Gross margin
68.7% Fiscal year 2025
Rank 79 of 100: higher than 79% of 153 peers (All). strong.
Share of revenue left after the direct cost of the products sold.
About the company
Strategy, formerly MicroStrategy, is a US company that, besides data analytics software, mainly holds large amounts of Bitcoin. It keeps acquiring Bitcoin, financed through shares, bonds and preferred shares. Its development therefore depends heavily on the price of Bitcoin. As of Oct 11, 2026
Fact sheet (from the annual report) Other financial services · Tysons Corner, USA
Strategy, known under a different name until August 2025, holds Bitcoin as the central reserve asset of its corporate treasury. The company currently finances its Bitcoin acquisitions mainly by issuing common stock and various preferred stocks. In 2025 Strategy issued several classes of preferred stock that are indirectly linked to the common stock and the Bitcoin holdings. The Bitcoin is held almost entirely with custodians in the United States, currently Anchorage, Coinbase and Fidelity. The company also offers Strategy One, an analytics platform with artificial intelligence for mid-sized and large companies. The company sells this mainly through its own field sales force.
Automatically summarized from SEC annual report (10-K, filed Feb 19, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Price performance at a glance
Last 30 trading days
- Today +1.1%
- 7 days −0.9%
- 30 days −10.9%
- 1 year −52.2%
Day range (last trading day)
−1.9%Price at 82% of the range+0.4%
52-week range
−42.1%Price at 28% of the range+110.2%
- Distance from the all-time high
- −74.0%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Double bottom · Analysis method
This method currently detects no pattern for MSTR. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? The price has formed two similarly deep lows and broken above the neckline between them. This is seen as a sign that the downward move is ending.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginStrategy (MicroStrategy) · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 19, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet
2 of 8 criteria met
Growth
Revenue and earnings per share · 2 without data
1 of 5 criteria met
Dividend
Level, consistency, coverage · 6 without data
0 of 1 criteria met
Financial strength
Piotroski, debt, liquidity
3 of 6 criteria met
Quality 2 of 8 met
- met: Gross margin above 40% 68.7%
- not met: Operating margin above 15% −1,140.8%
- not met: Net margin above 10% −806.3%
- not met: Return on equity above 15% −8.7%
- not met: Free cash flow margin above 10% −15.8%
- not met: Profit in each of the last 5 fiscal years 1 of 5
- not met: Free cash flow positive in each of the last 3 fiscal years 1 of 3
- met: Equity ratio above 30% 71.6%
Operating margin
−1,140.8% Fiscal year 2025
Rank 2 of 100: higher than 2% of 192 peers (All). weak.
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
−806.3% Fiscal year 2025
Rank 3 of 100: higher than 3% of 237 peers (All). weak.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
−8.7% Fiscal year 2025
Rank 12 of 100: higher than 12% of 218 peers (All). weak.
Net income divided by equity at fiscal year end.
Return on assets
−6.2% Fiscal year 2025 (total assets at year end)
Rank 12 of 100: higher than 12% of 238 peers (All). weak.
Net income divided by total assets at fiscal year end.
Equity ratio
71.6% Fiscal year 2025
Rank 90 of 100: higher than 90% of 239 peers (All). strong.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
−15.8% Fiscal year 2025
Rank 16 of 100: higher than 16% of 213 peers (All). weak.
Free cash flow divided by revenue.
Free cash flow
−75.5M USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 1 of 5 met · 2 without data
- not met: Over 3 years, revenue grew by more than 5% per year −1.5%
- not met: Over 5 years, revenue grew by more than 5% per year −0.1%
- not met: Over 10 years, revenue grew by more than 5% per year −1.0%
- no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- not met: Revenue rose in at least 4 of the last 5 fiscal years 2 of 5
- met: Revenue rose in the last fiscal year +3.0%
Revenue growth 3 years
−1.5% per year
Rank 15 of 100: higher than 15% of 230 peers (All). weak.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
−0.1% per year
Rank 5 of 100: higher than 5% of 217 peers (All). weak.
