Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 312

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1B
Chunk 312
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 the public sector.  

Integral to the Strategy One platform are Generative AI capabilities that are designed to automate and accelerate the deployment of AI-enabled applications across the enterprise. By making advanced analytics accessible through conversational AI,  Strategy One provides non-technical users with timely, actionable insights for decision-making. 

The analytics market is highly competitive and subject to rapidly changing technology and market conditions.  Our ability to compete successfully depends on a number of factors within and outside of our control.  Some of these factors include software quality, performance and reliability; the quality of our service and support teams; marketing and prospecting effectiveness, the ability to incorporate artificial intelligence and other technically advanced features; and our ability to 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