STRZ (STRZ) financial statements
STRZ reported revenue of $1.4B in fiscal 2025, down 5.8% a year over 9 years.
Net income was -$211M and the operating margin -12.4%, against -1.1% in 2016.
Free cash flow was -$64M.
The diluted share count fell 89% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from STRZ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B | $3.2B | $4.1B | $3.7B | $3.9B | $3.3B | $3.6B | $1.4B | $1.4B | $1.4B |
| Selling, general and admin | $262M | $355M | $454M | $445M | $430M | $487M | $475M | $548M | $553M | $484M |
| Operating income | -$25M | -$16M | $249M | $130M | $3M | $171M | $9M | -$1.3B | -$904M | -$170M |
| Interest expense | $55M | $115M | $194M | $199M | $191M | $182M | $176M | $221M | $270M | $46M |
| Pre-tax income | -$34M | -$134M | $149M | -$308M | -$203M | -$17M | -$177M | -$1.4B | -$934M | -$224M |
| Income tax | -$76M | -$149M | -$319M | -$8M | $3M | $17M | $28M | -$18M | -$129M | -$9M |
| Net income | $50M | $15M | $474M | -$284M | -$188M | -$19M | -$188M | -$1.9B | -$915M | -$211M |
| EPS (diluted) | $0.33 | $0.09 | $2.15 | -$1.33 | -$0.86 | -$0.09 | -$0.84 | -$8.82 | -$54.73 | -$12.63 |
| Diluted shares | 154M | 172M | 220M | 214M | 218M | 220M | 224M | 228M | 17M | 17M |
| Operating margin | -1.1% | -0.5% | 6.0% | 3.5% | 0.1% | 5.2% | 0.2% | -94.8% | -64.9% | -12.4% |
| Net margin | 2.1% | 0.5% | 11.5% | -7.7% | -4.8% | -0.6% | -5.2% | -131.5% | -65.7% | -15.4% |
Balance sheet
Fiscal years, from STRZ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $58M | $322M | $378M | $184M | $318M | $529M | $371M | $272M | $23M | $18M |
| Receivables | $570M | $908M | $946M | $647M | $522M | $384M | $442M | $582M | $53M | $53M |
| Total current assets | $868M | $1.7B | $1.8B | $1.4B | $1.3B | $1.2B | $1.1B | $1.1B | $127M | $170M |
| Property, plant and equipment | $43M | $166M | $162M | $155M | $141M | $91M | $81M | $90M | $51M | $49M |
| Goodwill | $535M | $2.7B | $2.7B | $2.8B | $2.8B | $2.8B | $2.8B | $1.3B | $811M | $0 |
| Total assets | $3.8B | $9.2B | $9.0B | $8.4B | $8.0B | $8.3B | $9.0B | $7.4B | $2.1B | $2.2B |
| Total current liabilities | $1.7B | $1.7B | $2.4B | $1.7B | $1.5B | $1.7B | $2.4B | $2.6B | $408M | $622M |
| Long-term debt | $825M | $3.0B | $2.5B | $2.9B | $2.7B | $2.5B | $2.2B | $2.0B | $697M | $700M |
| Total liabilities | $2.9B | $6.7B | $5.7B | $5.5B | $5.3B | $5.5B | $6.0B | $6.3B | $1.2B | $1.4B |
| Shareholders' equity | $850M | $2.5B | $3.2B | $2.9B | $2.7B | $2.8B | $2.8B | $1.5B | $919M | $766M |
| Net debt | $767M | $2.7B | $2.1B | $2.7B | $2.3B | $2.1B | $2.1B | $1.7B | $1.5B | $682M |
Cash flow
Fiscal years, from STRZ's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$19M | $558M | $386M | $428M | $615M | -$500,000 | -$661M | -$438M | -$132M | -$46M |
| Capital spending | $18M | $25M | $46M | $44M | $31M | $35M | $33M | $34M | $20M | $18M |
| Free cash flow | -$37M | $533M | $340M | $384M | $584M | -$36M | -$694M | -$473M | -$152M | -$64M |
| Stock-based compensation | $78M | $77M | $88M | $68M | $50M | $89M | $100M | $26M | $25M | $18M |
| Dividends paid | $48M | $27M | $0 | $57M | $0 | $0 | — | — | — | — |
| Share buybacks (net) | -$73M | $0 | $0 | $0 | -$3M | -$2M | $0 | $0 | — | — |
| Net borrowing | $630M | $4.0B | $3.7B | $3.5B | $852M | $200M | $2.4B | -$135M | -$61M | -$35M |
| Free cash flow margin | -1.6% | 16.7% | 8.2% | 10.4% | 15.0% | -1.1% | -19.3% | -33.2% | -10.9% | -4.6% |
| Dividends per share | $0.31 | $0.16 | — | $0.27 | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for STRZ.
Open STRZ in InvestinglyQuestions
What was STRZ's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does STRZ generate?
-$64M in fiscal 2025 (operating cash flow minus capital spending).
From STRZ's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.