Average growth per year over 5 fiscal years.
Revenue growth 10 years
−1.0% per year
Rank 6 of 100: higher than 6% of 157 peers (All). weak.
Average growth per year over 10 fiscal years.
Dividend 0 of 1 met · 6 without data
- not met: Pays a dividend no dividend per share reported for the last fiscal year
- no data: Payout ratio at most 60% of earnings pays no dividend
- no data: Dividend paid in each of the last 5 fiscal years pays no dividend
- no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
- no data: Dividend per share higher than 5 years ago pays no dividend
- no data: Free cash flow per share covers the dividend pays no dividend
- no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend
Financial strength 3 of 6 met
- not met: Piotroski F-Score at least 7 of 9 4 of 9
- met: Long-term debt no higher than equity 0.18
- met: Current assets cover current liabilities 5.62
- met: Positive equity 44.1B USD
- not met: In 5 years, share count up by at most 5% +186.7%
- not met: Free cash flow positive in the last fiscal year −75.5M USD
Piotroski F-Score
4 of 9 Fiscal year 2025
Rank 8 of 100: higher than 8% of 134 peers (All). weak.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.18 at fiscal year end
Rank 80 of 100: lower than 80% of 199 peers (All). strong.
Long-term financial debt divided by equity.
Liquidity (current ratio)
5.62 at fiscal year end
Rank 92 of 100: higher than 92% of 215 peers (All). strong.
Current assets divided by current liabilities.
Change in share count
+186.7% in 5 years
Rank 6 of 100: lower than 6% of 199 peers (All). weak.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- not met: Profit in the last fiscal year (positive return on assets)
- not met: Positive operating cash flow
- met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- met: Long-term debt relative to total assets fell
- met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- not met: Gross margin higher than the prior year
- not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light red: Revenue shrank over 5 years (−0.1% per year).
- Light red: Loss in the last fiscal year.
- Light red: Profit in 5 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 512.2M USD · Net income 90.9M USD · Net margin 17.7%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 504.5M USD · Net income 17.6M USD · Net margin 3.5%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 497.6M USD · Net income 22.5M USD · Net margin 4.5%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 486.3M USD · Net income 34.4M USD · Net margin 7.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 480.7M USD · Net income −7.5M USD · Net margin −1.6%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 510.8M USD · Net income −535.5M USD · Net margin −104.8%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 499.3M USD · Net income −1.5B USD · Net margin −294.4%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 496.3M USD · Net income 429.1M USD · Net margin 86.5%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 463.5M USD · Net income −1.2B USD · Net margin −251.7%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 477.2M USD · Net income −3.8B USD · Net margin −806.3%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 129.5M USD · Net income −143.4M USD · Net margin −110.8%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 124.5M USD · Net income 89.1M USD · Net margin 71.6% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 115.2M USD · Net income −53.1M USD · Net margin −46.1%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 111.4M USD · Net income −102.6M USD · Net margin −92.0%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 116.1M USD · Net income −340.2M USD · Net margin −293.1%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 120.7M USD · Net income −670.8M USD · Net margin −555.8% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 111.1M USD · Net income −4.2B USD · Net margin −3,797.2%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 114.5M USD · Net income 10.0B USD · Net margin 8,752.7%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 128.7M USD · Net income 2.8B USD · Net margin 2,164.1%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue not available · Net income −12.4B USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 124.3M USD · Net income −12.5B USD · Net margin −10,090.6%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 122.4M USD · Net income −8.2B USD · Net margin −6,717.1%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 0.79 USD (adjusted for split 10:1)
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 0.15 USD (adjusted for split 10:1)
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 0.20 USD (adjusted for split 10:1)
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.33 USD (adjusted for split 10:1)
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −0.08 USD (adjusted for split 10:1)
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share −5.34 USD (adjusted for split 10:1)
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share −12.98 USD (adjusted for split 10:1)
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 2.64 USD (adjusted for split 10:1)
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share −6.06 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share −15.23 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share −1.01 USD (adjusted for split 10:1)
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share −0.31 USD (adjusted for split 10:1)
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share −0.57 USD (adjusted for split 10:1)
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share −1.72 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share −16.49 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 32.60 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 8.42 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −38.25 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share −24.45 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 477.2M USD · Net income −3.8B USD · Net margin −806.3%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 68.7 USD gross profit remained.
Operating loss: −1,140.8% of revenue
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 477.2M USD | 100.0% |
| Gross profit | 327.8M USD | 68.7% |
| Cost of revenue | 149.4M USD | 31.3% |
| Operating expenses | 5.8B USD | 1,209.5% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin fell in 5 years from 0.8% to −23.2%.
Gross marginOperating marginNet margin Margins above ±200% hidden (revenue very small relative to the result).- Fiscal year 2016: Gross margin 81.8% · Operating margin 21.0% · Net margin 17.7%
- Fiscal year 2017: Gross margin 80.8% · Operating margin 14.7% · Net margin 3.5%
- Fiscal year 2018: Gross margin 80.0% · Operating margin 0.8% · Net margin 4.5%
- Fiscal year 2019: Gross margin 79.4% · Operating margin −0.2% · Net margin 7.1%
- Fiscal year 2020: Gross margin 81.1% · Operating margin −2.8% · Net margin −1.6%
- Fiscal year 2021: Gross margin 82.0% · Operating margin −153.6% · Net margin −104.8%
- Fiscal year 2022: Gross margin 79.4% · Operating margin not available · Net margin not available
- Fiscal year 2023: Gross margin 77.8% · Operating margin −23.2% · Net margin 86.5%
- Fiscal year 2024: Gross margin 72.1% · Operating margin not available · Net margin not available
- Fiscal year 2025: Gross margin 68.7% · Operating margin not available · Net margin not available
Returns
Return on equity fell in 5 years from −1.4% to −8.7%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 16.5% · Return on assets 11.8%
- Fiscal year 2017: Return on equity 3.0% · Return on assets 2.1%
- Fiscal year 2018: Return on equity 4.2% · Return on assets 2.6%
- Fiscal year 2019: Return on equity 6.8% · Return on assets 3.7%
- Fiscal year 2020: Return on equity −1.4% · Return on assets −0.5%
- Fiscal year 2021: Return on equity −54.7% · Return on assets −15.1%
- Fiscal year 2022: Return on equity not available · Return on assets −61.0%
- Fiscal year 2023: Return on equity 19.8% · Return on assets 9.0%
- Fiscal year 2024: Return on equity −6.4% · Return on assets −4.5%
- Fiscal year 2025: Return on equity −8.7% · Return on assets −6.2%
Equity and long-term debt
The equity ratio rose in 5 years from 37.7% to 71.6%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases. Definition changes: some years use a different debt tag.- Fiscal year 2016: Equity 552.2M USD · Long-term debt not available
- Fiscal year 2017: Equity 590.5M USD · Long-term debt not available
- Fiscal year 2018: Equity 529.7M USD · Long-term debt not available
- Fiscal year 2019: Equity 508.6M USD · Long-term debt 0.0 USD
- Fiscal year 2020: Equity 553.0M USD · Long-term debt 486.4M USD
- Fiscal year 2021: Equity 979.0M USD · Long-term debt 2.2B USD
- Fiscal year 2022: Equity −383.1M USD · Long-term debt 2.4B USD
- Fiscal year 2023: Equity 2.2B USD · Long-term debt 2.2B USD
- Fiscal year 2024: Equity 18.2B USD · Long-term debt 7.2B USD
- Fiscal year 2025: Equity 44.1B USD · Long-term debt 8.2B USD
Liquidity (current ratio)
The current ratio rose in 5 years from 0.95 to 5.62.
Current ratio- Fiscal year 2016: Current ratio 3.69
- Fiscal year 2017: Current ratio 4.13
- Fiscal year 2018: Current ratio 3.01
- Fiscal year 2019: Current ratio 2.79
- Fiscal year 2020: Current ratio 0.95
- Fiscal year 2021: Current ratio 0.86
- Fiscal year 2022: Current ratio 0.83
- Fiscal year 2023: Current ratio 0.83
- Fiscal year 2024: Current ratio 0.71
- Fiscal year 2025: Current ratio 5.62
Cash flow
Free cash flow fell in 5 years from 50.0M USD to −75.5M USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 110.6M USD · Capital expenditure 2.3M USD · Free cash flow 108.3M USD
- Fiscal year 2017: Operating cash flow 78.3M USD · Capital expenditure 4.0M USD · Free cash flow 74.3M USD
- Fiscal year 2018: Operating cash flow not available · Capital expenditure 6.8M USD · Free cash flow not available
- Fiscal year 2019: Operating cash flow 60.9M USD · Capital expenditure 10.2M USD · Free cash flow 50.7M USD
- Fiscal year 2020: Operating cash flow 53.6M USD · Capital expenditure 3.7M USD · Free cash flow 50.0M USD
- Fiscal year 2021: Operating cash flow 93.8M USD · Capital expenditure 2.7M USD · Free cash flow 91.1M USD
- Fiscal year 2022: Operating cash flow not available · Capital expenditure 2.5M USD · Free cash flow not available
- Fiscal year 2023: Operating cash flow 12.7M USD · Capital expenditure 2.9M USD · Free cash flow 9.8M USD
- Fiscal year 2024: Operating cash flow −53.0M USD · Capital expenditure 3.0M USD · Free cash flow −56.0M USD
- Fiscal year 2025: Operating cash flow −67.2M USD · Capital expenditure 8.2M USD · Free cash flow −75.5M USD
Share count
The share count rose in 5 years by 186.7% – more new shares were issued than repurchased (dilution).
Diluted share count- Fiscal year 2016: Diluted share count 115.2M
- Fiscal year 2017: Diluted share count 115.5M
- Fiscal year 2018: Diluted share count 114.1M
- Fiscal year 2019: Diluted share count 103.3M
- Fiscal year 2020: Diluted share count 96.8M
- Fiscal year 2021: Diluted share count 100.2M
- Fiscal year 2022: Diluted share count 113.2M
- Fiscal year 2023: Diluted share count 165.7M
- Fiscal year 2024: Diluted share count 192.5M
- Fiscal year 2025: Diluted share count 277.7M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- none pays no dividend
- Share count over 5 years
- +186.7% more shares – dilution
What goes back to shareholders
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2016: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 108.3M USD
- Fiscal year 2017: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 74.3M USD
- Fiscal year 2018: Dividends paid not available · Share repurchases 111.0M USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2019: Dividends paid not available · Share repurchases 72.7M USD · New shares issued (including employee plans) not available · Free cash flow 50.7M USD
- Fiscal year 2020: Dividends paid not available · Share repurchases 123.2M USD · New shares issued (including employee plans) 0.0 USD · Free cash flow 50.0M USD
- Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 1.0B USD · Free cash flow 91.1M USD
- Fiscal year 2022: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) 46.6M USD · Free cash flow not available
- Fiscal year 2023: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 2.0B USD · Free cash flow 9.8M USD
- Fiscal year 2024: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 16.4B USD · Free cash flow −56.0M USD
- Fiscal year 2025: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) 16.3B USD · Free cash flow −75.5M USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Key figures with traffic lights
Each light follows a simple, disclosed rule. This symbol has no sector assignment – lights with a sector comparison stay gray or use only the basic rule.
