Sunday 11 October 2026 Export all MSTR data to Excel Powerpack

Strategy Inc

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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Market cap: $63.9B
P/E: 0.0×
Fwd P/E: 3.8×
Dividend yield: —
F-score: 3/9
Altman Z: 1.35
Beneish M: −2.47
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.25

Total sells 35.72

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	3	—	1	—	1	2	—	—	—	—
Sell	5	—	—	—	9	6	7	8	2	3	3	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 63,930.00

Revenue 498.35

Net Income (30,413.93)

Free Cash Flow (21,708.46)

Net Debt 4,260.10

Current Ratio 5.39

Debt/Equity 0.22

P/E ratio 0.00

Fwd P/E 3.76

P/S ratio 109.19

P/B ratio 1.76

Past 5Y EPS Growth —

This Y EPS Growth (57.31%)

Next Y EPS Growth 159.73%

Next Y revenue growth 5.13%

Next 5Y EPS Growth 55.33%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 89.18%

10-year low 10-year high

P/B against its own 10 years 9.61%

10-year low 10-year high

EV/Sales against its own 10 years 88.40%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	49	40	2,303	2,450
Receivables	184	181	206	124
Inventory	—	—	—	—
Other	—	—	—	—
	268	252	2,564	2,669

	2023	2024	2025	Q'26
Payables	43	53	50	35
ST’ Debt	0	1	31	40
Other	—	—	—	—
	323	355	456	495

Compound Annual Growth %

	10y	5y	3y
Sales	(1.04%)	(0.15%)	(1.49%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	57.99%	140.09%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	124	122	—	—	—
’25	111	114	129	123	477
’24	115	111	116	121	463
’23	122	120	129	124	496
’22	119	122	125	133	499
’21	123	125	128	135	511
’20	111	111	127	131	481

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	14	(4)	—	—	—
’25	(2)	(35)	(8)	(22)	(67)
’24	29	(23)	(41)	(17)	(53)
’23	37	(18)	(7)	1	13
’22	44	(21)	(1)	(18)	3
’21	63	14	14	3	94
’20	29	(3)	2	25	54

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(7,238)	(6,386)	—	—	—
’25	(7,673)	(6,822)	(4,968)	(3,116)	(22,580)
’24	(1,612)	(818)	(1,616)	(18,093)	(22,139)
’23	(142)	(366)	(171)	(1,214)	(1,893)
’22	(172)	(32)	(8)	(75)	(287)
’21	(1,024)	(516)	(406)	(589)	(2,535)
’20	28	(3)	(423)	(677)	(1,075)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(38.25)	(24.45)	—	—	—
’25	(16.49)	32.60	8.42	(42.93)	(15.23)
’24	(0.31)	(0.57)	(1.72)	(3.03)	(6.06)
’23	3.18	0.15	(1.01)	0.50	2.64
’22	(1.16)	(9.40)	(0.24)	(2.19)	(12.98)
’21	(1.14)	(3.07)	(0.36)	(0.84)	(5.34)
’20	0.01	0.04	(0.15)	0.03	(0.08)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	14.10	12.29	11.55	12.05	9.00	40.65	13.26	13.94	43.87	151.42	Analyst estimates 2026–2028 Powerpack
	High	20.73	20.60	15.12	15.89	40.00	131.50	57.63	68.94	543.00	457.22
People
People	Employees	2,133	2,216	2,528	2,396	1,997	2,121	2,152	1,934	1,534	1,539
	Revenue/emp, $m	0.24	0.23	0.20	0.20	0.24	0.24	0.23	0.26	0.30	0.31
Income, $m
Income, $m	Revenue	514	504	498	486	481	511	499	496	463	477
	Gross margin, %	81.86	80.82	80.01	79.44	81.06	82.01	79.37	77.85	72.06	68.69
	EBT	115	71	20	38	(20)	(811)	(1,322)	(125)	(1,934)	(5,526)
	EBT margin, %	22.38	14.19	4.12	7.87	(4.15)	(158.86)	(264.88)	(25.09)	(417.37)	(1,157.92)
	Net income	92	18	23	34	(8)	(535)	(1,470)	429	(1,167)	(3,848)
	Depreciation	20	16	4	9	15	19	20	23	33	51
Per share, $
Per share, $	Revenue	4.50	4.40	4.37	4.74	4.96	5.10	4.41	3.63	2.41	1.72
	Earnings	0.80	0.15	0.20	0.34	(0.08)	(5.34)	(12.98)	3.14	(6.06)	(15.23)
	Cash flow	0.97	0.68	0.09	0.59	0.55	0.94	0.03	0.09	(0.28)	(0.24)
	Capex	(0.02)	(0.03)	(0.06)	(0.10)	(11.65)	(26.24)	(2.57)	(13.94)	(114.70)	(81.08)
	Free cash flow	0.95	0.65	0.03	0.49	(11.10)	(25.30)	(2.54)	(13.84)	(114.98)	(81.32)
	Book value	4.83	5.29	4.66	4.96	5.71	9.77	(3.38)	15.84	94.68	158.91
	Shares, m	114	114	114	103	97	100	113	137	193	278
Valuation, ×
Valuation, ×	P/E	24.88	85.03	64.55	42.44	0.00	0.00	0.00	18.84	0.00	0.00
	P/S	4.40	2.99	2.92	3.01	7.83	10.68	3.29	18.88	120.33	88.41
	P/B	4.09	2.49	2.74	2.88	6.80	5.57	0.00	4.33	3.06	0.96
	EV/Sales	3.25	1.65	1.76	2.07	8.74	14.79	7.95	23.18	135.76	100.74
	EV/FCF	15.42	11.19	231.88	19.90	84.05	(2.98)	(13.82)	(6.08)	(2.84)	(2.13)
Cash, $m
Cash, $m	Operating cash flow	111	78	11	61	54	94	3	13	(53)	(67)
	Capex	(2)	(4)	(7)	(10)	(1,129)	(2,629)	(290)	(1,905)	(22,086)	(22,512)
	Free cash flow	108	74	4	51	(1,075)	(2,535)	(287)	(1,893)	(22,139)	(22,580)
Balance, $m
Balance, $m	Working capital	500	590	520	484	(13)	(44)	(53)	(55)	(103)	2,108
	Total debt	—	—	—	113	497	2,164	2,379	2,183	7,192	8,190
	Net debt	(590)	(676)	(577)	(454)	437	2,100	2,328	2,134	7,152	5,887
	Shareholders’ equity	552	606	530	509	553	979	(383)	2,165	18,230	44,123
Returns, %
Returns, %	ROA	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)
	ROE	18.31	3.14	3.96	6.62	(1.42)	(69.91)	(493.35)	48.17	(11.44)	(13.57)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ADP Automatic Data Processing, Inc.	$107.3B	24.7×	19.0×	+6.77% (above 0%: growing)	+9.37% (above 0%: growing)	−5.49% (below 0%: shrinking)	45.88%	23.00%	Compare
DDOG Datadog, Inc.	$98.3B	575×	420×	+35.64% (above 0%: growing)	+1,610.53% (above 0%: growing)	+68.55% (above 0%: growing)	78.59%	0.49%	Compare
CDNS Cadence Design Systems, Inc.	$96.1B	69.6×	83.7×	+24.23% (above 0%: growing)	+127.12% (above 0%: growing)	+72.50% (above 0%: growing)	84.90%	28.42%	Compare
ADBE Adobe Inc.	$93.8B	13.5×	13.8×	+12.89% (above 0%: growing)	+10.77% (above 0%: growing)	+14.68% (above 0%: growing)	88.71%	34.82%	Compare
INTU Intuit Inc.	$81.2B	18.3×	15.3×	+13.65% (above 0%: growing)	−1.47% (below 0%: shrinking)	+253.37% (above 0%: growing)	78.11%	10.91%	Compare
MSTR Strategy Inc	$63.9B	— (loss-making)	3.8×	+6.88% (above 0%: growing)	n/m	+6.40% (above 0%: growing)	66.64%	(6,808.11%)
TEAM Atlassian Corporation PLC	$51.5B	— (loss-making)	125×	+27.60% (above 0%: growing)	n/m	+31.74% (above 0%: growing)	86.50%	11.93%	Compare
ADSK Autodesk, Inc.	$48.8B	30.2×	27.1×	+16.05% (above 0%: growing)	+59.18% (above 0%: growing)	+24.77% (above 0%: growing)	91.40%	29.28%	Compare
WDAY Workday, Inc.	$45.3B	37.6×	35.1×	+12.82% (above 0%: growing)	+200.00% (above 0%: growing)	−21.77% (below 0%: shrinking)	75.39%	11.82%	Compare
Median of peers	$87.5B	30.2×	31.1×	+14.85%	+59.18%	+28.26%	81.75%	17.47%

All 237 Software Application stocks →

Strategy Inc (MSTR) key facts

Strength: Strategy Inc’s revenue for fiscal 2025 (year ended December 2025) was $477.2 million, up 2.97% from fiscal 2024.
Strategy Inc (MSTR) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, MSTR traded at $154.34, a market capitalization of $63.9 billion.
Return on equity was −13.6% and debt-to-equity 0.22.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.35 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.