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How STRATEGY INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$477M · 100%Cost of revenue$149M · 31%Gross profit$328M · 69%Operating income−$5.4B · −1141%Income before tax−$5.5B · −1158%Income tax−$1.7B · −352%Net income−$3.8B · −806%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$477M100%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
Cost of revenue$149M31%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
$328M69%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
−$5.4B−1141%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
Income before tax−$5.5B−1158%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
Income tax−$1.7B−352%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
−$3.8B−806%
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001050446-26-000020 · filed Feb 19, 2026
· event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set
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