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth−0.1% per year, last 5 years
What does this mean? Revenue: over 5 years it fell by 0.1% per year on average.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth– per year, last 5 years
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin−806.3% last fiscal year
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 806.35 USD. Five years ago the margin was −1.6%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.22 latest balance sheet
What does this mean? For every 1 USD of equity there is 0.22 USD of financial debt. Without a sector comparison this is hard to put into context.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth– Dividend / earnings per share
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin5 of 10 fiscal years with a profit
What does this mean? In 5 of the last 10 fiscal years the bottom line showed a profit. 5 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 477.2M | −3.8B | −806.3% | −15.23 | – | – |
| 2024 | Dec 31, 2024 | 463.5M | −1.2B | −251.7% | −6.06 | – | – |
| 2023 | Dec 31, 2023 | 496.3M | 429.1M | 86.5% | 2.64 | – | – |
| 2022 | Dec 31, 2022 | 499.3M | −1.5B | −294.4% | −12.98 | – | – |
| 2021 | Dec 31, 2021 | 510.8M | −535.5M | −104.8% | −5.34 | – | – |
| 2020 | Dec 31, 2020 | 480.7M | −7.5M | −1.6% | −0.08 | – | – |
| 2019 | Dec 31, 2019 | 486.3M | 34.4M | 7.1% | 0.33 | – | – |
| 2018 | Dec 31, 2018 | 497.6M | 22.5M | 4.5% | 0.20 | – | – |
| 2017 | Dec 31, 2017 | 504.5M | 17.6M | 3.5% | 0.15 | – | – |
| 2016 | Dec 31, 2016 | 512.2M | 90.9M | 17.7% | 0.79 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 122.4M | −8.2B | −6,717.1% | −24.45 | – | – |
| Q1/26 | Mar 31, 2026 | 124.3M | −12.5B | −10,090.6% | −38.25 | – | – |
| Q4/25* | Dec 31, 2025 | – | −12.4B | – | – | – | – |
| Q3/25 | Sep 30, 2025 | 128.7M | 2.8B | 2,164.1% | 8.42 | – | – |
| Q2/25 | Jun 30, 2025 | 114.5M | 10.0B | 8,752.7% | 32.60 | – | – |
| Q1/25 | Mar 31, 2025 | 111.1M | −4.2B | −3,797.2% | −16.49 | – | – |
| Q4/24* | Dec 31, 2024 | 120.7M | −670.8M | −555.8% | – | – | – |
| Q3/24 | Sep 30, 2024 | 116.1M | −340.2M | −293.1% | −1.72 | – | – |
| Q2/24 | Jun 30, 2024 | 111.4M | −102.6M | −92.0% | −0.57 | – | – |
| Q1/24 | Mar 31, 2024 | 115.2M | −53.1M | −46.1% | −0.31 | – | – |
| Q4/23* | Dec 31, 2023 | 124.5M | 89.1M | 71.6% | – | – | – |
| Q3/23 | Sep 30, 2023 | 129.5M | −143.4M | −110.8% | −1.01 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 10:1 (between Aug 6, 2024 and Oct 31, 2024). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $1.8M2 people | −$1.8M |
| 6 months | $1.0M2 people | $26.4M5 people | −$25.4M |
| 12 months | $2.2M4 people | $36.1M6 people | −$33.9M |
Latest transactions
- Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $71.1K · SEC
- Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $70.2K · SEC
- Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $69.5K · SEC
- Oct 8, 2026 Patten Jarrod M Director Open-market sale 450 shares · $68.4K · SEC
- Oct 8, 2026 Patten Jarrod M Director Open-market sale 950 shares · $143.0K · SEC
- Sep 22, 2026 Patten Jarrod M Director Open-market sale 475 shares · $81.2K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -25
Price vs. EMA 50+15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)+0
Highs and lows-20
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)19.9
Rel. strength 60 d+47.6%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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