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Balance Sheet - Strategy Inc (MSTR)

$ (Billion, Million)
Dec-25 Dec-24 Dec-23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Dec-17 Dec-16 Dec-15 Dec-14 Dec-13 Dec-12 Dec-11 Dec-10 Dec-09 Dec-08 Dec-07 Dec-06
Total cash and short-term investments + 2,303.34 38.12 46.82 43.84 63.36 59.68 565.65 576.11 675.17 589.38 485.66 345.47 357.37 223.08 199.92 174.38 225.32 123.53 88.18 79.00
Accounts receivable, net 205.75 181.20 183.82 189.28 189.28 197.46 163.52 171.36 165.36 83.32 68.15 78.63 86.18 89.04 94.72 82.06 56.40 49.67 52.21 54.47
Inventories 7.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.42 36.88
Other current assets 55.05 33.00 37.26 31.45 15.33 15.48 24.28 30.93 20.12 12.29 11.50 38.27 36.40 49.93 48.85 40.71 24.05 4.96 45.32 41.94
Total current assets 2,564.14 252.32 267.90 264.57 267.97 272.62 753.45 778.40 860.65 684.99 565.31 462.37 479.95 362.04 343.21 296.86 305.22 214.43 182.72 175.41
Total non-current assets + 59,076.95 25,591.36 4,494.63 2,145.71 3,289.16 1,192.99 163.13 77.37 72.57 83.33 91.58 96.43 105.57 115.90 110.65 84.71 78.11 77.71 58.66 73.41
Total assets 61,641.08 25,843.69 4,762.53 2,410.27 3,557.12 1,465.61 916.57 855.77 933.22 768.32 656.89 558.80 585.51 477.94 453.85 381.57 383.33 292.14 241.39 248.82
Total current liabilities + 456.49 355.38 323.27 317.40 311.99 285.62 269.82 258.27 184.86 185.49 172.66 197.30 233.52 219.16 218.39 186.57 152.64 143.15 126.99 112.83
Total non-current liabilities + 10,141.62 7,258.32 2,274.28 2,475.99 2,266.18 626.95 138.19 67.77 60.33 30.66 28.96 37.03 41.67 58.47 66.48 45.82 16.47 10.95 11.07 2.84
Total liabilities 10,598.11 7,613.70 2,597.56 2,793.39 2,578.17 912.57 408.01 326.04 327.49 216.14 201.61 234.33 275.19 277.63 284.87 232.39 169.10 154.10 138.06 115.67
Total stockholders' equity + 51,042.97 18,229.98 2,164.97 -383.12 978.96 553.05 508.56 529.73 590.54 552.18 455.28 324.47 310.33 200.31 168.98 149.17 214.23 138.04 103.33 133.15
Common shares outstanding 294 193 166 113 100 97 103 114 115 115 115 114 113 112 111 118 123 123 129 136
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Balance Sheet - Strategy Inc (MSTR)

$ (Billion, Million)
Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Dec-17 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Jun-16 Mar-16 Dec-15 Sep-15 Jun-15 Mar-15 Dec-14 Sep-14 Jun-14 Mar-14 Dec-13 Sep-13 Jun-13 Mar-13 Dec-12 Sep-12 Jun-12 Mar-12 Dec-11 Sep-11 Jun-11 Mar-11 Dec-10 Sep-10 Jun-10 Mar-10 Dec-09 Sep-09 Jun-09 Mar-09 Dec-08 Sep-08 Jun-08 Mar-08 Dec-07 Sep-07 Jun-07 Mar-07 Dec-06 Sep-06 Jun-06 Mar-06
Total cash and short-term investments + 2,207.22 2,301.47 54.29 50.10 62.26 38.12 46.34 66.92 81.33 46.82 45.01 65.97 94.31 43.84 60.39 69.39 92.68 63.36 56.98 56.40 82.54 59.68 53.88 530.87 539.22 565.65 578.29 574.85 551.06 576.11 699.18 699.59 695.47 675.17 646.10 632.40 618.49 589.38 578.90 550.09 536.30 485.66 456.88 427.90 391.82 345.47 354.60 367.54 365.83 357.37 343.95 317.78 330.40 223.08 216.84 195.79 211.47 199.92 186.71 193.50 203.46 174.38 185.36 203.74 232.89 225.32 200.99 177.69 162.74 123.53 127.80 121.90 102.10 88.18 78.60 76.15 66.99 79.00 47.84 46.96 70.78
