Foreign exchangemixed · 2 filings
“During the year ended December 31, 2025, our revenues were not significantly impacted by changes in weighted average exchange rates, as compared to the prior year.”10-K · Feb 19, 2026 ↗
Strategy Inc
STRF
Market read
Strategy Inc's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 16 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Company+0.0% todayVolume comparison unavailable
Market group0 of 16 activeTechnology & Healthcare Innovations · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- STRF's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if STRF's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 16 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- STRF's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations188
Usable filing statements37
Verified relationships10
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
- Operating margin changed -741.0 percentage points in the latest annual period.
- Net margin changed -554.6 percentage points in the latest annual period.
- Diluted shares increased 44.2% in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
103.936m+4.0%12m—24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$510.8M+6.2%$-53.44+3.5%
2022-12-31$499.3M-2.3%$-12.98—
2023-12-31$496.3M-0.6%$2.64+46.3%
2024-12-31$463.5M-6.6%$-6.06+16.2%
2025-12-31$477.2M+3.0%$-15.23+44.2%
What management says matters
Persistent and emerging business drivers
Macroeconomic conditionsmixed · 2 filings
“For example, although we believe bitcoin, due to its limited supply, has the potential to serve as a hedge against inflation in the long term, the short-term price of bitcoin declined in recent periods during which the inflation rate increased.”10-K · Feb 19, 2026 ↗
Product pipeline and R&Dmixed · 1 filings
“Our deferred tax liabilities were partially offset by deferred tax assets, such as net operating losses and capitalized research and development costs.”10-K · Feb 19, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
103.99+0.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for STRF. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for STRF. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind STRF
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MCMoelis & CompanysupplierMay 6, 2026 ▾
“Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Moelis & Company LLC, Morgan Stanley & Co.”
MFGMizuho Financial Group, Inc.supplierMay 6, 2026 ▾
“Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Moelis & Company LLC, Morgan Stanley & Co.”
MSMorgan StanleysupplierMay 6, 2026 ▾
“Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Moelis & Company LLC, Morgan Stanley & Co.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
STRF is currently a Participant in the organic co-movement group Technology & Healthcare Innovations. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for STRF; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.