MSTR— Strategy Inc

Information TechnologyTechnology$34.3B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Total revenues	$477.2M+3.0%	$463.5M-6.6%	$496.3M-0.6%	$499.3M
Total cost of revenues	$149.4M+15.4%	$129.5M+17.8%	$109.9M+6.8%	$103.0M
Gross profit	$327.8M-1.8%	$334.0M-13.5%	$386.3M-2.5%	$396.3M
Sales and marketing	$123.0M-11.0%	$138.1M-7.7%	$149.7M+1.9%	$146.9M
Research and development	$93.9M-20.8%	$118.5M-1.7%	$120.5M-5.4%	$127.4M
General and administrative	$151.9M+8.1%	$140.5M+21.9%	$115.3M+3.5%	$111.4M
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
Total operating expenses	$5.77B+163.9%	$2.19B+336.2%	$501.4M-70.0%	$1.67B
Loss from operations	-$5.44B-193.8%	-$1.85B-1510.6%	-$115.0M+91.0%	-$1.28B
Interest expense, net	-$65.0M-4.9%	-$61.9M-26.5%	-$49.0M+7.9%	-$53.1M
(Loss) gain on debt extinguishment	$0+100.0%	-$22.9M-151.3%	$44.7M	$0
Other (expense) income, net	-$16.6M-573.5%	$3.5M+167.4%	-$5.2M-181.1%	$6.4M
Loss before income taxes	-$5.53B-185.7%	-$1.93B-1453.4%	-$124.5M+90.6%	-$1.32B
Benefit from income taxes	-$1.68B-118.6%	-$767.7M-38.7%	-$553.6M-475.8%	$147.3M
Net (loss) income	-$3.85B-229.8%	-$1.17B-371.9%	$429.1M+129.2%	-$1.47B
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
Weighted average common shares outstanding - Basic (in shares)	277.7M+44.2%	192.5M+40.8%	136.7M+20.8%	113.2M
Diluted (loss) earnings per share (in dollars per share)	-$15230.00-151.3%	-$6060.00-329.5%	$2640.00+120.3%	-$12980.00
Weighted average common shares outstanding - Diluted (in shares)	277.7M+44.2%	192.5M+16.2%	165.7M+46.3%	113.2M
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.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.