MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) - Net Assets
Based on the latest financial reports, MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) 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. Read STRD liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $51.04 Billion |
| % of Total Assets | 82.81% |
| Annual Growth Rate | 168.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 364.27 |
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock - Net Assets Trend (2021–2025)
This chart illustrates how MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's net assets have evolved over time, based on quarterly financial data. Also explore STRD total assets for the complete picture of this company's asset base.
Annual Net Assets for MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (2021–2025)
The table below shows the annual net assets of MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock from 2021 to 2025. For live valuation and market cap data, see MicroStrategy Incorporated 10.00% Series (STRD) market capitalisation.
| 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 | -- |
Equity Component Analysis
This analysis shows how different components contribute to MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock'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 15154.5% 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% |
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock Competitors by Market Cap
The table below lists competitors of MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amaze Holdings Inc
NYSE MKT:AMZE
|
$749.45K |
|
Innovation Beverage Group Limited
NASDAQ:IBG
|
$749.59K |
|
Lake Winn Resources Corp
V:LWR
|
$751.12K |
|
Lion Group Holding Ltd
NASDAQ:LGHL
|
$755.53K |
|
BLUEBIRD MERCH.VENT. LTD.
F:09D
|
$749.39K |
|
Strikewell Energy Corp
V:SKK
|
$748.86K |
|
Octopus Aim VCT 2 PLC
LSE:OSEC
|
$748.12K |
|
Norrland Gold Corp
V:NORR
|
$746.53K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock'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 10,213,001.
- Other factors increased equity by 36,650,926,999.
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 MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock'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: 0.42x
- 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 8.90x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $8.67 | $77.19 | x |
| 2022-12-31 | $-3.32 | $77.19 | x |
| 2023-12-31 | $12.83 | $77.19 | x |
| 2024-12-31 | $74.17 | $77.19 | x |
| 2025-12-31 | $183.83 | $77.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock 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 above the historical average (-9.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) | $51.04 Billion | -54.70% | 0.21x | $749.44K |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock
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