7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 2002-06-30 
      
    		                                                                                              
      assets
    		                                                                                              
      current assets:
    		                                                                                              
      cash and cash equivalents
    		54,285,000 50,095,000 60,298,000 38,117,000 46,343,000 66,923,000 81,326,000 46,817,000 45,009,000 65,968,000 94,311,000 43,835,000 60,390,000 69,386,000 92,677,000 63,356,000 56,975,000 56,399,000 82,544,000 59,675,000 52,653,000 420,899,000 429,276,000 456,727,000 375,071,000 261,497,000 258,743,000 109,924,000 112,082,000 90,427,000 152,155,000 420,244,000 386,855,000 379,694,000 358,676,000 401,975,000 365,555,000 347,389,000 308,887,000 292,341,000 230,188,000 201,146,000 165,094,000 146,919,000 136,006,000 111,859,000 214,751,000 220,171,000 163,777,000 188,688,000 330,195,000 224,393,000 216,609,000 195,540,000 211,132,000 199,634,000 186,300,000 193,025,000 203,143,000 174,097,000 184,302,000 202,682,000 231,862,000 224,769,000 200,670,000 176,167,000 162,193,000 122,915,000 127,287,000 119,603,000 99,877,000 85,194,000 75,725,000 76,140,000 66,978,000 78,980,000 47,828,000 46,940,000 42,744,000 42,318,000 39,614,000 50,632,000 63,239,000 68,314,000 74,793,000 60,817,000 76,321,000 51,882,000 38,721,000 34,874,000 21,929,000 15,036,000 22,323,000  
      restricted cash
    		1,915,000 2,037,000 1,960,000 1,780,000 1,862,000 1,878,000 2,402,000 1,856,000 1,865,000 2,085,000 2,153,000 7,033,000 6,578,000 6,155,000 6,265,000 1,078,000 1,149,000 1,205,000 1,194,000 1,084,000 1,231,000 1,221,000 2,742,000 1,089,000 798,000 1,039,000 922,000 862,000 901,000 964,000 1,025,000 938,000 764,000 833,000 851,000 737,000 566,000 643,000 701,000 618,000 487,000 655,000 716,000 661,000 1,550,000 705,000 1,123,000 583,000 194,000 122,000                              5,076,000    1,210,000 738,000 722,000 726,000 747,000 797,000 679,000 6,193,000 6,173,000 6,062,000  
      accounts receivable
    		113,406,000 117,870,000 104,585,000 181,203,000 107,169,000 112,234,000 115,150,000 183,815,000 128,650,000 121,901,000 139,178,000 189,280,000 109,926,000 118,645,000 126,930,000 189,280,000 123,748,000 131,516,000 150,626,000 197,461,000 148,512,000 123,794,000 124,935,000 163,516,000 118,002,000 129,144,000 133,922,000 171,359,000 110,761,000 125,115,000 147,332,000 69,500,000 66,337,000 68,005,000 73,394,000 83,319,000 58,052,000 54,887,000 56,558,000 68,154,000 55,039,000 56,038,000 58,436,000 78,633,000 57,514,000 57,525,000 67,742,000 86,181,000 62,869,000 73,397,000 69,486,000 93,758,000 75,474,000 78,893,000 76,854,000 94,723,000 77,084,000 70,974,000 64,094,000 82,056,000 57,729,000 52,608,000 43,317,000 56,399,000 56,010,000 41,604,000 37,971,000 49,670,000 45,196,000 40,405,000 44,726,000 52,214,000 52,782,000 41,215,000 34,138,000 54,468,000 41,701,000 34,069,000 37,699,000  28,854,000 32,387,000 27,903,000  30,352,000 27,456,000 23,144,000 30,993,000 28,207,000 28,956,000 24,038,000 28,195,000 19,850,000  
      prepaid expenses and other current assets
    		44,345,000 43,459,000 36,769,000 31,224,000 30,668,000 27,234,000 42,714,000 35,407,000 24,041,000 19,680,000 24,034,000 24,418,000 25,399,000 25,496,000 21,116,000 14,251,000 15,750,000 19,338,000 16,390,000 14,400,000 16,040,000 16,887,000 26,163,000 23,195,000 24,665,000 22,259,000 32,511,000 30,068,000 27,629,000 27,863,000 32,656,000 18,002,000 17,649,000 13,951,000 11,718,000 11,548,000 11,597,000 15,414,000 14,563,000 10,881,000 12,078,000 14,389,000 17,856,000 17,669,000 19,682,000 19,041,000 14,100,000 14,260,000 13,597,000 11,836,000 12,013,000 13,288,000 16,601,000 18,476,000 15,469,000 17,043,000 19,956,000 19,314,000 22,971,000 26,751,000 14,562,000 15,306,000 12,363,000 10,861,000 10,145,000 8,053,000 9,881,000 9,518,000 11,553,000 13,618,000 13,628,000 12,681,000 9,366,000 9,698,000 8,890,000 8,633,000 7,845,000 7,490,000 6,854,000  5,716,000 4,685,000 6,085,000  6,565,000 5,055,000 3,398,000 3,888,000 6,144,000 4,258,000 4,911,000 5,032,000 4,865,000  
      total current assets
    		213,951,000 213,461,000 203,612,000 252,324,000 186,042,000 208,269,000 241,592,000 267,895,000 199,565,000 209,634,000 259,676,000 264,566,000 202,293,000 219,682,000 246,988,000 267,965,000 197,622,000 208,458,000 250,754,000 272,620,000 218,436,000 672,773,000 693,062,000 753,446,000 721,754,000 727,288,000 718,412,000 778,399,000 838,466,000 853,536,000 876,480,000 763,611,000 730,854,000 715,184,000 704,455,000 684,987,000 649,117,000 621,030,000 608,119,000 565,314,000 536,854,000 513,449,000 483,429,000 462,365,000 464,257,000 466,486,000 462,362,000 479,948,000 441,646,000 422,243,000 431,404,000 358,141,000 335,497,000 314,896,000 332,816,000 343,205,000 310,393,000 305,277,000 309,752,000 296,858,000 275,767,000 286,803,000 301,346,000 305,220,000 282,003,000 243,322,000    209,594,000 195,828,000 182,723,000 169,786,000 162,366,000 152,871,000 175,406,000 129,802,000 119,700,000 147,216,000  139,172,000 116,590,000 192,254,000  129,178,000 95,776,000 105,462,000 89,317,000 74,290,000 69,507,000 57,381,000 54,975,000 53,153,000  