Accounts receivable, net 122.26 205.75 113.41 117.87 107.29 181.20 107.17 112.23 115.15 183.82 128.65 121.90 140.18 189.28 109.93 118.65 126.93 189.28 123.75 131.52 150.63 197.46 149.61 123.79 124.94 163.52 118.00 129.14 133.92 171.36 110.76 125.12 147.33 69.50 66.34 68.01 73.39 83.32 58.05 54.89 56.56 68.15 55.04 56.04 58.44 78.63 57.51 57.53 67.74 86.18 62.87 73.40 69.49 89.04 75.47 78.89 76.85 94.72 77.08 70.97 64.09 82.06 57.73 52.61 43.32 56.40 56.01 41.60 37.97 49.67 45.20 40.41 44.73 49.39 52.78 41.22 34.14 54.47 41.70 34.07 37.70
Inventories 0.00 1.87 2.09 2.15 7.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.42 36.88 36.60 40.74 43.81
Other current assets 61.75 56.92 46.26 45.50 34.07 33.00 32.53 29.11 45.12 37.26 25.91 21.77 23.03 31.45 31.98 31.65 27.38 15.33 16.90 20.54 17.58 15.48 14.94 18.11 28.91 24.28 25.46 23.30 33.43 30.93 28.53 28.83 33.68 18.94 18.41 14.78 12.57 12.29 12.16 16.06 15.26 11.50 24.94 29.52 33.17 38.27 52.14 41.42 28.79 36.40 34.83 31.07 31.72 49.93 43.41 40.46 44.83 48.85 47.01 41.28 42.52 40.71 33.74 31.51 26.17 24.05 25.32 25.55 24.87 4.96 7.66 6.55 5.20 48.14 41.28 45.00 51.74 41.94 40.26 38.67 38.74
Total current assets 2,391.22 2,564.14 213.95 213.46 203.61 252.32 186.04 208.27 241.59 267.90 199.57 209.63 259.68 264.57 202.29 219.68 246.99 267.97 197.62 208.46 250.75 272.62 218.44 672.77 693.06 753.45 721.75 727.29 718.41 778.40 838.47 853.54 876.48 763.61 730.85 715.18 704.46 684.99 649.12 621.03 608.12 565.31 536.85 513.45 483.43 462.37 464.26 466.49 462.36 479.95 441.65 422.24 431.40 362.04 335.50 314.90 332.82 343.21 310.39 305.28 309.75 296.86 275.77 286.80 301.35 305.22 282.00 243.32 225.03 214.43 216.75 209.59 195.83 182.72 169.79 162.37 152.87 175.41 129.80 119.70 147.22
Total non-current assets + 51,877.53 59,076.95 73,405.09 64,559.95 43,716.15 25,591.36 8,157.54 6,844.80 6,109.95 4,494.63 3,174.38 3,153.47 2,766.73 2,145.71 2,342.99 2,348.68 3,391.40 3,289.16 2,788.62 2,415.90 2,192.33 1,192.99 554.47 160.27 156.21 163.13 166.96 172.43 169.93 77.37 75.04 73.79 73.43 72.12 82.80 81.91 82.08 83.33 86.39 88.60 85.06 91.58 91.10 97.69 98.44 96.43 95.48 101.87 106.20 105.57 111.03 113.87 114.73 115.90 120.44 119.42 115.64 110.65 104.80 97.82 83.79 84.71 80.20 78.48 74.15 78.11 64.56 70.94 78.89 77.71 82.14 57.27 56.84 58.66 60.25 63.72 62.04 73.41 80.32 88.75 94.88
Total assets 54,268.75 61,641.08 73,619.04 64,773.42 43,919.76 25,843.69 8,343.58 7,053.07 6,351.54 4,762.53 3,373.94 3,363.10 3,026.40 2,410.27 2,545.29 2,568.37 3,638.39 3,557.12 2,986.24 2,624.36 2,443.08 1,465.61 772.91 833.05 849.27 916.57 888.72 899.72 888.34 855.77 913.50 927.33 949.91 835.73 813.65 797.10 786.54 768.32 735.51 709.63 693.18 656.89 627.95 611.14 581.87 558.80 559.73 568.36 568.56 585.51 552.68 536.12 546.13 477.94 455.94 434.32 448.45 453.85 415.19 403.09 393.54 381.57 355.97 365.28 375.50 383.33 346.57 314.27 303.92 292.14 298.89 266.86 252.67 241.39 230.04 226.08 214.91 248.82 210.12 208.45 242.10
