Also trades as: MSTR (NASDAQ) · $vol 3238M · STRC (NASDAQ) · $vol 195M · STRK (NASDAQ) · $vol 8M · MSTR.TO (TSX) · $vol 3M · 0A7O.L (LSE) · $vol 2M
STRD NASDAQ
Strategy Inc
1W: -2.0%
1M: -5.7%
3M: +16.2%
YTD: -8.0%
1Y: -12.0%
$69.87
+0.32 (+0.46%)
After Hours: $70.19 (+0.32, +0.46%)
Weekly Expected Move ±2.0%
$67
$68
$70
$71
$72
Credit Risk of going bust: higher than 70% of companies Debt: 10.7% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.31 (down 98%), Strategy Inc would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $56.27B.
Distance to default 3.42 (Merton model): prices to 2026-10-26, 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.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $1.31 (down 98%), Strategy Inc would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $56.27B.
Distance to default 3.42 (Merton model): prices to 2026-10-26, 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.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
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Analysis
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Institutions
ETF Exposure
Dark Pool
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Supply Chain
Cash Flow Trends
Operating Cash Flow
$0
+100.0% ▲
Capital Expenditures
$0
+100.0% ▲
Free Cash Flow
$0
+100.0% ▲
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
-$40M
-354.6% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$535M | -$1.5B | $429M | -$1.2B | -$3.8B |
| Depreciation & Amort. | $11M | $11M | $15M | $18M | $0 |
| Stock-Based Comp. | $44M | $64M | $70M | $77M | $0 |
| Change in Working Capital | $11M | -$37M | -$21M | -$43M | $0 |
| Other Non-Cash Items | $848M | $1.3B | $90M | $1.8B | $3.8B |
| Operating Cash Flow | $94M | $3M | $13M | -$53M | $0 |
| — Investing Activities — | |||||
| Capital Expenditures | -$3M | -$2M | -$3M | -$13M | $0 |
| Acquisitions (Net) | $0 | $0 | $0 | $0 | $0 |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | -$2.6B | -$276M | -$1.9B | -$22.1B | $0 |
| Investing Cash Flow | -$2.6B | -$279M | -$1.9B | -$22.1B | $0 |
| — Financing Activities — | |||||
| Net Debt Issuance | $1.6B | $216M | -$161M | $5.7B | $0 |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | -$8M | $3M | $21M | $72M | $0 |
| Financing Cash Flow | $2.5B | $265M | $1.9B | $22.1B | $0 |
| Net Change in Cash | $4M | -$14M | -$2M | -$9M | -$40M |
| Cash End of Period | $64M | $51M | $49M | $40M | $0 |
| Free Cash Flow | -$2.5B | -$287M | -$1.9B | -$22.1B | $0 |