Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 342

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1B
Chunk 342
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 our revenues, cost of revenues, and operating expenses on a non-GAAP constant currency basis, which excludes certain changes resulting from fluctuations in foreign currency exchange rates. These non-GAAP constant currency metrics allow our management and investors to compare operating results to prior years without the effects of certain changes in foreign currency exchange rates, which are not reflective of our general business performance and may vary significantly between periods. The following are reconciliations of our non-GAAP constant currency revenues, cost of revenues, and operating expenses to their most directly comparable GAAP measures (in thousands) for the periods indicated:

    Years Ended

    December 31,

    GAAP

    Foreign CurrencyExchange RateImpact (1)

    Non-GAAPConstantCurrency (2)

    GAAP

    GAAP %Change

    Non-GAAPConstantCurrency %Change (3)

    2024

    2024

    2024

    2023

    2024

    2024

    Product licenses revenues
     
    $
    48,567

    $
    (504
    )
     
    $
    49,071

    $
    75,351

    -35.5
    %

    -34.9
    %

    Subscription services revenues

    106,776

    65

    106,711

    81,179

    31.5
    %

    31.5
    %

    Product support revenues

    243,805

    (214
    )

    244,019

    263,888

    -7.6
    %

    -7.5
    %

    Other services revenues

    64,308

    (43
    )

    64,351

    75,843

    -15.2
    %

    -15.2
    %

    Cost of product support revenues

    33,289

    34

    33,255

    22,434

    48.4
    %

    48.2
    %

    Cost of other services revenues

    50,679

    284

    50,395

    53,805

    -5.8
    %

    -6.3
    %

    Sales and marketing expenses

    138,081

    (273
    )

    138,354

    149,671

    -