MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) — Working Capital to Net Assets Ratio
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) has a Working Capital to Net Assets ratio of 4.1% as of December 2025. Working capital of $2.11 Billion (current assets of $2.56 Billion minus current liabilities of $456.49 Million) is measured against net assets of $51.04 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of MicroStrategy Incorporated 10.00% Series to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock Working Capital to Net Assets (2021–2025)
This chart shows how MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of December 2025, the ratio stands at 4.1%, reflecting working capital of $2.11 Billion against net assets of $51.04 Billion USD. For the complete balance sheet picture, see MicroStrategy Incorporated 10.00% Series balance sheet assets.
Annual Working Capital to Net Assets for MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock from 2021 to 2025, covering 5 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Read debt load of MicroStrategy Incorporated 10.00% Series for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 4.1% | $2.11 Billion | $51.04 Billion | $2.56 Billion | $456.49 Million | ▲ +4.7 pp |
| 2024 | -0.6% | $-103.06 Million | $18.23 Billion | $252.32 Million | $355.38 Million | ▲ +2.0 pp |
| 2023 | -2.6% | $-55.38 Million | $2.16 Billion | $267.89 Million | $323.27 Million | ▼ -16.3 pp |
| 2022 | 13.8% | $-52.84 Million | $-383.12 Million | $264.57 Million | $317.40 Million | ▲ +18.3 pp |
| 2021 | -4.5% | $-44.02 Million | $978.96 Million | $267.96 Million | $311.99 Million | — |