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Strategy Inc

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 19, 2026

MSTR$121.07-3.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 15. Exhibits, Financial Statement Schedules

(a)The following documents are filed as part of this Annual Report:

1. · Consolidated Financial Statements
Page
Reports of Independent Registered Public Accounting Firm86
Consolidated Financial Statements:
Balance Sheets89
Statements of Operations90
Statements of Comprehensive (Loss) Income91
Statements of Mezzanine Equity and Stockholders’ Equity92
Statements of Cash Flows93
Notes to Consolidated Financial Statements94
2.Exhibits137
3.Consolidated Financial Statement Schedule
Schedule II - Valuation and Qualifying Accounts142

(b)Exhibits

We hereby file as part of this Annual Report the exhibits listed in the Index to Exhibits.

(c)Financial Statement Schedule

The following financial statement schedule is filed herewith:

Schedule II—Valuation and Qualifying Accounts

All other items included in an Annual Report on Form 10‑K are omitted because they are not applicable or the answers thereto are none.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.