Strategy posts $12.4B Q4 2025 net loss as bitcoin falls; FY2025 revenue $477.2M
Strategy's fourth-quarter 2025 release, dated February 5, 2026, reported a net loss of $12.4 billion, or $42.93 per diluted share, driven by the drop in bitcoin's fair value. Q4 revenue rose 1.9% to $123.0 million, and full-year 2025 revenue was $477.2 million with a full-year net loss of $3.8 billion. The company reported $2.3 billion of cash at year end and 713,502 BTC as of February 1.
- Q4 2025 net loss $12.4B, $42.93 per diluted share
- Q4 2025 revenue $123.0M, up 1.9% year over year
- FY2025 revenue $477.2M; FY2025 net loss $3.8B
- Cash $2.3B at Dec 31, 2025; BTC Yield 22.8% for 2025
MSTR around the story · hourly24 h reaction ▲ 13.75%
Moves this explains
MSTR−18.09%Feb 4 · Strategy fell 18.09% to $104.81 on the day it reported a $12.4B Q4 2025 net loss, while bitcoin fell 14.03% and ether fell 14.98%. Silver fell 24.92% and Coinbase fell 13.97%, and the S&P 500 fell 2.17%, so the move was driven by the crypto selloff on top of a broad risk-off day.PLTR−10.01%Feb 4 · Palantir fell 10.01% to $125.55 in a crypto-led selloff: BTC -14.03%, ETH -14.98%, COIN -13.97%, HOOD -12.81%, MSTR -18.09% and silver -24.92%. The nearest report is Strategy's Q4 2025 net loss as bitcoin fell, and the S&P 500 also dropped 2.17% that day.Source
SEC EDGAR (Strategy Inc 8-K Ex. 99.1)Feb 5, 2026