- Revenue: $120.7M, -3.0% YoY
- Added 195,250 bitcoins in Q4, largest quarterly increase ever
- Holds 471,107 total bitcoins valued at $41.8B at quarter end
President & CEO Phong Le: "Strategy is at the cutting edge of innovation, championing the two most transformative technologies of the 21st century: Bitcoin and AI. We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines."
CFO Andrew Kang: "Q4 2024 marked our largest ever increase in quarterly bitcoin holdings, culminating in the acquisition of 218,887 bitcoins acquired for $20.5 billion since the end of Q3."
🌱Revenue & Growth
- Subscription Services: $31.9M, +48.4% YoY
- Product Licenses & Subscription: $47.2M, +18.3% YoY
- Product Support: $58.4M, -10.8% YoY
- Other Services: $15.1M, -20.8% YoY
💰Profits & Financials
- Gross Profit: $86.5M, 71.7% margin vs 77.3% YoY
- Operating Loss: $1.016B vs $42.8M loss YoY
- Net Loss: $670.8M vs $89.1M profit YoY
- Cash & Equivalents: $38.1M vs $46.8M YoY
- Digital Assets Carrying Value: $23.9B vs $3.6B YoY
📌Business Highlights
- Completed 10-for-1 stock split of Class A and B common stock
- Issued $3.0B of 0% Convertible Senior Notes due 2029
- Rebranded from MicroStrategy to Strategy, focusing on Bitcoin and AI
🔮Future Outlook
- Revised annual BTC Yield target to minimum 15% for 2025
- Set annual "BTC $ Gain" target of $10B for 2025
- Will adopt fair value accounting for bitcoin holdings in Q1 2025