MSTR
Strategy Inc
Stock
$160.01−0.49 (−0.31%)Close Oct 2, 2026
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$20M | −$67M | −$53M | $13M | $3.2M | $94M | $54M | $61M | $11M | $78M | $111M | $150M | $15M | $30M | $50M | $61M | $76M | $96M |
| Capital expenditures | $6.1M | $8.2M | $3.0M | $2.9M | $2.5M | $2.7M | $3.7M | $10M | $6.8M | $4.0M | $2.3M | $3.5M | $12M | $11M | $30M | $37M | $16M | $18M |
| Free cash flow | −$26M | −$75M | −$56M | $9.8M | $725K | $91M | $50M | $51M | $3.8M | $74M | $108M | $146M | $2.2M | $19M | $20M | $24M | $60M | $78M |
| Stock-based compensation | $53M | $53M | $77M | $70M | $64M | $44M | $11M | $10M | $15M | $14M | $12M | $17M | $12M | $2.1M | $0 | $0 | — | — |
| Buybacks | — | — | — | — | $0 | $0 | $123M | $73M | $111M | $0 | $0 | — | — | — | $0 | $0 | $109M | $0 |
| Dividends paid | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Free cash flow margin | −5.3% | −15.8% | −12.1% | 2.0% | 0.1% | 17.8% | 10.4% | 10.4% | 0.8% | 14.8% | 21.1% | 27.6% | 0.4% | 3.3% | 3.6% | 4.5% | 13.1% | 20.7% |