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Side-by-side financial comparison of Strategy Inc (STRF) and Strategy Inc (STRK), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Strategy Inc is the larger business by last-quarter revenue ($128.7M vs $128.7M, roughly 1.0× Strategy Inc).
Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Busin...
Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Busin...
Income Statement — Q1 2026 vs Q1 2026
| Metric |  |  |
|---|---|---|
| Revenue | $128.7M | $128.7M |
| Net Profit | $2.8B | $2.8B |
| Gross Margin | 70.5% | 70.5% |
| Operating Margin | — | — |
| Net Margin | 2164.1% | 2164.1% |
| Revenue YoY | 10.9% | 10.9% |
| Net Profit YoY | 918.7% | 918.7% |
| EPS (diluted) | $8.42 | $8.42 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q3 25 | $128.7M | $128.7M | ||
| Q2 25 | $114.5M | $114.5M | ||
| Q1 25 | $111.1M | $111.1M | ||
| Q4 24 | $120.7M | $120.7M | ||
| Q3 24 | $116.1M | $116.1M | ||
| Q2 24 | $111.4M | $111.4M | ||
| Q1 24 | $115.2M | $115.2M | ||
| Q4 23 | $124.5M | $124.5M |
| Q3 25 | $2.8B | $2.8B | ||
| Q2 25 | $10.0B | $10.0B | ||
| Q1 25 | $-4.2B | $-4.2B | ||
| Q4 24 | $-670.8M | $-670.8M | ||
| Q3 24 | $-340.2M | $-340.2M | ||
| Q2 24 | $-102.6M | $-102.6M | ||
| Q1 24 | $-53.1M | $-53.1M | ||
| Q4 23 | $89.1M | $89.1M |
| Q3 25 | 70.5% | 70.5% | ||
| Q2 25 | 68.8% | 68.8% | ||
| Q1 25 | 69.4% | 69.4% | ||
| Q4 24 | 71.7% | 71.7% | ||
| Q3 24 | 70.4% | 70.4% | ||
| Q2 24 | 72.2% | 72.2% | ||
| Q1 24 | 74.0% | 74.0% | ||
| Q4 23 | 77.3% | 77.3% |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -5331.4% | -5331.4% | ||
| Q4 24 | -842.1% | -842.1% | ||
| Q3 24 | -372.7% | -372.7% | ||
| Q2 24 | -179.7% | -179.7% | ||
| Q1 24 | -176.8% | -176.8% | ||
| Q4 23 | -34.4% | -34.4% |
| Q3 25 | 2164.1% | 2164.1% | ||
| Q2 25 | 8752.7% | 8752.7% | ||
| Q1 25 | -3797.2% | -3797.2% | ||
| Q4 24 | -555.8% | -555.8% | ||
| Q3 24 | -293.1% | -293.1% | ||
| Q2 24 | -92.0% | -92.0% | ||
| Q1 24 | -46.1% | -46.1% | ||
| Q4 23 | 71.6% | 71.6% |
| Q3 25 | $8.42 | $8.42 | ||
| Q2 25 | $32.60 | $32.60 | ||
| Q1 25 | $-16.49 | $-16.49 | ||
| Q4 24 | $-3.46 | $-3.46 | ||
| Q3 24 | $-1.72 | $-1.72 | ||
| Q2 24 | $-0.57 | $-0.57 | ||
| Q1 24 | $-0.31 | $-0.31 | ||
| Q4 23 | $-29.66 | $-29.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $54.3M | $54.3M |
| Total DebtLower is stronger | $8.2B | $8.2B |
| Stockholders' EquityBook value | $52.3B | $52.3B |
| Total Assets | $73.6B | $73.6B |
| Debt / EquityLower = less leverage | 0.16× | 0.16× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q3 25 | $54.3M | $54.3M | ||
| Q2 25 | $50.1M | $50.1M | ||
| Q1 25 | $60.3M | $60.3M | ||
| Q4 24 | $38.1M | $38.1M | ||
| Q3 24 | $46.3M | $46.3M | ||
| Q2 24 | $66.9M | $66.9M | ||
| Q1 24 | $81.3M | $81.3M | ||
| Q4 23 | $46.8M | $46.8M |
| Q3 25 | $8.2B | $8.2B | ||
| Q2 25 | $8.2B | $8.2B | ||
| Q1 25 | $8.1B | $8.1B | ||
| Q4 24 | $7.2B | $7.2B | ||
| Q3 24 | $4.2B | $4.2B | ||
| Q2 24 | $3.8B | $3.8B | ||
| Q1 24 | $3.6B | $3.6B | ||
| Q4 23 | $2.2B | $2.2B |
| Q3 25 | $52.3B | $52.3B | ||
| Q2 25 | $47.5B | $47.5B | ||
| Q1 25 | $32.2B | $32.2B | ||
| Q4 24 | $18.2B | $18.2B | ||
| Q3 24 | $3.8B | $3.8B | ||
| Q2 24 | $2.8B | $2.8B | ||
| Q1 24 | $2.4B | $2.4B | ||
| Q4 23 | $2.2B | $2.2B |
| Q3 25 | $73.6B | $73.6B | ||
| Q2 25 | $64.8B | $64.8B | ||
| Q1 25 | $43.9B | $43.9B | ||
| Q4 24 | $25.8B | $25.8B | ||
| Q3 24 | $8.3B | $8.3B | ||
| Q2 24 | $7.1B | $7.1B | ||
| Q1 24 | $6.4B | $6.4B | ||
| Q4 23 | $4.8B | $4.8B |
| Q3 25 | 0.16× | 0.16× | ||
| Q2 25 | 0.17× | 0.17× | ||
| Q1 25 | 0.25× | 0.25× | ||
| Q4 24 | 0.39× | 0.39× | ||
| Q3 24 | 1.12× | 1.12× | ||
| Q2 24 | 1.36× | 1.36× | ||
| Q1 24 | 1.48× | 1.48× | ||
| Q4 23 | 1.01× | 1.01× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.3M | $-8.3M |
| Free Cash FlowOCF − Capex | $-11.1M | $-11.1M |
| FCF MarginFCF / Revenue | -8.6% | -8.6% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 2.2% | 2.2% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | -0.00× | -0.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-70.8M | $-70.8M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q3 25 | $-8.3M | $-8.3M | ||
| Q2 25 | $-34.9M | $-34.9M | ||
| Q1 25 | $-2.4M | $-2.4M | ||
| Q4 24 | $-17.3M | $-17.3M | ||
| Q3 24 | $-41.0M | $-41.0M | ||
| Q2 24 | $-23.3M | $-23.3M | ||
| Q1 24 | $28.6M | $28.6M | ||
| Q4 23 | $1.2M | $1.2M |
| Q3 25 | $-11.1M | $-11.1M | ||
| Q2 25 | $-37.0M | $-37.0M | ||
| Q1 25 | $-5.1M | $-5.1M | ||
| Q4 24 | $-17.6M | $-17.6M | ||
| Q3 24 | $-41.4M | $-41.4M | ||
| Q2 24 | $-24.1M | $-24.1M | ||
| Q1 24 | $27.0M | $27.0M | ||
| Q4 23 | $837.0K | $837.0K |
| Q3 25 | -8.6% | -8.6% | ||
| Q2 25 | -32.3% | -32.3% | ||
| Q1 25 | -4.6% | -4.6% | ||
| Q4 24 | -14.6% | -14.6% | ||
| Q3 24 | -35.7% | -35.7% | ||
| Q2 24 | -21.6% | -21.6% | ||
| Q1 24 | 23.5% | 23.5% | ||
| Q4 23 | 0.7% | 0.7% |
| Q3 25 | 2.2% | 2.2% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.5% | 2.5% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.6% | 0.6% | ||
| Q1 24 | 1.3% | 1.3% | ||
| Q4 23 | 0.3% | 0.3% |
| Q3 25 | -0.00× | -0.00× | ||
| Q2 25 | -0.00× | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 0.01× | 0.01× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
STRF
| Current Deferred Revenue And Advanced Payments | $52.2M | 41% |
| Subscription And Circulation | $46.0M | 36% |
| License | $17.4M | 13% |
| Technology Service | $14.2M | 11% |
STRK
| Current Deferred Revenue And Advanced Payments | $52.2M | 41% |
| Subscription And Circulation | $46.0M | 36% |
| License | $17.4M | 13% |
| Technology Service | $14.2M | 11% |
