Strategy revenue and financials
$164.40Change from previous close: −0.02%Absolute change: −$0.03
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -67.2 | -53.0 | 12.7 | 3.2 | 93.8 | 53.6 | 60.9 | 10.6 | 78.3 | 111 |
| Depreciation and amortization | 25.5 | 17.8 | 14.5 | 10.9 | 11.4 | 13.3 | 8.6 | 3.7 | 15.5 | 19.9 |
| Capital expenditure | -8.2 | -3.0 | -2.9 | -2.5 | -2.7 | -3.7 | -10.2 | -6.8 | -4.0 | -2.3 |
| Investing cash flow | -22,512 | -22,086 | -1,905 | -279 | -2,629 | — | — | — | — | — |
| Financing cash flow | 24,844 | 22,133 | 1,890 | 265 | 2,542 | — | — | — | — | — |
| Dividends paid | -381 | 0.0 | 0.0 | — | — | — | — | — | — | — |
| Share repurchases | — | -2.2 | -4.1 | 0.0 | 0.0 | -123 | -72.7 | -111 | 0.0 | 0.0 |
| Debt issued | 2,031 | 6,214 | 0.0 | 216 | — | — | — | — | — | — |
| Debt repaid | -0.7 | -516 | -161 | -0.2 | — | — | — | — | — | — |
| Effect of exchange rates | -0.5 | -2.1 | 0.4 | -3.4 | -2.6 | — | — | — | — | — |
| Net change in cash | 2,263 | -8.8 | -2.2 | -13.6 | 3.7 | — | — | — | — | — |
| Free cash flow | -112 | -66.5 | 9.8 | 0.7 | 91.1 | — | — | — | — | — |
| Levered free cash flow | -3,363 | -1,061 | -17.5 | -761 | -414 | — | — | — | — | — |