Strategy Inc · 2025 Q4
ReportedFeb 5, 2026
Period endedDec 31, 2025
Rule of 40-16
The quarter in short
Revenue $123M, up 1.9% year over year and down 4.4% on the quarter. EPS -$42.94. Free cash flow -$22M, down 26.2% year over year and 100.0% on the quarter. Rule of 40 score -16.
Reported this quarter
Revenue
$123M
QoQ -4.4%
YoY +1.9%
EPS
-$42.94
QoQ —
YoY -1181.8%
Free Cash Flow
-$22M
QoQ -100.0%
YoY -26.2%
Gross Margin
66.1%
QoQ -4.3 pp
YoY -5.6 pp
FCF Margin
-18.1%
QoQ -9.4 pp
YoY -3.5 pp
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Sources & downloads
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Earnings press release
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SEC filings
Filed with the SEC under CIK 1050446.
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8-K results announcement
Filed Feb 5, 2026
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Press release (EX-99.1)
Exhibit 99.1 to the 8-K
245 KB
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Period ended Dec 31, 2025, filed Feb 19, 2026
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This quarter (JSON)
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