Strategy Inc Financials
Strategy Inc (MSTR) reported $477.2M in revenue for fiscal year 2025, up 3.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet expansion, not the operating revenue base, is now the dominant mechanic shaping this company’s economics.
Across recent years, revenue stayed around$500M even as total assets climbed to$61.6B , so the company’s reported scale no longer comes from selling more through its operating business. Because operating cash flow was-$67.2M while financing inflow reached$24.8B in FY2025, that expansion was funded through external capital and balance-sheet accumulation, not cash generation from operations.
The operating business still looks structurally high-margin, with gross margin at
Short-term liquidity looks much stronger than it used to: cash reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Strategy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Strategy Inc's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 13/100.
Strategy Inc's revenue grew a modest 3.0% year-over-year to $477.2M. This slow but positive growth earns a score of 25/100.
Strategy Inc carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.62, Strategy Inc holds $5.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.
Strategy Inc's operations used $67.2M of cash, and capex of $8.2M added to the outflow, for a free cash flow shortfall of $75.5M. This results in a cash flow score of 15/100.
Strategy Inc posts a -8.7% return on equity (ROE), meaning it loses $9 for every $100 of shareholders' equity. This results in a returns score of 26/100. This is down from -3.8% the prior year.
Strategy Inc scores 2.25, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($41.4B) relative to total liabilities ($10.6B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Strategy Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Strategy Inc reported a net loss of $3.8B while operations used $67.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Strategy Inc generated $477.2M in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.
Strategy Inc's EBITDA was -$5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 195.3% from the prior year.
Strategy Inc reported -$3.8B in net income in fiscal year 2025. This represents a decrease of 229.8% from the prior year.
Strategy Inc earned -$15.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 151.3% from the prior year.
Cash & Balance Sheet
Strategy Inc recorded an outflow of $75.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 34.7% from the prior year.
Strategy Inc held $2.3B in cash against $8.2B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Strategy Inc's gross margin was 68.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.4 percentage points from the prior year.
Strategy Inc's ROE was -8.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Strategy Inc invested $93.9M in research and development in fiscal year 2025. This represents a decrease of 20.8% from the prior year.
Strategy Inc invested $8.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 175.8% from the prior year.
Not reported for fiscal year 2025.
MSTR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $498.3M | $477.2M+3.0% | $463.5M-6.6% | $496.3M-0.6% | $499.3M-2.3% | $510.8M+6.2% | $480.7M-1.1% | $486.3M-2.3% | $497.6M-1.2% | $503.8M-1.9% | $513.6M-3.1% | $529.9M-8.6% | $579.8M+0.7% | $575.9M+1.8% | $565.7M+5.3% | $537.2M |
