12.98^r	-5.344^b	-0.078^b	0.333^b	0.197^b	0.158^rb	0.801^rb
Weighted average shares, basic	277,660	192,549	136,706^r	113,209^r	100,200^b	96,840^b	102,560^b	113,750^b	114,440^b	114,250^b
Weighted average shares, diluted	277,660	192,549	165,662^r	113,209^r	100,200^b	96,840^b	103,280^b	114,120^b	115,470^b	115,160^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 10-for-1 split of Aug 2024.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton MSTR · research, not advice