MicroStrategy Incorporated

STRKNASDAQTechnology● Active

$65.40

$-2.85(-4.18%)

Market Cap$19.4B

P/E Ratio—

52W High$129.484

52W Low$64

Avg Volume156K

Open$68.01

Beta3.47

Overview

MicroStrategy Incorporated (STRK) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

STRK · free cash flow · updated Jun 8, 2026

Core FCF metrics

STRK · FCF · TTM · margin & CAGR

Free cash flow was −$104.2M for FY2025 (fiscal year ending 2025-12-31), up 99.5% year-over-year The FCF margin was -21.8%.

FY2025 Free Cash Flow−$104.2M▲ +99.5% YoY

Trailing 12M (TTM)$7.61BTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-21.8%−$104.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

STRK · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$67.2M(37M)−$104.2M▲ +99.5%-21.8%

FY2024−$53.0M(22.09B)−$22.14B▼ 1069.8%—

FY2023$12.7M(1.91B)−$1.89B▼ 559.0%-381.4%

FY2022$3.2M(290M)−$287.2M▲ +88.7%-57.5%

FY2021$93.8M(2.63B)−$2.54B▼ 135.8%-496.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

STRK · P/FCF · FCF yield · FCF per share

MicroStrategy Incorporated (STRK) trades at a FCF yield of 21.26% and a price-to-free-cash-flow ratio of 2.5x. FCF per share stands at $25.88, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

21.26%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$25.88

TTM FCF ÷ Shares Outstanding

Price / FCF

x2.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x5.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

STRK · cash flow statement · operating / investing / financing

For FY2025, MicroStrategy Incorporated generated −$67.2M in operating cash flow and spent 37M in capital expenditures, yielding −$104.2M in free cash flow.

Operating Activities

−$67.2M

Cash from core business operations

2025-12-31

Investing Activities

−$22.51B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$24.84B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$67.2M) − |CapEx| (37M) = FCF (−$104.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

STRK vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MicroStrategy IncorporatedYOU

STRK

−$104.2M+99.5%-21.8%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

MicroStrategy Incorporated (STRK) reported free cash flow of −$104.2M for FY2025 (fiscal year ending 2025-12-31), up 99.5% year-over-year. The FCF margin was -21.8%.

Based on available data, MicroStrategy Incorporated has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $136.6M in FY2015.

MicroStrategy Incorporated's FCF yield is 21.26% and price-to-FCF ratio is 2.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

STRK free cash flow · 8 questions

MicroStrategy Incorporated free cash flow was −$104.2M for FY2025, up 99.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $7.61B.

STRK free cash flowSTRK FCFSTRK FCF 2025STRK free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · MicroStrategy Incorporated · MicroStrategy Incorporated SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026