Strategy (MSTR) FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ?
FCF conversion, % 328.9% 22.8% 3 101% 1 194% 415.4%   1 629%
Changes by years, y/y, % +1 856pp -306pp +3 078pp -1 907pp -778pp    

Strategy. FCF conversion, %

Strategy. FCF conversion, changes, pp

Strategy (MSTR) FCF conversion US GAAP (quarter values)

FY2025Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1   LTM ?
FCF conversion, % 129.6% -48.6% 371.0% 17.9% -211.8%   1 629%
Changes by years, y/y, % -681pp -466pp +15pp -1 782pp -341pp    
Changes by quarters, q/q, % -1 670pp -178pp +420pp -353pp -230pp    

Strategy. FCF conversion, %

Strategy. FCF conversion, changes, pp

Strategy. FCF conversion, changes, pp