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Strategy Inc

Finance Services·TYSONS CORNER, VA·FY end 06/30·CIK 1050446

CEO Pay Ratio

168:1

Phong Q. Le

CEO Total Comp

$13.8M

Phong Q. Le

Median Employee

$82,083

Revenue

$477.2M

FY 2025

Net Income

-$3.8B

FY 2025

Free Cash Flow

-$75.5M

FY 2025

Net Margin

-806.3%

Insider Net (180d)

-$3.2M

4 buys / 40 sales

CEO Pay Accountability

CEO comp as % of net income

-0.36%

For every $1,000 of profit, $-3.58 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$477.2M	$463.5M	$496.3M	$499.3M	$510.8M
Gross Profit	$327.8M	$334.0M	$386.3M	$396.3M	$418.9M
Operating Income	-$5.4B	-$1.9B	-$115.0M	-$1.3B	-$784.5M
Net Income	-$3.8B	-$1.2B	$429.1M	-$1.5B	-$535.5M
Operating CF	-$67.2M	-$53.0M	$12.7M	$3.2M	$93.8M
Capex	$8.2M	$3.0M	$2.9M	$2.5M	$2.7M
Free Cash Flow	-$75.5M	-$56.0M	$9.8M	$725.0K	$91.1M
Buybacks	—	—	—	$0	$0
Dividends	—	—	—	—	—	—

Gross Margin	68.7%	72.1%	77.8%	79.4%	82.0%
Operating Margin	-1140.8%	-399.8%	-23.2%	-255.5%	-153.6%
Net Margin	-806.3%	-251.7%	86.5%	-294.4%	-104.8%
FCF Margin	-15.8%	-12.1%	2.0%	0.1%	17.8%
R&D / Revenue	19.7%	25.6%	24.3%	25.5%	22.9%
Effective Tax	30.4%	39.7%	444.6%	-11.1%	34.0%
Debt / Equity	0.37	0.79	2.02	-12.42	4.40
Buybacks / FCF	—	—	—	0.0%	0.0%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Phong Q. LePresident & Chief Executive Officer	$1.1M	$8.8M	$2.4M	$1.2M	$275.9K	$13.8M
Andrew KangExecutive Vice President & Chief Financial Officer	$700.0K	$3.6M	$848.6K	$510.0K	$32.9K	$5.7M
Michael J. SaylorChairman of the Board & Executive Chairman	—	—	$780.7K	—	$780.7K	—