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Strategy

MSTR · Nasdaq, Nasdaq, Nasdaq, Nasdaq, Nasdaq · Finance Services
Insider buys (12 months)
$2.2M
Insider sales (12 months)
$36.1M
8-K reports (12 months)
40
Tracked investors holding
3

At a glance

Strategy reported 2025 revenue of $477.2M, up 3% from $463.5M in 2024. Over 4 years since 2021 ($510.8M), that is a decline of about 1.7% a year. Operating margin was -1140.8%, down from -153.6% in 2021. Revenue peaked in 2021 at $510.8M. The company posted a loss in 2021, 2022, 2023, 2024 and 2025.

In the last 12 months 8 insiders reported 8 open-market purchases ($2.2M) and 44 sales ($36.1M). 17 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $11.1M by President & CEO Phong Le on Jun 5, 2026. Net, insiders were sellers of $33.9M.

Strategy filed 40 current reports (Form 8-K) in the last 12 months, most often for other events (32), regulation fd disclosure (28), results of operations (3) and change to holders’ rights (2). The latest officer or director change was reported on Oct 29, 2026.

3 of the 20 investors tracked here held Strategy at the last quarter end, worth $301.4M combined. It is the largest weight for Renaissance Technologies (0.3% of its portfolio), followed by National Pension Service (Korea) (0.1%). Added: Renaissance Technologies and National Pension Service (Korea).

Annual results

2021
Revenue $510.8M
Op. -$784.5M
2022
Revenue $499.3M
Op. -$1.28B
2023
Revenue $496.3M
Op. -$115M
2024
Revenue $463.5M
Op. -$1.85B
2025
Revenue $477.2M
Op. -$5.44B
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income-$535.5M-$1.47B$429.1M-$1.17B-$3.85B
Diluted EPS$-53.44$-12.98$2.64$-6.06$-15.23

Fiscal year ends Dec 31 · incorporated in DE

Tracked investors holding (13F)

Renaissance TechnologiesAdded$222M · 0.3% · held 4 quarters
National Pension Service (Korea)Added$78.9M · 0.1% · held 4 quarters
Bridgewater AssociatesUnchanged$484K · 0.0% · held 4 quarters

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

10/28Other events2026
09/25Other events2026
07/31ExhibitsAmended2026
06/08Other events2026
05/15Other events2026

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined