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Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) Financials

STRC NASDAQ
Trailing 12 months to June 30, 2026
Revenue $498.3M +7.8% YoY
Net Income -$30.4B -734.6% YoY
EPS (Diluted) -$97.22 -980.6% YoY
Free Cash Flow -$26.2M n/m YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STRC SEC filings page.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported $498.3M in revenue over the twelve months to Jun 30, 2026, up 7.8% from the prior twelve months. 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).

Rhea AI STRC FY2025

The reported entity now holds an asset-heavy, lightly leveraged balance sheet, while operating cash generation remains tiny beside its accounting swings.

In FY2023, net income was $429M while operating cash flow was only $12.7M, so reported earnings converted weakly into cash. By FY2025, the entity reported a net loss of $3.85B but operating cash flow of just -$67.2M, indicating that accounting effects—not day-to-day cash generation—drive much of the earnings volatility.

Revenue was $496M in FY2023 and $477M in FY2025, showing little sales expansion. Meanwhile, assets reached $61.6B in FY2025, making balance-sheet movements more informative than conventional operating margins.

FY2025 investing cash flow was -$22.5B while financing cash flow was $24.8B, showing that the enlarged asset base was built through financing activity rather than operating cash. Debt-to-equity was 0.2x and liabilities were 17.2% of assets, while the current ratio improved from 0.8x in FY2023 to 5.6x in FY2025.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 40 / 100
Financial Health Score 40/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Variable Rate Series A Perpetual Stretch Preferred Stock'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.

Profitability
11

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock'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 11/100.

Growth
24

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's revenue grew a modest 3.0% year-over-year to $477.2M. This slow but positive growth earns a score of 24/100.

Leverage
77

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock 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 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
93

With a current ratio of 5.62, Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock holds $5.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.

Cash Flow
13

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock'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 13/100.

Returns
23

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock 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 23/100. This is down from -3.8% the prior year.

Piotroski F-Score Partial
3/8

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock 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.

Earnings Quality No Cash Backing
N/A

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock 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.

Interest Coverage At Risk
N/A

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock reported an operating loss of $5.4B against $65.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$122.4M
YoY+6.9%
QoQ-1.6%
5Y CAGR-0.5%
10Y CAGR-0.1%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock generated $122.4M in revenue in Q2 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is down 1.6%.

EBITDA
-$8.3B
YoY-159.2%
QoQn/m
5Y CAGRn/m

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's EBITDA was -$8.3B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 159.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Net Income
-$8.2B
YoY-182.0%
QoQn/m
5Y CAGRn/m

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock reported a net loss of $8.2B in Q2 2026. This represents a decrease of 182.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)
-$24.45
YoY-175.0%
QoQn/m

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock earned -$24.45 per diluted share (EPS) in Q2 2026. This represents a decrease of 175.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow
-$5.9M
YoYn/m
QoQ-145.3%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock recorded an outflow of $5.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 145.3%.

Cash & Debt
$1.7B
YoY+3317.2%
QoQ-22.4%
5Y CAGR+97.9%
10Y CAGR+17.3%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock held $1.7B in cash against $6.7B in long-term debt as of Q2 2026.

Shares Outstanding
Diluted avg 353M

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock had a weighted average of 353M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
66.6%
YoY-2.1pp
QoQ-0.4pp
5Y change-15.0pp
10Y change-13.8pp

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's gross margin was 66.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Return on Equity
-26.6%
YoY-47.7pp
QoQ+7.6pp

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock's quarterly ROE was -26.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 47.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.6 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending
$23.1M
YoY-4.0%
QoQ-6.3%
5Y CAGR-4.1%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock invested $23.1M in research and development in Q2 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 6.3%.

Capital Expenditures
$1.8M
YoY-15.6%
QoQ+85.6%
5Y CAGR+14.6%
10Y CAGR+9.1%

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock invested $1.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 85.6%.

Share Buybacks

Not reported for Q2 2026.

