Strategy 8.00% Series A Perpetual Strike Preferred Stock (STRK) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STRK SEC filings page.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) reported $495.1M in revenue over the twelve months to Sep 30, 2026, up 4.2% 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).
Revenue barely changed while the balance sheet multiplied, leaving Strategy’s reported economics dominated by capital expansion and large losses.
From FY2022 to FY2025, revenue fell4.4% while total assets rose2457.4% , so the central shift was balance-sheet expansion rather than sales growth. In FY2025, operating cash flow was-$67.2M against a net loss of$3.8B ; that gap means the reported loss did not translate into a comparable cash outflow, making earnings quality dependent on non-cash or other accounting effects that these figures do not separate.
Gross margin fell from
FY2025 total assets were
Financial Health Signals
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 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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.
With a current ratio of 5.62, Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock holds $5.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.
Strategy Inc 8.00% Series A Perpetual Strike 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 12/100.
Strategy Inc 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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.
Strategy Inc 8.00% Series A Perpetual Strike 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
Earnings & Revenue
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock generated $125.4M in revenue in Q3 2026. This represents a decrease of 2.5% from the same quarter a year earlier. Against the prior quarter it is up 2.5%.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock's EBITDA was $20.9B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 437.1% 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.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock reported $19.5B in net income in Q3 2026. This represents an increase of 601.4% 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.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock earned $44.75 per diluted share (EPS) in Q3 2026. This represents an increase of 431.5% 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
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock generated $4.0M in free cash flow in Q3 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock held $2.5B in cash against $5.7B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock's gross margin was 71.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock's quarterly ROE was 35.2% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 29.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 61.8 percentage points.
Not shown for Q3 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock invested $24.1M in research and development in Q3 2026. This represents an increase of 6.5% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock invested $462K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 83.5% from the same quarter a year earlier. Against the prior quarter it is down 73.9%.
Not reported for Q3 2026.
STRK 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.4M-2.5% | $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% |
| Cost of Revenue | $35.8M-5.8% | $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% |
| Gross Profit | $89.6M-1.2% | $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% |
| R&D Expenses | $24.1M+6.5% | $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% |
| SG&A Expenses | $68.2M+0.1% | $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% |
| Operating Income | $20.9B+437.4% | -$8.3B-159.4% | -$14.5Bn/m | -$17.4Bn/m | $3.9Bn/m | $14.0Bn/m | -$5.9Bn/m | -$1.0Bn/m |
| EBITDA | $20.9B+437.1% | -$8.3B-159.2% | -$14.5Bn/m | -$17.4Bn/m | $3.9Bn/m | $14.0Bn/m | -$5.9Bn/m | -$1.0Bn/m |
| Interest Expense | $15.4M-19.1% | $15.6M-13.1% | N/A | $11.0M-33.2% | $19.0M+4.9% | $18.0M+16.2% | $17.1M+44.0% | $16.5M+38.0% |
| Income Tax | $1.4B+29.7% | $1.6M-100.0% | -$1.9Bn/m | -$5.0Bn/m | $1.1Bn/m | $4.0Bn/m | -$1.7Bn/m | -$355.9Mn/m |
| Net Income | $19.5B+601.4% | -$8.2B-182.0% | -$12.5Bn/m | -$12.4Bn/m | $2.8Bn/m | $10.0Bn/m | -$4.2Bn/m | -$670.8M-852.7% |
| EPS (Basic) | $47.78+413.8% | -$24.45-167.5% | -$38.25n/m | -$46.06n/m | $9.30 | $36.23 | -$16.49n/m | -$3.35 |
| EPS (Diluted) | $44.75+431.5% | -$24.45-175.0% | -$38.25n/m | -$42.94n/m | $8.42 | $32.60 | -$16.49n/m | -$3.35 |
| Diluted Shares (Avg) | 428M+35.7% | 353M+14.9% | 334M+30.2% | N/A | 315M | 307M | 256M+49.2% | N/A |
STRK 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $77.2B+4.8% | $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% |
| Current Assets | $6.1B+2754.7% | $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% |
| Cash & Equivalents | $2.5B+4508.0% | $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% |
| Short-Term Investments | $3.4Bn/m | $736.1Mn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $129.9M+14.6% | $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% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $8.7B-44.2% | $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% |
| Current Liabilities | $1.5B+366.3% | $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% |
| Non-Current Liabilities | $7.1B-52.9% | $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% |
| Long-Term Debt | $5.7B-30.6% | $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% |
| Total Equity | $55.4B+5.9% | $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% |
| Retained Earnings | $3.9B-79.2% | -$15.2B-193.1% | -$6.5B-201.9% | $6.3Bn/m | $18.9Bn/m | $16.3Bn/m | $6.4Bn/m | -$2.2Bn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill.
