Cash flow Strategy Incorporated

Equities

MSTR

US5949724083

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2026-01-16 pm EST			5-day change	1st Jan Change
173.71 ^USD	+1.64%		+10.41%	+14.32%

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55bdd691804b67.TZSwUCMFc2l_-JPpJg---6YDJwksD_vzWCJnt3YRmeM.F_yFYRdzEA0Kn6KlH0WPw-xtVDoeRMiYKmgD_ANY2ox7wegJTHdLLTTJwg

Published financial data: STRATEGY INCORPORATED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	481M	511M	499M	496M	463M
Total Revenues	481M	511M	499M	496M	463M
Cost of Goods Sold, Total	91.06M	91.91M	103M	110M	129M
Gross Profit	390M	419M	396M	386M	334M
Selling General & Admin Expenses, Total	229M	256M	258M	265M	279M
R&D Expenses	104M	117M	127M	121M	118M
Other Operating Expenses	70.7M	831M	1.29B	116M	1.79B
Other Operating Expenses, Total	403M	1.2B	1.67B	501M	2.19B
Operating Income	-13.62M	-785M	-1.28B	-115M	-1.85B
Interest Expense, Total	-	-29.15M	-53.14M	-48.96M	-61.94M
Interest And Investment Income	710K	-	-	-	-
Net Interest Expenses	710K	-29.15M	-53.14M	-48.96M	-61.94M
Currency Exchange Gains (Loss)	-7.6M	2.5M	6.2M	-5.6M	2.9M
Other Non Operating Income (Expenses)	562K	-213K	213K	396K	606K
EBT, Excl. Unusual Items	-19.95M	-811M	-1.32B	-169M	-1.91B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	44.69M	-22.93M
EBT, Incl. Unusual Items	-19.95M	-811M	-1.32B	-125M	-1.93B
Income Tax Expense	-12.43M	-276M	147M	-554M	-768M
Earnings From Continuing Operations	-7.52M	-535M	-1.47B	429M	-1.17B
Net Income to Company	-7.52M	-535M	-1.47B	429M	-1.17B
Net Income - (IS)	-7.52M	-535M	-1.47B	429M	-1.17B
Net Income to Common Incl Extra Items	-7.52M	-535M	-1.47B	429M	-1.17B
Net Income to Common Excl. Extra Items	-7.52M	-535M	-1.47B	429M	-1.17B
Per Share Items
Net EPS - Basic	-0.08	-5.34	-12.98	3.14	-6.06
Basic EPS - Continuing Operations	-0.08	-5.34	-12.98	3.14	-6.06
Basic Weighted Average Shares Outstanding	96.84M	100M	113M	137M	193M
Net EPS - Diluted	-0.08	-5.34	-12.98	2.64	-6.06
Diluted EPS - Continuing Operations	-0.08	-5.34	-12.98	2.64	-6.06
Diluted Weighted Average Shares Outstanding	96.84M	100M	113M	166M	193M
Normalized Basic EPS	-0.13	-5.06	-7.3	-0.77	-6.2
Normalized Diluted EPS	-0.13	-5.06	-7.3	-0.64	-6.2
American Depositary Receipts Ratio (ADR)	0.17	0.17	0.17	0.17	0.17
Supplemental Items
EBITDA	-293K	-773M	-1.26B	-109M	-1.85B
EBITA	-13.62M	-785M	-1.28B	-115M	-1.85B
EBIT	-13.62M	-785M	-1.28B	-115M	-1.85B
EBITDAR	14.02M	-758M	-1.25B	-94.18M	-1.83B
Total Revenues (As Reported)	481M	511M	499M	496M	463M
Effective Tax Rate - (Ratio)	62.29	34	-11.14	444.61	39.69
Current Domestic Taxes	3.31M	-2.44M	14.64M	6.15M	-5.13M
Current Foreign Taxes	5.22M	5.53M	8.14M	9.15M	5.37M
Total Current Taxes	8.53M	3.1M	22.78M	15.3M	238K
Deferred Domestic Taxes	-21.31M	-280M	124M	-569M	-768M
Deferred Foreign Taxes	351K	576K	451K	232K	-123K
Total Deferred Taxes	-20.96M	-279M	125M	-569M	-768M
Normalized Net Income	-12.47M	-507M	-827M	-106M	-1.19B
Interest on Long-Term Debt	-	-	53.17M	48.03M	59.92M
Supplemental Operating Expense Items
Advertising Expense	100K	1.2M	800K	100K	-
Selling and Marketing Expenses	149M	160M	147M	150M	138M
General and Administrative Expenses	80.14M	95.5M	111M	115M	141M
Research And Development Expense From Footnotes	104M	117M	127M	121M	118M
Net Rental Expense, Total	14.31M	15.3M	14.1M	14.44M	13.83M
Imputed Operating Lease Interest Expense	-	2.54M	2.56M	2.41M	1.44M
Imputed Operating Lease Depreciation	-	12.77M	11.55M	12.04M	12.39M
Stock-Based Comp., COGS (Total)	455K	2.37M	4.27M	4.56M	6.24M
Stock-Based Comp., R&D Exp. (Total)	2.74M	10.76M	13.9M	13.55M	14.36M
Stock-Based Comp., S&M Exp. (Total)	1.61M	12.88M	18.27M	18.02M	14.85M
Stock-Based Comp., G&A Exp. (Total)	6.35M	18.12M	27.18M	33.44M	41.68M
Total Stock-Based Compensation	11.15M	44.13M	63.62M	69.57M	77.12M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	59.68M	63.36M	43.84M	46.82M	38.12M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	59.68M	63.36M	43.84M	46.82M	38.12M
Accounts Receivable, Total	199M	190M	190M	185M	184M
Other Receivables	-	-	-	15.3M	-
Total Receivables	199M	190M	190M	200M	184M
Prepaid Expenses	13.3M	13.15M	23.82M	11.51M	28.62M
Restricted Cash	1.08M	1.08M	7.03M	1.86M	1.78M
Other Current Assets, Total	-	-	-	7.4M	-
Total Current Assets	273M	268M	265M	268M	252M
Gross Property Plant And Equipment	235M	226M	219M	217M	214M
Accumulated Depreciation	-119M	-123M	-125M	-130M	-133M
Net Property Plant And Equipment	117M	103M	93.61M	86.28M	80.89M
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	-	-	900K	6.8M
Deferred Tax Assets Long-Term	6.5M	320M	188M	758M	1.53B
Deferred Charges Long-Term	6.1M	4.7M	15.8M	15.7M	48.3M
Other Long-Term Assets, Total	1.06B	2.86B	1.85B	3.63B	23.93B
Total Assets	1.47B	3.56B	2.41B	4.76B	25.84B
Liabilities
Accounts Payable, Total	31.31M	33.87M	27.42M	31.43M	23.5M
Accrued Expenses, Total	49.25M	56.04M	56.54M	51.54M	73.11M
Current Portion of Long-Term Debt	-	-	454K	483K	517K
Current Portion of Leases	10.81M	9.21M	10.05M	10.46M	10.38M
Current Income Taxes Payable	3M	3M	5.5M	-	9.5M
Unearned Revenue Current, Total	191M	210M	217M	228M	238M
Other Current Liabilities	-	-	-	1.2M	400K
Total Current Liabilities	286M	312M	317M	323M	355M
Long-Term Debt	486M	2.16B	2.38B	2.18B	7.19B
Long-Term Leases	84.33M	76.61M	67.34M	61.09M	56.4M
Unearned Revenue Non Current	14.66M	8.09M	12.76M	8.52M	4.97M
Deferred Tax Liability Non Current	8.21M	109K	198K	357K	407K
Other Non Current Liabilities	33.38M	26.22M	17.12M	22.21M	5.38M
Total Liabilities	913M	2.58B	2.79B	2.6B	7.61B
Common Stock, Total	18K	20K	20K	26K	246K
Additional Paid In Capital	763M	1.73B	1.84B	3.96B	20.41B
Retained Earnings	576M	41.44M	-1.43B	-999M	-2.17B
Treasury Stock	-782M	-782M	-782M	-782M	-
Comprehensive Income and Other	-3.88M	-7.54M	-13.8M	-11.44M	-15.38M
Total Common Equity	553M	979M	-383M	2.16B	18.23B
Total Equity	553M	979M	-383M	2.16B	18.23B
Total Liabilities And Equity	1.47B	3.56B	2.41B	4.76B	25.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	95.87M	113M	115M	170M	257M
ECS Total Common Shares Outstanding	95.87M	113M	115M	169M	246M
Book Value / Share	5.77	8.67	-3.32	12.83	74.17
Tangible Book Value	553M	979M	-383M	2.16B	18.23B
Tangible Book Value Per Share	5.77	8.67	-3.32	12.83	74.17
