Strategy Inc
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 510.76M | 499.26M | 496.26M | 463.46M | 477.23M | 3.0% | |
| Cost of Revenue | (91.91M) | (102.99M) | (109.94M) | (129.47M) | (149.42M) | 15.4% | |
Gross Profit | 418.85M | 396.27M | 386.32M | 333.99M | 327.82M | -1.8% | |
| Operating Expenses | |||||||
| Research & Development | (117.12M) | (127.43M) | (120.53M) | (118.49M) | (93.86M) | -20.8% | |
| Selling, General & Administrative | (255.64M) | (258.30M) | (264.98M) | (278.62M) | (274.87M) | -1.3% | |
| General & Administrative | (95.50M) | (111.42M) | (115.31M) | (140.54M) | (151.91M) | 8.1% | |
| Selling & Marketing | (160.14M) | (146.88M) | (149.67M) | (138.08M) | (122.96M) | -11.0% | |
| Depreciation & Amortization | (11.36M) | (10.87M) | (14.53M) | (17.81M) | (25.52M) | 43.3% | |
Operating Income (EBIT) | -784.53M | -1.28B | -115.05M | -1.85B | -5.44B | 193.8% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (29.15M) | (53.14M) | (48.96M) | (61.94M) | (64.97M) | 4.9% | |
| Other Income/Expenses (Net) | -26.86M | -46.72M | -9.48M | -81.37M | -81.57M | 0.2% | |
Income Before Tax | -811.39M | -1.32B | -124.53M | -1.93B | -5.53B | 185.7% | |
| Income Tax Expense | (275.91M) | (147.33M) | (553.65M) | (767.68M) | (1.68B) | 118.6% | |
Net Income | -535.48M | -1.47B | 429.12M | -1.17B | -4.03B | 245.6% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $-5 | $-13 | $3 | $-6 | $-14 | 129.2% | |
| Weighted Avg Shares Outstanding | 100.20M | 113.21M | 136.71M | 192.55M | 294.00M | 52.7% | |
| Weighted Avg Shares Outstanding (Diluted) | 100.20M | 113.21M | 165.66M | 192.55M | 294.00M | 52.7% | |
EBITDA | -770.88M | -1.26B | -61.04M | -1.85B | -5.44B | 193.1% |
Explore MSTR
MSTR in the Technology
Large Cap