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

Strategy brought in $477.2M of revenue in fiscal 2025, VerifyMe $16.4M in fiscal 2025. Revenue changed by +3.0% at Strategy and -32.3% at VerifyMe on the year before, so Strategy grew faster. Strategy kept -806.3% of its revenue as net profit, VerifyMe -29.9%. Free cash flow was -$75.5M at Strategy and $585K at VerifyMe.

Side by side, latest fiscal year

MSTRVRME
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$477.2M$16.4M
Revenue growth+3.0%-32.3%
Net income-$3.8B-$4.9M
Net margin-806.3%-29.9%
Free cash flow-$75.5M$585K
Free cash flow margin-15.8%3.6%
Earnings per share (diluted)-$15.23-$0.39
Cash$2.3B$4.4M
Debt$8.2Bn/a
Price to earningsn/an/a
Market value$60.9B$12.6M
Dividend yieldn/an/a
Rank by revenue in sector#312 of 638 · Technology#526 of 638 · 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: $477.2MVRME FY2021: $343KVRME FY2020: $343KVRME FY2021: $867KVRME FY2021: $867KVRME FY2022: $19.6MVRME FY2023: $25.3MVRME FY2024: $24.2MVRME FY2025: $16.4MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR $477.2MVRME $16.4M
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: -$3.8BVRME FY2021: -$5.9MVRME FY2020: -$5.9MVRME FY2021: $3.6MVRME FY2021: $3.6MVRME FY2022: -$14.4MVRME FY2023: -$3.4MVRME FY2024: -$3.8MVRME FY2025: -$4.9MFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$3.8BVRME -$4.9M
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%VRME FY2021: -1,720.7%VRME FY2020: -1,720.7%VRME FY2021: 416.6%VRME FY2021: 416.6%VRME FY2022: -73.5%VRME FY2023: -13.4%VRME FY2024: -15.8%VRME FY2025: -29.9%FY18FY19FY20FY21FY22FY23FY24FY25
MSTR -806.3%VRME -29.9%
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%VRME FY2020: 0.0%VRME FY2021: +152.8%VRME FY2021: 0.0%VRME FY2022: +2,157.9%VRME FY2023: +29.3%VRME FY2024: -4.4%VRME FY2025: -32.3%FY19FY20FY21FY22FY23FY24FY25
MSTR +3.0%VRME -32.3%
Free cash flow
MSTR FY2018: $3.8MMSTR FY2019: $50.7MMSTR FY2020: $50MMSTR FY2021: $91.1MMSTR FY2022: $725KMSTR FY2023: $9.8MMSTR FY2024: -$56MMSTR FY2025: -$75.5MVRME FY2021: -$3.3MVRME FY2023: $217KVRME FY2024: $864KVRME FY2025: $585KFY18FY19FY20FY21FY22FY23FY24FY25
MSTR -$75.5MVRME $585K

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

Questions about Strategy and VerifyMe

Which is bigger by revenue, Strategy or VerifyMe?

Strategy is bigger by revenue: $477.2M in fiscal 2025, against $16.4M for VerifyMe in fiscal 2025.

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

Strategy had a net margin of -806.3% in fiscal 2025; VerifyMe had -29.9% in fiscal 2025.

Which grew revenue faster, Strategy or VerifyMe?

In their latest fiscal years revenue changed by +3.0% at Strategy and -32.3% at VerifyMe.

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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