Strategy Cash Flow Statement
NASDAQ: MSTRTechnologyComputer Software: Prepackaged SoftwareUSD
154.34+2.87 (+1.89%)
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Strategy free cash flow
In fiscal 2025, Strategy generated -$67.2 million of operating cash flow and spent $8.2 million on capital expenditures. That left free cash flow of -$75.5 million, a free-cash-flow margin of -15.8% of revenue.
Summary generated from market data by MetaCap's automated system. Methodology
Strategy cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -3.85B | -1.17B | 429.12M | -1.47B | -535.48M | -7.52M | 34.35M | 22.50M | 18.20M | 92.24M |
| Net Income growth (YoY) | — | -371.87% | — | — | — | -121.90% | +52.68% | +23.67% | -80.27% | -12.93% |
| Depreciation & Amortization | 25.52M | 17.81M | 14.53M | 10.87M | 11.36M | 13.33M | 8.59M | 3.70M | 15.53M | 19.94M |
| Stock-Based Compensation | 53.37M | 77.12M | 69.57M | 63.62M | 44.13M | 11.15M | 10.21M | 14.64M | 14.27M | 11.82M |
| Change in Working Capital | -9.89M | 12.33M | 2.06M | -316.00K | 21.05M | -9.48M | 16.26M | -33.67M | 927.00K | -947.00K |
| Operating Cash Flow | -67.24M | -53.03M | 12.71M | 3.21M | 93.83M | 53.62M | 60.87M | 10.63M | 78.32M | 110.59M |
| Capital Expenditures | -8.21M | -2.98M | -2.94M | -2.49M | -2.71M | -3.65M | -10.18M | -6.85M | -3.98M | -2.34M |
| Investing Cash Flow | -22.51B | -22.09B | -1.91B | -278.59M | -2.63B | -1.02B | 353.69M | -209.06M | -69.73M | 4.34M |
| Dividends Paid | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | — | — | — | 0 | 0 | -123.22M | -72.72M | -110.98M | 0 | 0 |
| Financing Cash Flow | 24.84B | 22.13B | 1.89B | 265.19M | 2.54B | 563.23M | -66.15M | -108.52M | 1.66M | -1.00M |
| Net Change in Cash | 2.26B | -8.78M | -2.19M | -13.57M | 3.67M | -397.06M | 347.03M | -310.40M | 18.47M | 109.75M |
| Free Cash Flow | -75.45M | -56.01M | 9.77M | 725.00K | 91.13M | 49.97M | 50.69M | 3.78M | 74.34M | 108.25M |
This table shows 10 annual periods of Strategy's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MSTR's reporting calendar. What is a cash flow statement?