Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 577

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 577
---
 differentiate our products.  

As we transition our business strategy and product offerings to a cloud-native model, we are continuously enhancing our go-to-market and sales strategies with the goal of focusing on acquiring new customers, driving revenue growth, increasing margins, and streamlining 

49

our operations. As part of this strategic transformation, we have taken and will continue to take certain measures to optimize operational and organizational efficiency across all of our corporate functions.

Operating Highlights

The following table sets forth certain operating highlights (in thousands) for the years ended December 31, 2024 and 2023:

    Years Ended December 31,

    2024

    2023

    Revenues

    Product licenses
     
    $
    48,567

    $
    75,351

    Subscription services

    106,776

    81,179

    Total product licenses and subscription services

    155,343

    156,530

    Product support

    243,805

    263,888

    Other services

    64,308

    75,843

    Total revenues

    463,456

    496,261

    Cost of revenues

    Product licenses

    3,060

    1,929

    Subscription services

    42,440

    31,776

    Total product licenses and subscription services

    45,500

    33,705

    Product support

    33,289

    22,434

    Other services

    50,679

    53,805

    Total cost of revenues

    129,468

    109,944

    Gross profit

    333,988

    386,317

    Operating expenses

    Sales and marketing

    138,081

    149,671

    Research and development

    118,486

    120,530

    General and administrative

    140,537

    115,312

    Digital asset impairment losses

    1,789,862

    115,851

    Total operating expenses

    2,186,966

    501,364

    Loss from operations
     
    $
    (1,852,978
    )
     
    $
    (115,047
    )

We have incurred significant impairment losses on our digital assets, and we have recognized gains upon sale of