      digital assets
    		73,205,725,000 64,362,798,000 43,546,079,000 23,909,373,000 6,850,879,000 5,687,890,000 5,074,152,000 3,626,476,000 2,451,374,000 2,323,252,000 2,000,392,000 1,840,028,000 1,993,032,000 1,987,781,000 2,895,619,000 2,850,210,000 2,405,739,000 2,051,039,000 1,946,582,000 1,054,302,000 380,758,000                                                                          
      property and equipment
    		29,949,000 30,203,000 28,335,000 26,327,000 27,517,000 28,332,000 29,108,000 28,941,000 30,192,000 30,507,000 31,338,000 32,311,000 33,033,000 34,580,000 35,680,000 36,587,000 38,133,000 39,659,000 41,091,000 42,975,000 45,473,000 45,300,000 47,623,000 50,154,000 51,993,000 54,285,000 54,832,000 51,919,000 51,861,000 51,918,000 53,414,000 53,359,000 53,712,000 54,490,000 55,811,000 57,436,000 59,668,000 61,501,000 63,228,000 65,664,000 68,862,000 72,368,000 75,732,000 77,852,000 81,542,000 85,023,000 82,013,000 85,445,000 89,165,000 93,153,000 96,694,000 100,514,000 101,675,000 102,227,000 102,238,000 95,311,000 87,497,000 78,931,000 64,516,000 65,033,000 63,732,000 58,945,000 54,793,000 54,906,000 7,220,000 7,799,000 8,611,000 8,978,000 8,543,000 8,954,000 8,426,000 9,544,000 10,136,000 10,486,000 11,115,000 11,102,000 10,600,000 10,937,000 11,305,000  12,957,000 13,950,000 15,086,000  16,121,000 16,198,000 16,636,000 16,113,000 16,435,000 16,884,000 17,313,000 18,471,000 20,161,000  
      right-of-use assets
    		49,236,000 51,573,000 53,070,000 54,560,000 55,308,000 53,591,000 55,093,000 57,343,000 54,542,000 58,264,000 59,655,000 61,299,000 62,902,000 65,169,000 64,637,000 66,760,000 68,755,000 70,340,000 71,367,000 73,597,000 79,296,000 81,543,000 82,690,000 85,538,000 86,994,000 89,631,000 87,743,000                                                                    
      deposits and other assets
    		114,342,000 109,664,000 83,261,000 75,794,000 51,109,000 43,449,000 31,757,000 24,300,000 24,156,000 22,421,000 23,825,000 23,916,000 20,992,000 17,786,000 18,181,000 15,820,000 14,857,000 15,756,000 15,013,000 15,615,000 15,405,000 14,596,000 7,757,000 8,024,000 7,455,000 7,981,000 8,374,000 8,134,000 7,549,000 7,112,000 6,974,000 2,868,000 7,099,000 6,055,000 5,639,000 5,695,000 5,624,000 6,077,000 2,103,000 2,072,000 2,184,000 3,516,000 3,551,000 3,951,000 4,651,000 5,282,000 6,230,000 6,622,000 6,882,000 7,136,000 4,945,000 5,259,000 4,807,000 5,038,000 5,159,000 5,306,000 5,807,000 5,668,000 5,138,000 5,587,000 3,979,000 3,974,000 2,420,000 3,283,000 36,414,000 35,518,000 36,288,000 36,804,000 37,313,000 11,907,000 12,126,000 11,433,000 11,417,000 8,963,000 7,507,000 2,461,000 2,462,000 1,923,000 1,958,000  2,434,000 2,623,000 2,831,000  3,234,000 3,407,000 1,236,000 1,380,000 1,805,000 1,346,000 1,147,000 1,224,000 5,813,000  
      deferred tax assets
    		5,835,000 5,716,000 5,403,000 1,525,307,000 1,172,726,000 1,031,542,000 919,837,000 757,573,000 614,112,000 719,026,000 651,516,000 188,152,000 233,034,000 243,367,000 377,282,000 319,782,000 261,138,000 239,107,000 118,272,000 6,503,000 33,537,000 18,834,000 18,139,000 19,409,000 20,520,000 20,535,000 18,983,000 17,316,000 15,628,000 14,761,000 12,041,000 13,391,000 17,988,000 15,871,000 13,633,000 11,704,000 11,103,000 9,072,000 5,826,000 7,989,000 12,373,000 14,472,000 14,598,000 19,936,000 30,909,000 21,676,000 13,566,000 21,555,000 21,038,000 19,113,000 19,510,000 26,616,000 26,585,000 21,740,000 29,024,000 31,516,000 26,640,000 21,494,000 19,231,000 13,670,000 18,113,000 15,153,000 12,778,000 12,642,000 14,857,000 15,975,000 14,442,000 26,743,000 24,535,000 24,829,000 27,957,000 29,652,000 29,038,000 31,515,000 39,023,000 29,510,000 28,580,000 25,954,000 26,742,000  24,187,000 22,874,000 20,417,000  16,730,000 1,726,000 1,873,000 1,807,000 421,000 740,000 269,000 495,000   
      total assets
    		73,619,038,000 64,773,415,000 43,919,760,000 25,843,685,000 8,343,581,000 7,053,073,000 6,351,539,000 4,762,528,000 3,373,941,000 3,363,104,000 3,026,402,000 2,410,272,000 2,545,286,000 2,568,365,000 3,638,387,000 3,557,124,000 2,986,244,000 2,624,359,000 2,443,079,000 1,465,612,000 772,905,000 833,046,000 849,271,000 916,571,000 888,716,000 899,720,000 888,344,000 855,768,000 913,504,000 927,327,000 949,909,000 835,728,000 813,652,000 797,098,000 786,536,000 768,319,000 735,509,000 709,629,000 693,178,000 656,894,000 627,954,000 611,138,000 581,865,000 558,797,000 559,733,000 568,358,000 568,564,000 585,514,000 552,677,000 536,117,000 546,129,000 477,938,000 455,940,000 434,317,000 448,453,000 453,851,000 415,194,000 403,092,000 393,540,000 381,566,000 355,966,000 365,280,000 375,497,000 383,330,000 346,565,000 314,266,000 303,915,000 292,139,000 298,887,000 266,864,000 252,672,000 241,387,000 230,037,000 226,083,000 214,912,000 248,816,000 210,121,000 208,446,000 242,098,000 277,773,000 253,792,000 239,057,000 351,025,000 336,956,000 291,942,000 149,129,000 130,842,000 114,793,000 96,467,000 91,942,000 80,452,000 79,873,000 81,862,000  
      liabilities, mezzanine equity and stockholders' equity
    		                                                                                              
