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Strategy vs SAIHEAT: revenue, profit, margins and growth compared

Strategy brought in $477.2M of revenue in fiscal 2025, SAIHEAT $4.5M in fiscal 2025. Revenue changed by +3.0% at Strategy and -18.4% at SAIHEAT on the year before, so Strategy grew faster. Strategy kept -806.3% of its revenue as net profit, SAIHEAT -142.7%.

Side by side, latest fiscal year

MSTRSAIH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$477.2M$4.5M
Revenue growth+3.0%-18.4%
Net income-$3.8B-$6.5M
Net margin-806.3%-142.7%
Free cash flow-$75.5Mn/a
Free cash flow margin-15.8%n/a
Earnings per share (diluted)-$15.23-$3.51
Cash$2.3B$202K
Debt$8.2Bn/a
Price to earningsn/an/a
Market value$60.9B$55.3M
Dividend yieldn/an/a
Rank by revenue in sector#309 of 530 · Technology#497 of 530 · Technology

Over the years

Revenue
MSTR FY2018: $497.6MMSTR FY2019: $486.3MMSTR FY2020: $480.7MMSTR FY2021: $510.8MMSTR FY2022: $499.3MMSTR FY2023: $496.3MMSTR FY2024: $463.5MMSTR FY2025: $477.2MSAIH FY2020: $2MSAIH FY2021: $17MSAIH FY2022: $10.6MSAIH FY2023: $6.8MSAIH FY2024: $5.5MSAIH FY2025: $4.5MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR $477.2MSAIH $4.5M
Net income
MSTR FY2018: $22.5MMSTR FY2019: $34.4MMSTR FY2020: -$7.5MMSTR FY2021: -$535.5MMSTR FY2022: -$1.5BMSTR FY2023: $429.1MMSTR FY2024: -$1.2BMSTR FY2025: -$3.8BSAIH FY2020: $403KSAIH FY2021: -$16.7MSAIH FY2022: -$8.8MSAIH FY2023: -$6.1MSAIH FY2024: -$5.9MSAIH FY2025: -$6.5MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$3.8BSAIH -$6.5M
Net margin
MSTR FY2018: 4.5%MSTR FY2019: 7.1%MSTR FY2020: -1.6%MSTR FY2021: -104.8%MSTR FY2022: -294.4%MSTR FY2023: 86.5%MSTR FY2024: -251.7%MSTR FY2025: -806.3%SAIH FY2020: 20.6%SAIH FY2021: -98.0%SAIH FY2022: -83.1%SAIH FY2023: -90.3%SAIH FY2024: -106.2%SAIH FY2025: -142.7%FY18FY19FY20FY21FY22FY23FY24FY25
MSTR -806.3%SAIH -142.7%
Revenue growth
MSTR FY2019: -2.3%MSTR FY2020: -1.1%MSTR FY2021: +6.2%MSTR FY2022: -2.3%MSTR FY2023: -0.6%MSTR FY2024: -6.6%MSTR FY2025: +3.0%SAIH FY2021: +770.6%SAIH FY2022: -37.6%SAIH FY2023: -36.3%SAIH FY2024: -18.2%SAIH FY2025: -18.4%FY19FY20FY21FY22FY23FY24FY25
MSTR +3.0%SAIH -18.4%
Free cash flow
MSTR FY2018: $3.8MMSTR FY2019: $50.7MMSTR FY2020: $50MMSTR FY2021: $91.1MMSTR FY2022: $725KMSTR FY2023: $9.8MMSTR FY2024: -$56MMSTR FY2025: -$75.5MSAIH FY2020: -$1.4MSAIH FY2021: -$5MSAIH FY2022: -$6.8MSAIH FY2023: -$8.2MSAIH FY2024: -$6.3MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$75.5MSAIH -$6.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Strategy and SAIHEAT

Which is bigger by revenue, Strategy or SAIHEAT?

Strategy is bigger by revenue: $477.2M in fiscal 2025, against $4.5M for SAIHEAT in fiscal 2025.

Which keeps more of its revenue as profit, Strategy or SAIHEAT?

Strategy had a net margin of -806.3% in fiscal 2025; SAIHEAT had -142.7% in fiscal 2025.

Which grew revenue faster, Strategy or SAIHEAT?

In their latest fiscal years revenue changed by +3.0% at Strategy and -18.4% at SAIHEAT.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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