Total Debt	582M	2.24B	2.46B	2.25B	7.26B
Net Debt	522M	2.18B	2.41B	2.21B	7.22B
Debt Equivalent Oper. Leases	114M	122M	113M	116M	111M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	120M	120M	119M	120M	120M
Full Time Employees	2K	2.12K	2.15K	1.93K	1.53K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.76M	2.78M	2.56M	3.07M	2.19M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-7.52M	-535M	-1.47B	429M	-1.17B
Depreciation & Amortization - CF	13.33M	11.36M	10.87M	6.43M	5.51M
Depreciation & Amortization, Total	13.33M	11.36M	10.87M	6.43M	5.51M
Amortization of Deferred Charges, Total - (CF)	1.54M	7.2M	8.69M	16.91M	27.64M
(Gain) Loss on Sale of Investments - (CF)	-94K	-	-	-	-
Asset Writedown & Restructuring Costs	8.21M	8.19M	8.07M	-	-
Stock-Based Compensation (CF)	11.15M	44.13M	63.62M	69.57M	77.12M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	1.55M	669K	383K	797K	722K
Other Operating Activities, Total	48.23M	547M	1.42B	-489M	1.05B
Change In Accounts Receivable	-774K	2.62M	-5.29M	10.31M	5.69M
Change In Accounts Payable	9.44M	3.75M	-3.52M	-634K	1.14M
Change in Unearned Revenues	-20.22M	14.71M	14.84M	2.36M	1.05M
Change in Other Net Operating Assets	-11.23M	-9.99M	-42.64M	-33.09M	-50.58M
Cash from Operations	53.62M	93.83M	3.21M	12.71M	-53.03M
Capital Expenditure	-3.65M	-2.71M	-2.49M	-2.94M	-13.48M
Sale (Purchase) of Intangible assets	-1.12B	-2.63B	-276M	-1.9B	-
Investment in Marketable and Equity Securities, Total	110M	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-22.07B
Cash from Investing	-1.02B	-2.63B	-279M	-1.91B	-22.09B
Long-Term Debt Issued, Total	496M	1.55B	216M	-	6.21B
Total Debt Issued	496M	1.55B	216M	-	6.21B
Long-Term Debt Repaid, Total	-	-	-246K	-161M	-516M
Total Debt Repaid	-	-	-246K	-161M	-516M
Issuance of Common Stock	205M	1.04B	52.46M	2.06B	16.55B
Repurchase of Common Stock	-123M	-4.7M	-2.08M	-4.11M	-2.17M
Other Financing Activities, Total	-14.62M	-47.12M	-735K	-9.14M	-114M
Cash from Financing	563M	2.54B	265M	1.89B	22.13B
Foreign Exchange Rate Adjustments	4.78M	-2.61M	-3.38M	444K	-2.15M
Net Change in Cash	-397M	3.68M	-13.57M	-2.2M	-8.78M
Supplemental Items
Cash Interest Paid	-	20.42M	43.45M	41.23M	44.57M
Cash Income Tax Paid (Refund)	6.8M	7.01M	21.97M	30.32M	1.06M
Levered Free Cash Flow	-1.13B	-3.05B	-1.05B	-1.92B	-1.06B
Unlevered Free Cash Flow	-1.13B	-3.04B	-1.02B	-1.9B	-1.04B
Change In Net Working Capital	20.16M	-25.49M	21.21M	4.97M	-38.98M
Net Debt Issued / Repaid	496M	1.55B	216M	-161M	5.7B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.71	-19.52	-26.72	-2	-7.57
Return on Total Capital	-0.98	-22.58	-30.18	-2.22	-7.74
Return On Equity %	-1.42	-69.91	-493.35	48.17	-11.44
Return on Common Equity	-1.42	-69.91	-493.35	48.17	-11.44
Margin Analysis
Gross Profit Margin %	81.06	82.01	79.37	77.85	72.06
SG&A Margin	47.64	50.05	51.74	53.4	60.12
EBITDA Margin %	-0.06	-151.38	-253.35	-21.89	-398.63
EBITA Margin %	-2.83	-153.6	-255.52	-23.18	-399.82
EBIT Margin %	-2.83	-153.6	-255.52	-23.18	-399.82
Income From Continuing Operations Margin %	-1.57	-104.84	-294.39	86.47	-251.73