      current liabilities:
    		                                                                                              
      accounts payable, accrued expenses, and operating lease liabilities
    		48,723,000 44,220,000 53,716,000 52,982,000 45,714,000 44,188,000 41,866,000 43,090,000 34,306,000 33,660,000 50,604,000 42,976,000 36,846,000 35,960,000 44,388,000 46,084,000 45,454,000 41,236,000 39,816,000 45,119,000 38,668,000 31,468,000 32,539,000 33,919,000 28,626,000 32,300,000 37,227,000                                                                    
      accrued compensation and employee benefits
    		44,514,000 50,132,000 32,785,000 58,362,000 51,686,000 46,853,000 40,617,000 50,045,000 43,405,000 41,492,000 39,199,000 53,716,000 46,346,000 47,773,000 43,726,000 54,548,000 47,759,000 50,944,000 44,824,000 49,249,000 44,177,000 40,806,000 35,207,000 48,792,000 41,829,000 41,561,000 36,713,000 48,045,000 37,819,000 38,617,000 34,343,000 41,498,000 36,039,000 34,811,000 33,111,000 43,323,000 41,417,000 40,410,000 36,573,000 40,067,000 38,570,000 43,142,000 36,122,000 50,588,000 58,965,000 57,604,000 52,115,000 79,495,000 64,450,000 58,310,000 51,546,000 74,153,000 62,368,000 56,293,000 51,371,000 68,308,000 54,875,000 51,941,000 43,547,000 60,201,000 47,507,000 39,225,000 30,306,000 46,277,000 39,607,000 33,284,000 27,761,000 42,634,000 35,969,000 33,034,000 24,778,000 39,214,000 30,502,000 24,812,000 20,665,000 31,872,000 25,474,000 21,925,000 18,103,000  20,406,000 19,389,000 17,634,000  19,280,000 15,831,000 12,477,000 17,968,000 13,948,000 12,536,000 8,413,000 11,352,000 7,236,000  
      accrued interest
    		29,896,000 5,620,000 5,970,000 5,549,000 5,800,000 5,066,000 10,878,000 1,493,000 10,368,000 1,493,000 10,368,000 2,829,000 11,394,000 2,269,000 10,544,000 1,493,000                                                                          231,000 1,304,000    
      current portion of long-term debt
    		316,000 349,000 525,000 517,000 509,000 145,119,000 492,000 483,000 475,000 468,000 460,000 454,000                                                                                   
      deferred revenue and advance payments
    		200,641,000 214,251,000 215,693,000 237,974,000 184,402,000 204,837,000 215,955,000 228,162,000 179,167,000 195,817,000 211,768,000 217,428,000 165,934,000 188,098,000 206,217,000 209,860,000 160,697,000 182,818,000 198,980,000 191,250,000 160,845,000 167,643,000 184,891,000 187,107,000 160,244,000 176,786,000 190,070,000 176,540,000 151,043,000 175,358,000 201,718,000 112,649,000 115,420,000 123,082,000 132,047,000 105,535,000 115,626,000 121,162,000 131,437,000 100,695,000 115,504,000 119,773,000 131,468,000 108,413,000 120,707,000 132,323,000 138,205,000 113,656,000 117,785,000 108,155,000 118,918,000 101,888,000 102,383,000 105,523,000 120,325,000 103,199,000 97,452,000 102,323,000 110,971,000 89,331,000 85,802,000 86,149,000 96,680,000 77,783,000 73,045,000 75,258,000 78,690,000 66,495,000 69,757,000 75,825,000 78,477,000 64,302,000 65,045,000 66,113,000 73,189,000 56,578,000 57,139,000 58,794,000 59,550,000  44,772,000 47,113,000 52,005,000  39,765,000 40,626,000 37,017,000 28,374,000 29,696,000 28,215,000 26,433,000 23,961,000 22,804,000 2,660,000 
      total current liabilities
    		324,090,000 314,572,000 308,689,000 355,384,000 288,111,000 446,063,000 309,808,000 323,273,000 267,721,000 272,930,000 312,399,000 317,403,000 260,520,000 274,100,000 304,875,000 311,985,000 253,910,000 274,998,000 283,620,000 285,618,000 243,690,000 239,917,000 252,637,000 269,818,000 230,699,000 250,647,000 264,010,000 258,269,000 211,864,000 236,645,000 261,749,000 184,858,000 176,827,000 181,594,000 185,952,000 185,486,000 183,109,000 189,121,000 195,879,000 172,658,000 181,176,000 188,217,000 197,338,000 197,300,000 222,524,000 230,857,000 228,722,000 233,519,000 219,435,000 209,227,000 216,624,000 219,056,000 205,135,000 193,816,000 218,411,000 218,393,000 193,452,000 192,226,000 190,454,000 186,570,000 166,870,000 152,945,000 150,589,000 152,635,000 139,399,000 130,774,000 130,638,000 143,151,000 163,194,000 141,042,000 133,114,000 126,985,000 116,494,000 114,002,000 115,601,000 112,828,000 102,466,000 98,661,000 95,730,000  81,924,000 83,497,000 85,344,000  74,155,000 72,049,000 66,160,000 61,709,000 61,085,000 66,408,000 60,237,000 61,895,000 68,058,000  
