Balance Sheet Strategy Incorporated

Stocks

MSTR

US5949724083

Software

Market Closed - Nasdaq Other stock markets 06:00:00 17/06/26 am AEST			Pre-market 08:12:49 pm
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Published financial data: STRATEGY INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	511M	499M	496M	463M	477M
Total Revenues	511M	499M	496M	463M	477M
Cost of Goods Sold, Total	91.91M	103M	110M	129M	149M
Gross Profit	419M	396M	386M	334M	328M
Selling General & Admin Expenses, Total	256M	258M	265M	279M	275M
R&D Expenses	117M	127M	121M	118M	93.86M
Other Operating Expenses	831M	1.29B	116M	1.79B	5.4B
Other Operating Expenses, Total	1.2B	1.67B	501M	2.19B	5.77B
Operating Income	-785M	-1.28B	-115M	-1.85B	-5.44B
Interest Expense, Total	-29.15M	-53.14M	-48.96M	-61.94M	-64.97M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-29.15M	-53.14M	-48.96M	-61.94M	-64.97M
Currency Exchange Gains (Loss)	2.5M	6.2M	-5.6M	2.9M	-16.8M
Other Non Operating Income (Expenses)	-213K	213K	396K	606K	199K
EBT, Excl. Unusual Items	-811M	-1.32B	-169M	-1.91B	-5.53B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	44.69M	-22.93M	-
EBT, Incl. Unusual Items	-811M	-1.32B	-125M	-1.93B	-5.53B
Income Tax Expense	-276M	147M	-554M	-768M	-1.68B
Earnings From Continuing Operations	-535M	-1.47B	429M	-1.17B	-3.85B
Net Income to Company	-535M	-1.47B	429M	-1.17B	-3.85B
Net Income - (IS)	-535M	-1.47B	429M	-1.17B	-3.85B
Preferred Dividend and Other Adjustments	-	-	-	-	381M
Net Income to Common Incl Extra Items	-535M	-1.47B	429M	-1.17B	-4.23B
Net Income to Common Excl. Extra Items	-535M	-1.47B	429M	-1.17B	-4.23B
Per Share Items
Net EPS - Basic	-5.34	-12.98	3.14	-6.06	-15.23
Basic EPS - Continuing Operations	-5.34	-12.98	3.14	-6.06	-15.23
Basic Weighted Average Shares Outstanding	100M	113M	137M	193M	278M
Net EPS - Diluted	-5.34	-12.98	2.64	-6.06	-15.23
Diluted EPS - Continuing Operations	-5.34	-12.98	2.64	-6.06	-15.23
Diluted Weighted Average Shares Outstanding	100M	113M	166M	193M	278M
Normalized Basic EPS	-5.06	-7.3	-0.77	-6.2	-12.44
Normalized Diluted EPS	-5.06	-7.3	-0.64	-6.2	-12.44
Payout Ratio	-	-	-	-	-9.91
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	-773M	-1.26B	-109M	-1.85B	-5.44B
EBITA	-785M	-1.28B	-115M	-1.85B	-5.44B
EBIT	-785M	-1.28B	-115M	-1.85B	-5.44B
EBITDAR	-758M	-1.25B	-94.18M	-1.83B	-5.43B
Total Revenues (As Reported)	511M	499M	496M	463M	477M
Effective Tax Rate - (Ratio)	34	-11.14	444.61	39.69	30.36
Current Domestic Taxes	-2.44M	14.64M	6.15M	-5.13M	732K
Current Foreign Taxes	5.53M	8.14M	9.15M	5.37M	5.42M
Total Current Taxes	3.1M	22.78M	15.3M	238K	6.15M
Deferred Domestic Taxes	-280M	124M	-569M	-768M	-1.69B
Deferred Foreign Taxes	576K	451K	232K	-123K	1.82M
Total Deferred Taxes	-279M	125M	-569M	-768M	-1.68B
Normalized Net Income	-507M	-827M	-106M	-1.19B	-3.45B
Interest on Long-Term Debt	-	53.17M	48.03M	59.92M	59.82M
Supplemental Operating Expense Items
Advertising Expense	1.2M	800K	100K	-	-
Selling and Marketing Expenses	160M	147M	150M	138M	123M
General and Administrative Expenses	95.5M	111M	115M	141M	152M
Research And Development Expense From Footnotes	117M	127M	121M	118M	93.86M
