Latest period
$4.52B
YoY change
+2.0%
5Y CAGR
—
Peak year (FY2015)
$137M
Latest annual
-$22.6B
Free Cash Flow history chart for Strategy (MSTR) from 2016 to 2025
Latest: -$22.6B
Free Cash Flow growth chart for Strategy (MSTR) from 2016 to 2025
Latest: +2.0%
Free Cash Flow history table for Strategy (MSTR) from 1997 to 2025
| FY2025 | -$22.6B | +2.0% | -$440M | ||
| FY2024 | -$22.1B | +1069.8% | -$20.2B | ||
| FY2023 | -$1.89B | +559.0% | -$1.61B | ||
| FY2022 | -$287M | -88.7% | +$2.25B | ||
| FY2021 | -$2.54B | +135.8% | -$1.46B | ||
| FY2020 | -$1.08B | -2221.0% | -$1.13B | ||
| FY2019 | $50.7M | +1240.5% | +$46.9M | ||
| FY2018 | $3.78M | -94.9% | -$70.6M | ||
| FY2017 | $74.3M | -31.3% | -$33.9M | ||
| FY2016 | $108M | -20.8% | -$28.4M | ||
| FY2015 | $137M | -2304.9% | +$143M | ||
| FY2014 | -$6.2M | -146.1% | -$19.7M | ||
| FY2013 | $13.5M | +11.1% | +$1.34M | ||
| FY2012 | $12.1M | -33.5% | -$6.1M | ||
| FY2011 | $18.2M | -68.2% | -$39.1M | ||
| FY2010 | $57.4M | -22.5% | -$16.6M | ||
| FY2009 | $74M | +63.7% | +$28.8M | ||
| FY2008 | $45.2M | -50.8% | -$46.6M | ||
| FY2007 | $91.8M | -7.9% | -$7.84M | ||
| FY2006 | $99.6M | -1.0% | -$1.03M | ||
| FY2005 | $101M | +25.9% | +$20.7M | ||
| FY2004 | $79.9M | +146.1% | +$47.4M | ||
| FY2003 | $32.5M | -564.7% | +$39.5M | ||
| FY2002 | -$6.99M | +3.5% | -$236K | ||
| FY2001 | -$6.75M | -94.8% | +$123M | ||
| FY2000 | -$130M | +449.4% | -$106M | ||
| FY1999 | -$23.6M | +99.6% | -$11.8M | ||
| FY1998 | -$11.8M | +1085.5% | -$10.8M | ||
| FY1997 | -$999K | — | — |
- FY2025-$22.6B+2.0%
- FY2024-$22.1B+1069.8%
- FY2023-$1.89B+559.0%
- FY2022-$287M-88.7%
- FY2021-$2.54B+135.8%
- FY2020-$1.08B-2221.0%
- FY2019$50.7M+1240.5%
- FY2018$3.78M-94.9%
- FY2017$74.3M-31.3%
- FY2016$108M-20.8%
- FY2015$137M-2304.9%
- FY2014-$6.2M-146.1%
- FY2013$13.5M+11.1%
- FY2012$12.1M-33.5%
- FY2011$18.2M-68.2%
- FY2010$57.4M-22.5%
- FY2009$74M+63.7%
- FY2008$45.2M-50.8%
- FY2007$91.8M-7.9%
- FY2006$99.6M-1.0%
- FY2005$101M+25.9%
- FY2004$79.9M+146.1%
- FY2003$32.5M-564.7%
- FY2002-$6.99M+3.5%
- FY2001-$6.75M-94.8%
- FY2000-$130M+449.4%
- FY1999-$23.6M+99.6%
- FY1998-$11.8M+1085.5%
- FY1997-$999K—
Free Cash Flow values are taken from Strategy's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Free Cash Flow at Strategy (MSTR)
Free Cash Flow for Strategy (MSTR): headline value $4.52B · YoY +2.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Strategy (MSTR) free cash flow is -$22.6B – edged up 2.0% year-over-year.
Strategy free cash flow plunged from $137M in 2015 to -$22.6B in 2025, a 16627.6% drawdown.
2015 marks the peak free cash flow at $137M, with the historical low of -$22.6B recorded in 2025.
Strategy Free Cash Flow by Year
Strategy Free Cash Flow 2025: -$22.6B
2025's free cash flow for Strategy came in at -$22.6B, edged up 2.0% from 2024. This figure represents the lowest annual value in the available history.
Strategy Free Cash Flow 2024: -$22.1B
Strategy posted free cash flow of -$22.1B in 2024, surged 1069.8% from 2023.
Strategy Free Cash Flow 2023: -$1.89B
In 2023, Strategy reported free cash flow of -$1.89B, surged 559.0% from 2022.
Strategy Free Cash Flow 2022: -$287M
Strategy free cash flow in 2022 was -$287M, plunged 88.7% below 2021.
Strategy Free Cash Flow 2021: -$2.54B
Strategy free cash flow in 2021 was -$2.54B.
See more financial history for Strategy (MSTR).
Sector peers by Free Cash Flow
Technology peers of Strategy (MSTR), ranked by their latest free cash flow
| $98.8B | |
| $96.7B | |
| $67B | |
| $35.4B | |
| $26.9B | |
| $6.74B | |
| $1.67B |
- $98.8B
- $96.7B
- $67B
- $35.4B
- $26.9B
- $6.74B
- $1.67B
Frequently asked questions
Strategy (MSTR) Key Financials
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Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.