      long-term debt
    		8,173,587,000 8,162,281,000 8,140,156,000 7,191,158,000 4,211,949,000 3,703,381,000 3,558,801,000 2,182,108,000 2,180,038,000 2,177,974,000 2,175,918,000 2,378,560,000 2,376,935,000 2,374,863,000 2,361,865,000 2,155,151,000 2,153,034,000 2,150,927,000                                                                             
      operating lease liabilities
    		48,162,000 51,218,000 53,691,000 56,403,000 57,495,000 56,544,000 58,430,000 61,086,000 59,720,000 63,814,000 65,355,000 67,344,000 69,278,000 72,162,000 73,956,000 76,608,000 78,939,000 80,900,000 81,849,000 84,328,000 95,591,000 98,283,000 100,251,000 103,424,000 105,291,000 108,183,000 106,661,000                                                                    
      other long-term liabilities
    		4,790,000 4,672,000 4,439,000 5,379,000 5,676,000 5,965,000 17,552,000 22,208,000 18,231,000 17,826,000 17,675,000 17,124,000 30,088,000 25,706,000 26,347,000 26,224,000 28,934,000 31,040,000 34,329,000 33,382,000 32,651,000 30,452,000 31,273,000 30,400,000 32,786,000 33,990,000 34,793,000 61,262,000 61,290,000 64,503,000 68,906,000 50,146,000 14,560,000 14,810,000 15,614,000 16,447,000 17,221,000 19,476,000 19,252,000 19,943,000 20,166,000 20,855,000 21,614,000 22,679,000 23,208,000 26,299,000 23,469,000 25,511,000 26,602,000 42,022,000 41,631,000 43,517,000 44,400,000 44,329,000 43,035,000 45,141,000 42,992,000 43,816,000 40,594,000 37,946,000 23,427,000 19,344,000 15,496,000 12,622,000 10,869,000 9,744,000 9,246,000 9,268,000 9,647,000 10,279,000 9,971,000 9,137,000 1,809,000 2,853,000 1,581,000 1,710,000 2,015,000 2,330,000 2,554,000  2,069,000 2,974,000 3,207,000  3,153,000 4,126,000 2,426,000 2,443,000 2,062,000 2,084,000 2,153,000 2,402,000 2,502,000 2,690,000 
      deferred tax liabilities
    		6,947,911,000 5,865,510,000 1,883,071,000 407,000 357,000 357,000 357,000 357,000 198,000 198,000 198,000 198,000 0 105,000 109,000 109,000 1,811,000 1,813,000 1,812,000 8,211,000 24,000 24,000 24,000 26,000 34,000 36,000 35,000 37,000 4,000 4,000 4,000 4,000 159,000 310,000 300,000 294,000 127,000 15,000 16,000 17,000 395,000 484,000 457,000 557,000 189,000 594,000 515,000 422,000 336,000 376,000 578,000 523,000 340,000 184,000 399,000 485,000 371,000 236,000 190,000 355,000 254,000 201,000 189,000 115,000 556,000 524,000                        10,000     
      total liabilities
    		15,501,990,000 14,402,450,000 10,394,027,000 7,613,701,000 4,569,932,000 4,218,274,000 3,951,434,000 2,597,556,000 2,533,546,000 2,543,986,000 2,583,191,000 2,793,392,000 2,745,575,000 2,755,433,000 2,775,388,000 2,578,166,000 2,524,930,000 2,546,940,000 2,078,041,000 912,567,000 383,613,000 374,586,000 387,845,000 408,012,000 373,297,000 397,031,000 410,038,000 326,037,000 278,081,000 306,968,000 336,327,000 245,189,000 201,313,000 207,411,000 214,500,000 216,142,000 215,608,000 219,984,000 225,330,000 201,613,000 219,442,000 230,447,000 233,546,000 234,326,000 260,673,000 270,233,000 262,909,000 275,188,000 260,595,000 262,661,000 271,296,000 277,627,000 265,523,000 255,078,000 277,916,000 284,873,000 251,216,000 246,596,000 239,871,000 232,394,000 198,726,000 175,997,000 169,635,000 169,102,000 154,116,000 143,531,000 143,351,000 154,098,000 174,410,000 152,448,000 145,125,000 138,058,000 120,692,000 118,749,000 119,481,000 115,665,000 105,838,000 102,442,000 100,041,000  86,627,000 89,704,000 91,418,000  81,518,000 81,128,000 74,959,000 70,446,000 70,282,000 113,218,000 112,332,000 114,382,000 125,638,000  
      commitments and contingencies
    		                                                                                              
