Strategy Inc

NasdaqGS-MSTR

Assets	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Cash and Cash Equivalents	56.2	39.9	48.7	50.9	64.4	60.8	457.8	110.8	421.2	402.7	293
Cash and Cash Equivalents
Restricted Cash and Short-Term Investments
Restricted Cash
Short-Term Investments	—	—	—	—	—	—	108.9	466.2	254.9	187.4	193.3
Short-Term Investments
Total Cash and Cash Equivalents	56.2	39.9	48.7	50.9	64.4	60.8	566.7	577	676.1	590.1	486.3
Accounts Receivable	113.4	181.2	183.8	189.3	189.3	197.5	163.5	171.4	165.4	83.3	68.2
Accounts Receivable, Net
Total Trade Receivables	113.4	181.2	183.8	189.3	189.3	197.5	163.5	171.4	165.4	83.3	68.2
Other Current Assets	44.3	31.2	35.4	24.4	14.3	14.4	23.2	30.1	19.2	11.5	10.9
Prepaid Expenses and Other Current Assets
Deferred Tax Assets, Net
Assets Held-for-Sale
Total Current Assets	214	252.3	267.9	264.6	268	272.6	753.4	778.4	860.7	685	565.3
Total Current Assets
Net Property, Plant & Equipment	79.2	80.9	86.3	93.6	103.3	116.6	135.7	51.9	53.4	57.4	65.7
Property and Equipment, Net
Right-of-Use Assets
Net Intangible Assets	—	—	—	—	—	—	—	—	2.5	8.5	15.9
Capitalized Software Development Costs, Net
Long-Term Investments	73,205.7	23,909.4	3,626.5	1,840	2,850.2	1,054.3	—	—	—	—	—
Digital Assets
Other Long-Term Assets	120.2	1,601.1	781.9	212.1	335.6	22.1	27.4	25.5	16.7	17.4	10.1
Deposits and Other Assets
Deferred Tax Assets, Net
Total Assets	73,619	25,843.7	4,762.5	2,410.3	3,557.1	1,465.6	916.6	855.8	933.2	768.3	656.9
Total Assets

Liabilities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Accounts Payable	48.7	53	43.1	43	46.1	44.8	33.9	33.7	30.7	36.6	31.8
Accounts Payable, Accrued Expenses, and Operating Lease Liabilities
Accrued Expenses	74.4	63.9	51.5	56.5	56	49.5	48.8	48	41.5	43.3	40.1
Accrued Compensation and Employee Benefits
Accrued Restructuring Costs
Accrued Interest
Current Portion of Long-Term Debt	0.3	0.5	0.5	0.5	—	—	—	—	—	—	—
Current Portion of Long-Term Debt, Net
Unearned Revenue	200.6	238	228.2	217.4	209.9	191.3	187.1	176.5	198.7	105.5	100.7
Deferred Revenue and Advance Payments
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities
Liabilities Held-for-Sale
Total Current Liabilities	324.1	355.4	323.3	317.4	312	285.6	269.8	258.3	270.9	185.5	172.7
Total Current Liabilities
Long-Term Debt	8,173.6	7,191.2	2,182.1	2,378.6	2,155.2	486.4	—	—	—	—	—
Long-Term Debt, Net
Leases	48.2	56.4	61.1	67.3	76.6	84.3	103.4	—	—	—	—
Operating Lease Liabilities
Other Long-Term Liabilities	6,956.2	10.8	31.1	30.1	34.4	56.3	34.8	67.8	56.6	30.7	29
Deferred Revenue and Advance Payments
Other Long-Term Liabilities
Deferred Tax Liabilities
Total Long-Term Liabilities	15,177.9	7,258.3	2,274.3	2,476	2,266.2	626.9	138.2	67.8	56.6	30.7	29
Total Liabilities	15,502	7,613.7	2,597.6	2,793.4	2,578.2	912.6	408	326	327.5	216.1	201.6
Total Liabilities

Equity	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Preferred Stock	5,786.3	—	—	—	—	—	—	—	—	—	—
8.00% Series a Perpetual Strike Preferred Stock
10.00% Series a Perpetual Stride Preferred Stock
Preferred Stock Undesignated
10.00% Series a Perpetual Strife Preferred Stock
Variable Rate Series a Perpetual Stretch Preferred Stock
Common Stock	0.3	0.2	0	0	0	0	0	0	0	0	0
Class a Common Stock
Class B Common Stock
Treasury Stock	—	—	-782.1	-782.1	-782.1	-782.1	-658.9	-586.2	-475.2	-475.2	-475.2
Treasury Stock, at Cost
Additional Paid-in Capital	33,390.5	20,412	3,957.7	1,841.1	1,727.1	763.1	593.6	577	559.9	544	534.7
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-5.1	-15.4	-11.4	-13.8	-7.5	-3.9	-9.7	-10.2	-5.7	-10.7	-7.4
Accumulated Other Comprehensive Loss
Retained Earnings	18,945.1	-2,166.9	-999.2	-1,428.4	41.4	576	583.5	549.1	526.6	494.1	403.2
Retained Earnings
Total Common Shareholders' Equity	52,330.7	18,230	2,165	-383.1	979	553	508.6	529.7	605.7	552.2	455.3
Total Stockholders' Equity
Minority Interests and Other	5,786.3	—	—	—	—	—	—	—	—	—	—
Commitments and Contingencies
Total Mezzanine Equity
Total Shareholders' Equity	58,117	18,230	2,165	-383.1	979	553	508.6	529.7	605.7	552.2	455.3
Total Liabilities and Shareholders' Equity	73,619	25,843.7	4,762.5	2,410.3	3,557.1	1,465.6	916.6	855.8	933.2	768.3	656.9
Total Liabilities, Mezzanine Equity and Stockholders' Equity