| Cost of Revenue | $161.5M | $149.4M+15.4% | $129.5M+17.8% | $109.9M+6.8% | $103.0M+12.1% | $91.9M+0.9% | $91.1M-8.9% | $100.0M+0.5% | $99.5M+2.9% | $96.6M+3.8% | $93.1M-7.9% | $101.1M-25.2% | $135.2M-2.4% | $138.6M-1.8% | $141.1M+7.9% | $130.7M |
| Gross Profit | $336.9M | $327.8M-1.8% | $334.0M-13.5% | $386.3M-2.5% | $396.3M-5.4% | $418.9M+7.5% | $389.7M+0.9% | $386.4M-3.0% | $398.1M-2.2% | $407.2M-3.2% | $420.4M-1.9% | $428.8M-3.6% | $444.6M+1.7% | $437.3M+3.0% | $424.6M+4.5% | $406.5M |
| R&D Expenses | $93.1M | $93.9M-20.8% | $118.5M-1.7% | $120.5M-5.4% | $127.4M+8.8% | $117.1M+13.1% | $103.6M-5.4% | $109.4M+6.8% | $102.5M+30.1% | $78.8M+7.7% | $73.1M+12.2% | $65.2M-36.9% | $103.4M+5.4% | $98.1M+11.2% | $88.2M+30.0% | $67.9M |
| SG&A Expenses | $152.1M | $151.9M+8.1% | $140.5M+21.9% | $115.3M+3.5% | $111.4M+16.7% | $95.5M+19.2% | $80.1M-7.6% | $86.7M+0.7% | $86.1M+7.5% | $80.2M+0.9% | $79.5M-1.6% | $80.7M-16.2% | $96.3M-8.0% | $104.7M+12.2% | $93.4M+8.3% | $86.2M |
| Operating Income | -$36.4B | -$5.4B-193.8% | -$1.9B-1510.6% | -$115.0M+91.0% | -$1.3B-62.6% | -$784.5M-5658.0% | -$13.6M-1259.8% | -$1.0M-125.2% | $4.0M-94.6% | $73.2M-33.1% | $109.5M-18.3% | $134.0M+2525.8% | $5.1M-73.7% | $19.4M-41.3% | $33.1M+58.6% | $20.9M |
| Income Tax | -$5.9B | -$1.7B-118.6% | -$767.7M-38.7% | -$553.6M-475.8% | $147.3M+153.4% | -$275.9M-2119.9% | -$12.4M-418.0% | $3.9M+293.6% | -$2.0M-103.8% | $53.3M+134.8% | $22.7M-28.9% | $31.9M+430.8% | $6.0M+161.4% | -$9.8M-200.7% | $9.7M+186.9% | $3.4M |
| Net Income | -$30.4B | -$3.8B-229.8% | -$1.2B-371.9% | $429.1M+129.2% | -$1.5B-174.5% | -$535.5M-7017.0% | -$7.5M-121.9% | $34.4M+52.7% | $22.5M+23.7% | $18.2M-80.3% | $92.2M-12.9% | $105.9M+2003.9% | $5.0M-94.0% | $83.3M+305.6% | $20.5M+14.5% | $17.9M |
| EPS (Diluted) | — | -$15.23-151.3% | -$6.06-329.5% | $2.64+120.3% | -$12.98 | -$53.44-6751.3% | -$0.78-123.4% | $3.33+69.0% | $1.97+24.7% | $1.58-80.3% | $8.01-12.7% | $9.18+1986.4% | $0.44-94.0% | $7.37+300.5% | $1.84+13.6% | $1.62 |
Not reported in any period shown, so not listed: Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MSTR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $61.6B+138.5% | $25.8B+442.6% | $4.8B+97.6% | $2.4B-32.2% | $3.6B+142.7% | $1.5B+59.9% | $916.6M+7.1% | $855.8M-8.3% | $933.2M+21.5% | $768.3M+17.0% | $656.9M+17.6% | $558.8M-4.6% | $585.5M+22.5% | $477.9M+5.3% | $453.9M |
| Current Assets | $2.6B+916.2% | $252.3M-5.8% | $267.9M+1.3% | $264.6M-1.3% | $268.0M-1.7% | $272.6M-63.8% | $753.4M-3.2% | $778.4M-9.6% | $860.7M+25.6% | $685.0M+21.2% | $565.3M+22.3% | $462.4M-3.7% | $479.9M+32.6% | $362.0M+5.5% | $343.2M |
| Cash & Equivalents | $2.3B+5937.9% | $38.1M-18.6% | $46.8M+6.8% | $43.8M-30.8% | $63.4M+6.2% | $59.7M-86.9% | $456.7M+315.5% | $109.9M-73.8% | $420.2M+4.5% | $402.0M+37.5% | $292.3M+99.0% | $146.9M-33.3% | $220.2M-1.9% | $224.4M+12.4% | $199.6M |
| Accounts Receivable | $205.7M+13.5% | $181.2M-1.4% | $183.8M-2.9% | $189.3M0.0% | $189.3M-4.1% | $197.5M+20.8% | $163.5M-4.6% | $171.4M+3.6% | $165.4M+98.5% | $83.3M+22.3% | $68.2M-13.3% | $78.6M-8.8% | $86.2M-3.2% | $89.0M-6.0% | $94.7M |
| Total Liabilities | $10.6B+306.5% | -$5.1B-297.6% | $2.6B-7.0% | $2.8B+8.3% | $2.6B+182.5% | $912.6M+123.7% | $408.0M+25.1% | $326.0M-0.4% | $327.5M+51.5% | $216.1M+7.2% | $201.6M-14.0% | $234.3M-14.8% | $275.2M-0.9% | $277.6M-2.5% | $284.9M |
