How much cash does MicroStrategy generate?

MicroStrategy (MSTR) generated -$69.7M in operating cash flow over the trailing twelve months.

What is MicroStrategy's free cash flow?

After $14.0M of capital expenditures, MicroStrategy's free cash flow was -$83.7M over the trailing twelve months, down 190.6% year over year.

Where does MicroStrategy's cash flow data come from?

Every line is extracted from MicroStrategy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

MicroStrategy MSTR Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Net income	——	-$12.54B—	——	$8.59B-14.3%	$10.02B+338%
Depreciation and amortization	——	$8.79M—	——	$19.89M—	——
Stock-based compensation	——	$13.17M—	——	$43.04M—	——
Deferred income taxes	——	-$1.93B—	——	$3.34B—	——
Change in accounts receivable	——	-$1.21M—	——	-$24.32M—	——
Change in accounts payable	——	-$802K—	——	$6.71M—	——
Other working capital changes	$871K0.0%	$871K0.0%	$871K0.0%	$871K—	$0—
Change in deferred revenue	——	$41.96M—	——	$7.03M—	——
Net cash from operating activities	——	$13.99M—	——	-$45.61M—	——
Capital expenditures	——	$952K—	——	$7.63M—	——
Net cash from investing activities	——	-$7.25B—	——	-$19.42B—	——
Proceeds from issuance of common stock	——	$5.3B—	——	$11.87B—	——
Proceeds from issuance of preferred stock	——	$2.07B—	——	$5.89B—	——
Net cash from financing activities	——	$7.15B—	——	$19.48B—	——
Effect of exchange rate changes on cash	——	-$2.44M—	——	$2.65M—	——
Net increase (decrease) in cash	——	-$94.1M—	——	$16.3M—	——
Interest paid	$11.63M0.0%	$11.63M0.0%	$11.63M0.0%	$11.63M+4.4%	$11.14M0.0%
Amortization expense related to capitalized debt issuance costs	——	$6.52M—	——	$18.91M—	——
Digital asset impairment losses	$0—	$0—	$0—	$0-100%	$447.47M0.0%
Unrealized loss on digital assets	——	$14.46B—	——	——	——
Increase (Decrease) in Deposit Assets	——	-$428K—	——	-$1.72M—	——
Accrued compensation and employee benefits	——	-$38.03M—	——	-$40.4M—	——
Operating lease liabilities and long-term liabilities	——	-$2.82M—	——	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	$5.98M—	——	$19.13M—	——
Operating lease right-of-use asset amortization	——	$1.53M—	——	$6.8M—	——
Other Noncash Income (Expense)	——	-$492K—	——	——	——
Advance Deposits on Purchases of Property and Equipment	——	$0—	——	$27M—	——
Payment for Acquisition, Crypto Asset	——	$7.25B—	——	——	——
Payments Of Debt Issuance Costs	——	$0—	——	——	——
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	——	$229.53M—	——	$197.92M—	——
Payments Of Stock Issuance Costs	——	——	——	$20.32M—	——
Other, net	——	-$149K—	——	——	——
Proceeds from issuance of common stock relating to employee stock plans	——	$3.05M—	——	——	——
Repayments of Convertible Debt	——	$0—	——	$143K—	——
Income Taxes Paid, Net	$3.28M0.0%	$3.28M0.0%	$3.28M0.0%	$3.28M+1,140%	$264.75K0.0%
Free cash flow	——	$13.04M—	——	-$53.24M—	——

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Questions, answered.

How much cash does MicroStrategy generate?: MicroStrategy (MSTR) generated -$69.7M in operating cash flow over the trailing twelve months.
What is MicroStrategy's free cash flow?: After $14.0M of capital expenditures, MicroStrategy's free cash flow was -$83.7M over the trailing twelve months, down 190.6% year over year.
Where does MicroStrategy's cash flow data come from?: Every line is extracted from MicroStrategy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.