Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 522

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 2
Chunk 522
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” and “Deferred revenue and advance payments” balances in the Consolidated Balance Sheets include unpaid amounts related to contracts under which the Company has an enforceable right to invoice the customer for non-cancellable and/or non-refundable software and services. Changes in accounts receivable and changes in deferred revenue and advance payments are presented net of these unpaid amounts in “Operating activities” in the Consolidated Statements of Cash Flows.Deferred revenue and advance payments (in thousands) from customers consisted of the following, as of: 

        December 31,

        2024

        2023

        Current:

        Deferred product licenses revenue
         
        $
        1,777

        $
        3,579

        Deferred subscription services revenue

        107,119

        65,512

        Deferred product support revenue

        124,684

        152,012

        Deferred other services revenue

        4,394

        7,059

        Total current deferred revenue and advance payments
         
        $
        237,974

        $
        228,162

        Non-current:

        Deferred product licenses revenue
         
        $
        174

        $
        0

        Deferred subscription services revenue

        2,263

        3,097

        Deferred product support revenue

        2,111

        4,984

        Deferred other services revenue

        422

        443

        Total non-current deferred revenue and advance payments
         
        $
        4,970

        $
        8,524

       During the years ended December 31, 2024, 2023, and 2022, the Company recognized revenues of $225.4 million, $215.9 million, and $203.1 million, respectively, from amounts included in the total deferred revenue and advance payments balances at the beginning of the respective year.  For the years ended December 31, 2024, 2023, and 2022, there were no significant changes in the timing of revenue recognition on the Company’s deferred balances.The Company’s remaining performance obligation represents all future revenue under contract and includes deferred revenue and advance payments and billable non-cancelable amounts that will be invoiced and recognized as revenue in future periods. The remaining performance obligation excludes contracts that are billed in arrears, such as certain time and materials contracts. The portions of multi-year contracts that will be invoiced in the