      mezzanine equity
    		                                                                                              
      10.00% series a perpetual strife preferred stock, 0.001 par value; 33,200 shares authorized, 11,948 shares issued and outstanding at september 30, 2025; redemption value and liquidation preference of 1,332,115 at september 30, 2025
    		1,091,342,000                                                                                              
      variable rate series a perpetual stretch preferred stock, 0.001 par value; 70,435 shares authorized, 28,011 shares issued and outstanding at september 30, 2025; redemption value and liquidation preference of 2,801,111 at september 30, 2025
    		2,473,800,000                                                                                              
      8.00% series a perpetual strike preferred stock, 0.001 par value; 269,800 shares authorized, 13,606 shares issued and outstanding at september 30, 2025; redemption value and liquidation preference of 1,360,587 at september 30, 2025
    		1,193,240,000                                                                                              
      10.00% series a perpetual stride preferred stock, 0.001 par value; 61,176 shares authorized, 12,322 shares issued and outstanding at september 30, 2025; redemption value and liquidation preference of 1,232,214 at september 30, 2025
    		1,027,948,000                                                                                              
      total mezzanine equity
    		5,786,330,000 2,893,921,000 1,304,497,000                                                                                            
      stockholders’ equity
    		                                                                                              
      preferred stock undesignated, 0.001 par value; 570,389 and 5,000 shares authorized, no shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively
    		0                                                                                              
      class a common stock
    		267,000 261,000 247,000 226,000 192,000 26,000 24,000 24,000 21,000 21,000 20,000 18,000 18,000 18,000 18,000 18,000 17,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 14,000  14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000  14,000 14,000 13,000 13,000 13,000  13,000 13,000 13,000  13,000 13,000 12,000 12,000 12,000 10,000 9,000    
      class b common stock
    		20,000 20,000 20,000                                                      2,000 2,000 3,000  3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000   3,000 3,000 3,000 3,000 3,000  3,000 3,000 3,000  4,000 4,000 4,000 4,000 4,000 4,000 5,000    
      additional paid-in capital
    		33,390,487,000 31,158,044,000 25,881,089,000 20,411,998,000 6,060,206,000 4,785,336,000 4,247,704,000 3,957,728,000 2,726,191,000 2,559,268,000 2,205,518,000 1,841,120,000 1,778,660,000 1,760,288,000 1,743,944,000 1,727,143,000 1,118,761,000 697,274,000 685,943,000 763,051,000 604,974,000 600,851,000 597,087,000 593,583,000 590,158,000 584,764,000 581,429,000 576,957,000 573,474,000 570,502,000 564,661,000 559,918,000 556,209,000 552,541,000 548,184,000 543,974,000 540,038,000 536,689,000 532,284,000 534,651,000 525,632,000 521,086,000 512,259,000 506,727,000 502,647,000 498,768,000 495,685,000 494,086,000 492,453,000 492,009,000 492,005,000 468,087,000 466,793,000 460,784,000 458,817,000 457,837,000 461,469,000 458,782,000 458,715,000 455,374,000 453,548,000 453,299,000 453,248,000 453,170,000 451,705,000 451,162,000 450,919,000 450,953,000 450,622,000 450,464,000 448,460,000 448,229,000 445,678,000 445,257,000 444,626,000 440,768,000 434,681,000 434,215,000 433,085,000  426,469,000 422,263,000 421,718,000  412,387,000 390,037,000 389,529,000 387,625,000 386,720,000 315,000,000 306,722,000    
      accumulated other comprehensive loss
    		-5,113,000 -5,020,000 -11,967,000 -15,384,000 -9,580,000 -13,550,000 -13,169,000 -11,444,000 -15,355,000 -13,150,000 -13,063,000 -13,801,000 -18,179,000 -13,665,000 -9,552,000 -7,543,000 -6,781,000 -5,324,000 -5,721,000 -3,885,000 -6,900,000 -9,187,000 -10,198,000 -9,651,000 -11,674,000 -9,310,000 -9,964,000 -10,217,000 -8,718,000 -8,111,000 -4,219,000 -5,968,000 -6,683,000 -7,743,000 -9,961,000 -10,743,000 -7,959,000 -8,238,000 -6,746,000 -7,408,000 -6,047,000 -5,429,000 -6,507,000 -4,363,000 -2,994,000 -895,000 -619,000 -831,000 -1,294,000 -2,330,000 -2,502,000 -1,515,000 -1,875,000 -2,281,000 -1,745,000 -2,052,000 -1,684,000 -1,558,000 -1,433,000                                    
      retained earnings
    		18,945,057,000 16,323,739,000 6,351,847,000             41,442,000 131,419,000 167,555,000 466,902,000 575,965,000 573,304,000 587,533,000 584,146,000 583,489,000 571,322,000 561,622,000 541,228,000 549,134,000 545,833,000 533,134,000 528,306,000 511,755,000 537,979,000 520,055,000 508,979,000 494,112,000 462,988,000 436,360,000 417,476,000 403,204,000 364,093,000 340,200,000 317,733,000 297,273,000 274,574,000 275,419,000 285,756,000 292,238,000 276,090,000 258,944,000 260,497,000 208,906,000 200,666,000 195,903,000 188,632,000 188,360,000 179,360,000 174,439,000 171,554,000 170,420,000 152,498,000 145,147,000 133,529,000 126,628,000 106,087,000 84,733,000 74,766,000 51,791,000 37,506,000 26,382,000 18,256,000 9,958,000                       
      total stockholders’ equity
