Strategy Inc. financials

Key figures from Strategy Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Year earlierChange
Revenue$122M
Net income-$8.2B
Free cash flow-$6M
Gross margin66.6%
Operating margin-6808.1%
Net margin-6717.1%

Quarterly trend

Revenue by quarter
$122MMar 2023$120MJun 2023$129MSep 2023$124MDec 2023*$115MMar 2024$111MJun 2024$116MSep 2024$121MDec 2024*$111MMar 2025$123MDec 2025*$124MMar 2026$122MJun 2026
Net income by quarter
$461MMar 2023$22MJun 2023-$143MSep 2023$89MDec 2023*-$53MMar 2024-$103MJun 2024-$340MSep 2024-$671MDec 2024*-$4.2BMar 2025-$12.4BDec 2025*-$12.5BMar 2026-$8.2BJun 2026
Free cash flow by quarter
$37MMar 2023-$19MJun 2023-$9MSep 2023$837,000Dec 2023*$27MMar 2024-$24MJun 2024-$41MSep 2024-$18MDec 2024*-$5MMar 2025-$22MDec 2025*$13MMar 2026-$6MJun 2026
Margins by quarter
-16369%-6903%2563%Mar 2023Jun 2023Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Dec 2025*Mar 2026Jun 202677.1%77.5%79.4%77.3%74.0%72.2%70.4%71.7%69.4%66.1%67.1%66.6%-16.7%-22.2%-19.5%-34.4%-176.8%-179.7%-372.7%-842.1%-5331.4%-14185.0%-11641.5%-6808.1%378.3%18.5%-110.8%71.6%-46.1%-92.0%-293.1%-555.8%-3797.2%-10112.1%-10090.6%-6717.1%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$477M-$3.8B-806.3%-$75M-$15.23
FY Dec 2024$463M-$1.2B-251.7%-$56M-$6.06
FY Dec 2023$496M$429M86.5%$10M$2.64
FY Dec 2022$499M-$1.5B-294.4%$725,000-$12.98
FY Dec 2021$511M-$535M-104.8%$91M-$53.44

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.