Strategy Inc (MSTR)

From the record

Strategy Inc's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Strategy Inc's 10 filed years say what it did: revenue went from $514 million in fiscal 2016 to $477 million in fiscal 2025, down 0.8% a year; it rose in 2 of 9 years; the deepest fall was 10% from fiscal 2016 to fiscal 2024; net income was positive in 5 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Strategy Inc lost about 9 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 44.2% over the year (the filed statements).

From the record

Strategy Inc's standing among 114 graded names in its industry family: revenue of $477 million in fiscal 2025 ranks in the top 25% by size; a net margin of -806.3% ranks in the bottom 20%; revenue growth of -1.5% a year over the last 3 filed years ranks in the bottom 38% (its annual reports).

From the record

Strategy Inc's leadership, from its insiders' filings and its current reports: the chief executive on the record is Le, Phong (President & CEO, as filed), filing under that title since 2022-09-15, 4.2 years (top 34% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (top 32%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 47%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Strategy Inc's room to grow, from the newest filed statements (fiscal 2025): cash of $2.3 billion against debt of $8.2 billion leaves -9.5% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is -15.8% of revenue (top 37%); a gross margin of 68.7% (top 31%); research spending of 19.7% of revenue (top 45%) (its annual report).

From the record

Strategy Inc's growth drivers, from the filed years to fiscal 2025: revenue grew -1.5% a year over the last three filed years against -0.8% over all 10, slowing (bottom 39% of its family); the newest year grew 3% (bottom 35%); research spending grew -9.7% a year (bottom 37%); capital spending grew 48.9% a year (top 34%) (its annual reports). Strategy Inc reported 4 product lines in fiscal 2025: Product Support at $204 million (43%), Subscription and Circulation at $176 million (37%), Service Other at $58 million (12%), and 1 more; 1 of 4 grew against the year before (its annual report).

From the record

Strategy Inc's newest year against its own record: revenue of $477 million in fiscal 2025 came in 6.9% above the $447 million its prior three years' pace pointed to (top 47% of its family); net income of $3.8 billion against a prior three-year average of $736 million (bottom 25%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 16%) (its annual reports).