STRC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STRC quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$122.4M+6.9%$124.3M+11.9%$123.0M+1.9%$128.7M+10.9%$114.5M+2.7%$111.1M-3.6%$120.7M-3.0%$116.1M-10.3%
Cost of Revenue$40.8M+14.2%$40.9M+20.5%$41.7M+22.0%$38.0M+10.7%$35.8M+15.6%$34.0M+13.2%$34.2M+21.1%$34.3M+28.8%
Gross Profit$81.5M+3.6%$83.4M+8.1%$81.3M-6.0%$90.7M+11.0%$78.7M-2.2%$77.1M-9.5%$86.5M-10.1%$81.7M-20.5%
R&D Expenses$23.1M-4.0%$24.7M+1.0%$22.8M-11.4%$22.6M-32.1%$24.1M-20.6%$24.4M-16.3%$25.7M-14.8%$33.3M+12.3%
SG&A Expenses$74.0M+5.5%$73.6M+8.2%$68.5M-3.8%$68.1M-1.2%$70.2M-0.3%$68.1M-0.1%$71.2M+2.2%$68.9M+6.3%
Operating Income-$8.3B-159.4%-$14.5Bn/m-$17.4Bn/m$3.9Bn/m$14.0Bn/m-$5.9Bn/m-$1.0Bn/m-$432.6Mn/m
EBITDA-$8.3B-159.2%-$14.5Bn/m-$17.4Bn/m$3.9Bn/m$14.0Bn/m-$5.9Bn/m-$1.0Bn/m-$426.6Mn/m
Interest Expense$15.6M-13.1%N/A$11.0M-33.2%$18.9M+4.2%$18.0M+16.2%$17.1M+44.0%$16.5M+38.0%$18.1M+64.7%
Income Tax$1.6M-100.0%-$1.9Bn/m-$5.0Bn/m$1.1Bn/m$4.0Bn/m-$1.7Bn/m-$355.9Mn/m-$138.5M-226.4%
Net Income-$8.2B-182.0%-$12.5Bn/m-$12.4Bn/m$2.8Bn/m$10.0Bn/m-$4.2Bn/m-$670.8M-852.7%-$340.2Mn/m
EPS (Basic)-$24.45-167.5%-$38.25n/m-$46.06n/m$9.30$36.23-$16.49n/m-$3.35-$1.72n/m
EPS (Diluted)-$24.45-175.0%-$38.25n/m-$42.94n/m$8.42$32.60-$16.49n/m-$3.35-$1.72n/m
Diluted Shares (Avg)353M+14.9%334M+30.2%N/A315M307M256M+49.2%N/A197M+38.7%

STRC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STRC quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$52.6B-18.9%$54.3B+23.6%$61.6B+138.5%$73.6B+782.3%$64.8B+818.4%$43.9B+591.5%$25.8B+442.6%$8.3B+147.3%
Current Assets$2.7B+1150.2%$2.4B+1074.4%$2.6B+916.2%$214.0M+15.0%$213.5M+2.5%$203.6M-15.7%$252.3M-5.8%$186.0M-6.8%
Cash & Equivalents$1.7B+3317.2%$2.2B+3560.5%$2.3B+5937.9%$54.3M+17.1%$50.1M-25.1%$60.3M-25.9%$38.1M-18.6%$46.3M+3.0%
Short-Term Investments$736.1Mn/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Accounts Receivable$123.8M+5.0%$122.3M+16.9%$205.7M+13.5%$113.4M+5.8%$117.9M+5.0%$104.6M-9.2%$181.2M-1.4%$107.2M-16.7%
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Total Liabilities$21.7B+50.5%$8.6B-16.9%$10.6Bn/m$15.5B+239.2%$14.4B+241.4%$10.4B+163.0%-$5.1B-297.6%$4.6B+80.4%
Current Liabilities$495.1M+57.4%$395.1M+28.0%$456.5M+28.5%$324.1M+12.5%$314.6M-29.5%$308.7M-0.4%$355.4M+9.9%$288.1M+7.6%
Non-Current Liabilities$21.2B+50.4%$8.2B-18.3%$10.1Bn/m$15.2B+254.5%$14.1B+273.5%$10.1B+176.9%-$5.5B-341.3%$4.3B+89.0%
Long-Term Debt$6.7B-18.3%$8.2B+0.3%$8.2B+13.5%$8.2B+94.1%$8.2B+120.4%$8.1B+128.7%$7.2B+229.6%$4.2B+93.2%
Total Equity$30.9B-34.9%$36.7B+13.7%$44.1B+42.4%$52.3B+1286.7%$47.5B+1574.8%$32.2B+1242.5%$31.0B+1330.8%$3.8B+349.0%
Retained Earnings-$15.2B-193.1%-$6.5B-201.9%$6.3Bn/m$18.9Bn/m$16.3Bn/m$6.4Bn/m-$2.2Bn/m-$1.5Bn/m

Not reported in any period shown, so not listed: Inventory, Goodwill.

