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 |
Show Quarterly Balance Sheet
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 |