MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock Financial Flexibility Index

Latest as of September 2025: 0.93x

MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock financial flexibility index. MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) has a Financial Flexibility Index of 0.93x as of September 2025. Free cash flow of $14.45 Billion (operating CF $-8.31 Million minus capex $14.46 Billion) represents 1% of total liabilities ($15.50 Billion). See STRD FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

0.93x
Free Cash Flow / Total Liabilities

Free Cash Flow

$14.45 Billion
Operating CF − Capex

Total Liabilities

$15.50 Billion
USD

Capital Expenditures

$14.46 Billion
USD

Financial Flexibility Index of MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (2021–2024)

Financial flexibility index of MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock from 2021 to 2024. Historical Financial Flexibility Index trend for MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock across 4 annual periods. Check MicroStrategy Incorporated 10.00% Series (STRD) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock Financial Flexibility Index by Year (2021–2024)

MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock financial flexibility index by year from 2021 to 2024. Year-by-year free cash flow to debt coverage for MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock. For the full cash flow conversion analysis, see STRD cash flow conversion.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2024 2.89x $22.03 Billion $-53.03 Million $7.61 Billion ▲ +291.9%
2023 0.74x $1.92 Billion $12.71 Million $2.60 Billion ▲ +602.5%
2022 0.11x $293.62 Million $3.21 Million $2.79 Billion ▼ -90.0%
2021 1.06x $2.72 Billion $93.83 Million $2.58 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities