Strategy Inc

STRD

$75.85

+3.53%

2026-09-03 16:00:00 EDT+$2.59

Technology

Software - Application

NASDAQ

Active Trading

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through ...

Price Action of STRD

$75.85

+3.53%+$2.59

High—

Low—

52W High-1.3%

Rel. vol—

Interval

Range4.4h

Volume—SMA5SMA10

—

Strategy Inc., formerly MicroStrategy, is an American technology company headquartered in Tysons Corner, Virginia. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the company went public in 1998 on NASDAQ. It specializes in enterprise analytics and mobility software, providing platforms through licensing and cloud-based subscriptions. Its ...Strategy Inc., formerly MicroStrategy, is an American technology company headquartered in Tysons Corner, Virginia. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the company went public in 1998 on NASDAQ. It specializes in enterprise analytics and mobility software, providing platforms through licensing and cloud-based subscriptions. Its flagship product, Hyper, supports business intelligence, mobile app development, and AI-driven analytics. Strategy is also a prominent Bitcoin treasury company, holding significant BTC reserves, and positions itself as the world's first and largest Bitcoin treasury company. The company serves various industries including finance, retail, and healthcare, and operates globally. With approximately 1,500 employees, it focuses on innovation in data analytics, cloud services, and digital transformation. Leadership includes Executive Chairman Michael Saylor and CEO Phong Le. Despite recent losses and high volatility, the company maintains strong brand recognition and market presence, as evidenced by its high price-to-sales ratio and substantial market cap. Its business model combines software sales with Bitcoin investments, offering unique exposure to both technology and cryptocurrency markets.ExpandCollapse

Founded

1989

Employees

1539

CEO

Phong Q. Le

Full Name

Strategy Inc

Sector

Technology

Industry

Software - Application

ROE

-60.79%

Market Cap

$25.09B

Current Ratio

5.39

WACC

16.03%

ROIC

-805.75%

Contact Information

https://www.strategy.com

1 703-848-8600

1850 Towers Crescent Plaza, Tysons Corner, VA 22182, Tysons Corner, VA 22182

Key Metrics of STRD

Snapshot

Latest / TTM · 6 periods

Market Cap

$25.09B

ROCE

-16.0%

EV / EBITDA

-2.43x

-7.1% YoY

FCF Yield

23.7%

+131.3% YoY

Cash Conversion Cycle

10.8d

Current Ratio

5.39

Quick take

TTM —

Positive CCC

Financial Highlights of STRD

Profitability trend

Latest / TTM · 6 periods

Gross Margin

67.6%

Net Margin

-6103.0%

P/E Ratio

-1.51x

n/a

Debt / Equity

0.15

n/a

Current Ratio

5.39

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of STRD

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $13.29 · Revenue $128.33M · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $16.75 · Revenue $126.26M · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-23.02 · Revenue $500.62M · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $1.92 · Revenue $129.58M · 1 analysts

Recent history

Aug 3, 2026
Q2 FY2026 · Results reported
EPS $-24.45 · Revenue $122.37M
View filing
Jun 30, 2026
Dividend payment
$0.00 per share
Jun 15, 2026
Ex-dividend date
$0.00 per share
Mar 31, 2026
Q1 FY2026 · Results reported
EPS $-38.25 · Revenue $124.30M
Dec 31, 2025
FY2025 · Annual results
EPS $-15.23 · Revenue $477.23M
Sep 30, 2025
Q3 FY2025 · Results reported
EPS $8.42 · Revenue $128.69M

Financial Statements of STRD

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$477.2M	+3.0%	-1.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-3.8B	-229.8%	+34.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+68.7%	-4.7%	-0.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-1140.8%	-185.3%	-56543.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-806.3%	-220.3%	+33.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-22.6B	-2.0%	+200.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-4731.3%	+1.0%	+201.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	16.1%	-59.4%	-17.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	5.62x	+691.1%	-11.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$61.6B	+138.5%	-3.1%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-15.23 vs 16.51	-192.3%	-24.45 vs 13.29	-284.0%
Revenue Surprise	$477.2M vs $473.3M	+0.8%	$122.4M vs $128.3M	-4.6%

Insider Transactions of STRD

Acquisitions (A)