    		52,330,718,000 47,477,044,000 32,221,236,000 18,229,984,000 3,773,649,000 2,834,799,000 2,400,105,000 2,164,972,000 840,395,000 819,118,000 443,211,000    862,999,000 978,958,000 461,314,000 77,419,000 365,038,000 553,045,000 389,292,000 458,460,000 461,426,000 508,559,000 515,419,000 502,689,000  529,731,000    590,539,000    552,177,000  489,645,000 467,848,000 455,281,000 408,512,000 380,691,000 348,319,000 324,471,000 299,060,000 298,125,000 305,655,000 310,326,000 292,082,000 273,456,000 274,833,000 200,311,000 190,417,000 179,239,000 170,537,000 168,978,000 163,978,000 156,496,000 153,669,000 149,172,000 157,240,000 189,283,000 205,862,000 214,228,000 192,449,000 170,735,000 160,564,000 138,041,000 124,477,000 114,416,000 107,547,000 103,329,000 109,345,000  95,431,000 133,151,000 104,283,000 106,004,000 142,057,000 180,722,000 167,165,000 149,353,000 259,607,000 240,578,000 210,424,000 68,001,000 55,883,000 44,347,000 26,185,000 -21,276,000 -31,880,000  -43,776,000  
      total liabilities, mezzanine equity and stockholders' equity
    		73,619,038,000 64,773,415,000 43,919,760,000                                                                                            
      8.00% series a perpetual strike preferred stock, 0.001 par value; 269,800 shares authorized, 12,201 shares issued and outstanding at june 30, 2025; redemption value and liquidation preference of 1,220,137 at june 30, 2025
    		 1,040,394,000                                                                                             
      10.00% series a perpetual strife preferred stock, 0.001 par value; 33,200 shares authorized, 10,067 shares issued and outstanding at june 30, 2025; redemption value and liquidation preference of 1,060,029 at june 30, 2025
    		 874,041,000                                                                                             
      10.00% series a perpetual stride preferred stock, 0.001 par value; 11,765 shares authorized, 11,765 shares issued and outstanding at june 30, 2025; redemption value and liquidation preference of 1,176,470 at june 30, 2025
    		 979,486,000                                                                                             
      preferred stock undesignated, 0.001 par value; 690,235 and 5,000 shares authorized, no shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively
    		 0                                                                                             
      8.00% series a perpetual strike preferred stock, 0.001 par value; 269,800 shares authorized, 7,650 shares issued and outstanding at march, 31, 2025; redemption value and liquidation preference of 764,991 at march 31, 2025
    		  593,624,000                                                                                            
      10.00% series a perpetual strife preferred stock, 0.001 par value; 8,500 shares authorized, issued and outstanding at march 31, 2025; redemption value of 851,417 and liquidation preference of 850,000 at march 31, 2025
    		  710,873,000                                                                                            
      preferred stock undesignated, 0.001 par value; 726,700 and 5,000 shares authorized, no shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively
    		  0                                                                                            
      liabilities and stockholders’ equity
    		                                                                                              
      preferred stock undesignated, 0.001 par value; 5,000 shares authorized; no shares issued or outstanding
    		   0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0                                     
      class b convertible common stock
    		   20,000 20,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000                                       
      treasury stock
    		   0 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -782,104,000 -720,755,000 -709,627,000 -658,880,000 -634,405,000 -634,405,000 -634,405,000 -586,161,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -475,184,000 -447,809,000 -407,865,000 -380,744,000 -366,191,000 -366,191,000 -366,191,000 -366,191,000 -366,191,000 -366,191,000 -366,191,000 -363,170,000 -357,804,000 -331,410,000 -313,516,000 -313,516,000 -268,776,000 -268,776,000 -249,625,000 -195,613,000  -129,893,000 -129,893,000 -2,331,000  -2,331,000          
      accumulated deficit
    		   -2,166,876,000 -1,495,085,000 -1,154,911,000 -1,052,352,000 -999,234,000 -1,088,360,000 -944,919,000 -967,162,000                                                              -7,717,000 -27,052,000 -38,665,000 -41,981,000 -63,712,000 -81,305,000 -97,864,000  -131,707,000 -144,959,000 -162,547,000  -202,118,000 -324,107,000 -335,534,000 -345,913,000 -363,407,000 -339,049,000 -341,345,000    
      total liabilities and stockholders’ equity
    		   25,843,685,000 8,343,581,000 7,053,073,000 6,351,539,000 4,762,528,000 3,373,941,000 3,363,104,000 3,026,402,000    3,638,387,000 3,557,124,000 2,986,244,000 2,624,359,000 2,443,079,000 1,465,612,000 772,905,000 833,046,000 849,271,000 916,571,000 888,716,000 899,720,000  855,768,000    835,728,000    768,319,000  709,629,000 693,178,000 656,894,000 627,954,000 611,138,000 581,865,000 558,797,000 559,733,000 568,358,000 568,564,000 585,514,000 552,677,000 536,117,000 546,129,000 477,938,000 455,940,000 434,317,000 448,453,000 453,851,000 415,194,000 403,092,000 393,540,000 381,566,000 355,966,000 365,280,000 375,497,000 383,330,000 346,565,000 314,266,000 303,915,000 292,139,000 298,887,000 266,864,000 252,672,000 241,387,000 230,037,000  214,912,000 248,816,000 210,121,000 208,446,000 242,098,000  253,792,000 239,057,000 351,025,000  291,942,000 149,129,000 130,842,000 114,793,000 96,467,000 91,942,000 80,452,000    
      liabilities and stockholders’ (deficit) equity
    		                                                                                              
      stockholders’ (deficit) equity
    		                                                                                              
      (accumulated deficit) retained earnings
    		           -1,428,355,000 -1,178,686,000 -1,151,607,000 -89,309,000                                                                                
      total stockholders’ (deficit) equity
    		           -383,120,000 -200,289,000 -187,068,000                                                                                 
      total liabilities and stockholders’ (deficit) equity
    		           2,410,272,000 2,545,286,000 2,568,365,000                                                                                 
      convertible senior notes
    		                  1,661,914,000 486,366,000                                                                           
      short-term investments
    		                   0 0 109,972,000 109,946,000 108,919,000 203,218,000 313,349,000 292,314,000 466,186,000 587,093,000 609,167,000 543,312,000 254,927,000 259,249,000 252,701,000 259,816,000 187,408,000 213,347,000 202,697,000 227,410,000 193,320,000 226,689,000 226,749,000 226,729,000 198,547,000 218,596,000 255,680,000 151,080,000 137,198,000 180,171,000 129,087,000                        11,000 15,000 16,000 15,000 22,000 28,037,000 53,761,000 35,868,000 14,000 68,385,000 37,816,000       41,000 44,000 53,000  
      liabilities and stockholders' equity
    		                                                                                              
      stockholders' equity
    		                                                                                              
      total stockholders' equity
    		                          478,306,000  635,423,000 620,359,000 613,582,000  612,339,000 589,687,000 572,036,000  519,901,000                                     107,334,000                     
      total liabilities and stockholders' equity
    		                          888,344,000  913,504,000 927,327,000 949,909,000  813,652,000 797,098,000 786,536,000  735,509,000                                     226,083,000                     
      capitalized software development costs
    		                           0 0 0 1,000,000 2,499,000 3,999,000 5,498,000 6,998,000 8,497,000 9,997,000 11,949,000 13,902,000 15,855,000 17,807,000 20,303,000 17,691,000 13,469,000 8,458,000 7,376,000 8,671,000 10,295,000 11,896,000 9,389,000 9,007,000 10,360,000 11,713,000 9,425,000 5,050,000 7,031,000 9,188,000 10,831,000 11,170,000 9,059,000 10,723,000 12,407,000 11,724,000 13,431,000 15,161,000 16,890,000 18,619,000 14,823,000 9,573,000 4,604,000 1,989,000 2,340,000 2,903,000   1,903,000 2,077,000    4,229,000 4,804,000 5,518,000  3,302,000 3,979,000 3,551,000 3,693,000 3,233,000 3,490,000 3,952,000 4,414,000   
      accounts payable and accrued expenses
    		                           33,684,000 23,002,000 22,670,000 25,688,000 30,711,000 25,368,000 23,701,000 20,794,000 36,628,000 26,064,000 27,524,000 27,836,000 31,840,000 26,609,000 24,582,000 28,412,000 35,458,000 34,601,000 40,336,000 37,887,000 39,946,000 36,864,000 42,386,000 45,582,000 42,492,000 40,044,000 31,816,000 46,316,000 46,401,000 40,754,000 37,726,000 35,746,000 36,683,000 33,307,000 27,370,000 23,414,000 28,460,000 26,191,000 21,708,000 24,187,000 27,697,000 50,130,000 23,612,000 23,610,000 23,469,000 20,947,000 23,077,000 21,747,000 24,378,000 19,853,000 17,942,000 18,077,000  15,498,000 15,239,000 13,955,000  13,149,000 13,562,000 14,235,000 12,768,000 14,069,000 15,235,000 14,150,000 15,267,000 16,942,000  
      accrued restructuring costs
    		                                   0 2,000 25,000 33,000 56,000 98,000 236,000 879,000 2,284,000 8,062,000                                    1,248,000 1,756,000 1,750,000  1,961,000 2,030,000 2,431,000 2,599,000 2,627,000 4,215,000 4,033,000 5,222,000 6,387,000 4,361,000 
      assets held-for-sale
    		                                               0 0 0 0                 4,964,000 7,663,000 8,846,000 7,418,000                        
      liabilities held-for-sale
    		                                               0 0 0 0                 6,325,000 7,338,000 8,571,000 6,249,000                        
      restricted cash and short-term investments
    		                                                  200,000 86,000 228,000 247,000 337,000 289,000 413,000 470,000 313,000 284,000                                   
      14,351 shares issued and 7,947 shares outstanding, and 14,302 shares issued and 9,255 shares outstanding, respectively
    		                                                           14,000                                   
      2,694 shares issued and outstanding
    		                                                           3,000                                   
      accumulated other comprehensive income
    		                                                           -1,455,000 -1,014,000 -1,315,000 -188,000 604,000 831,000 1,014,000 1,053,000 1,471,000 2,523,000 3,744,000 3,984,000 2,929,000 2,777,000 2,628,000 2,969,000 3,123,000 2,074,000 2,703,000 2,433,000  2,280,000 1,926,000 2,751,000  2,469,000 2,054,000 1,872,000 2,619,000 2,856,000 2,759,000 2,733,000    
      restricted cash and investments
    		                                                            1,061,000 1,054,000 1,026,000 549,000 321,000 1,523,000 542,000 619,000 514,000 2,293,000 2,222,000 2,982,000 2,875,000 3,787,000 3,827,000 3,799,000 3,833,000 5,225,000 5,140,000  4,933,000 5,998,000 6,225,000            
      stockholders’ equity:
    		                                                                                              
