Strategy (MSTR) Free Cash Flow (2010 - 2026)
Strategy recorded quarterly Free Cash Flow of $13.0 million in Q1 2026, up 158.69% quarter-over-quarter from -$22.2 million in Q4 2025, and up 354.33% year-over-year from $2.9 million in Q1 2025.
Strategy's Free Cash Flow history runs 17 years deep, the most recent figure standing at $13.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow rose 354.33% year-over-year to $13.0 million; the TTM figure through Mar 2026 stood at -$57.3 million (up 35.03% YoY), while the FY2025 annual figure was -$75.5 million, down 34.71% from the prior year.
- Free Cash Flow came in at $13.0 million for Q1 2026 at Strategy, up from -$22.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $43.0 million in Q1 2022 to a low of -$41.4 million in Q3 2024.
- A 5-year average of -$6.3 million and a median of -$11.1 million in 2025 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow slumped 2203.7% in 2024 and soared 354.33% in 2026, its largest moves.
- Strategy's Free Cash Flow stood at -$18.8 million in 2022, then jumped by 104.44% to $837000.0 in 2023, then plunged by 2203.7% to -$17.6 million in 2024, then decreased by 26.15% to -$22.2 million in 2025, then jumped by 158.69% to $13.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $13.0 million, -$22.2 million, and -$11.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 4.11 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 5.32 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 476.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 1.57 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 306.96 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 2.92 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 2.19 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 5.24 Bn |
| 10 | Strategy | 53.39 Bn | 53.39 Bn | 83.35 Mn | 13.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.04 Mn |
| Mar 31, 2026 | 13.04 Mn |
| Dec 31, 2025 | -22.21 Mn |
| Dec 31, 2025 | -22.21 Mn |
| Sep 30, 2025 | -11.11 Mn |
| Sep 30, 2025 | -11.11 Mn |
| Jun 30, 2025 | -37.01 Mn |
| Jun 30, 2025 | -37.01 Mn |
| Mar 31, 2025 | -5.13 Mn |
| Mar 31, 2025 | -5.13 Mn |
| Dec 31, 2024 | -17.61 Mn |
| Dec 31, 2024 | -17.61 Mn |
| Sep 30, 2024 | -41.39 Mn |
| Sep 30, 2024 | -41.39 Mn |
| Jun 30, 2024 | -24.05 Mn |
| Jun 30, 2024 | -24.05 Mn |
| Mar 31, 2024 | 27.04 Mn |
| Mar 31, 2024 | 27.04 Mn |
| Dec 31, 2023 | 837,000.00 |
| Dec 31, 2023 | 837,000.00 |
| Sep 30, 2023 | -8.85 Mn |
| Sep 30, 2023 | -8.85 Mn |
| Jun 30, 2023 | -19.11 Mn |
| Jun 30, 2023 | -19.11 Mn |
| Mar 31, 2023 | 36.90 Mn |
| Mar 31, 2023 | 36.90 Mn |
| Dec 31, 2022 | -18.83 Mn |
| Dec 31, 2022 | -18.83 Mn |
| Sep 30, 2022 | -1.79 Mn |