STRK 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.4Mn/m | -$4.1Mn/m | $14.0Mn/m | -$21.6Mn/m | -$8.3Mn/m | -$34.9Mn/m | -$2.4M-108.4% | -$17.3M-1563.2% |
| Depreciation & Amortization | $11.2M+167.9% | $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% |
| Stock-Based Compensation | $13.2M-14.9% | $14.3M-9.4% | $13.2M+11.5% | N/A | $15.5M | $15.7M | $11.8M-33.6% | N/A |
| Capital Expenditures | $462K-83.5% | $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% |
| Free Cash Flow | $4.0Mn/m | -$5.9Mn/m | $13.0Mn/m | -$22.2Mn/m | -$11.1Mn/m | -$37.0Mn/m | -$5.1M-119.0% | -$17.6M-2203.7% |
| Investing Cash Flow | -$2.9Bn/m | -$7.1Bn/m | -$7.3Bn/m | -$3.1Bn/m | -$5.0Bn/m | -$6.8Bn/m | -$7.7Bn/m | -$18.1Bn/m |
| Financing Cash Flow | $3.6B-26.6% | $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% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
STRK 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.5%+1.0pp | 66.6%-2.1pp | 67.1%-2.4pp | 66.1%-5.6pp | 70.5%+0.1pp | 68.8%-3.5pp | 69.4%-4.5pp | 71.7%-5.6pp |
| Operating Margin | 16670.9% | -6808.1% | -11641.5% | -14185.0% | 3023.4% | 12256.3% | -5331.4% | -842.1% |
| Net Margin | 15573.2% | -6717.1% | -10090.6% | -10112.1% | 2164.1% | 8752.7% | -3797.2% | -555.8% |
| Return on Equity | 35.2%+29.9pp | -26.6%-47.7pp | -34.2%-21.1pp | -28.2%-26.0pp | 5.3%+14.3pp | 21.1%+24.7pp | -13.1%-10.9pp | -2.2%-6.3pp |
| Return on Assets | 25.3%+21.5pp | -15.6%-31.1pp | -23.1%-13.5pp | -20.2%-17.6pp | 3.8%+7.9pp | 15.5%+16.9pp | -9.6%-8.8pp | -2.6%-4.5pp |
| Current Ratio | 4.04+3.4x | 5.39+4.7x | 6.05+5.4x | 5.62+4.9x | 0.660.0x | 0.68+0.2x | 0.66-0.1x | 0.71-0.1x |
| Debt-to-Equity | 0.10-0.1x | 0.220.0x | 0.220.0x | 0.180.0x | 0.16-1.0x | 0.17-1.1x | 0.25-1.2x | 0.23-0.8x |
| Liabilities-to-Equity | 0.16-0.1x | 0.70+0.4x | 0.24-0.1x | 0.24 | 0.30-0.9x | 0.30-1.2x | 0.32-1.3x | N/A |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| FCF Margin | 3.1%+11.8pp | -4.8%+27.5pp | 10.5%+15.1pp | -18.1%-3.5pp | -8.6%+27.0pp | -32.3%-10.7pp | -4.6%-28.1pp | -14.6%-15.3pp |
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 8.00% Series A Perpetual Strike Preferred Stock STRK | FY2025 | $477.2M | -$3.8B | N/A | N/A | 40/100 |
| TON Strategy Company TONX | FY2025 | $12.8M | -$148.5M | N/A | $176.2M | 71/100 |
| Youxin Technology Ltd YAAS | FY2025 | $539K | -$9.6M | N/A | $12.7M | — |
| Fusemachines Inc. FUSE | FY2025 | $7.7M | -$928K | -12.0% | $10.4M | 12/100 |
| Automatic Data Processing ADP | FY2026 | $21.9B | $4.4B | 20.1% | $122.3B | 64/100 |
| Snowflake Inc. SNOW | FY2026 | $4.7B | -$1.3B | -28.4% | $102.7B | 52/100 |
Where Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock Ranks
Frequently Asked Questions
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) revenue grew by 3.0% year-over-year, from $463.5M to $477.2M in fiscal year 2025.
No, Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) reported a net loss of $13.7B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $3.8B.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) had EBITDA of -$5.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) had $2.3B in cash and equivalents against $8.2B in long-term debt.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) has a return on equity of -8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) recorded an outflow of $67.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) had $61.6B in total assets as of fiscal year 2025, including both current and long-term assets.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) invested $93.9M in research and development during fiscal year 2025.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) had a current ratio of 5.62 as of fiscal year 2025, which is generally considered healthy.
Strategy Inc 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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 8.00% Series A Perpetual Strike Preferred Stock (STRK) 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.