Strategy Inc (MSTR)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Operating Cash Flow(8,310,000$)(34,913,000$)(2,389,000$)(17,324,000$)(40,966,000$)(23,329,000$)28,587,000$1,184,000$(7,397,000$)(18,472,000$)37,397,000$(18,198,000$)(1,454,000$)(20,819,000$)43,682,000$3,247,000$13,911,000$13,972,000$62,703,000$25,322,000$1,776,000$(2,548,000$)29,069,000$8,544,000$3,121,000$22,746,000$26,456,000$(12,621,000$)(79,000$)18,717,000$29,039,000$12,170,000$50,827,000$55,846,000$(1,721,000$)1,951,000$3,590,000$10,780,000$15,345,000$
Investing Cash Flow(4,959,877,000$)(6,787,299,000$)(7,670,400,000$)(18,075,333,000$)(1,575,499,000$)(794,551,000$)(1,640,854,000$)(1,214,687,000$)(163,134,000$)(347,642,000$)(179,774,000$)(45,261,000$)(6,310,000$)(10,878,000$)(216,141,000$)(591,882,000$)(420,405,000$)(530,126,000$)(1,086,822,000$)(702,489,000$)(315,114,000$)(501,000$)(589,000$)94,199,000$110,565,000$(21,370,000$)170,293,000$120,941,000$23,335,000$(288,914,000$)3,298,000$(6,819,000$)(34,166,000$)(35,124,000$)14,278,000$26,289,000$(106,616,000$)(16,061,000$)41,579,000$
Purchases of Property and Equipment2,797,000$2,094,000$2,737,000$284,000$426,000$723,000$1,545,000$347,000$1,453,000$639,000$499,000$635,000$332,000$878,000$641,000$824,000$540,000$895,000$447,000$2,489,000$0$501,000$661,000$800,000$950,000$2,421,000$6,011,000$2,389,000$1,813,000$1,350,000$1,294,000$1,700,000$815,000$647,000$820,000$777,000$625,000$742,000$193,000$132,000$98,000$1,719,000$1,535,000$544,000$7,672,000$2,508,000$1,676,000$1,024,000$
Financing Cash Flow4,972,382,000$6,810,155,000$7,694,305,000$18,086,574,000$1,594,236,000$803,431,000$1,648,400,000$1,213,861,000$150,114,000$338,289,000$187,622,000$45,137,000$1,564,000$11,196,000$207,291,000$595,516,000$408,082,000$488,829,000$1,049,258,000$682,097,000$(58,891,000$)(9,566,000$)(50,407,000$)(23,348,000$)3,606,000$329,000$(46,737,000$)(110,977,000$)0$(7,000$)(4,000$)(5,000$)(2,354,000$)1,771,000$565,000$(1,694,000$)(85,000$)(256,000$)(247,000$)
End Cash Position54,285,000$50,095,000$60,298,000$38,117,000$46,343,000$66,923,000$81,326,000$46,817,000$45,009,000$65,968,000$94,311,000$43,835,000$60,390,000$69,386,000$92,677,000$63,356,000$56,975,000$56,399,000$82,544,000$59,675,000$52,653,000$420,899,000$429,276,000$456,727,000$375,071,000$261,497,000$258,743,000$109,924,000$112,082,000$90,427,000$152,155,000$420,244,000$386,855,000$379,694,000$358,676,000$401,975,000$365,555,000$347,389,000$308,887,000$292,341,000$230,188,000$201,146,000$165,094,000$146,919,000$136,006,000$111,859,000$214,751,000$220,171,000$
Exchange Rate Effect(127,000$)1,931,000$845,000$(2,225,000$)1,633,000$(478,000$)(1,078,000$)1,441,000$(762,000$)(586,000$)351,000$2,222,000$(2,373,000$)(2,900,000$)(324,000$)(571,000$)(1,068,000$)1,191,000$(2,160,000$)1,945,000$3,993,000$2,717,000$(3,871,000$)2,552,000$(3,959,000$)1,166,000$(1,133,000$)460,000$(1,664,000$)2,202,000$1,230,000$1,746,000$2,306,000$(5,830,000$)602,000$
Dividends Paid139,780,000$48,954,000$9,188,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$
Unlevered Free Cash Flow(11,107,000$)(37,007,000$)(5,126,000$)(17,608,000$)(41,392,000$)(24,052,000$)27,042,000$837,000$(8,850,000$)(19,111,000$)36,898,000$(18,833,000$)(1,786,000$)(21,697,000$)43,041,000$2,423,000$13,371,000$13,077,000$62,256,000$22,833,000$1,776,000$(3,049,000$)28,408,000$7,744,000$2,171,000$20,325,000$20,445,000$(15,010,000$)(1,892,000$)17,423,000$27,339,000$11,355,000$50,634,000$54,311,000$(2,265,000$)(5,721,000$)1,082,000$9,104,000$14,321,000$