| Sep 30, 2022 | -1.79 Mn |
| Jun 30, 2022 | -21.70 Mn |
| Jun 30, 2022 | -21.70 Mn |
| Mar 31, 2022 | 43.04 Mn |
| Mar 31, 2022 | 43.04 Mn |
| Dec 31, 2021 | 2.42 Mn |
| Dec 31, 2021 | 2.42 Mn |
| Sep 30, 2021 | 13.37 Mn |
| Sep 30, 2021 | 13.37 Mn |
| Jun 30, 2021 | 13.08 Mn |
| Jun 30, 2021 | 13.08 Mn |
| Mar 31, 2021 | 62.26 Mn |
| Mar 31, 2021 | 62.26 Mn |
| Dec 31, 2020 | 22.83 Mn |
| Dec 31, 2020 | 22.83 Mn |
| Sep 30, 2020 | 1.78 Mn |
| Sep 30, 2020 | 1.78 Mn |
| Jun 30, 2020 | -3.05 Mn |
| Jun 30, 2020 | -3.05 Mn |
| Mar 31, 2020 | 28.41 Mn |
| Mar 31, 2020 | 28.41 Mn |
| Dec 31, 2019 | 7.74 Mn |
| Dec 31, 2019 | 7.74 Mn |
| Sep 30, 2019 | 2.17 Mn |
| Sep 30, 2019 | 2.17 Mn |
| Jun 30, 2019 | 20.33 Mn |
| Jun 30, 2019 | 20.33 Mn |
| Mar 31, 2019 | 20.45 Mn |
| Mar 31, 2019 | 20.45 Mn |
| Dec 31, 2018 | -15.01 Mn |
| Dec 31, 2018 | -15.01 Mn |
| Sep 30, 2018 | -1.89 Mn |
| Sep 30, 2018 | -1.89 Mn |
| Jun 30, 2018 | 3.26 Mn |
| Jun 30, 2018 | 3.26 Mn |
| Mar 31, 2018 | 17.42 Mn |
| Mar 31, 2018 | 17.42 Mn |
| Dec 31, 2017 | 27.34 Mn |
| Dec 31, 2017 | 27.34 Mn |
| Sep 30, 2017 | 11.36 Mn |
| Sep 30, 2017 | 11.36 Mn |
| Jun 30, 2017 | 9.95 Mn |
| Jun 30, 2017 | 9.95 Mn |
| Mar 31, 2017 | 25.70 Mn |
| Mar 31, 2017 | 25.70 Mn |
| Dec 31, 2016 | 15.78 Mn |
| Dec 31, 2016 | 15.78 Mn |
| Sep 30, 2016 | 26.86 Mn |
| Sep 30, 2016 | 26.86 Mn |
| Jun 30, 2016 | 14.98 Mn |
| Jun 30, 2016 | 14.98 Mn |
| Mar 31, 2016 | 50.63 Mn |
| Mar 31, 2016 | 50.63 Mn |
| Dec 31, 2015 | 26.12 Mn |
| Dec 31, 2015 | 26.12 Mn |
| Sep 30, 2015 | 31.31 Mn |
| Sep 30, 2015 | 31.31 Mn |
| Jun 30, 2015 | 34.47 Mn |
| Jun 30, 2015 | 34.47 Mn |
| Mar 31, 2015 | 54.31 Mn |
| Mar 31, 2015 | 54.31 Mn |
| Dec 31, 2014 | -2.27 Mn |
| Dec 31, 2014 | -2.27 Mn |
| Sep 30, 2014 | -5.72 Mn |
| Sep 30, 2014 | -5.72 Mn |
| Jun 30, 2014 | 1.08 Mn |
| Jun 30, 2014 | 1.08 Mn |
| Mar 31, 2014 | 9.10 Mn |
| Mar 31, 2014 | 9.10 Mn |
| Dec 31, 2013 | 14.32 Mn |
| Dec 31, 2013 | 14.32 Mn |
| Sep 30, 2013 | 30.11 Mn |
| Sep 30, 2013 | 30.11 Mn |
| Jun 30, 2013 | -9.88 Mn |
| Jun 30, 2013 | -9.88 Mn |
| Mar 31, 2013 | -14.99 Mn |
| Mar 31, 2013 | -14.99 Mn |
| Dec 31, 2012 | 8.24 Mn |
| Dec 31, 2012 | 8.24 Mn |
| Sep 30, 2012 | 15.13 Mn |
| Sep 30, 2012 | 15.13 Mn |
| Jun 30, 2012 | -9.91 Mn |
| Jun 30, 2012 | -9.91 Mn |
| Mar 31, 2012 | 9.08 Mn |
| Mar 31, 2012 | 9.08 Mn |
| Dec 31, 2011 | 27.09 Mn |
| Dec 31, 2011 | 27.09 Mn |
| Sep 30, 2011 | -9.41 Mn |
| Sep 30, 2011 | -9.41 Mn |
| Jun 30, 2011 | -11.22 Mn |
| Jun 30, 2011 | -11.22 Mn |
| Mar 31, 2011 | 23.88 Mn |
| Mar 31, 2011 | 23.88 Mn |
| Dec 31, 2010 | 15.42 Mn |
| Dec 31, 2010 | 15.42 Mn |
| Sep 30, 2010 | 17.05 Mn |
| Sep 30, 2010 | 17.05 Mn |