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Strategy Free Cash Flow 2009-2026 | MSTR

Annual FY2009–FY2025 · quarterly through Q3 FY2026

Latest annual · FY2025

−$75.5M

−34.7%YoY vs FY2024Source: 10-KFY2025

From $78.2M in FY2009 to −$75.5M in FY2025.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$13M+354.3%−$6M+84.0%$4M+135.6%Not reported
FY25−$5M−119.0%−$37M−53.9%−$11M+73.2%−$22M−26.2%
FY24$27M−26.7%−$24M−25.9%−$41M−367.7%−$18M−2203.7%
FY23$37M−14.3%−$19M+11.9%−$9M−395.5%$837K+104.4%
FY22$43M−30.9%−$22M−265.9%−$2M−113.4%−$19M−877.3%
Share54%27%9%9%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionDeclining
CAGR

N/A

FY2020
$50.0M
FY2025
−$75.5M

5 years selected · on the chart

Free Cash Flow History

Year-over-year comparison from 10-K annual reports

  1. −$75.5M
YoY changeLargest recent move−99.2%in FY22Latest −34.7%

4 older moves run past ±150% (largest +6546.1%); point at, tap or drag across the bars to read one.

Free Cash Flow, period by period

PeriodValueChangeSource
FY2025−$75.5M−34.7%10-K
FY2024−$56.0M−673.1%10-K
FY2023$9.8M+1248.1%10-K
FY2022$725,000−99.2%10-K
FY2021$91.1M+82.4%10-K
FY2020$50.0M−1.4%10-K
FY2019$50.7M+1240.5%10-K
FY2018$3.8M−94.9%10-K
FY2017$74.3M−31.3%10-K
FY2016$108.3M−26.0%10-K
FY2015$146.2M+6546.1%10-K
FY2014$2.2M−88.4%10-K
FY2013$18.9M−6.8%10-K
FY2012$20.3M−16.0%10-K
FY2011$24.1M−59.5%10-K
FY2010$59.5M−23.8%10-K
FY2009$78.2M—10-K

What is Strategy's current free cash flow?

Strategy (MSTR) annual free cash flow for 2025 was $-75.5M, a 34.71% decline from 2024. Strategy free cash flow for the quarter ending September 30, 2026 was $4.0M.

What was Strategy's free cash flow in 2024?

Strategy annual free cash flow for 2024 was $-56.0M, a 673.05% decline from 2023.

What was Strategy's free cash flow in 2023?

Strategy annual free cash flow for 2023 was $9.8M, a 1248.14% increase from 2022.

Company
Strategy
Ticker
MSTR
Sector
Other
Industry
Finance Services