Since Dec 30, 2006

Disposals (D)

Since Dec 30, 2006

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Dec 30, 2006	BERKLEY WILLIAM R JR	director	Common Stock	A	400	$1.19
Dec 30, 2006	BERKLEY WILLIAM R JR	director	Stock Option (Right to Buy)	D	400	$1.19
Dec 30, 2006	POLAN JOSHUA A	director	Common Stock	A	400	$1.19
Dec 30, 2006	POLAN JOSHUA A	director	Stock Option (Right to Buy)	D	400	$1.19

Earnings Call Transcript of STRD

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good afternoon. My name is Leo, and I will be your conference operator today. At this time, I would like to welcome everyone to the Hercules Capital Second Quarter 2026 Financial Results Conference Call. All participant lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at that time, please press star one on your telephone keypad. Please be advised that today's conference may be recorded. Lastly, if you should require operator assistance, please press star zero. I will now turn the call over to Michael Hara, Managing Director of Investor Relations. Please go ahead. Michael Hara: Thank you, Leo. Good afternoon, everyone, and welcome to the Hercules conference call for the second quarter of 2026. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer, Seth Meyer, President, and Andrew Olson, CFO. Hercules financial results were released just after today's market close and can be accessed from the Hercules Investor Relations section at investor.htgc.com. An archive webcast replay will be available on the investor relations webpage following the conference call. During this call, we may make forward-looking statements based on our own assumptions and current expectations. These forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Actual financial results may differ from the forward-looking statements made during this call for a number of reasons, including but not limited to, the risks identified in our annual report on Form 10-K and other filings that are publicly available on the SEC's website. Any forward-looking statements made during this call are made only as of today's date, and Hercules assumes no obligation to update any such statements in the future. With that, I'll turn the call over to Scott. Scott Bluestein: Thank you, Michael, and thank you all for joining the Hercules Capital Q2 2026 earnings call. In the second quarter of 2026, Hercules delivered another strong quarter of record operating performance, strong originations, and stable credit. During the quarter, we continued to navigate through a period of general volatility, although the broader market backdrop improved relative to Q1. The three themes that guided us in Q1, disciplined and conservative new underwriting, maintaining a strong and flexible balance sheet, and being proactive in terms of managing credit, continued to be our focus in Q2. As of the end of Q2, our balance sheet and liquidity position is strong, our portfolio credit performance remains stable, and our investment portfolio continued to generate net investment income in Q2 that comfortably covered our base shareholder distribution by 125%. Coming off a record-breaking Q1 for originations, our platform continued to see robust deal flow in Q2. For the first half of …

Leadership Team of STRD

12 executives

Name	Title	Compensation	Gender	Year Born	Status
Phong Q. Le	President, Chief Executive Officer & Director	USD 2,610,881	Male	1977	Active
Andrew Kang	Executive VP, CFO & Principal Accounting Officer	USD 1,242,923	Male	1976	Active
Michael J. Saylor	Executive Chairman	USD 780,732	Male	1965	Active
Thomas C. Chow	Executive VP, General Counsel & Corporate Secretary	USD 422,721	Male	1979	Active
Chaitanya Jain	Head of Investor Relations	—	Male	—	Active
Jeanine J. Montgomery	Senior Vice President & Chief Accounting Officer	—	Female	1962	Active
Jeremy Price	Senior Vice President of Financial Planning & Analysis	—	Male	—	Active
Saurabh Abhyankar	Executive Vice President & Chief Product Officer	—	Male	—	Active
Shirish Jajodia	Corporate Treasurer & Head of Investor Relations	—	Male	1989	Active
Reza Virasteh	Executive Vice President of Operations	—	Male	—	Active
Ponna Arumugam	Executive Vice President & Chief Technology Officer	—	Female	—	Active
Joty Paparello	Executive Vice President & Chief Human Resource Officer	—	Female	—	Active

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Strategy Inc

Contact Information

Upcoming

Q3 FY2026 · Estimated results

Q4 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Recent history

Q2 FY2026 · Results reported

Dividend payment

Ex-dividend date

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Related stocksSoftware - Application

Upcoming

Q3 FY2026 · Estimated results

Q4 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Recent history

Q2 FY2026 · Results reported

Dividend payment

Ex-dividend date

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported