MSTR
Strategy(微策略) Strategy Inc
+4.89 (+3.88%)131.07USD9.9M成交股數46.2B市值–本益比(近四季)92.7股價營收比+6.9%營收年增(近四季)2026-10-29下次財報
財報 SEC XBRL 申報值 · 美元 · 財年於 12 月結束
逐季數字是 10-Q 的單季值;財年第四季 XBRL 只有年度值,這裡用年度減前三季推算。年增率比的是去年同一會計季。
營收與利潤率近 16 季
稀釋 EPS近 16 季 · 美元
現金流近 16 季
股東回饋近 16 季 · 庫藏股與股利
損益表 逐季 · 最新在左 · 小字是年增率
| 科目 | 26Q2 | 26Q1 | 25Q3 | 25Q2 | 25Q1 | 24Q4 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營收 | 122M+10% | 124M | 129M+11% | 114M+3% | 111M-4% | – | 116M-10% | 111M-7% | 115M | – | 129M | 120M |
| 營業成本 | 40.8M | 40.9M | 38.0M | 35.8M | 34.0M | – | 34.3M | 30.9M | 30.0M | – | 26.7M | 27.1M |
| 毛利 | 81.6M+6% | 83.4M | 90.7M+11% | 78.7M-2% | 77.1M-10% | – | 81.7M-21% | 80.5M-14% | 85.2M | – | 103M | 93.3M |
| 毛利率 | 66.6% | 67.1% | 70.5% | 68.8% | 69.4% | – | 70.4% | 72.2% | 74.0% | – | 79.4% | 77.5% |
| 研發費用 | 23.1M | 24.7M | 22.6M | 24.1M | 24.4M | – | 33.3M | 30.3M | 29.2M | – | 29.7M | 29.4M |
| 銷售管理費用 | 39.9M | 37.4M | 38.2M | 36.5M | 40.5M | – | 33.5M | 36.1M | 34.7M | – | 29.2M | 28.8M |
| 營業利益 | −8.3B+41% | −14.5B | 3.9B-999% | 14.0B-7106% | −5.9B+2807% | – | −433M+1613% | −200M+650% | −204M | – | −25.2M | −26.7M |
| 營業利益率 | -6,808.1% | -11,641.5% | 3,023.4% | 12,256.3% | -5,331.4% | – | -372.7% | -179.7% | -176.8% | – | -19.5% | -22.2% |
| 稅後淨利 | −8.2B+95% | −12.5B+1770% | 2.8B-919% | 10.0B-9871% | −4.2B+7840% | −671M-853% | −340M+137% | −103M-561% | −53.1M | 89.1M | −143M | 22.2M |
| 淨利率 | -6,717.1% | -10,090.6% | 2,164.1% | 8,752.7% | -3,797.2% | – | -293.1% | -92.0% | -46.1% | – | -110.8% | 18.5% |
| 稀釋 EPS | -24.45+48% | -38.25 | 8.42-590% | 32.60-5819% | -16.49+5219% | – | -1.72+70% | -0.57-138% | -0.31 | – | -1.01 | 1.52 |
| 稀釋股數 | 353M | 334M | 315M | 307M | 256M | – | 197M | 179M | 172M | – | 142M | 16.1M |
資產負債表 期末餘額
| 科目 | 26Q2 | 26Q1 | 25Q3 | 25Q2 | 25Q1 | 24Q4 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 現金與約當現金 | 1.7B | 2.2B | 54.3M | 50.1M | 60.3M | 38.1M | 46.3M | 66.9M | 81.3M | 46.8M | 45.0M | 66.0M |
| 應收帳款 | 124M | 122M | 113M | 118M | 105M | 181M | 107M | 112M | 115M | 184M | 129M | 122M |
| 存貨 | – | – | – | – | – | – | – | – | – | – | – | – |
| 總資產 | 52.6B | 54.3B | 73.6B | 64.8B | 43.9B | 25.8B | 8.3B | 7.1B | 6.4B | 4.8B | 3.4B | 3.4B |
