Strategy revenue and financials

MSTR · NASDAQ · USD

$164.43+2.76%+$4.42

Close · October 5, 2026

In the fiscal year ended December 2025, Strategy reported revenue of $477.23M (+2.97% year over year). The net loss was $3.85B.

Annual revenue · 2025: $477.23M

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	52,563	54,269	61,641	73,619	64,773	43,920	25,844	8,344	7,053	6,352	4,763	3,374
Current assets	2,669	2,391	2,564	214	213	204	252	186	208	242	268	200
Cash and equivalents	1,712	2,207	2,301	54.3	50.1	60.3	38.1	46.3	66.9	81.3	46.8	45.0
Short-term investments	736	—	—	—	—	—	—	—	—	—	—	—
Receivables	137	134	220	118	121	107	191	115	120	126	200	130
Net property, plant and equipment	86.6	86.5	75.8	79.2	81.8	81.4	80.9	82.8	81.9	84.2	86.3	84.7
Other intangible assets	49,672	51,650	58,854	73,206	64,363	—	—	—	—	—	—	—
Current liabilities	495	395	456	324	315	309	355	288	446	310	323	268
Accounts payable	35.3	44.7	37.2	48.7	44.2	47.0	32.7	45.7	44.2	41.9	31.5	33.1
Long-term debt	6,670	8,165	8,159	8,174	8,162	8,140	7,191	4,212	3,703	3,559	2,182	2,180
Total debt	6,771	8,257	8,236	8,222	8,214	—	—	—	—	—	—	—
Total liabilities	7,236	8,632	10,598	15,502	14,402	10,394	7,614	4,570	4,218	3,951	2,598	2,534
Total equity (incl. minority)	45,327	45,636	51,043	58,117	50,371	33,526	18,230	3,774	2,835	2,400	2,165	840
Retained earnings	-15,199	-6,471	6,322	18,945	16,324	6,352	-2,167	-1,495	-1,155	-1,052	-999	-1,088