Strategy Inc (MSTR)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | -3,848,152 | -1,166,661 | 429,121 | -1,469,797 | -535,480 |
| Depreciation Amortization | 50,927 | 33,144 | 23,335 | 19,568 | 18,559 |
| Income taxes - deferred | -1,684,220 | -775,851 | -569,455 | 131,493 | -284,221 |
| Accounts receivable | 20,406 | 6,337 | 11,694 | -5,292 | 2,618 |
| Other Working Capital | -55,193 | -42,058 | -19,668 | -36,609 | 11,091 |
| Other Operating Activity | 5,448,991 | 1,892,057 | 137,685 | 1,363,848 | 881,266 |
| Operating Cash Flow | $-67,241 | $-53,032 | $12,712 | $3,211 | $93,833 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -45,212 | -13,478 | -2,938 | -2,486 | -2,706 |
| Sale Of Investment | N/A | N/A | N/A | 11,817 | 0 |
| Purchase Sale Intangibles | -22,467,080 | -22,072,760 | -1,902,299 | -287,921 | -2,626,529 |
| Other Investing Activity | -22,467,078 | -22,072,762 | -1,902,299 | -287,921 | -2,626,529 |
| Investing Cash Flow | $-22,512,290 | $-22,086,240 | $-1,905,237 | $-278,590 | $-2,629,235 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 2,031,000 | 6,213,750 | N/A | 215,793 | 1,550,000 |
| Debt Repayment | -712 | -516,351 | -160,546 | -246 | 0 |
| Common Stock Issued | 16,319,550 | 16,551,620 | 2,063,687 | 52,458 | 1,043,505 |
| Dividend Paid | -381,367 | N/A | N/A | N/A | N/A |
| Other Financing Activity | 6,875,059 | -116,379 | -13,255 | -2,817 | -51,820 |
| Financing Cash Flow | $24,843,530 | $22,132,640 | $1,889,886 | $265,188 | $2,541,685 |
| Exchange Rate Effect | -544 | -2,148 | 444 | -3,375 | -2,608 |
| Beginning Cash Position | 39,897 | 48,673 | 50,868 | 64,434 | 60,759 |
| End Cash Position | 2,303,344 | 39,897 | 48,673 | 50,868 | 64,434 |
| Net Cash Flow | $2,263,447 | $-8,776 | $-2,195 | $-13,566 | $3,675 |
| Free Cash Flow | |||||
| Operating Cash Flow | -67,241 | -53,032 | 12,712 | 3,211 | 93,833 |
| Capital Expenditure | -45,212 | -13,478 | -2,938 | -2,486 | -2,706 |
| Free Cash Flow | -112,453 | -66,510 | 9,774 | 725 | 91,127 |