Sunday 11 October 2026
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Strategy Inc
MSTR Technology Software Application
Strategy Inc’s revenue for fiscal 2025 (year ended December 2025) was $477.2 million, up 2.97% from fiscal 2024. In the quarter to June 2026, revenue grew 6.88%, EPS fell 167.5%, free cash flow grew 6.40% and total debt fell 17.8%, each against the same quarter a year earlier. Member of the Nasdaq 100; insiders bought in the last twelve months.
154.34
2.87
+1.89%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
24.88 | 85.03 | 64.55 | 42.44 | 0.00 | 0.00 | 0.00 | 18.84 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 4 | 5 | 5 | 4 | 3 | 3 | 4 | 2 | 3 |
Altman Z-Score |
9.08 | 5.10 | 4.90 | 4.20 | 3.31 | 0.69 | (2.05) | 1.71 | 4.05 | 1.35 |
P/S ratio |
4.40 | 2.99 | 2.92 | 3.01 | 7.83 | 10.68 | 3.29 | 18.88 | 120.33 | 88.41 |
P/FCF ratio |
20.88 | 20.29 | 384.48 | 28.85 | 75.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
10.00 | 8.45 | 7.82 | 6.84 | 1.80 | (1.13) | (5.78) | (0.05) | 1.73 | 2.61 |
Beneish M-Score |
(2.44) | (2.07) | (1.96) | (1.56) | (0.44) | (3.42) | (5.56) | (1.91) | (2.52) | (2.47) |
P/Operating CF |
136.52 | 51.94 | (115.18) | 171.17 | 148.61 | 1,680.29 | (90.20) | 7,911.40 | (3,219.00) | (1,950.64) |
P/B ratio |
4.09 | 2.49 | 2.74 | 2.88 | 6.80 | 5.57 | 0.00 | 4.33 | 3.06 | 0.96 |
Price to Tangible BV |
4.09 | 2.49 | 2.74 | 2.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
3.25 | 1.65 | 1.76 | 2.07 | 8.74 | 14.79 | 7.95 | 23.18 | 135.76 | 100.74 |
EV/EBITDA |
12.90 | 9.38 | 114.13 | 132.87 | 3,359.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
15.10 | 10.63 | 82.50 | 16.57 | 78.33 | 80.52 | 1,236.27 | 904.74 | (1,186.41) | (715.00) |
EV/FCF |
15.42 | 11.19 | 231.88 | 19.90 | 84.05 | (2.98) | (13.82) | (6.08) | (2.84) | (2.13) |
Quick Ratio |
3.63 | 3.11 | 2.90 | 2.71 | 0.90 | 0.81 | 0.76 | 0.72 | 0.62 | 5.50 |
Current Ratio |
3.69 | 3.18 | 3.01 | 2.79 | 0.95 | 0.86 | 0.83 | 0.83 | 0.71 | 5.62 |
Net Debt/EBITDA |
(4.56) | (7.62) | (75.11) | (59.76) | 349.29 | (2.74) | (1.85) | (23.27) | (3.93) | (1.09) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 12.33% | 33.94% | 60.84% | 98.70% | 45.83% | 27.83% | 13.29% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.22 | 0.90 | 2.21 | (6.21) | 1.01 | 0.39 | 0.19 |
Asset Turnover |
0.72 | 0.59 | 0.56 | 0.55 | 0.40 | 0.20 | 0.17 | 0.14 | 0.03 | 0.01 |
Operating CF/Net income |
1.20 | 4.30 | 0.47 | 1.77 | (7.13) | (0.18) | 0.00 | 0.03 | 0.05 | 0.02 |
Capex/Depreciation |
(0.12) | (0.26) | (1.85) | (1.18) | (75.88) | (141.67) | (14.84) | (81.65) | (666.37) | (442.05) |
Interest Coverage |
49.71 | 14.07 | 0.34 | (0.09) | (5.40) | (26.91) | (24.01) | (2.35) | (29.92) | (83.80) |
| 18.31% | 3.14% | 3.96% | 6.62% | (1.42%) | (69.91%) | (493.35%) | 48.17% | (11.44%) | (13.57%) | |
| 12.94% | 2.14% | 2.52% | 3.88% | (0.63%) | (21.32%) | (49.26%) | 11.97% | (7.62%) | (9.67%) | |
ROIC |
0.00% | 0.00% | 0.00% | (1.14%) | (0.86%) | (15.93%) | (40.99%) | (1.67%) | (4.56%) | (6.80%) |
Return on Tangible Assets |
16.56% | 2.83% | 3.93% | 6.44% | (25.10%) | 7,204.09% | 7,160.66% | (1,623.18%) | 1,520.42% | (197.96%) |
Average Days of Receivables |
59.21 | 119.80 | 125.69 | 122.72 | 149.92 | 135.26 | 138.38 | 135.20 | 142.71 | 157.36 |
Research and Development Expense of Revenue |
