Strategy Inc (STRF) Stock Price & Analysis
Strategy Inc (STRF) closed at USD 101.2 on Friday, October 23, 2026, down 1.53% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 102.77; the Oct 23, 2026 session ranged USD 101.2–103.6 on volume of 51,443 shares. Market capitalization is —, with a 52-week range of USD 82.5–111.99 (NMS). Source: Nexqual, retrieved October 24, 2026 at 04:42 UTC.
Also available as compact Markdown for AI agents: nexqual.com/STRF.md
Key facts (STRF)
- Last four reported quarters (through Jun 30, 2026): revenue $498M, net income -$30.4B (-6103.0% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 30 Form 4 filings, $28.0M; 24 not under a Rule 10b5-1 plan ($11.1M); 24 by opportunistic insiders (23 outside 10b5-1 plans), 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $1.0M; 0 by opportunistic insiders, 2 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y +1.4% vs S&P 500 +13.4%; 5Y +27.4% vs S&P 500 +76.9%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (STRF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $511M | $499M | $496M | $463M | $477M | $498M |
| Gross profit | $419M | $396M | $386M | $334M | $328M | — |
| Operating income | -$785M | -$1.28B | -$115M | -$1.85B | -$5.44B | -$36.4B |
| Net income | -$535M | -$1.47B | $429M | -$1.17B | -$3.85B | -$30.4B |
| EPS (diluted) | -$53.44 | -$12.98 | $2.64 | -$6.06 | -$15.23 | — |
| Free cash flow | $91.1M | $725K | $9.8M | -$56.0M | -$75.5M | -$26.2M |
| Gross margin | 82.0% | 79.4% | 77.8% | 72.1% | 68.7% | — |
| Operating margin | -153.6% | -255.5% | -23.2% | -399.8% | -1140.8% | -7295.4% |
| Net margin | -104.8% | -294.4% | 86.5% | -251.7% | -806.3% | -6103.0% |
| Revenue growth | +6.2% | -2.3% | -0.6% | -6.6% | +3.0% | — |
| Cash + short-term investments | $63.4M | $43.8M | — | — | $2.30B | — |
| Total debt | $2.16B | $2.38B | $2.18B | $7.19B | $8.19B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (STRF)
Insider sales (SEC Form 4, open-market, last ~7 months) (STRF)
6 of 30 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-08…2026-10-09 | Patten Jarrod M | Director | 2,750 | $422K | 8.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-22 | Patten Jarrod M | Director | 475 | $81K | 1.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-21 | Patten Jarrod M | Director | 1,425 | $238K | 4.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-04 | Chow Thomas C. | EVP & General Counsel | 106 | $15K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-27 | Patten Jarrod M | Director | 1,850 | $241K | 6.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-24…2026-08-25 | Patten Jarrod M | Director | 3,700 | $461K | 11.5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-07 | Patten Jarrod M | Director | 3,800 | $389K | 11.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-24…2026-07-27 | Patten Jarrod M | Director | 3,900 | $372K | 12.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-22 | Patten Jarrod M | Director | 1,250 | $125K | 4.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-23 | Patten Jarrod M | Director | 1,500 | $159K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-17 | Patten Jarrod M | Director | 1,500 | $182K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-15 | Patten Jarrod M | Director | 1,500 | $201K | 5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-09 | Le Phong | President & CEO | 5,522 | $684K | 4.2% | Yes | Routine (sold in Jun each year 2023–2025) |
| 2026-06-09 | Kang Andrew | EVP & CFO | 1,949 | $241K | 2.7% | Yes | Too little history (no open-market trades in 2023) |
| 2026-06-09 | Montgomery Jeanine | VP & CAO | 354 | $44K | 3.1% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-05 | Le Phong | President & CEO | 93,738 | $11.1M | 43.8% | Yes | Routine (sold in Jun each year 2023–2025) |
| 2026-06-05 | Kang Andrew | EVP & CFO | 33,062 | $3.9M | 32.5% | Yes | Too little history (no open-market trades in 2023) |
| 2026-05-28…2026-05-29 | Patten Jarrod M | Director | 22,300 | $3.4M | 44.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-26 | Patten Jarrod M | Director | 1,250 | $207K | 4.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-19…2026-05-20 | Patten Jarrod M | Director | 5,250 | $875K | 15.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (STRF)
3 purchases, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-22 | Le Phong | President & CEO | 11,000 | $999K | 90.8 | Routine (sold in Jun each year 2023–2025) |
| 2026-06-16 | Chow Thomas C. | EVP & General Counsel | 111 | $10K | 90.07 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-22 | Le Phong | President & CEO | 55 | $5K | 99.41 | Routine (sold in Jun each year 2023–2025; this trade is outside those months) |
Analysts (STRF)
Consensus None.
