Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 225

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 225
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| Deferred other services revenue                                     |     |           336 |     |          443 |     |           480 |
| Total non-current deferred revenue and advance payments             |     |        $6,344 |     |       $8,524 |     |        $7,638 |
| Total current and non-current:                                      |     |               |     |              |     |               |
| Deferred product licenses revenue                                   |     |          $409 |     |       $3,579 |     |        $2,823 |
| Deferred subscription services revenue                              |     |        77,537 |     |       68,609 |     |        48,582 |
| Deferred product support revenue                                    |     |       109,501 |     |      156,996 |     |       130,391 |
| Deferred other services revenue                                     |     |         3,299 |     |        7,502 |     |         5,009 |
| Total current and non-current deferred revenue and advance payments |     |      $190,746 |     |     $236,686 |     |      $186,805 |

The portions of multi-year contracts that will be invoiced in the future are not presented on the balance sheet in “Accounts receivable, net” and “Deferred revenue and advance payments” and instead are included in the remaining performance obligation disclosure below. Total deferred revenue and advance payments decreased $45.9 million as of September 30, 2024, as compared to December 31, 2023, primarily due to (i) a decrease in deferred product support revenue due to the timing of product support renewals and an increase in conversions from on-premises to

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subscription services contracts and (ii) decreases in deferred other services revenue and deferred product licenses revenues, partially offset by (iii) an increase in deferred revenue from subscription services contracts. Total deferred revenue and advance payments increased $3.9 million as of September 30, 2024, as compared to September 30, 2023, primarily due to (i) an increase in deferred revenue from subscription services contracts, partially offset by (ii) a decrease in deferred product support revenue from an increase in conversions from on-premises to subscription services contracts. Our remaining performance obligation represents all future revenue under contract and includes deferred revenue and advance payments and billable non-cancellable amounts that will be invoiced and recognized as revenue in future periods