| Current Liabilities | $456.5M+28.5% | $355.4M+9.9% | $323.3M+1.8% | $317.4M+1.7% | $312.0M+9.2% | $285.6M+5.9% | $269.8M+4.5% | $258.3M-4.7% | $270.9M+46.1% | $185.5M+7.4% | $172.7M-12.5% | $197.3M-15.5% | $233.5M+6.6% | $219.2M+0.3% | $218.4M |
| Long-Term Debt | $8.2B+13.5% | $7.2B+229.6% | $2.2B-8.3% | $2.4B+10.4% | $2.2B+343.1% | $486.4M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $44.1B+42.4% | $31.0B+1330.8% | $2.2B+665.1% | -$383.1M-139.1% | $979.0M+119.4% | $446.2M-12.3% | $508.6M-4.0% | $529.7M-12.5% | $605.7M+7.0% | $566.3M+24.4% | $455.3M+40.3% | $324.5M+4.6% | $310.3M+54.9% | $200.3M+18.5% | $169.0M |
| Retained Earnings | $6.3B+391.7% | -$2.2B-116.9% | -$999.2M+30.0% | -$1.4B-3546.6% | $41.4M-92.8% | $576.0M-1.3% | $583.5M+6.3% | $549.1M+4.3% | $526.6M+6.6% | $494.1M+22.5% | $403.2M+35.6% | $297.3M+1.7% | $292.2M+39.9% | $208.9M+10.9% | $188.4M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
MSTR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.1M | -$67.2M-26.8% | -$53.0M-517.2% | $12.7M+295.9% | $3.2M-96.6% | $93.8M+75.0% | $53.6M-11.9% | $60.9M+472.8% | $10.6M-86.4% | $78.3M-29.2% | $110.6M-26.1% | $149.7M+925.3% | $14.6M-51.2% | $29.9M-40.0% | $49.9M-18.0% | $60.8M |
| Capital Expenditures | $6.1M | $8.2M+175.8% | $3.0M+1.4% | $2.9M+18.2% | $2.5M-8.1% | $2.7M-25.9% | $3.7M-64.1% | $10.2M+48.7% | $6.8M+71.9% | $4.0M+70.4% | $2.3M-32.9% | $3.5M-71.9% | $12.4M+12.3% | $11.0M-62.7% | $29.6M-19.3% | $36.7M |
| Free Cash Flow | -$26.2M | -$75.5M-34.7% | -$56.0M-673.1% | $9.8M+1248.1% | $725K-99.2% | $91.1M+82.4% | $50.0M-1.4% | $50.7M+1240.5% | $3.8M-94.9% | $74.3M-31.3% | $108.3M-26.0% | $146.2M+6546.1% | $2.2M-88.4% | $18.9M-6.8% | $20.3M-16.0% | $24.1M |
| Investing Cash Flow | -$22.4B | -$22.5B-1.9% | -$22.1B-1059.2% | -$1.9B-583.9% | -$278.6M+89.4% | -$2.6B-158.1% | -$1.0B-388.0% | $353.7M+269.2% | -$209.1M-199.8% | -$69.7M-1705.2% | $4.3M+156.6% | -$7.7M+90.6% | -$82.1M-49.5% | -$54.9M-53.3% | -$35.8M+1.0% | -$36.2M |
| Financing Cash Flow | $24.1B | $24.8B+12.2% | $22.1B+1071.1% | $1.9B+612.7% | $265.2M-89.6% | $2.5B+351.3% | $563.2M+951.4% | -$66.2M+39.0% | -$108.5M-6652.8% | $1.7M+264.9% | -$1.0M-110.9% | $9.2M+724.4% | -$1.5M-106.8% | $21.6M+121.7% | $9.8M+296.2% | $2.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $123.2M+69.5% | $72.7M-34.5% | $111.0M | $0 | $0 | N/A | N/A | N/A | $0 | $0 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MSTR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.7%-3.4pp | 72.1%-5.8pp | 77.8%-1.5pp | 79.4%-2.6pp | 82.0%+1.0pp | 81.1%+1.6pp | 79.4%-0.6pp | 80.0%-0.8pp | 80.8%-1.0pp | 81.9%+0.9pp | 80.9%+4.2pp | 76.7%+0.7pp | 75.9%+0.9pp | 75.1%-0.6pp | 75.7% |
| Operating Margin | -1140.8% | -399.8% | -23.2% | -255.5% | -153.6% | -2.8%-2.6pp | -0.2%-1.0pp | 0.8%-13.7pp | 14.5%-6.8pp | 21.3%-4.0pp | 25.3%+24.4pp | 0.9%-2.5pp | 3.4%-2.5pp | 5.9%+2.0pp | 3.9% |
| Net Margin | -806.3% | -251.7% | 86.5% | -294.4% | -104.8% | -1.6%-8.6pp | 7.1%+2.5pp | 4.5%+0.9pp | 3.6%-14.4pp | 18.0%-2.0pp | 20.0%+19.1pp | 0.9%-13.6pp | 14.5%+10.8pp | 3.6%+0.3pp | 3.3% |
| Return on Equity | -8.7%-5.0pp | -3.8%-23.6pp | 19.8% | N/A | -54.7%-53.0pp | -1.7%-8.4pp | 6.8%+2.5pp | 4.3%+1.3pp | 3.0%-13.3pp | 16.3%-7.0pp | 23.3%+21.7pp | 1.6%-25.3pp | 26.9%+16.6pp | 10.3%-0.4pp | 10.6% |
| Return on Assets | -6.2%-1.7pp | -4.5%-13.5pp | 9.0%+70.0pp | -61.0%-45.9pp | -15.0%-14.5pp | -0.5%-4.3pp | 3.8%+1.1pp | 2.6%+0.7pp | 1.9%-10.1pp | 12.0%-4.1pp | 16.1%+15.2pp | 0.9%-13.3pp | 14.2%+9.9pp | 4.3%+0.3pp | 4.0% |
