Stocks Technology MSTR
NASDAQ · TechnologyStrategy Inc (MSTR)
Strategy Inc brought in $498.3M of revenue over the twelve months to June 30, 2026. It posted a net loss of $30.4B. In fiscal 2025 capital spending exceeded operating cash flow by $75.5M. At June 30, 2026 it held $1.7B in cash against $6.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 3, 2026.
Key facts about Strategy Inc
- Net worth
- Strategy Inc has a market value (market cap) of $63.2B at the latest share price, and shareholders' equity of $30.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $477.2M (+3.0% year on year), with a net loss of $3.8B. Over the 12 months to June 30, 2026: revenue $498.3M, net loss $30.4B.
- Cash flow
- In fiscal 2025 operations used $67.2M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 3, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
What Strategy Inc does
MicroStrategy develops business intelligence software, mobile applications, and cloud-based analytics platforms. Enterprise clients purchase its tools to analyze business data and generate management reports. The company is also widely recognized for holding large corporate treasury reserves in Bitcoin alongside its core analytics software operations. Its shares trade on NASDAQ under the ticker MSTR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $477.2M | -$3.8B | -$15.23 | -$75.5M |
| 2024 | $463.5M | -$1.2B | -$6.06 | -$56M |
| 2023 | $496.3M | $429.1M | $2.64 | $9.8M |
| 2022 | $499.3M | -$1.5B | -$12.98 | $725K |
| 2021 | $510.8M | -$535.5M | -$5.34 | $91.1M |
| 2020 | $480.7M | -$7.5M | -$0.08 | $50M |
Full financial statements: income, balance sheet and cash flow
Where MSTR ranks in Technology
Latest SEC filings
What Strategy Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 5, 2026Additional proxy material DEFA14A
- October 5, 2026Additional proxy material DEFA14A
- October 5, 2026
- October 5, 2026Proxy statement DEF 14A
- October 1, 2026Additional proxy material DEFA14A
- October 1, 2026
- September 30, 2026Additional proxy material DEFA14A
- September 29, 2026Additional proxy material DEFA14A
- September 28, 2026Additional proxy material DEFA14A
- September 28, 2026Additional proxy material DEFA14A
Insider trades
What the people running Strategy Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.9M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Patten Jarrod MDirector | Exercised options | 475 | $8.7K |
| September 22, 2026 | Patten Jarrod MDirector | Sold | 475 | $81.2K |
| September 21, 2026 | Patten Jarrod MDirector | Exercised options | 1,425 | $26K |
| September 21, 2026 | Patten Jarrod MDirector | Sold | 475 | $78.8K |
| September 21, 2026 | Patten Jarrod MDirector | Sold | 475 | $79.3K |
| September 21, 2026 | Patten Jarrod MDirector | Sold | 475 | $80.3K |
| September 4, 2026 | Chow Thomas C.EVP & General Counsel | Sold | 106 | $14.7K |
| August 27, 2026 | Patten Jarrod MDirector | Exercised options | 1,850 | $33.7K |
Who owns MSTR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital International Investors13G, passive | 10.1% | May 14, 2026 |
| Vanguard Capital Management13G, passive | 5.34% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 851 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital International Investors | 34,902,002 | +3,460,241 |
| BlackRock, Inc. | 19,394,284 | +1,640,399 |
| Vanguard Portfolio Management LLC | 15,353,408 | +611,701 |
| Vanguard Capital Management LLC | 14,938,599 | +861,087 |
| Invesco Ltd. | 9,340,682 | +616,325 |
| Morgan Stanley | 9,330,454 | +44,440 |
| State Street Corp | 7,527,561 | +506,635 |
| Goldman Sachs Group Inc | 5,810,162 | +4,023,500 |
| UBS Group AG | 4,943,411 | -1,367,953 |
| Geode Capital Management, LLC | 4,606,751 | -49,114 |
| Capital World Investors | 4,310,934 | +28,826 |
| Norges Bank | 3,979,476 | new |
| Harvest Portfolios Group Inc. | 3,121,927 | +442,159 |
| Capital Research Global Investors | 2,993,437 | -4,622,272 |
| Jane Street Group, LLC | 2,677,622 | +2,467,789 |
| Renaissance Technologies LLC | 2,553,692 | +422,811 |
| Susquehanna International Group, Llp | 2,520,930 | +1,238,294 |
| Vanguard Fiduciary Trust Co | 2,094,345 | +144,587 |
| Wells Fargo & Company | 1,994,253 | +1,268,276 |
| Northern Trust Corp | 1,831,554 | +69,540 |
Insiders
11 insiders reported holding 338,801 shares in total, about $55.7M at the last price.
| Holder | Shares |
|---|---|
| Le PhongPresident & CEO, Director | 145,33211,000 held indirectly |
| Kang AndrewEVP & CFO | 71,044 |
| Patten Jarrod MDirector | 57,741 |
| Shao Wei-MingEVP & General Counsel | 32,726 |
| Montgomery JeanineVP & CAO | 11,209 |
| Graham Stephen XDirector | 8,356 |
| Rickertsen Carl JDirector | 5,406 |
| Dietze Jane ADirector | 4,692 |
| Winiarski GreggDirector | 1,092 |
| Brooks Brian PDirector | 1,092 |
Questions about MSTR
What does Strategy Inc do?
MicroStrategy develops business intelligence software, mobile applications, and cloud-based analytics platforms. Enterprise clients purchase its tools to analyze business data and generate management reports. The company is also widely recognized for holding large corporate treasury reserves in Bitcoin alongside its core analytics software operations. Its shares trade on NASDAQ under the ticker MSTR.
What is Strategy Inc's net worth?
Strategy Inc has a market value (market cap) of $63.2B at the latest share price, and shareholders' equity of $30.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Strategy Inc profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $30.4B on revenue of $498.3M.
How much revenue does Strategy Inc make?
Over the twelve months to June 30, 2026 Strategy Inc reported revenue of $498.3M.
When did Strategy Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 3, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the additional proxy material from October 5, 2026.
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Follow MSTR: get an email when it filesWhere the numbers come from
Financial figures are the values Strategy Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.