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

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF yield, % ? -46.5% -39.7% -50.5%   20.2%  
Changes by years, y/y, % -18pp +46pp -11pp     -32%

Strategy. FCF yield, %

Strategy. FCF yield, changes, pp

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

FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2 FY2026Q2   LTM ?
FCF yield, % ? -42.8% -50.5% -53.1% 38.0% -51.3%   20.2%
Changes by years, y/y, % -27pp -16pp -15pp +70pp -20pp    
Changes by quarters, q/q, % -11pp -8pp -3pp +91pp -89pp    

Strategy. FCF yield, %

Strategy. FCF yield, changes, pp

Strategy. FCF yield, changes, pp