Strategy

STRK

Software - Application · Technology

Price

$72.26

+2.55 (+3.66%)

Market Cap

$21.47B

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+193.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 100.2M (2021) → 294.0M (2025)

Winston Score History

The full picture

Strategy Inc (formerly MicroStrategy) is a software company that sells business intelligence tools — software that helps companies organize and analyze their data. Its main customers are large businesses that want to make sense of big amounts of information. However, the company is now far better known for a different reason: it holds a massive amount of Bitcoin on its balance sheet, making it one of the largest corporate holders of Bitcoin in the world.

The company earns revenue from software licenses and subscriptions, but its financial results are heavily shaped by the value of its Bitcoin holdings, which it continues to buy using debt and stock offerings. It operates primarily in the United States but sells software globally. The extreme negative operating margin reflects the costs and accounting impacts tied to its Bitcoin strategy. The biggest risk the company faces is that a sharp drop in Bitcoin's price could severely damage its balance sheet and its ability to service its debt.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-166.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$94M/ year

↓ Declining (-21% vs prior year)

19.7% of revenue

In line with sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Strategy is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

66.6%

Premium pricing power — 66.6% gross margin

Profit after running costs

Operating Margin

-6808.1%

Losing money on operations — -6808.1%

Return on the money invested

ROCE

-26.9%

Weak — -26.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+7.8%

Steady sales growth (+7.8% YoY)

Profit growth

EPS YoY

-740.1%

Earnings shrinking (-740.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-4894.5%

Burning cash (-4894.5%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial