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

Strategy brought in $477.2M of revenue in fiscal 2025, Strive $3.7M in fiscal 2024. Revenue changed by +3.0% at Strategy and +1,217.5% at Strive on the year before, so Strive grew faster. Strategy kept -806.3% of its revenue as net profit, Strive -591.2%. Free cash flow was -$75.5M at Strategy and -$21.6M at Strive.

Side by side, latest fiscal year

MSTRSATA
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$477.2M$3.7M
Revenue growth+3.0%+1,217.5%
Net income-$3.8B-$21.6M
Net margin-806.3%-591.2%
Free cash flow-$75.5M-$21.6M
Free cash flow margin-15.8%-592.3%
Earnings per share (diluted)-$15.23-$9.75
Cash$2.3B$6.2M
Debt$8.2Bn/a
Price to earningsn/an/a
Market value$60.9B$8.5B
Dividend yieldn/an/a
Rank by revenue in sector#309 of 530 · Technology#505 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: $477.2MSATA FY2022: $829.6KSATA FY2022: $343.1KSATA FY2023: $277KSATA FY2024: $3.7MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR $477.2MSATA $3.7M
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: -$3.8BSATA FY2022: $14.9KSATA FY2022: -$645.3KSATA FY2023: -$4.9MSATA FY2024: -$21.6MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$3.8BSATA -$21.6M
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%SATA FY2022: 1.8%SATA FY2022: -188.1%SATA FY2023: -1,780.0%SATA FY2024: -591.2%FY18FY19FY20FY21FY22FY23FY24FY25
MSTR -806.3%SATA -591.2%
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%SATA FY2022: -58.6%SATA FY2023: -19.3%SATA FY2024: +1,217.5%FY19FY20FY21FY22FY23FY24FY25
MSTR +3.0%SATA +1,217.5%
Free cash flow
MSTR FY2018: $3.8MMSTR FY2019: $50.7MMSTR FY2020: $50MMSTR FY2021: $91.1MMSTR FY2022: $725KMSTR FY2023: $9.8MMSTR FY2024: -$56MMSTR FY2025: -$75.5MSATA FY2023: -$3.8MSATA FY2024: -$21.6MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$75.5MSATA -$21.6M

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

Questions about Strategy and Strive

Which is bigger by revenue, Strategy or Strive?

Strategy is bigger by revenue: $477.2M in fiscal 2025, against $3.7M for Strive in fiscal 2024.

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

Strategy had a net margin of -806.3% in fiscal 2025; Strive had -591.2% in fiscal 2024.

Which grew revenue faster, Strategy or Strive?

In their latest fiscal years revenue changed by +3.0% at Strategy and +1,217.5% at Strive.

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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