Total return (dividends reinvested) (STRF)
| 1Y (from 2025-10-24) | 5Y (from 2025-03-24) | |
|---|---|---|
| Total return | +1.4% | +27.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +1.4% | +16.5% |
| Volatility (annualized) | 23.9% | 24.9% |
| Max drawdown | -18.1% (Oct 2025→Jun 2026) | -24.1% (Jul 2025→Jun 2026) |
STRF revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Software | $122.4M | 100.0% | +6.9% |
| Total revenue | $122.4M | 100% | — |
STRF revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total product licenses and subscription services | $66.5M | 54.4% | +38.6% |
| — Subscription services (part of Total product licenses and subscription services) | $62.9M | 51.4% | +54.0% |
| — Product licenses (part of Total product licenses and subscription services) | $3.7M | 3.0% | -48.9% |
| Product support | $40.2M | 32.9% | -22.7% |
| Other services | $15.6M | 12.7% | +8.3% |
| Total revenue | $122.4M | 100% | — |
STRF revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $68.4M | 55.9% | +4.7% |
| EMEA | $42.5M | 34.7% | +7.7% |
| Other Regions | $11.5M | 9.4% | +18.0% |
| Total revenue | $122.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
STRF suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Microsoft (MSFT) | “Our cloud-native, containerized architecture has been optimized for all three hyperscalers – AWS, Azure, and GCP – giving our customers freedom of choice and making it easy to embed analytics into custom or third-party cloud and mobile applications.” |
| Customer | Amazon (AMZN) | “Our cloud-native, containerized architecture has been optimized for all three hyperscalers – AWS, Azure, and GCP – giving our customers freedom of choice and making it easy to embed analytics into custom or third-party cloud and mobile applications.” |
| Customer | Alphabet (Google) (GOOGL) | “In addition, we serve our customers and manage certain critical internal processes using a third-party data center hosting facility located in the United States and other third-party services, including AWS, Azure, Google, and other cloud services.” |
| Customer | Coinbase Custody Trust Company | “For example, in October 2021 it was reported that hackers exploited a flaw in the account recovery process and stole from the accounts of at least 6,000 customers of the Coinbase exchange (our principal market for bitcoin), although the flaw was subsequently fixed and Coinbase reimbursed affected customers.” |
| Partner | Federal Deposit Insurance | “Further, the bitcoin that we hold with our custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
| Partner | Securities Investor Protection | “Further, the bitcoin that we hold with our custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
| Competitor | IBM (IBM) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | Oracle (ORCL) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | Salesforce (CRM) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | SAP (SAP) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
Quoted from the company's 10-K filed Feb 19, 2026.
Companies that name STRF in their SEC reports
| Relationship to STRF | Company | Filing | Sentence |
|---|---|---|---|
| partner | Strive, Inc. (ASST) | 10-K Mar 19, 2026 | “Upon receiving an incident report, Corporate Strategy and our MSP perform an initial assessment to determine severity level, whether escalation to executive leadership is needed, and whether cyber insurance notification and approved partner engagement is required.” |
| customer | BNB PLUS CORP. (BNBX) | 10-K Dec 22, 2025 | “For our BNB Strategy, we utilize various third-party vendors as well as the services of the Strategic Advisors.” |
STRF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | — | — | — | $129.4M | — |
| Next quarter (ends Dec 2026) | — | — | — | $126.8M | — |
| Current fiscal year (ends Dec 2026) | — | — | — | $501.7M | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $512.8M | — |
STRF options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 84 | 12.8% | ±4.9% |
| Apr 16, 2027 | 175 | 15.9% | ±9.4% |
30-day implied volatility 17% vs 8.7% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 04:42 UTC)
| Price | USD 101.2 |
|---|---|
| Change | ▼ 1.53% (down) |
| Previous Close | USD 102.77 |
| Open | USD 102.97 |
| Day Range | USD 101.2 – 103.6 |
| 52-Week Range | USD 82.5 – 111.99 |
| Volume | 51,443 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (STRF)
Nexqual's technical model rates STRF "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 04:42 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.3 (neutral) |
| vs SMA50 | Below (USD 102.46) |
| MACD | -0 (negative) |
Analyst Ratings (STRF)
Wall Street analysts rate STRF "None", per Nexqual as of October 24, 2026 at 04:42 UTC.
| Consensus Rating | None |
|---|
Earnings (STRF)
| Revenue Estimate | $129.36M |
|---|
Source: Nexqual, October 24, 2026 at 04:42 UTC.