Net Income Margin %	-1.57	-104.84	-294.39	86.47	-251.73
Net Avail. For Common Margin %	-1.57	-104.84	-294.39	86.47	-251.73
Normalized Net Income Margin	-2.59	-99.29	-165.55	-21.31	-257.77
Levered Free Cash Flow Margin	-235.33	-597.07	-209.74	-386.85	-228.94
Unlevered Free Cash Flow Margin	-235.65	-594.91	-204.83	-382.46	-223.9
Asset Turnover
Asset Turnover	0.4	0.2	0.17	0.14	0.03
Fixed Assets Turnover	3.81	4.65	5.07	5.52	5.54
Receivables Turnover (Average Receivables)	2.65	2.63	2.63	2.65	2.51
Short Term Liquidity
Current Ratio	0.95	0.86	0.83	0.83	0.71
Quick Ratio	0.9	0.81	0.74	0.76	0.62
Operating Cash Flow to Current Liabilities	0.19	0.3	0.01	0.04	-0.15
Days Sales Outstanding (Average Receivables)	138.29	138.97	139	137.87	145.63
Average Days Payable Outstanding	131.09	156.31	130.26	123.5	77.7
Long Term Solvency
Total Debt/Equity	105.15	228.91	-641.16	104.12	39.82
Total Debt / Total Capital	51.25	69.6	118.48	51.01	28.48
LT Debt/Equity	103.19	227.97	-638.42	103.61	39.76
Long-Term Debt / Total Capital	50.3	69.31	117.97	50.76	28.43
Total Liabilities / Total Assets	62.27	72.48	115.9	54.54	29.46
EBIT / Interest Expense	-	-26.91	-24.01	-2.35	-29.92
EBITDA / Interest Expense	-	-26	-23.54	-1.92	-29.6
(EBITDA - Capex) / Interest Expense	-	-26.09	-23.59	-1.98	-29.82
Total Debt / EBITDA	41.48	-2.96	-1.96	-23.94	-3.96
Net Debt / EBITDA	37.22	-2.87	-1.93	-23.44	-3.94
Total Debt / (EBITDA - Capex)	56.09	-2.95	-1.96	-23.21	-3.93
Net Debt / (EBITDA - Capex)	50.33	-2.86	-1.93	-22.73	-3.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.15	6.25	-2.25	-0.6	-6.61
Gross Profit, 1 Yr. Growth %	0.86	7.49	-5.39	-2.51	-13.55
EBITDA, 1 Yr. Growth %	-103.86	264K	63.6	-91.44	1.6K
EBITA, 1 Yr. Growth %	1.26K	5.66K	62.61	-90.98	1.51K
EBIT, 1 Yr. Growth %	1.26K	5.66K	62.61	-90.98	1.51K
Earnings From Cont. Operations, 1 Yr. Growth %	-121.9	7.02K	174.48	-129.2	-371.87
Net Income, 1 Yr. Growth %	-121.9	7.02K	174.48	-129.2	-371.87
Normalized Net Income, 1 Yr. Growth %	-335.77	3.97K	62.99	-87.2	1.03K
Diluted EPS Before Extra, 1 Yr. Growth %	-123.42	6.75K	142.94	-120.35	-329.39
Accounts Receivable, 1 Yr. Growth %	20.55	-4.12	-0.26	-2.56	-0.66
Net Property, Plant and Equip., 1 Yr. Growth %	-14.09	-11.34	-9.42	-7.83	-6.26
Total Assets, 1 Yr. Growth %	59.9	142.71	-32.24	97.59	442.65
Tangible Book Value, 1 Yr. Growth %	8.75	77.01	-139.14	-665.09	742.04
Common Equity, 1 Yr. Growth %	8.75	77.01	-139.14	-665.09	742.04
Cash From Operations, 1 Yr. Growth %	-11.91	75	-96.58	295.89	-517.18
Capital Expenditures, 1 Yr. Growth %	-64.14	-25.88	-8.13	18.18	358.75
Levered Free Cash Flow, 1 Yr. Growth %	-3.42K	172.17	-65.56	85.11	5.98K
Unlevered Free Cash Flow, 1 Yr. Growth %	-3.43K	170.81	-66.24	87.44	-24.03K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.71	2.48	1.91	-1.43	-3.65
Gross Profit, 2 Yr. CAGR %	-1.07	4.12	0.84	-3.96	-8.19
EBITDA, 2 Yr. CAGR %	-76.22	909.16	6.47K	-62.58	20.64
EBITA, 2 Yr. CAGR %	85	2.7K	867.64	-61.71	20.52
EBIT, 2 Yr. CAGR %	85	2.7K	867.64	-61.71	20.52
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.17	294.8	1.3K	-10.48	-10.91
Net Income, 2 Yr. CAGR %	-42.17	294.8	1.3K	-10.48	-10.91
Normalized Net Income, 2 Yr. CAGR %	-1.3	879.16	714.12	-54.33	20.22
Diluted EPS Before Extra, 2 Yr. CAGR %	-37.08	300.6	1.19K	-29.69	-31.68
Accounts Receivable, 2 Yr. CAGR %	7.39	7.51	-2.21	-1.42	-1.61
Net Property, Plant and Equip., 2 Yr. CAGR %	49.84	-12.73	-10.39	-8.63	-7.04
Total Assets, 2 Yr. CAGR %	30.87	97	28.24	15.71	227.45
Tangible Book Value, 2 Yr. CAGR %	2.18	38.74	-16.77	48.71	589.8
Common Equity, 2 Yr. CAGR %	2.18	38.74	-16.77	48.71	589.8
Cash From Operations, 2 Yr. CAGR %	124.62	24.16	-75.53	-63.19	306.4
Capital Expenditures, 2 Yr. CAGR %	-26.97	-48.45	-17.48	4.2	132.84
Levered Free Cash Flow, 2 Yr. CAGR %	754.27	846.61	-3.33	-20.54	18.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	754.85	844.9	-4.53	-20.85	18.7
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.55	0.87	0.88	1.07	-3.19
Gross Profit, 3 Yr. CAGR %	-1.45	1.7	0.85	-0.29	-7.27
EBITDA, 3 Yr. CAGR %	-85.11	430.39	450.25	618.37	33.54
EBITA, 3 Yr. CAGR %	-42.91	481.93	983.84	103.63	33.17
EBIT, 3 Yr. CAGR %	-42.91	481.93	983.84	103.63	33.17
Earnings From Cont. Operations, 3 Yr. CAGR %	-25.5	187.64	249.75	284.93	29.64
Net Income, 3 Yr. CAGR %	-25.5	187.64	249.75	284.93	29.64
Normalized Net Income, 3 Yr. CAGR %	-34.64	240.89	438.63	103.93	33.06
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.9	200.47	239.09	223.55	4.28
Accounts Receivable, 3 Yr. CAGR %	6.03	3.41	4.85	-2.33	-1.17
Net Property, Plant and Equip., 3 Yr. CAGR %	29.76	25.79	-11.64	-9.54	-7.84
Total Assets, 3 Yr. CAGR %	16.24	60.79	38.03	48.12	93.68
Tangible Book Value, 3 Yr. CAGR %	-2.85	22.72	-9.01	57.6	165.06
Common Equity, 3 Yr. CAGR %	-2.99	22.72	-9.01	57.6	165.06
Cash From Operations, 3 Yr. CAGR %	-11.87	106.69	-62.5	-38.11	-17.32
Capital Expenditures, 3 Yr. CAGR %	-2.85	-26.61	-37.5	-6.99	70.78
Levered Free Cash Flow, 3 Yr. CAGR %	156.34	481.59	213.36	19.66	-29.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	156.46	480.89	210.89	19.15	-30.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.93	-0.11	-0.18	-0.06	-0.96
Gross Profit, 5 Yr. CAGR %	-1.89	-0.08	-0.54	-0.6	-2.87
EBITDA, 5 Yr. CAGR %	-71.22	44.64	70.13	83.77	200.08
EBITA, 5 Yr. CAGR %	-36.72	48.25	77.1	95.96	350.19
EBIT, 5 Yr. CAGR %	-36.72	48.25	77.1	95.96	350.19
Earnings From Cont. Operations, 5 Yr. CAGR %	-41.08	42.16	140.69	80.33	102.39
Net Income, 5 Yr. CAGR %	-41.08	42.16	140.69	80.33	102.39
Normalized Net Income, 5 Yr. CAGR %	-32.06	47.82	79.25	52.55	195.64
Diluted EPS Before Extra, 5 Yr. CAGR %	-38.93	46.17	141.65	68.07	78.65
Accounts Receivable, 5 Yr. CAGR %	23.85	17.97	2.65	1.45	2.22
Net Property, Plant and Equip., 5 Yr. CAGR %	12.16	12.47	11.9	10.69	-9.83
Total Assets, 5 Yr. CAGR %	17.41	35.87	20.9	40.96	95
Tangible Book Value, 5 Yr. CAGR %	4.71	12.48	-8.68	32.52	104.59
Common Equity, 5 Yr. CAGR %	3.97	12.13	-8.75	32.52	104.59
Cash From Operations, 5 Yr. CAGR %	-18.56	-3.23	-47.21	3.65	-2.72
Capital Expenditures, 5 Yr. CAGR %	0.94	2.98	-8.99	-15.56	5.77
Levered Free Cash Flow, 5 Yr. CAGR %	56.12	100.22	73.21	162.16	98.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.16	100.08	72.39	161.57	98.08