Strategy revenue and financials
$160.70Change from previous close: +0.43%Absolute change: +$0.69
In the fiscal year ended December 2025, Strategy reported revenue of $477.23M (+2.97% year over year). The net loss was $3.85B.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.97%
- 2025 vs 2024
- Net margin
- -806.3%
- 2024: -251.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 477 | 463 | 496 | 499 | 511 | 481 | 486 | 498 | 504 | 514 |
| Cost of revenue | 149 | 129 | 110 | 103 | 91.9 | 91.1 | 100.0 | 99.5 | 96.6 | 93.1 |
| Gross profit | 328 | 334 | 386 | 396 | 419 | 390 | 386 | 398 | 407 | 420 |
| Selling, general and administrative | 275 | 279 | 265 | 258 | — | — | — | — | — | — |
| Research and development | 93.9 | 118 | 121 | 127 | 117 | 104 | 109 | 102 | 78.8 | 73.1 |
| Operating income | -5,444 | -1,853 | -115 | -1,276 | -785 | -13.6 | -1.0 | 4.0 | 73.2 | 110 |
| EBIT | -5,461 | -1,872 | -75.6 | -1,269 | — | — | — | — | — | — |
| EBITDA | -5,435 | -1,855 | -61.0 | -1,258 | — | — | — | — | — | — |
| Interest expense | 65.0 | 61.9 | 49.0 | 53.1 | — | — | — | — | — | — |
| Pre-tax income | -5,526 | -1,934 | -125 | -1,322 | — | — | — | — | — | — |
| Income tax | -1,678 | -768 | -554 | 147 | -276 | -12.4 | 3.9 | -2.0 | 53.3 | 22.7 |
| Net income | -3,848 | -1,167 | 429 | -1,470 | -535 | -7.5 | 34.4 | 22.5 | 18.2 | 92.2 |
| Net income to common shareholders | — | -1,167 | 429 | -1,470 | -535 | — | — | — | — | — |
| Basic EPS | -15.23 | -6.06 | 3.14 | -12.98 | -53.44 | -0.78 | 3.35 | 1.98 | 1.59 | 8.07 |
| Diluted EPS | -15.23 | -6.06 | 2.64 | -12.98 | -53.44 | -0.78 | 3.33 | 1.97 | 1.58 | 8.01 |
| Average shares (basic) | 278 | 193 | 137 | 113 | — | — | — | — | — | — |
| Average shares (diluted) | 278 | 193 | 166 | 113 | 10.0 | 9.7 | 10.3 | 11.4 | 11.5 | 11.5 |