FINHUB Insights

Strategy Q2 FY25: where the revenue came from and where it went

The whole income statement of Strategy for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 5, 2025 10-Q accession 0000950170-25-102209

Revenue$0.11B +3% year over year
Gross profit$0.08B 69% margin
Operating profit$14.03B 12256% margin
Net profit$10.02B 8753% margin
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The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 0.11 100% +3%
Maintenance 0.05 46% −16%
Subscription & circulation 0.04 36% +70%
Technology service 0.01 12% −12%
License 0.01 6% −23%
Cost of revenue−0.0432%
Gross profit0.0869% margin−3pp
R&D−0.0221%−6pp
Sales & marketing−0.0330%−1pp
G&A−0.0432%−1pp
Digital asset gains14.05
Operating profit14.0312256% margin+12436pp
Interest & other costs−0.03
Tax−3.99
Net profit10.02 8753% margin+8845pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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