For the year ending 2025-12-31, STRK had $2,263,447K increase in cash & cash equivalents over the period. -$75,453K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 477,233 | - | - | - |
| Operating Segments-Software Business | 100,665 | - | - | - |
| Corporate Non Segment | 0 | - | - | - |
| Sales and marketing-Controllable Expenses | 100,665 | - | - | - |
| Operating Segments-Software Business | 27,264 | - | - | - |
| Corporate Non Segment | 0 | - | - | - |
| Maintenance-Controllable Expenses | 27,264 | - | - | - |
| Operating Segments-Software Business | 47,513 | - | - | - |
| Corporate Non Segment | 0 | - | - | - |
| Consulting-Controllable Expenses | 47,513 | - | - | - |
| Operating Segments-Software Business | 72,973 | - | - | - |
| Corporate Non Segment | 0 | - | - | - |
| Cloud-Controllable Expenses | 72,973 | - | - | - |
| Operating Segments-Software Business | 88,361 | - | - | - |
| Corporate Non Segment | 0 | - | - | - |
| Technology-Controllable Expenses | 88,361 | - | - | - |
| Corporate resources-Controllable Expenses | 99,350 | - | - | - |
| Operating Segments-Software Business | 0 | - | - | - |
| Corporate Non Segment | 5,403,476 | - | - | - |
| Unrealized loss on digital assets-Non Controllable Expenses | 5,403,476 | - | - | - |
| Operating Segments-Software Business | 0 | - | - | - |
| Corporate Non Segment | 17,375 | - | - | - |
| Digital asset custody fees-Non Controllable Expenses | 17,375 | - | - | - |
| Share-based compensation expense-Non Controllable Expenses | 53,369 | - | - | - |
| Payroll taxes on equity award exercises and vestings-Non Controllable Expenses | 6,821 | - | - | - |
| Other segment items | 21,052 | - | - | - |
| Interest expense, net | -64,968 | - | - | - |
| Income tax benefit | -1,677,802 | - | - | - |
| Net (loss) income | - | -1,166,661 | 429,121 | -1,469,797 |
| Net income (loss) | -3,848,152 | - | - | - |
| Depreciation and amortization | 25,517 | 17,808 | 14,527 | 10,874 |
| Reduction in carrying amount of right-of-use assets | 9,068 | 8,475 | 8,643 | 8,072 |
| Credit losses and sales allowances | - | 649 | 1,387 | 939 |
| Net realized gain on short-term investments | - | - | - | 0 |
| Deferred taxes | -1,684,220 | -774,586 | -568,949 | 131,493 |
| Release of liabilities for unrecognized tax benefits | - | 1,265 | 506 | 360 |
| Share-based compensation expense | 53,369 | 77,124 | 69,571 | 63,619 |
| Unrealized loss on digital assets | 5,403,476 | - | - | - |
| Digital asset impairment losses (gains on sale), net | - | 1,789,862 | 115,851 | 1,286,286 |
| Digital asset impairment losses | 0 | - | - | - |
| Amortization of issuance costs on long-term debt | 25,410 | 15,336 | 8,808 | - |
| Gain on partial lease termination | - | - | - | 0 |
| Other | 3,484 | - | - | - |
| Amortization of issuance costs and debt discount on long-term debt | - | - | - | 8,694 |
| Loss (gain) on debt extinguishment | 0 | -22,933 | 44,686 | - |
| Accounts receivable | -20,406 | -5,688 | -10,307 | 5,292 |
| Prepaid expenses and other current assets | 28,892 | -3,804 | 11,358 | 6,342 |
| Deposits and other assets | -10,980 | 10,668 | 632 | 7,455 |
| Accounts payable and accrued expenses | 6,561 | 1,141 | -634 | -3,521 |
| Accrued compensation and employee benefits | -46,593 | -34,563 | -12,000 | -12,344 |
| Accrued interest | 70 | 4,193 | -1,336 | 1,336 |
| Deferred revenue and advance payments | -7,966 | 1,049 | 2,362 | 14,839 |
| Operating lease liabilities | -10,662 | -10,510 | -10,218 | -9,634 |
| Other long-term liabilities | 903 | -2,841 | 2,454 | -8,196 |
| Net cash provided by (used in) operating activities | -67,241 | -53,032 | 12,712 | 3,211 |
| Purchases of digital assets | - | 22,072,759 | 1,902,299 | 287,921 |
| Proceeds from sale of digital assets | - | 0 | 0 | 11,817 |
| Purchases of digital assets | 22,467,083 | - | - | - |
| Proceeds from redemption of short-term investments | - | - | - | 0 |
| Advance deposits on purchases of property and equipment | 37,000 | 10,500 | - | - |
| Purchases of property and equipment | 8,212 | 2,978 | 2,938 | 2,486 |
| Purchases of short-term investments | - | - | - | 0 |
| Net cash used in investing activities | -22,512,295 | -22,086,237 | -1,905,237 | -278,590 |
| Proceeds from convertible senior notes classified as debt | - | - | - | 0 |
| Proceeds from convertible senior notes classified as equity | - | - | - | 0 |
| Proceeds from convertible senior notes | 2,000,000 | 6,213,750 | 0 | - |
| Issuance costs paid-Convertible Debt | - | 81,033 | 0 | 0 |
| Issuance costs paid for convertible senior notes | 15,178 | - | - | - |
| Issuance costs paid-Secured Debt | - | - | 0 | 0 |
| Payments to settle conversions and redemption of convertible senior notes | 143 | 398 | - | - |
| Proceeds from secured term loan, net of lender fees | - | 0 | 0 | 204,693 |
| Issuance costs paid for secured term loan, excluding lender fees | - | 0 | 0 | 107 |
| Repayments of secured debt and third-party extinguishment costs | 0 | 515,414 | 160,033 | - |
| Proceeds from other long-term secured debt | - | 0 | 0 | 11,100 |
| Issuance costs paid for other long-term secured debt | - | 0 | 0 | 270 |
| Proceeds from other long-term secured debt, net of lender fees | 31,000 | - | 0 | 0 |
| Principal payments of other long-term secured debt | 569 | 539 | 513 | 246 |
| Proceeds from sale of preferred stock under public offerings | 7,036,110 | - | - | - |
| Issuance costs paid related to sale of stock under public offerings-Preferred Stock | 120,802 | - | - | - |
| Dividends paid on preferred stock | 381,367 | - | - | - |
| Proceeds from sale of common stock under public offerings | 16,271,959 | 16,363,023 | 2,029,214 | 46,592 |
| Issuance costs paid related to sale of common stock under public offerings | - | 33,166 | 9,141 | 358 |
| Issuance costs paid related to sale of stock under public offerings-Common Stock | 25,072 | - | - | - |
| Proceeds from exercise of stock options | 42,154 | 184,287 | 30,518 | 1,393 |
| Proceeds from sales under employee stock purchase plan-Employee Stock Purchase Program | - | 4,304 | 3,955 | 4,473 |
| Proceeds from sales under employee stock purchase plan | 5,435 | - | - | - |
| Payment of withholding tax on vesting of restricted stock units | 0 | 2,173 | 4,114 | 2,082 |
| Purchases of treasury stock | - | - | - | 0 |
| Net cash provided by financing activities | 24,843,527 | 22,132,641 | 1,889,886 | 265,188 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | -544 | -2,148 | 444 | -3,375 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 2,263,447 | -8,776 | -2,195 | -13,566 |
| Cash and cash equivalents at beginning of period | - | - | - | 64,434 |
| Cash and cash equivalents at end of period | - | - | - | 50,868 |
Strategy Inc (STRK)
Strategy Inc (STRK)