About Strategy Inc
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
Strategy Inc (MSTR) is a Technology company in the Software - Application industry with a market capitalisation of $52B.
- Sector
- Technology
- Industry
- Software - Application
- Market cap
- $52B
- Forward P/E
- 2.65
- EPS (TTM)
- $-99.16
- Revenue (TTM)
- $498.3M
- Free cash flow
- -$22.6B
- Profit margin
- 0.0%
- Beta
- 3.60
- Shares outstanding
- 377.6M
Financial health: Weak3.5/10
3 strengths, 6 concerns. Weakest points: net debt vs cash flow, return on equity, net margin and 3 more.
- Debt to equity: 0.19 (Strong, benchmark < 0.5) — Debt of 0.19x equity is conservative against the 0.5x benchmark. It has deteriorated over the last 4 years.
- Net debt vs cash flow: — (Concern, benchmark < 4 years) — Carries $5.9B of net debt while free cash flow is negative, so the debt is not being repaid from the business.
- Current ratio: 5.62 (Strong, benchmark > 1.5) — Short-term assets cover 5.62x short-term liabilities, against Graham's 1.5x floor. It has improved over the last 4 years.
- Return on equity: -63.6% (Concern, benchmark > 15%) — Earns -63.6% on shareholder equity, well short of the > 15% mark.
- Gross margin: 67.6% (Strong, benchmark > 40%) — Keeps 67.6% of revenue after the direct cost of sales, comfortably past the > 40% mark.
- Net margin: 0.0% (Concern, benchmark > 10%) — Turns 0.0% of revenue into profit, well short of the > 10% mark.
- Free cash flow: -$75.5M (Concern, benchmark positive) — Burned $75.5M of cash after capital spending, so operations did not fund themselves. It has deteriorated over the last 4 years.
- Revenue growth: 6.9% (Watch, benchmark > 10%) — Revenue changed 6.9% year on year, short of the > 10% mark.
- Earnings growth: -229.8% (Concern, benchmark > 10%) — Earnings changed -229.8% year on year, well short of the > 10% mark.
- PEG ratio: 2.85 (Concern, benchmark < 1) — At 2.85, the price looks expensive relative to expected growth — Lynch treated 1.0 as fair value.