STRC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STRC quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$4.1Mn/m$14.0Mn/m-$21.6Mn/m-$8.3Mn/m-$34.9Mn/m-$2.4M-108.4%-$17.3M-1563.2%-$41.0Mn/m
Depreciation & Amortization$12.4M+35.5%$8.8M+33.6%$5.6M+9.7%$4.2M-29.8%$9.1M+149.7%$6.6M+115.6%$5.1M+0.1%$6.0M+117.9%
Stock-Based Compensation$14.3M-9.4%$13.2M+11.5%N/AN/A$15.7M$11.8M-33.6%N/AN/A
Capital Expenditures$1.8M-15.6%$952K-65.2%$584K+105.6%$2.8M+556.6%$2.1M+189.6%$2.7M+77.2%$284K-18.2%$426K-70.7%
Free Cash Flow-$5.9Mn/m$13.0Mn/m-$22.2Mn/m-$11.1Mn/m-$37.0Mn/m-$5.1M-119.0%-$17.6M-2203.7%-$41.4Mn/m
Investing Cash Flow-$7.1Bn/m-$7.3Bn/m-$3.1Bn/m-$5.0Bn/m-$6.8Bn/m-$7.7Bn/m-$18.1Bn/m-$1.6Bn/m
Financing Cash Flow$6.6B-2.7%$7.1B-7.1%$5.4B-70.3%$5.0B+211.9%$6.8B+747.6%$7.7B+366.8%$18.1B+1390.0%$1.6B+962.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

STRC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STRC quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin66.6%-2.1pp67.1%-2.4pp66.1%-5.6pp70.5%+0.1pp68.8%-3.5pp69.4%-4.5pp71.7%-5.6pp70.4%-9.0pp
Operating Margin-6808.1%-11641.5%-14185.0%3023.4%12256.3%-5331.4%-842.1%-372.7%
Net Margin-6717.1%-10090.6%-10112.1%2164.1%8752.7%-3797.2%-555.8%-293.1%
Return on Equity-26.6%-47.7pp-34.2%-21.1pp-28.2%-26.0pp5.3%+14.3pp21.1%+24.7pp-13.1%-10.9pp-2.2%-6.3pp-9.0%+8.1pp
Return on Assets-15.6%-31.1pp-23.1%-13.5pp-20.2%-17.6pp3.8%+7.9pp15.5%+16.9pp-9.6%-8.8pp-2.6%-4.5pp-4.1%+0.2pp
Current Ratio5.39+4.7x6.05+5.4x5.62+4.9x0.660.0x0.68+0.2x0.66-0.1x0.71-0.1x0.65-0.1x
Debt-to-Equity0.220.0x0.220.0x0.180.0x0.16-1.0x0.17-1.1x0.25-1.2x0.23-0.8x1.12-1.5x
Liabilities-to-Equity0.70+0.4x0.24-0.1x0.240.30-0.9x0.30-1.2x0.32-1.3xN/A1.21-1.8x
Asset Turnover0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.010.0x
FCF Margin-4.8%+27.5pp10.5%+15.1pp-18.1%-3.5pp-8.6%+27.0pp-32.3%-10.7pp-4.6%-28.1pp-14.6%-15.3pp-35.7%-28.8pp

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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock STRC FY2025 $477.2M -$3.8B N/A N/A 40/100
SAP SE SAP FY2025 $43.2B $8.4B 19.5% $271.3B 72/100
Shopify Inc. SHOP FY2025 $11.6B $1.2B 10.7% $202.6B 69/100
Salesforce, Inc. CRM FY2026 $41.5B $7.5B 18.0% $188.6B 61/100
Uber Technologies, Inc. UBER FY2025 $52.0B $10.1B 19.3% $133.3B 55/100
Automatic Data Processing ADP FY2026 $21.9B $4.4B 20.1% $116.2B 63/100

Frequently Asked Questions

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) 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.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) revenue grew by 3.0% year-over-year, from $463.5M to $477.2M in fiscal year 2025.

No, Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported a net loss of $30.4B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $3.8B.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported diluted earnings per share of -$15.23 for fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had EBITDA of -$5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had $2.3B in cash and equivalents against $8.2B in long-term debt.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had a gross margin of 68.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) has a return on equity of -8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) recorded an outflow of $75.5M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) recorded an outflow of $67.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had $61.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) invested $93.9M in research and development during fiscal year 2025.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had a current ratio of 5.62 as of fiscal year 2025, which is generally considered healthy.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had a debt-to-equity ratio of 0.18 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had a liabilities-to-equity ratio of 0.24 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) had a return on assets of -6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) 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.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) 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.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported an operating loss of $5.4B against $65.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average 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.

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