14.24% | 15.63% | 20.60% | 22.50% | 21.54% | 22.93% | 25.52% | 24.29% | 25.57% | 19.67% |
Selling, General and Administrative Expense of Revenue |
46.29% | 50.65% | 58.61% | 57.15% | 47.64% | 50.05% | 51.74% | 53.40% | 60.12% | 57.60% |
Intangible Assets out of Total Assets |
0.01 | 0.00 | 0.00 | 0.00 | 0.72 | 0.80 | 0.76 | 0.76 | 0.93 | 0.95 |
Share Based Compensation of Revenue |
2.30% | 2.83% | 2.94% | 2.10% | 2.32% | 8.64% | 12.74% | 14.02% | 16.64% | 11.18% |
Graham Net Nets |
0.21 | 0.35 | 0.31 | 0.24 | (0.17) | (0.42) | (1.54) | (0.25) | (0.13) | (0.35) |
Graham Number |
9.30 | 4.30 | 4.55 | 6.12 | 0.00 | 0.00 | 31.45 | 36.00 | 0.00 | 0.00 |
Earnings Yield |
4.02% | 1.18% | 1.55% | 2.36% | (0.20%) | (9.94%) | (89.59%) | 5.31% | (1.94%) | (9.14%) |
Free Cash Flow Yield |
4.79% | 4.93% | 0.26% | 3.47% | 1.33% | (46.47%) | (17.50%) | (20.20%) | (39.70%) | (53.52%) |
Revenue per Share |
4.50 | 4.40 | 4.37 | 4.74 | 4.96 | 5.10 | 4.41 | 3.63 | 2.41 | 1.72 |
Operating CF per Share |
0.97 | 0.68 | 0.09 | 0.59 | 0.55 | 0.94 | 0.03 | 0.09 | (0.28) | (0.24) |
Capex per Share |
(0.02) | (0.03) | (0.06) | (0.10) | (11.65) | (26.24) | (2.57) | (13.94) | (114.70) | (81.08) |
Free Cash Flow per Share |
0.95 | 0.65 | 0.03 | 0.49 | (11.10) | (25.30) | (2.54) | (13.84) | (114.98) | (81.32) |
Cash per Share |
5.17 | 5.91 | 5.07 | 5.53 | 0.63 | 0.64 | 0.45 | 0.36 | 0.21 | 8.30 |
Shareholders Equity per Share |
4.83 | 5.29 | 4.66 | 4.96 | 5.71 | 9.77 | (3.38) | 15.84 | 94.68 | 158.91 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.83 | 5.29 | 4.66 | 4.96 | 5.71 | 9.77 | (3.38) | 15.84 | 94.68 | 158.91 |
Free Cash Flow |
108.25 | 74.34 | 3.78 | 50.69 | (1,075.03) | (2,535.40) | (287.20) | (1,892.52) | (22,139.27) | (22,579.53) |
Working Capital |
499.50 | 589.71 | 520.13 | 483.63 | (13.00) | (44.02) | (52.84) | (55.38) | (103.06) | 2,107.65 |
Capital Expenditures |
(2.34) | (3.98) | (6.85) | (10.18) | (1,128.65) | (2,629.23) | (290.41) | (1,905.24) | (22,086.24) | (22,512.29) |
Net Current Asset Value |
468.85 | 533.16 | 452.36 | 345.43 | (639.95) | (2,310.20) | (2,528.83) | (2,329.66) | (7,361.38) | (14,953.48) |
EV/EBIT |
15.25 | 11.37 | 220.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.01 | 0.01 | 0.02 | 2.35 | 5.15 | 0.58 | 3.84 | 47.66 | 47.17 |
Price to Operating Income |
20.64 | 20.60 | 365.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.35 | 0.29 | 0.07 | 0.17 | 0.35 | 0.51 | 0.61 | 0.81 | 1.26 | 1.76 |
Cash ROIC |
9.48% | 5.80% | 0.34% | 4.27% | (96.75%) | (79.04%) | (14.03%) | (43.05%) | (86.95%) | (41.34%) |
Accounts Receivable Turnover |
6.78 | 4.05 | 2.96 | 2.90 | 2.66 | 2.64 | 2.64 | 2.66 | 2.54 | 2.47 |
Accounts Payable Turnover |
2.72 | 2.87 | 3.09 | 2.96 | 2.31 | 2.02 | 2.31 | 2.55 | 2.70 | 2.89 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
143.53 | 115.98 | 123.57 | 123.84 | 179.78 | 183.01 | 152.31 | 143.05 | 149.37 | 122.96 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
75.74 | 124.34 | 168.36 | 167.44 | 180.49 | 193.37 | 189.28 | 186.55 | 182.51 | 193.48 |
Average Payables |
34.23 | 33.67 | 32.20 | 33.80 | 39.38 | 45.47 | 44.53 | 43.03 | 48.04 | 51.66 |
Average Assets |
712.61 | 850.77 | 894.49 | 886.17 | 1,191.09 | 2,511.37 | 2,983.70 | 3,586.40 | 15,303.11 | 43,742.39 |
Average Common Equity |
503.73 | 578.95 | 567.73 | 519.15 | 530.80 | 766.00 | 297.92 | 890.93 | 10,197.48 | 31,176.72 |
Columns are period end dates