Financials in USD. Standardized financial statements.
A compact view of how Strategy Inc turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $477.23M | $463.46M | $496.26M | $499.26M | $510.76M | $480.74M | $486.33M | $497.64M | $503.84M | $513.59M |
| Revenue Growth? | +3.0% | -6.6% | -0.6% | -2.3% | +6.2% | -1.1% | -2.3% | -1.2% | -1.9% | 0.0% |
| Cost of Revenue? | $149.42M | $129.47M | $109.94M | $102.99M | $91.91M | $91.06M | $99.97M | $99.50M | $96.65M | $93.15M |
| Gross Profit? | $327.82M | $333.99M | $386.32M | $396.27M | $418.85M | $389.68M | $386.35M | $398.14M | $407.19M | $420.44M |
| Gross Margin? | +68.7% | +72.1% | +77.8% | +79.4% | +82.0% | +81.1% | +79.4% | +80.0% | +80.8% | +81.9% |
| Operating Expenses? | $5.77B | $2.19B | $501.36M | $1.67B | $1.20B | $403.31M | $387.36M | $394.16M | $333.97M | $310.93M |
| Operating Income? | -$5.44B | -$1.85B | -$115.05M | -$1.28B | -$784.53M | -$13.63M | -$1.00M | $3.98M | $73.22M | $109.51M |
| EBITDA? | -$5.44B | -$1.85B | -$61.04M | -$1.26B | -$770.88M | $70.41M | $7.59M | $7.68M | $88.75M | $129.50M |
| Income Before Tax | -$5.53B | -$1.93B | -$124.53M | -$1.32B | -$811.39M | -$19.95M | $38.26M | $20.48M | $71.47M | $114.93M |
| Income Tax Expense | -$1.68B | -$767.68M | -$553.65M | $147.33M | -$275.91M | -$12.43M | $3.91M | -$2.02M | $53.28M | $22.69M |
| Net Income? | -$4.03B | -$1.17B | $429.12M | -$1.47B | -$535.48M | -$7.52M | $34.35M | $22.50M | $18.20M | $92.24M |
| EPS? | $-13.89 | $-6.06 | $3.14 | $-12.98 | $-5.34 | $-0.08 | $0.34 | $0.20 | $0.16 | $0.81 |
| Diluted EPS? | $-15.23 | $-6.06 | $2.64 | $-12.98 | $-5.34 | $-0.08 | $0.33 | $0.20 | $0.16 | $0.80 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality