Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 136

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 136
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 |        4,984 |     |    6,387 |
| Deferred other services revenue                         |     |          443 |     |      604 |
| Total non-current deferred revenue and advance payments |     |       $8,524 |     |  $12,763 |

During the years ended December 31, 2023, 2022, and 2021, the Company recognized revenues of $215.9 million, $203.1 million, and $188.7 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, 2023, 2022, and 2021, 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 future are not presented on the balance sheet within accounts receivable and deferred revenues and are instead included in the following remaining performance obligation disclosure. As of December 31, 2023, the Company had an aggregate transaction price of $339.7 million allocated to the remaining performance obligation related to product support, subscription services, product licenses, and other services contracts. The Company expects to recognize $255.5 million within the next 12 months and the remainder thereafter. (6) Property and Equipment Property and equipment (in thousands) consisted of the following, as of:

|                                                 |     | December 31, |     |          |
|                                                 |     |         2023 |     |     2022 |
| Corporate aircraft and related equipment        |     |      $48,645 |     |  $48,645 |
| Computer equipment and purchased software       |     |       60,979 |     |   60,375 |
| Furniture and equipment                         |     |        9,920 |     |    9,936 |
| Leasehold improvements                          |     |       29,944 |     |   28,755 |
| Internally developed software                   |     |        9,917 |     |    9,917 |
| Property and equipment, gross                   |     |