Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 164

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 16
Chunk 164
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ferred 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 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, 2024, the Company had an aggregate transaction price of $454.9 million allocated to the remaining performance obligation related to subscription services, product support, product licenses, and other services contracts.  The Company expects to recognize $278.4 million within