CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenues:
Total revenues		$ 114,488	$ 111,442	$ 225,554	$ 226,688
Cost of revenues:
Total cost of revenues		35,750	30,935	69,721	60,950
Gross profit		78,738	80,507	155,833	165,738
Operating expenses:
Sales and marketing		33,691	34,251	61,223	67,702
Research and development		24,071	30,311	48,494	59,494
General and administrative		36,500	36,129	77,047	70,795
Unrealized gain on digital assets		(14,047,514)	0	(8,141,509)	0
Digital asset impairment losses		0	180,090	0	371,723
Total operating expenses		(13,953,252)	280,781	(7,954,745)	569,714
Income (loss) from operations		14,031,990	(200,274)	8,110,578	(403,976)
Interest expense, net	[1]	(17,897)	(15,466)	(35,003)	(27,347)
Other (expense) income, net		(8,271)	694	(12,207)	2,390
Income (loss) before income taxes		14,005,822	(215,046)	8,063,368	(428,933)
Provision for (benefit from) income taxes	[2]	3,984,976	(112,487)	2,259,892	(273,256)
Net income (loss)		10,020,846	(102,559)	5,803,476	(155,677)
Dividends on preferred stock		(49,110)	0	(58,347)	0
Net income (loss) attributable to common stockholders of Strategy - Basic		$ 9,971,736	$ (102,559)	$ 5,745,129	$ (155,677)
Basic earnings (loss) per common share	[3]	$ 36.23	$ (0.57)	$ 21.61	$ (0.89)
Weighted average common shares outstanding - Basic		275,244	178,607	265,910	175,326
Diluted earnings (loss) per common share	[3]	$ 32.6	$ (0.57)	$ 19.43	$ (0.89)
Weighted average common shares outstanding - Diluted		306,764	178,607	298,039	175,326
Total product licenses and subscription services
Revenues:
Total revenues		$ 48,001	$ 33,366	$ 92,374	$ 69,270
Cost of revenues:
Total cost of revenues		17,075	10,354	32,468	19,525
Product licenses
Revenues:
Total revenues		7,177	9,286	14,447	22,224
Cost of revenues:
Total cost of revenues		1,169	794	2,133	1,361
Subscription services
Revenues:
Total revenues		40,824	24,080	77,927	47,046
Cost of revenues:
Total cost of revenues		15,906	9,560	30,335	18,164
Product support
Revenues:
Total revenues		52,081	61,740	104,610	124,425
Cost of revenues:
Total cost of revenues		7,291	8,193	14,645	16,740
Other services
Revenues:
Total revenues		14,406	16,336	28,570	32,993
Cost of revenues:
Total cost of revenues		$ 11,384	$ 12,388	$ 22,608	$ 24,685

[1] Interest expense, net is substantially related to interest expense on the Company’s long-term debt arrangements, the proceeds from which were primarily used to purchase bitcoin.

[2] Income tax effects allocated to the Corporate & Other category are related solely to transactions involving the Company’s bitcoin or debt, including unrealized gains or losses on digital assets, digital asset impairment losses, interest expenses, gains and losses on debt extinguishments, share-based compensation expense, corporate resources (including personnel costs), and other third-party expenses.

[3] Basic and fully diluted earnings per common share for class A and class B common stock are the same.