      2,775 issued and outstanding
    		                                                                        3,000                      
      capitalized software development cost
    		                                                                         3,214,000 3,866,000   2,608,000 3,139,000                
      stockholders' equity:
    		                                                                                              
      14,050 shares issued and 9,638 shares outstanding, and 13,972 shares issued and 9,918 shares outstanding, respectively
    		                                                                         14,000                     
      2,775 issued and outstanding for both periods
    		                                                                         3,000                     
      preferred stock undesignated; 0.001 par value; 5,000 shares authorized; no shares issued or outstanding
    		                                                                                              
      preferred stock undesignated, .001 par value; 5,000 shares authorized; no shares issued or outstanding
    		                                                                                              
      basic earnings per share :
    		                                                                                              
      continuing operations
    		                                                                               4,380               
      discontinued operations
    		                                                                                              
      net income attributable to common stockholders
    		                                                                               4,380               
      weighted-average shares outstanding used in computing basic earnings per share
    		                                                                               14,768,000               
      diluted earnings per share :
    		                                                                                              
      weighted-average shares outstanding used in computing diluted earnings per share
    		                                                                               15,436,000               
      balance sheet data
    		                                                                                              
      net working capital
    		                                                                               80,705,000    85,543,000           
      long-term investments
    		                                                                                  26,370,000 26,365,000 26,359,000 26,353,000         
      deferred tax assets, net, short-term
    		                                                                               22,971,000    20,583,000           
      deferred tax assets, net, long-term
    		                                                                               86,393,000    110,818,000           
      deferred revenue and advance payments, short-term
    		                                                                               45,874,000    43,674,000           
      deferred revenue and advance payments, long-term
    		                                                                               1,554,000               
      long-term liabilities, excluding deferred revenue and advance payments
    		                                                                               2,815,000    5,063,000           
      net liabilities of discontinued operations
    		                                                                                        745,000 1,011,000 1,080,000 1,151,000 1,900,000  
      series a redeemable convertible preferred stock
    		                                                                                              
      series b redeemable convertible preferred stock
    		                                                                                              
      series c redeemable convertible preferred stock
    		                                                                                              
      series d convertible preferred stock
    		                                                                                              
      net working capital (deficit) is equivalent to current assets less current liabilities, including net assets (liabilities) of discontinued operations, deferred revenue and advance payments and contingency from terminated contract.
    		                                                                                              
      current assets
    		                                                                                              
      current liabilities
    		                                                                                              
      preferred stock undesignated; 0.001 par value; 4,971 shares authorized; no shares issued or outstanding
    		                                                                                              
      preferred stock undesignated, par value 0.001 per share, 4,971 shares authorized, no shares issued or outstanding
    		                                                                                              
      net assets of discontinued operations
    		                                                                                              
      deferred revenue and advance payments,
    		                                                                                              
      long-term
    		                                                                                   1,681,000           
      redeemable convertible preferred stock
    		                                                                                              
      goodwill and intangible assets
    		                                                                                      586,000 604,000 622,000 639,000 659,000 789,000 2,735,000  
      notes payable
    		                                                                                         4,955,000 4,824,000 4,698,000 4,573,000  
      deferred compensation
    		                                                                                          -4,000    
      accrued interest and preferred dividends
    		                                                                                           244,000 8,216,000  
      contingency from terminated contract
    		                                                                                              
      working capital line of credit
    		                                                                                              
      accrued litigation settlement
    		                                                                                             54,450,000 
      series a redeemable convertible preferred stock, par value 0.001 per share, 18 shares authorized, 0 and 1 shares issued and outstanding, respectively
    		                                                                                              
      series b redeemable convertible preferred stock, par value 0.001 per share, 3 shares authorized, 0 and 3 shares issued and outstanding, respectively
    		                                                                                              
      series c redeemable convertible preferred stock, par value 0.001 per share, 3 shares authorized, 0 and 3 shares issued and outstanding, respectively
    		                                                                                              
      series d convertible preferred stock, par value 0.001 per share, 2 shares authorized, 0 and 1 shares issued and outstanding, respectively
    		                                                                                              
      total liabilities, convertible preferred stock and stockholders’ equity
    		                                                                                            81,862,000  
      long term debt
    		                                                                                             551,000 
      series b redeemable convertible preferred stock, par value 0.001 per share, 3 shares authorized, 3 and 3 shares issued and outstanding, respectively
    		                                                                                             32,502,000 
      series c redeemable convertible preferred stock, par value 0.001 per share, 3 shares authorized, 3 and 3 shares issued and outstanding, respectively
    		                                                                                             26,322,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.