Strategy revenue and financials
$164.55Change from previous close: +0.07%Absolute change: +$0.12
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -4.1 | 14.0 | -21.6 | -8.3 | -34.9 | -2.4 | -17.3 | -41.0 | -23.3 | 28.6 | 1.2 | -7.4 |
| Depreciation and amortization | -5.5 | 8.8 | -19.0 | 4.2 | -3.8 | 6.6 | -7.2 | 6.0 | 3.7 | 3.1 | -3.0 | 2.7 |
| Capital expenditure | -1.8 | -1.0 | -10.6 | -7.8 | -18.1 | -8.7 | -10.8 | -0.4 | -0.7 | -1.5 | -0.3 | -1.5 |
| Investing cash flow | -7,114 | -7,252 | -3,095 | -4,960 | -6,787 | -7,670 | -18,075 | -1,575 | -795 | -1,641 | -1,215 | -163 |
| Financing cash flow | 6,623 | 7,146 | 5,367 | 4,972 | 6,810 | 7,694 | 18,087 | 1,594 | 803 | 1,648 | 1,214 | 150 |
| Dividends paid | -400 | -230 | -183 | -140 | -49.0 | -9.2 | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -0.9 | -1.2 | -2.7 | -0.7 |
| Debt issued | 0.0 | 0.0 | 10.0 | 5.0 | 16.0 | 2,000 | 3,000 | 1,010 | 800 | 1,404 | — | — |
| Debt repaid | -1,379 | -0.1 | -0.1 | -0.1 | -0.3 | -0.1 | -0.2 | -516 | -0.2 | -0.1 | -0.1 | -0.1 |
| Effect of exchange rates | -0.5 | -2.4 | -3.2 | -0.1 | 1.9 | 0.8 | -2.2 | 1.6 | -0.5 | -1.1 | 1.4 | -0.8 |
| Net change in cash | -496 | -94.1 | 2,247 | 4.1 | -10.1 | 22.4 | -8.3 | -20.6 | -14.9 | 35.1 | 1.8 | -21.2 |
| Free cash flow | -5.9 | 13.0 | -32.2 | -16.1 | -53.0 | -11.1 | -28.1 | -41.4 | -24.1 | 27.0 | 0.8 | -8.9 |
| Levered free cash flow | -5,130 | -8,997 | -3,391 | 19.8 | 8,758 | -3,661 | -644 | -265 | -97.1 | -55.2 | -28.9 | -18.5 |