Financials & Fundamentals (STRF)
| Total Revenue | $498.35M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.90% |
| Gross Margin | +67.60% |
| Operating Margin | -6808.11% |
| Profit Margin | +0.00% |
| ROE | -63.56% |
| Debt / Equity | 0.15 |
| Current Ratio | 5.39 |
| Total Cash | $2.45B |
| Total Debt | $6.77B |
Source: Nexqual, October 24, 2026 at 04:42 UTC.
Financial Health Score (STRF)
Nexqual rates Strategy Inc's overall financial health "Weak" across five dimensions, as of October 24, 2026 at 04:42 UTC.
| Growth | Mixed — Revenue +3.0% YoY (annual), slow |
|---|---|
| Profitability | Critical — Net margin -886% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Critical — ROE -64%, ROA -38.7% |
Ownership (STRF)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +49.73% |
| Float | 363.63M |
Source: Nexqual, October 24, 2026 at 04:42 UTC.
Leadership (STRF)
Strategy Inc is led by Phong Q. Le, President, CEO & Director, per Nexqual as of October 24, 2026 at 04:42 UTC.
| President, CEO & Director | Phong Q. Le |
|---|---|
| Executive Chairman | Michael J. Saylor |
| Executive VP, CFO & Principal Accounting Officer | Andrew Kang |
| Executive Vice President of Operations | Reza Virasteh |
| Executive VP & CTO | Ponna Arumugam |
Major Backers & Investors (STRF)
Notable institutional backers of Strategy Inc include Fidelity, VanEck ETF Trust-VanEck Preferred Securities ex Financials ETF, CALAMOS INVESTMENT TRUST/IL-Calamos Market Neutral Income Fund, according to Nexqual as of October 24, 2026 at 04:42 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Fidelity | 25.29% |
| VanEck ETF Trust-VanEck Preferred Securities ex Financials ETF | 2.82% |
| CALAMOS INVESTMENT TRUST/IL-Calamos Market Neutral Income Fund | 1.76% |
| ETFis Series Trust I-Virtus InfraCap U.S. Preferred Stock ETF | 1.59% |
| Wesbanco Bank Inc. | 0.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 6.85% |
Source: Nexqual, October 24, 2026 at 04:42 UTC.
From Strategy Inc's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Strategy has established strategic partnerships with a wide variety of third-party vendors, including cloud hosting providers (AWS, Microsoft, STACKIT, and Google), system integrators, consulting firms, value added resellers ("VARs"), managed service providers ("MSPs"), and independent software vendors ("ISVs").
- Through our bitcoin treasury operations, we execute on our bitcoin acquisitions, capital management and capital markets strategies, which are designed to enable us to accumulate bitcoin in a manner we believe to be accretive to our shareholders in the long term and to generate value from our bitcoin holdings.
- Our objective is to maintain a capital structure that supports continued bitcoin accumulation, enables us to generate value from our bitcoin holdings, positions us to satisfy our financial obligations and provides resilience across market cycles.
- We believe offering a range of securities, including equity and fixed income instruments, enables us to flexibly access a broad spectrum of investors, which in turn enables us to execute on our strategy of acquiring bitcoin in a manner we believe to be accretive to common stockholders on a per share basis.
Partnerships
- Strategy's government cloud solution achieved this designation through collaboration with the U.S.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SAP | SAP SE | USD 238.14 | ▼ 1.02% |
| SHOP | Shopify Inc. | USD 168.68 | ▼ 0.08% |
| CRM | Salesforce, Inc. | USD 248.57 | ▼ 0.69% |
| NOW | ServiceNow, Inc. | USD 158.96 | ▲ 1.25% |
| UBER | Uber Technologies, Inc. | USD 66.7 | ▼ 3.43% |
| ADP | Automatic Data Processing, Inc. | USD 304.16 | ▼ 1.23% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 04:42 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt