Also trades as: STRC (NASDAQ) · $vol 195M · STRD (NASDAQ) · $vol 9M · STRK (NASDAQ) · $vol 8M · MSTR.TO (TSX) · $vol 3M · 0A7O.L (LSE) · $vol 2M
MSTR NASDAQ
Strategy Inc
1W: -0.9%
1M: -10.0%
3M: +51.5%
YTD: -10.0%
1Y: -51.1%
3Y: +306.3%
5Y: +94.4%
$141.40
+1.58 (+1.13%)
Weekly Expected Move ±9.6%
$118
$132
$146
$160
$174
Credit Risk of going bust: higher than 70% of companies Debt: 10.6% of company value Bonds: $319.8M held by 69 funds → details ▾
Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.63 (down 98%), Strategy Inc would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $56.90B.
Distance to default 3.43 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $3.37B (short-term plus half of long-term), stock volatility 81.0%; Altman Z'' 3.12. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.63 (down 98%), Strategy Inc would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $56.90B.
Distance to default 3.43 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $3.37B (short-term plus half of long-term), stock volatility 81.0%; Altman Z'' 3.12. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$477M
+3.0% ▲
5Y CAGR: -0.1%
Gross Profit
$328M
-1.8% ▼
5Y CAGR: -3.4%
Operating Income
-$5.4B
-193.8% ▼
Net Income
-$4.0B
-245.6% ▼
EPS (Diluted)
$-15.23
-151.3% ▼
EBITDA
-$5.4B
-193.2% ▼
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $511M | $499M | $496M | $463M | $477M |
| YoY Growth | +6.2% | -2.3% | -0.6% | -6.6% | +3.0% |
| Cost of Revenue | $92M | $103M | $110M | $129M | $149M |
| Gross Profit | $419M | $396M | $386M | $334M | $328M |
| Gross Margin | 82.0% | 79.4% | 77.8% | 72.1% | 68.7% |
| R&D Expenses | $117M | $127M | $121M | $118M | $94M |
| SG&A Expenses | $256M | $258M | $265M | $279M | $275M |
| Operating Expenses | $1.2B | $1.7B | $501M | $2.2B | $5.8B |
| Operating Income | -$785M | -$1.3B | -$115M | -$1.9B | -$5.4B |
| Operating Margin | -153.6% | -255.5% | -23.2% | -399.8% | -1140.8% |
| Interest Expense | $29M | $53M | $49M | $62M | $65M |
| Income Before Tax | -$811M | -$1.3B | -$125M | -$1.9B | -$5.5B |
| Tax Expense | -$276M | $147M | -$554M | -$768M | -$1.7B |
| Net Income | -$535M | -$1.5B | $429M | -$1.2B | -$4.0B |
| Net Margin | -104.8% | -294.4% | 86.5% | -251.7% | -844.8% |
| EPS (Diluted) | $-5.34 | $-12.98 | $2.64 | $-6.06 | $-15.23 |
| EBITDA | -$771M | -$1.3B | -$61M | -$1.9B | -$5.4B |
| Shares Outstanding | 100M | 113M | 166M | 193M | 294M |