| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Total revenues | $57.7M-10.3% | $64.3M-15.2% | $75.8M-11.3% | $85.5M+1.0% | $84.7M+10.7% | $76.5M-1.2% | $77.4M-7.6% | $83.8M |
| Total cost of revenues | $43.9M-13.4% | $50.7M-5.8% | $53.8M-2.7% | $55.3M+2.3% | $54.0M+8.2% | $50.0M-8.1% | $54.4M-10.5% | $60.8M |
| Gross profit | $327.8M-1.8% | $334.0M-13.5% | $386.3M-2.5% | $396.3M-5.4% | $418.9M+7.5% | $389.7M+0.9% | $386.4M-3.0% | $398.1M |
| Sales and marketing | $123.0M-11.0% | $138.1M-7.7% | $149.7M+1.9% | $146.9M-8.3% | $160.1M+7.5% | $148.9M-22.1% | $191.2M-7.0% | $205.5M |
| Research and development | $93.9M-20.8% | $118.5M-1.7% | $120.5M-5.4% | $127.4M+8.8% | $117.1M+13.1% | $103.6M-5.4% | $109.4M+6.8% | $102.5M |
| General and administrative | $151.9M+8.1% | $140.5M+21.9% | $115.3M+3.5% | $111.4M+16.7% | $95.5M+19.2% | $80.1M-7.6% | $86.7M+0.7% | $86.1M |
| Unrealized loss on digital assets | $5.40B | $0 | $0 | — | — | — | — | — |
| Digital asset impairment losses | $0-100.0% | $1.79B+1445.0% | $115.9M-91.0% | $1.29B+54.9% | $830.6M+1074.9% | $70.7M | $0 | $0 |
| Total operating expenses | $5.77B+163.9% | $2.19B+336.2% | $501.4M-70.0% | $1.67B+38.9% | $1.20B+198.4% | $403.3M+4.1% | $387.4M-1.7% | $394.2M |
| Loss from operations | -$5.44B-193.8% | -$1.85B-1510.6% | -$115.0M+91.0% | -$1.28B-62.6% | -$784.5M-5658.0% | -$13.6M-1259.8% | -$1.0M-125.2% | $4.0M |
| Interest expense, net | -$65.0M-4.9% | -$61.9M-26.5% | -$49.0M+7.9% | -$53.1M-82.3% | -$29.1M-4205.5% | $710K-93.5% | $10.9M-8.0% | $11.9M |
| (Loss) gain on debt extinguishment | $0+100.0% | -$22.9M-151.3% | $44.7M | $0 | $0 | — | — | — |
| Other (expense) income, net | -$16.6M-573.5% | $3.5M+167.4% | -$5.2M-181.1% | $6.4M+180.4% | $2.3M+132.5% | -$7.0M-124.8% | $28.4M+510.3% | $4.6M |
| Loss before income taxes | -$5.53B-185.7% | -$1.93B-1453.4% | -$124.5M+90.6% | -$1.32B-63.0% | -$811.4M-3966.5% | -$20.0M-152.1% | $38.3M+86.8% | $20.5M |
| Benefit from income taxes | -$1.68B-118.6% | -$767.7M-38.7% | -$553.6M-475.8% | $147.3M+153.4% | -$275.9M-2119.9% | -$12.4M-418.0% | $3.9M+293.6% | -$2.0M |
| Net (loss) income | -$3.85B-229.8% | -$1.17B-371.9% | $429.1M+129.2% | -$1.47B-174.5% | -$535.5M-7017.0% | -$7.5M-121.9% | $34.4M+52.7% | $22.5M |
| Dividends on preferred stock | -$381.4M | $0 | $0 | — | — | — | — | — |
| Net (loss) income attributable to common stockholders of Strategy | -$4.23B-262.5% | -$1.17B-371.9% | $429.1M | — | — | — | — | — |
| Basic (loss) earnings per share (in dollars per share) | -$15230.00-151.3% | -$6060.00-293.0% | $3140.00+124.2% | -$12980.00+75.7% | -$53440.00-6751.3% | -$780.00-123.3% | $3350.00+69.2% | $1980.00 |
| Weighted average common shares outstanding - Basic (in shares) | 277.7M+44.2% | 192.5M+40.8% | 136.7M+20.8% | 113.2M+1029.8% | 10.0M+3.5% | 9.7M-5.6% | 10.3M-9.8% | 11.4M |
| Diluted (loss) earnings per share (in dollars per share) | -$15230.00-151.3% | -$6060.00-329.5% | $2640.00+120.3% | -$12980.00+75.7% | -$53440.00-6751.3% | -$780.00-123.4% | $3330.00+69.0% | $1970.00 |
| Weighted average common shares outstanding - Diluted (in shares) | 277.7M+44.2% | 192.5M+16.2% | 165.7M+46.3% | 113.2M+1029.8% | 10.0M+3.5% | 9.7M-6.2% | 10.3M-9.5% | 11.4M |
| Total product licenses and subscription services | ||||||||
| Product licenses | ||||||||
| Subscription services | ||||||||
| Product support | ||||||||
| Other services | ||||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.