Net Rental Expense, Total	15.3M	14.1M	14.44M	13.83M	13.73M
Imputed Operating Lease Interest Expense	2.54M	2.56M	2.41M	1.44M	921K
Imputed Operating Lease Depreciation	12.77M	11.55M	12.04M	12.39M	12.81M
Maintenance & Repair Expenses, Total	-	-	-	-	27.26M
Stock-Based Comp., COGS (Total)	2.37M	4.27M	4.56M	6.24M	-
Stock-Based Comp., R&D Exp. (Total)	10.76M	13.9M	13.55M	14.36M	-
Stock-Based Comp., S&M Exp. (Total)	12.88M	18.27M	18.02M	14.85M	-
Stock-Based Comp., G&A Exp. (Total)	18.12M	27.18M	33.44M	41.68M	-
Stock-Based Comp., Other (Total)	-	-	-	-	53.37M
Total Stock-Based Compensation	44.13M	63.62M	69.57M	77.12M	53.37M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	63.36M	43.84M	46.82M	38.12M	2.3B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	63.36M	43.84M	46.82M	38.12M	2.3B
Accounts Receivable, Total	190M	190M	185M	184M	215M
Other Receivables	-	-	15.3M	-	4.5M
Total Receivables	190M	190M	200M	184M	220M
Prepaid Expenses	13.15M	23.82M	11.51M	28.62M	40.85M
Restricted Cash	1.08M	7.03M	1.86M	1.78M	1.87M
Other Current Assets, Total	-	-	7.4M	-	-
Total Current Assets	268M	265M	268M	252M	2.56B
Gross Property Plant And Equipment	226M	219M	217M	214M	194M
Accumulated Depreciation	-123M	-125M	-130M	-133M	-118M
Net Property Plant And Equipment	103M	93.61M	86.28M	80.89M	75.83M
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	-	900K	6.8M	4.7M
Deferred Tax Assets Long-Term	320M	188M	758M	1.53B	4.51M
Deferred Charges Long-Term	4.7M	15.8M	15.7M	48.3M	79.3M
Other Long-Term Assets, Total	2.86B	1.85B	3.63B	23.93B	58.91B
Total Assets	3.56B	2.41B	4.76B	25.84B	61.64B
Liabilities
Accounts Payable, Total	33.87M	27.42M	31.43M	23.5M	37.23M
Accrued Expenses, Total	56.04M	56.54M	51.54M	73.11M	75.6M
Current Portion of Long-Term Debt	-	454K	483K	517K	31.31M
Current Portion of Leases	9.21M	10.05M	10.46M	10.38M	11.31M
Current Income Taxes Payable	3M	5.5M	-	9.5M	1.8M
Unearned Revenue Current, Total	210M	217M	228M	238M	272M
Other Current Liabilities	-	-	1.2M	400K	27.12M
Total Current Liabilities	312M	317M	323M	355M	456M
Long-Term Debt	2.16B	2.38B	2.18B	7.19B	8.16B
Long-Term Leases	76.61M	67.34M	61.09M	56.4M	46.14M
Unearned Revenue Non Current	8.09M	12.76M	8.52M	4.97M	5.45M
Deferred Tax Liability Non Current	109K	198K	357K	407K	1.93B
Other Non Current Liabilities	26.22M	17.12M	22.21M	5.38M	4.74M
Total Liabilities	2.58B	2.79B	2.6B	7.61B	10.6B
Preferred Stock Redeemable	-	-	-	-	6.92B
Total Preferred Equity	-	-	-	-	6.92B
Common Stock, Total	20K	20K	26K	246K	312K
Additional Paid In Capital	1.73B	1.84B	3.96B	20.41B	37.81B
Retained Earnings	41.44M	-1.43B	-999M	-2.17B	6.32B
Treasury Stock	-782M	-782M	-782M	-	-
Comprehensive Income and Other	-7.54M	-13.8M	-11.44M	-15.38M	-5.17M
Total Common Equity	979M	-383M	2.16B	18.23B	44.12B
Total Equity	979M	-383M	2.16B	18.23B	51.04B
Total Liabilities And Equity	3.56B	2.41B	4.76B	25.84B	61.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	113M	115M	170M	257M	334M
ECS Total Common Shares Outstanding	113M	115M	169M	246M	312M
Book Value / Share	8.67	-3.32	12.83	74.17	141.39
Tangible Book Value	979M	-383M	2.16B	18.23B	44.12B
