Strategy Inc
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. The company offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. It also provides AI-powered enterprise analytics software, including Strategy O… Read more
Strategy Inc (0A7O) - Net Assets
Latest net assets as of December 2025: $51.04 Billion USD
Based on the latest financial reports, Strategy Inc (0A7O) has net assets worth $51.04 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($61.64 Billion) and total liabilities ($10.60 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $51.04 Billion |
| % of Total Assets | 82.81% |
| Annual Growth Rate | 50.16% |
| 5-Year Change | 5114.01% |
| 10-Year Change | 9143.95% |
| Growth Volatility | 211.39 |
Strategy Inc - Net Assets Trend (2012–2025)
This chart illustrates how Strategy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Strategy Inc (2012–2025)
The table below shows the annual net assets of Strategy Inc from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $51.04 Billion | +179.99% |
| 2024-12-31 | $18.23 Billion | +742.04% |
| 2023-12-31 | $2.16 Billion | +665.09% |
| 2022-12-31 | $-383.12 Million | -139.14% |
| 2021-12-31 | $978.96 Million | +77.01% |
| 2020-12-31 | $553.04 Million | +8.75% |
| 2019-12-31 | $508.56 Million | -4.00% |
| 2018-12-31 | $529.73 Million | -12.55% |
| 2017-12-31 | $605.73 Million | +9.70% |
| 2016-12-31 | $552.18 Million | +21.28% |
| 2015-12-31 | $455.28 Million | +25.94% |
| 2014-12-31 | $361.50 Million | +2.70% |
| 2013-12-31 | $352.00 Million | +36.02% |
| 2012-12-31 | $258.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Strategy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2926.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.32 Billion | 12.39% |
| Common Stock | $312.00K | 0.00% |
| Other Comprehensive Income | $-5.17 Million | -0.01% |
| Other Components | $44.73 Billion | 87.62% |
| Total Equity | $51.04 Billion | 100.00% |
Strategy Inc Competitors by Market Cap
The table below lists competitors of Strategy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MSCI Inc
NYSE:MSCI
|
$38.17 Billion |
|
Crown Castle International Corp.
LSE:0I4W
|
$38.25 Billion |
|
Westinghouse Air Brake Technologies Corp
NYSE:WAB
|
$38.37 Billion |
|
Garmin Ltd
NYSE:GRMN
|
$38.51 Billion |
|
Kongsberg Gruppen ASA
PINK:NSKFF
|
$37.87 Billion |
|
Delta Air Lines Inc
NYSE:DAL
|
$37.84 Billion |
|
Alcon AG
NYSE:ALC
|
$37.83 Billion |
|
MetLife Inc
NYSE:MET
|
$37.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Strategy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,229,984,000 to 51,042,972,000, a change of 32,812,988,000 (180.0%).
- Net loss of 3,848,152,000 reduced equity.
- Other comprehensive income increased equity by 10,213,000.
- Other factors increased equity by 36,650,927,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.85 Billion | -7.54% |
| Other Comprehensive Income | $10.21 Million | +0.02% |
| Other Changes | $36.65 Billion | +71.8% |
| Total Change | $- | 179.99% |
Book Value vs Market Value Analysis
This analysis compares Strategy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.93x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $17.93 | $142.09 | x |
| 2013-12-31 | $27.46 | $142.09 | x |
| 2014-12-31 | $28.57 | $142.09 | x |
| 2015-12-31 | $39.46 | $142.09 | x |
| 2016-12-31 | $47.95 | $142.09 | x |
| 2017-12-31 | $52.46 | $142.09 | x |
| 2018-12-31 | $46.42 | $142.09 | x |
| 2019-12-31 | $49.35 | $142.09 | x |
| 2020-12-31 | $56.82 | $142.09 | x |
| 2021-12-31 | $89.13 | $142.09 | x |
| 2022-12-31 | $-3.38 | $142.09 | x |
| 2023-12-31 | $13.07 | $142.09 | x |
| 2024-12-31 | $94.68 | $142.09 | x |
| 2025-12-31 | $183.83 | $142.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Strategy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -806.35%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.21x
- Recent ROE (-7.54%) is below the historical average (1.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 11.22% | 3.97% | 1.18x | 2.39x | $2.44 Million |
| 2013 | 8.56% | 4.61% | 0.98x | 1.89x | $-4.48 Million |
| 2014 | 1.55% | 0.87% | 1.04x | 1.72x | $-27.41 Million |
| 2015 | 23.27% | 19.99% | 0.81x | 1.44x | $60.40 Million |
| 2016 | 16.46% | 17.75% | 0.67x | 1.39x | $35.69 Million |
| 2017 | 3.00% | 3.61% | 0.54x | 1.54x | $-42.38 Million |
| 2018 | 4.25% | 4.52% | 0.58x | 1.62x | $-30.47 Million |
| 2019 | 6.76% | 7.06% | 0.53x | 1.80x | $-16.50 Million |
| 2020 | -1.36% | -1.57% | 0.33x | 2.65x | $-62.83 Million |
| 2021 | -54.70% | -104.84% | 0.14x | 3.63x | $-633.38 Million |
| 2022 | 0.00% | -294.39% | 0.21x | 0.00x | $-1.43 Billion |
| 2023 | 19.82% | 86.47% | 0.10x | 2.20x | $212.62 Million |
| 2024 | -6.40% | -251.73% | 0.02x | 1.42x | $-2.99 Billion |
| 2025 | -7.54% | -806.35% | 0.01x | 1.21x | $-8.95 Billion |
Industry Comparison
This section compares Strategy Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Strategy Inc (0A7O) | $51.04 Billion | 11.22% | 0.21x | $38.08 Billion |
| Nyfosa AB (0A0K) | $3.48 Billion | 34.90% | 2.92x | $966.63 Million |
| Tethys Oil AB (0A1V) | $56.23 Million | 21.07% | 0.01x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $11.29 Billion | 0.81% | 0.10x | $258.25 Million |
| NACON SASU (0A9N) | $210.72 Million | 8.63% | 0.51x | $7.82 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $545.92 Million |
| Truecaller AB Series B (0AA7) | $1.51 Billion | 34.81% | 0.30x | $277.14 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $74.17 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $-10.19 Million | 0.00% | 0.00x | $71.96 Million |
| Kalray S.A. (0ABT) | $39.07 Million | -59.55% | 1.26x | $33.84 Million |