MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock

STRFNASDAQTechnology● Active

$95.52

+$2.89(+3.11%)

Market Cap$28.4B

P/E Ratio—

52W High$127.8

52W Low$91.02

Avg Volume105K

Open$93.50

Beta3.47

Overview

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

STRF · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$2.30B▲ +5942.8% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$2.30B

cashAndCashEquivalents

Short-Term Investments

shortTermInvestments

YoY Change vs Prior Year

+5942.8%

vs prior fiscal year

Latest Quarter

$2.21B

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$2.30BCash on Hand

Total Debt$8.28BTotal Debt

Net Cash / Net Debt−$5.98BNet Debt Position

Cash vs Debt Ratio

Cash 22%MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock cash as % of market cap: 8.12%% · MCap $28BDebt 78%

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock carries a net debt position of $5.98B. Total debt ($8.28B) exceeds cash on hand ($2.30B). MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock cash vs debt ratio: 22% cash / 78% debt.

Net Cash = Cash & ST Investments − Total Debt$2.30B − $8.28B = −$5.98B

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

STRF annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

STRF cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$2.30B+5942.8%

Dec 31, 2024FY$38.1M-18.6%

Dec 31, 2023FY$46.8M+6.8%

Dec 31, 2022FY$43.8M-30.8%

Dec 31, 2021FY$63.4M+6.2%

STRF cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Technology Sector Cash Reserves Comparison

STRF vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Taiwan Semiconductor Manufacturing Company Limited

TSM

$3.13T$2.2T140.4%

100%

Microsoft Corporation

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred StockYOU

STRF

$2.30B$29B8.1%

Technology sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) cash on hand as of December 31, 2025 is $2.30B, comprising $2.30B in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock cash and short-term investments on the balance sheet (10-K filing). Also referred to as MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock cash reserves or cash position.

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock annual cash on hand history shows increased +5942.8% in 2025: increased +5942.8% in 2025. MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock cash reserves in 2025 reflect the company's capital allocation strategy.

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock carries total debt of $8.28B against cash of $2.30B, resulting in a net debt position of -$5.98B. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

STRF cash on hand · 5 questions

As of December 31, 2025, MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) has $2.30B in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $2.30B in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $2.21B. Data sourced from the annual 10-K filing via FMP.

STRF cash on handSTRF cash reservesSTRF cash 2025how much cash does STRF have

▸ Source: FMP /balance-sheet-statement · US GAAP · MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock · MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025