Tangible Book Value Per Share	8.67	-3.32	12.83	74.17	141.39
Total Debt	2.24B	2.46B	2.25B	7.26B	8.25B
Net Debt	2.18B	2.41B	2.21B	7.22B	5.95B
Debt Equivalent Oper. Leases	122M	113M	116M	111M	110M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	120M	119M	120M	120M	109M
Full Time Employees	2.12K	2.15K	1.93K	1.53K	1.54K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.78M	2.56M	3.07M	2.19M	3.35M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-535M	-1.47B	429M	-1.17B	-3.85B
Depreciation & Amortization - CF	11.36M	10.87M	6.43M	5.51M	917K
Depreciation & Amortization, Total	11.36M	10.87M	6.43M	5.51M	917K
Amortization of Deferred Charges, Total - (CF)	7.2M	8.69M	16.91M	27.64M	50.01M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	8.19M	8.07M	-	-	-
Stock-Based Compensation (CF)	44.13M	63.62M	69.57M	77.12M	53.37M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	669K	383K	797K	722K	-
Other Operating Activities, Total	547M	1.42B	-489M	1.05B	3.73B
Change In Accounts Receivable	2.62M	-5.29M	10.31M	5.69M	20.41M
Change In Accounts Payable	3.75M	-3.52M	-634K	1.14M	6.56M
Change in Unearned Revenues	14.71M	14.84M	2.36M	1.05M	-7.97M
Change in Other Net Operating Assets	-9.99M	-42.64M	-33.09M	-50.58M	-74.19M
Cash from Operations	93.83M	3.21M	12.71M	-53.03M	-67.24M
Capital Expenditure	-2.71M	-2.49M	-2.94M	-13.48M	-45.21M
Sale (Purchase) of Intangible assets	-2.63B	-276M	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-1.9B	-22.07B	-22.47B
Cash from Investing	-2.63B	-279M	-1.91B	-22.09B	-22.51B
Long-Term Debt Issued, Total	1.55B	216M	-	6.21B	2.03B
Total Debt Issued	1.55B	216M	-	6.21B	2.03B
Long-Term Debt Repaid, Total	-	-246K	-161M	-516M	-712K
Total Debt Repaid	-	-246K	-161M	-516M	-712K
Issuance of Common Stock	1.04B	52.46M	2.06B	16.55B	16.32B
Repurchase of Common Stock	-4.7M	-2.08M	-4.11M	-2.17M	-
Issuance of Preferred Stock	-	-	-	-	7.04B
Preferred Dividends Paid	-	-	-	-	-381M
Common & Preferred Stock Dividends Paid	-	-	-	-	-381M
Other Financing Activities, Total	-47.12M	-735K	-9.14M	-114M	-161M
Cash from Financing	2.54B	265M	1.89B	22.13B	24.84B
Foreign Exchange Rate Adjustments	-2.61M	-3.38M	444K	-2.15M	-544K
Net Change in Cash	3.68M	-13.57M	-2.2M	-8.78M	2.26B
Supplemental Items
Cash Interest Paid	20.42M	43.45M	41.23M	44.57M	46.52M
Cash Income Tax Paid (Refund)	7.01M	21.97M	30.32M	1.06M	13.13M
Levered Free Cash Flow	-3.05B	-1.05B	-17.51M	-1.06B	-3.36B
Unlevered Free Cash Flow	-3.04B	-1.02B	4.29M	-1.04B	-3.35B
Change In Net Working Capital	-25.49M	21.21M	4.97M	-38.98M	-20.94M
Net Debt Issued / Repaid	1.55B	216M	-161M	5.7B	2.03B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-19.52	-26.72	-2	-7.57	-7.78
Return on Total Capital	-22.58	-30.18	-2.22	-7.74	-8.03
Return On Equity %	-69.91	-493.35	48.17	-11.44	-11.11
Return on Common Equity	-69.91	-493.35	48.17	-11.44	-13.57
Margin Analysis
Gross Profit Margin %	82.01	79.37	77.85	72.06	68.69
SG&A Margin	50.05	51.74	53.4	60.12	57.6
EBITDA Margin %	-151.38	-253.35	-21.89	-398.63	-1.14K
EBITA Margin %	-153.6	-255.52	-23.18	-399.82	-1.14K
EBIT Margin %	-153.6	-255.52	-23.18	-399.82	-1.14K
Income From Continuing Operations Margin %	-104.84	-294.39	86.47	-251.73	-806.35
Net Income Margin %	-104.84	-294.39	86.47	-251.73	-806.35
Net Avail. For Common Margin %	-104.84	-294.39	86.47	-251.73	-886.26
Normalized Net Income Margin	-99.29	-165.55	-21.31	-257.77	-723.7
Levered Free Cash Flow Margin	-597.07	-209.74	-3.53	-228.94	-704.75
Unlevered Free Cash Flow Margin	-594.91	-204.83	0.86	-223.9	-701.57
Asset Turnover
Asset Turnover	0.2	0.17	0.14	0.03	0.01
Fixed Assets Turnover	4.65	5.07	5.52	5.54	6.09
Receivables Turnover (Average Receivables)	2.63	2.63	2.65	2.51	2.39
Short Term Liquidity
Current Ratio	0.86	0.83	0.83	0.71	5.62
Quick Ratio	0.81	0.74	0.76	0.62	5.52
Operating Cash Flow to Current Liabilities	0.3	0.01	0.04	-0.15	-0.15
Days Sales Outstanding (Average Receivables)	138.97	139	137.87	145.63	152.68
Average Days Payable Outstanding	156.31	130.26	123.5	77.7	85.39
Long Term Solvency
Total Debt/Equity	228.91	-641.16	104.12	39.82	16.16
Total Debt / Total Capital	69.6	118.48	51.01	28.48	13.91
LT Debt/Equity	227.97	-638.42	103.61	39.76	16.07
Long-Term Debt / Total Capital	69.31	117.97	50.76	28.43	13.84
Total Liabilities / Total Assets	72.48	115.9	54.54	29.46	17.19
EBIT / Interest Expense	-26.91	-24.01	-2.35	-29.92	-83.8
EBITDA / Interest Expense	-26	-23.54	-1.92	-29.6	-83.58
(EBITDA - Capex) / Interest Expense	-26.09	-23.59	-1.98	-29.82	-84.27
Total Debt / EBITDA	-2.96	-1.96	-23.94	-3.96	-1.52
Net Debt / EBITDA	-2.87	-1.93	-23.44	-3.94	-1.1
Total Debt / (EBITDA - Capex)	-2.95	-1.96	-23.21	-3.93	-1.51
Net Debt / (EBITDA - Capex)	-2.86	-1.93	-22.73	-3.91	-1.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.25	-2.25	-0.6	-6.61	2.97
Gross Profit, 1 Yr. Growth %	7.49	-5.39	-2.51	-13.55	-1.85
EBITDA, 1 Yr. Growth %	264K	63.6	-91.44	1.6K	194.64
EBITA, 1 Yr. Growth %	5.66K	62.61	-90.98	1.51K	193.82
EBIT, 1 Yr. Growth %	5.66K	62.61	-90.98	1.51K	193.82
Earnings From Cont. Operations, 1 Yr. Growth %	7.02K	174.48	-129.2	-371.87	229.84
Net Income, 1 Yr. Growth %	7.02K	174.48	-129.2	-371.87	229.84
Normalized Net Income, 1 Yr. Growth %	3.97K	62.99	-87.2	1.03K	189.1
Diluted EPS Before Extra, 1 Yr. Growth %	6.75K	142.94	-120.35	-329.39	151.37
Accounts Receivable, 1 Yr. Growth %	-4.12	-0.26	-2.56	-0.66	17.22
Net Property, Plant and Equip., 1 Yr. Growth %	-11.34	-9.42	-7.83	-6.26	-6.25
Total Assets, 1 Yr. Growth %	142.71	-32.24	97.59	442.65	138.52
Tangible Book Value, 1 Yr. Growth %	77.01	-139.14	-665.09	742.04	142.04
Common Equity, 1 Yr. Growth %	77.01	-139.14	-665.09	742.04	142.04
Cash From Operations, 1 Yr. Growth %	75	-96.58	295.89	-517.18	26.79
Capital Expenditures, 1 Yr. Growth %	-25.88	-8.13	18.18	358.75	235.45
Levered Free Cash Flow, 1 Yr. Growth %	172.17	-65.56	-97.7	5.98K	216.97
Unlevered Free Cash Flow, 1 Yr. Growth %	170.81	-66.24	-100.58	-24.03K	222.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.48	1.91	-1.43	-3.65	-1.94
Gross Profit, 2 Yr. CAGR %	4.12	0.84	-3.96	-8.19	-7.88
EBITDA, 2 Yr. CAGR %	909.16	6.47K	-62.58	20.64	607.92
EBITA, 2 Yr. CAGR %	2.7K	867.64	-61.71	20.52	587.92
EBIT, 2 Yr. CAGR %	2.7K	867.64	-61.71	20.52	587.92
Earnings From Cont. Operations, 2 Yr. CAGR %	294.8	1.3K	-10.48	-10.91	199.46
Net Income, 2 Yr. CAGR %	294.8	1.3K	-10.48	-10.91	199.46
Normalized Net Income, 2 Yr. CAGR %	879.16	714.12	-54.33	20.22	471.46
Diluted EPS Before Extra, 2 Yr. CAGR %	300.6	1.19K	-29.69	-31.68	140.13
Accounts Receivable, 2 Yr. CAGR %	7.51	-2.21	-1.42	-1.61	7.91
Net Property, Plant and Equip., 2 Yr. CAGR %	-12.73	-10.39	-8.63	-7.04	-6.25
Total Assets, 2 Yr. CAGR %	97	28.24	15.71	227.45	259.76
Tangible Book Value, 2 Yr. CAGR %	38.74	-16.77	48.71	589.8	351.45
Common Equity, 2 Yr. CAGR %	38.74	-16.77	48.71	589.8	351.45
Cash From Operations, 2 Yr. CAGR %	24.16	-75.53	-63.19	306.4	129.99
Capital Expenditures, 2 Yr. CAGR %	-48.45	-17.48	4.2	132.84	292.28
Levered Free Cash Flow, 2 Yr. CAGR %	846.61	-3.33	-79.43	18.08	1.29K
Unlevered Free Cash Flow, 2 Yr. CAGR %	844.9	-4.53	-89.68	18.7	2.68K
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.87	0.88	1.07	-3.19	-1.49
Gross Profit, 3 Yr. CAGR %	1.7	0.85	-0.29	-7.27	-6.13
EBITDA, 3 Yr. CAGR %	430.39	450.25	618.37	33.54	62.47
EBITA, 3 Yr. CAGR %	481.93	983.84	103.63	33.17	62.2
EBIT, 3 Yr. CAGR %	481.93	983.84	103.63	33.17	62.2
Earnings From Cont. Operations, 3 Yr. CAGR %	187.64	249.75	284.93	29.64	37.83
Net Income, 3 Yr. CAGR %	187.64	249.75	284.93	29.64	37.83
Normalized Net Income, 3 Yr. CAGR %	240.89	438.63	103.93	33.06	61.07
Diluted EPS Before Extra, 3 Yr. CAGR %	200.47	239.09	223.55	4.28	5.47
Accounts Receivable, 3 Yr. CAGR %	3.41	4.85	-2.33	-1.17	4.3
Net Property, Plant and Equip., 3 Yr. CAGR %	25.79	-11.64	-9.54	-7.84	-6.78
Total Assets, 3 Yr. CAGR %	60.79	38.03	48.12	93.68	194.62
Tangible Book Value, 3 Yr. CAGR %	22.72	-9.01	57.6	165.06	386.53
Common Equity, 3 Yr. CAGR %	22.72	-9.01	57.6	165.06	386.53
Cash From Operations, 3 Yr. CAGR %	106.69	-62.5	-38.11	-17.32	175.63
Capital Expenditures, 3 Yr. CAGR %	-26.61	-37.5	-6.99	70.78	162.98
Levered Free Cash Flow, 3 Yr. CAGR %	481.59	213.36	-75	36.87	64.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	480.89	210.89	-84.37	37.08	65.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.11	-0.18	-0.06	-0.96	-0.15
Gross Profit, 5 Yr. CAGR %	-0.08	-0.54	-0.6	-2.87	-3.4
EBITDA, 5 Yr. CAGR %	44.64	70.13	83.77	200.08	614.17
EBITA, 5 Yr. CAGR %	48.25	77.1	95.96	350.19	231.38
EBIT, 5 Yr. CAGR %	48.25	77.1	95.96	350.19	231.38
Earnings From Cont. Operations, 5 Yr. CAGR %	42.16	140.69	80.33	102.39	248.15
Net Income, 5 Yr. CAGR %	42.16	140.69	80.33	102.39	248.15
Normalized Net Income, 5 Yr. CAGR %	47.82	79.25	52.55	195.64	207.95
Diluted EPS Before Extra, 5 Yr. CAGR %	46.17	141.65	68.07	78.65	187.17
Accounts Receivable, 5 Yr. CAGR %	17.97	2.65	1.45	2.22	1.65
Net Property, Plant and Equip., 5 Yr. CAGR %	12.47	11.9	10.69	-9.83	-8.24
Total Assets, 5 Yr. CAGR %	35.87	20.9	40.96	95	111.24
Tangible Book Value, 5 Yr. CAGR %	12.48	-8.68	32.52	104.59	140.09
Common Equity, 5 Yr. CAGR %	12.13	-8.75	32.52	104.59	140.09
Cash From Operations, 5 Yr. CAGR %	-3.23	-47.21	3.65	-2.72	4.63
Capital Expenditures, 5 Yr. CAGR %	2.98	-8.99	-15.56	5.77	65.41
Levered Free Cash Flow, 5 Yr. CAGR %	100.22	73.21	2.46	98.96	24.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	100.08	72.39	-22.67	98.08	24.44