| 有息負債 | 6.7B | 8.2B | 8.2B | 8.2B | 8.1B | 7.2B | 4.2B | 3.7B | 3.6B | 2.2B | 2.2B | 2.2B |
| 總負債 | 7.2B | 8.6B | 15.5B | 14.4B | 10.4B | 7.6B | 4.6B | 4.2B | 4.0B | 2.6B | 2.5B | 2.5B |
| 股東權益 | 30.9B | 36.7B | 52.3B | 47.5B | 32.2B | 31.0B | 3.8B | 2.8B | 2.4B | 2.2B | 840M | 819M |
| 負債比 | 13.8% | 15.9% | 21.1% | 22.2% | 23.7% | 29.5% | 54.8% | 59.8% | 62.2% | 54.5% | 75.1% | 75.6% |
| 淨現金(現金 − 有息負債) | −5.0B | −6.0B | −8.1B | −8.1B | −8.1B | −7.2B | −4.2B | −3.6B | −3.5B | −2.1B | −2.1B | −2.1B |
現金流量表 單季
| 科目 | 26Q2 | 26Q1 | 25Q3 | 25Q2 | 25Q1 | 24Q4 | 24Q3 | 24Q2 | 24Q1 | 23Q4 | 23Q3 | 23Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營業現金流 | – | 14.0M | – | – | −2.4M-108% | – | – | – | 28.6M | – | – | – |
| 資本支出 | – | 952K | – | – | 2.7M | – | – | – | 1.5M | – | – | – |
| 自由現金流 | – | 13.0M | – | – | −5.1M-119% | – | – | – | 27.0M | – | – | – |
| 折舊攤銷 | – | 8.8M | – | – | 6.6M | – | – | – | 3.1M | – | – | – |
| 買回庫藏股 | – | – | – | – | – | – | – | – | – | – | – | – |
| 現金股利 | – | – | – | – | – | – | – | – | – | – | – | – |
| 自由現金流率 | – | 10.5% | – | – | -4.6% | – | – | – | 23.5% | – | – | – |
營收拆解 2025 年度 10-K 的分部揭露 · 年增對前一年度
業務分部2025 年度 · 477M
| Software Business | 477M | 100.0% | +3.0% |
|---|
地區2025 年度 · 477M
| 美國 | 272M | 57.0% | +4.9% |
|---|---|---|---|
| 歐洲中東非洲 | 163M | 34.1% | +4.3% |
| Other Regions | 42.4M | 8.9% | -11.7% |
產品／服務2025 年度 · 477M
| Product Support | 204M | 42.8% | -16.2% |
|---|---|---|---|
| Subscription And Circulation | 176M | 36.8% | +64.5% |
| Service Other | 57.7M | 12.1% | -10.3% |
| License | 39.7M | 8.3% | -18.3% |
| Product Licenses And Subscription Services 小計 | 215M | 45.1% | +38.6% |
各維度的加總不一定等於合併營收:分部有時含內部交易、地區有時只揭露主要國家。挑的是加總最接近合併營收的那個標籤。
年度 10-K
| 財年 | 營收 | 年增 | 稅後淨利 | 淨利率 | 稀釋 EPS | 自由現金流 |
|---|---|---|---|---|---|---|
| FY2025 | 477M | +3.0% | −3.8B | -806.3% | -15.23 | −75.5M |
| FY2024 | 463M | -6.6% | −1.2B | -251.7% | -6.06 | −56.0M |
| FY2023 | 496M | -0.6% | 429M | 86.5% | 2.64 | 9.8M |
| FY2022 | 499M | -2.3% | −1.5B | -294.4% | -12.98 | 725K |
| FY2021 | 511M | +6.2% | −535M | -104.8% | -53.44 | 91.1M |
| FY2020 | 481M | -1.1% | −7.5M | -1.6% | -0.78 | 50.0M |
| FY2019 | 486M | -2.3% | 34.4M | 7.1% | 3.33 | 50.7M |
| FY2018 | 498M | – | 22.5M | 4.5% | 1.97 | 3.8M |