Strategy Inc
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $477.2M | $463.5M | $496.3M | $499.3M | $510.8M |
| Operating income | -$5.4B | -$1.9B | -$115.0M | -$1.3B | -$784.5M |
| Operating expenses | $5.8B | $2.2B | $501.4M | $1.7B | $1.2B |
| Cash from operations | -$67.2M | -$53.0M | $12.7M | $3.2M | $93.8M |
| Capital expenditure | $8.2M | $3.0M | $2.9M | $2.5M | $2.7M |
| Free cash flow | -$75.5M | -$56.0M | $9.8M | $725,000 | $91.1M |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | — | — | — | $0 | $0 |
| Total assets | $61.6B | $25.8B | $4.8B | $2.4B | $3.6B |
| Total liabilities | $10.6B | $7.6B | $2.6B | $2.8B | $2.6B |
Shares outstanding 350.4M · Free float 93.4%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.