| Current Ratio | 5.62+4.9x | 0.71-0.1x | 0.830.0x | 0.830.0x | 0.86-0.1x | 0.95-1.8x | 2.79-0.2x | 3.01-0.2x | 3.18-0.5x | 3.69+0.4x | 3.27+0.9x | 2.34+0.3x | 2.06+0.4x | 1.65+0.1x | 1.57 |
| Debt-to-Equity | 0.180.0x | 0.23-0.8x | 1.01 | N/A | 2.20+1.1x | 1.09+0.3x | 0.80+0.2x | 0.62+0.1x | 0.54+0.2x | 0.38-0.1x | 0.44-0.3x | 0.72-0.2x | 0.89-0.5x | 1.39-0.3x | 1.69 |
| FCF Margin | -15.8%-3.7pp | -12.1%-14.1pp | 2.0%+1.8pp | 0.1%-17.7pp | 17.8%+7.4pp | 10.4%0.0pp | 10.4%+9.7pp | 0.8%-14.0pp | 14.8%-6.3pp | 21.1%-6.5pp | 27.6%+27.2pp | 0.4%-2.9pp | 3.3%-0.3pp | 3.6%-0.9pp | 4.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Strategy Inc Ranks
Frequently Asked Questions
What is Strategy Inc's annual revenue?
Strategy Inc (MSTR) reported $477.2M in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Strategy Inc's revenue growing?
Strategy Inc (MSTR) revenue grew by 3.0% year-over-year, from $463.5M to $477.2M in fiscal year 2025.
Is Strategy Inc profitable?
No, Strategy Inc (MSTR) reported a net income of -$3.8B in fiscal year 2025.
What is Strategy Inc's EBITDA?
Strategy Inc (MSTR) had EBITDA of -$5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Strategy Inc have?
As of fiscal year 2025, Strategy Inc (MSTR) had $2.3B in cash and equivalents against $8.2B in long-term debt.
What is Strategy Inc's gross margin?
Strategy Inc (MSTR) had a gross margin of 68.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Strategy Inc's return on equity (ROE)?
Strategy Inc (MSTR) has a return on equity of -8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Strategy Inc's free cash flow?
Strategy Inc (MSTR) recorded an outflow of $75.5M in free cash flow during fiscal year 2025. This represents a -34.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Strategy Inc's operating cash flow?
Strategy Inc (MSTR) recorded an outflow of $67.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Strategy Inc's total assets?
Strategy Inc (MSTR) had $61.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Strategy Inc's capital expenditures?
Strategy Inc (MSTR) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Strategy Inc spend on research and development?
Strategy Inc (MSTR) invested $93.9M in research and development during fiscal year 2025.
What is Strategy Inc's current ratio?
Strategy Inc (MSTR) had a current ratio of 5.62 as of fiscal year 2025, which is generally considered healthy.
What is Strategy Inc's debt-to-equity ratio?
Strategy Inc (MSTR) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Strategy Inc's return on assets (ROA)?
Strategy Inc (MSTR) had a return on assets of -6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Strategy Inc's cash runway?
Based on fiscal year 2025 data, Strategy Inc (MSTR) had $2.3B in cash against an annual operating cash burn of $67.2M. This gives an estimated cash runway of approximately 411 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Strategy Inc's Altman Z-Score?
Strategy Inc (MSTR) has an Altman Z-Score of 2.25, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Strategy Inc's Piotroski F-Score?
Strategy Inc (MSTR) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Strategy Inc's earnings high quality?
Strategy Inc (MSTR) reported a net loss of $3.8B while operations used $67.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Strategy Inc?
Strategy Inc (MSTR) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.