Total current liabilities + 395.06 456.49 324.09 314.57 308.69 355.38 288.11 446.06 309.81 323.27 267.72 272.93 312.40 317.40 260.52 274.10 304.88 311.99 253.91 275.00 283.62 285.62 243.69 239.92 252.64 269.82 230.70 250.65 264.01 258.27 211.86 236.65 261.75 184.86 176.83 181.59 185.95 185.49 183.11 189.12 195.88 172.66 181.18 188.22 197.34 197.30 222.52 230.86 228.72 233.52 219.44 209.23 216.62 219.16 205.14 193.82 218.41 218.39 193.45 192.23 190.45 186.57 166.87 152.95 150.59 152.64 139.40 130.77 130.64 143.15 163.19 141.04 133.11 126.99 116.49 114.00 115.60 112.83 102.47 98.66 95.73
Total non-current liabilities + 8,237.41 10,141.62 15,177.90 14,087.88 10,085.34 7,258.32 4,281.82 3,772.21 3,641.63 2,274.28 2,265.83 2,271.06 2,270.79 2,475.99 2,485.06 2,481.33 2,470.51 2,266.18 2,271.02 2,271.94 1,794.42 626.95 139.92 134.67 135.21 138.19 142.60 146.38 146.03 67.77 66.22 70.32 74.58 60.33 24.49 25.82 28.55 30.66 32.50 30.86 29.45 28.96 38.27 42.23 36.21 37.03 38.15 39.38 34.19 41.67 41.16 53.43 54.67 58.47 60.39 61.26 59.51 66.48 57.76 54.37 49.42 45.82 31.86 23.05 19.05 16.47 14.72 12.76 12.71 10.95 11.22 11.41 12.01 11.07 4.20 4.75 3.88 2.84 3.37 3.78 4.31
Total liabilities 8,632.47 10,598.11 15,501.99 14,402.45 10,394.03 7,613.70 4,569.93 4,218.27 3,951.43 2,597.56 2,533.55 2,543.99 2,583.19 2,793.39 2,745.58 2,755.43 2,775.39 2,578.17 2,524.93 2,546.94 2,078.04 912.57 383.61 374.59 387.85 408.01 373.30 397.03 410.04 326.04 278.08 306.97 336.33 245.19 201.31 207.41 214.50 216.14 215.61 219.98 225.33 201.61 219.44 230.45 233.55 234.33 260.67 270.23 262.91 275.19 260.60 262.66 271.30 277.63 265.52 255.08 277.92 284.87 251.22 246.60 239.87 232.39 198.73 176.00 169.64 169.10 154.12 143.53 143.35 154.10 174.41 152.45 145.13 138.06 120.69 118.75 119.48 115.67 105.84 102.44 100.04
Total stockholders' equity + 45,636.29 51,042.97 58,117.05 50,370.97 33,525.73 18,229.98 3,773.65 2,834.80 2,400.11 2,164.97 840.40 819.12 443.21 -383.12 -200.29 -187.07 863.00 978.96 461.31 77.42 365.04 553.05 389.29 458.46 461.43 508.56 515.42 502.69 478.31 529.73 635.42 620.36 613.58 590.54 612.34 589.69 572.04 552.18 519.90 489.65 467.85 455.28 408.51 380.69 348.32 324.47 299.06 298.13 305.66 310.33 292.08 273.46 274.83 200.31 190.42 179.24 170.54 168.98 163.98 156.50 153.67 149.17 157.24 189.28 205.86 214.23 192.45 170.74 160.56 138.04 124.48 114.42 107.55 103.33 109.35 107.33 95.43 133.15 104.28 106.00 142.06
Common shares outstanding 334 294 304 298 256 222 197 179 172 184 142 161 146 114 113 113 113 107 100 97 96 10 96 97 100 103 103 103 103 112 115 115 115 114 115 116 116 116 115 115 115 116 116 115 115 114 113 113 113 113 113 113 113 113 11 111 111 111 111 111 110 107 116 120 123 119 123 123 122 119 123 123 124 119 128 129 132 126 133 137 143
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