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Strategy Inc(MSTR)Earnings, Financials & Key Ratios
MSTR•NASDAQ
$186.82
$51.87B mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryData platforms, analytics and business intelligence
AboutMicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security. The company also provides MicroStrategy Support that helps customers to achieve their system availability and uptime goals, and to improve the overall experience through highly responsive troubleshooting and proactive technical product support. In addition, it offers MicroStrategy Consulting that provides customers with architecture and implementation services to help them quickly realize results, and helps to achieve returns on investment derived from understanding of data; and MicroStrategy Education that offers free and paid learning options. The company provides its services through enterprise sales force and channel partners. It serves companies from a range of industries, including retail, consulting, technology, manufacturing, finance, banking, insurance, healthcare, education, and telecommunications, as well as the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.Show more
- Revenue$477M+3.0%
- EBITDA-$5.42B-195.4%
- Net Income-$4.03B-245.6%
- EPS (Diluted)-15.23-151.3%
- Gross Margin68.69%-4.7%
- EBITDA Margin-1135.77%-186.8%
- Operating Margin-1140.82%-185.3%
- Net Margin-844.76%-235.6%
- ROE-11.64%-1.7%
- ROIC-9.9%-6.2%
- Debt/Equity0.16-59.2%
- Interest Coverage-84.06-178.1%
MSTR Key Insights
Strategy Inc (MSTR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Profits declining 251.4% over 5 years
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 52.7% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MSTR Price & Volume
Strategy Inc (MSTR) stock price & volume — 10-year historical chart
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MSTR Growth Metrics
Strategy Inc (MSTR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.04%
5 Years-0.15%
3 Years-1.49%
TTM6.79%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-136.1%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-84.14%
Return on Capital
10 Years-8.13%
5 Years-22.34%
3 Years-9.49%
Last Year-12.56%
MSTR Recent Earnings
Strategy Inc (MSTR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 5, 2026EPS
$38.25
Est $0.86
-4337.4%
Revenue
$124M
Est $121M
+2.9%
Q1 2026
Feb 5, 2026EPS
$42.93
Est $0.08
-53562.5%
Revenue
$123M
Est $119M
+3.2%
Q4 2025
Oct 30, 2025EPS
$8.42
Est $0.10
+8354.9%
Revenue
$129M
Est $117M
+10.3%
Q3 2025
Jul 31, 2025EPS
$32.60
Est $0.10
+33253.7%
Revenue
$114M
Est $114M
+0.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $38.25vs $0.86-4337.4% | $124Mvs $121M+2.9% |
| Q1 2026 | Feb 5, 2026 | $42.93vs $0.08-53562.5% | $123Mvs $119M+3.2% |
| Q4 2025 | Oct 30, 2025 | $8.42vs $0.10+8354.9% | $129Mvs $117M+10.3% |
| Q3 2025 | Jul 31, 2025 | $32.60vs $0.10+33253.7% | $114Mvs $114M+0.8% |
Based on last 12 quarters of dataView full earnings history →
MSTR Peer Comparison
Strategy Inc (MSTR) competitors in Data platforms, analytics and business intelligence — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COIN | 56.86B | 197.96 | 44.49 | 1.03% | 20.08% | 0.52 | ||
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 CORZ | 7.77B | 24.63 | -27.99 | -37.53% | -342.93% |
Compare MSTR vs Peers
Strategy Inc (MSTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MSTR Income Statement
Strategy Inc (MSTR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 503.84M | 497.64M | 486.33M | 480.74M | 510.76M | 499.26M | 496.26M | 463.46M | 477.23M | 490.47M |
| Revenue Growth % | -1.9% | -1.23% | -2.27% | -1.15% | 6.25% | -2.25% | -0.6% | -6.61% | 2.97% | 6.79% |
| Cost of Goods Sold | 96.65M | 99.5M | 99.97M | 91.06M | 91.91M | 102.99M | 109.94M | 129.47M | 149.42M | 156.39M |
| COGS % of Revenue | 19.18% | 19.99% | 20.56% | 18.94% | 17.99% | 20.63% | 22.15% | 27.94% | 31.31% | - |
| Gross Profit | 407.19M▲ 0% | 398.14M▼ 2.2% | 386.35M▼ 3.0% | 389.68M▲ 0.9% | 418.85M▲ 7.5% | 396.27M▼ 5.4% | 386.32M▼ 2.5% | 333.99M▼ 13.5% | 327.82M▼ 1.8% | 334.07M▲ 0% |
| Gross Margin % | 80.82% | 80.01% | 79.44% | 81.06% | 82.01% | 79.37% | 77.85% | 72.06% | 68.69% | 68.11% |
| Gross Profit Growth % | -3.15% | -2.22% | -2.96% | 0.86% | 7.49% | -5.39% | -2.51% | -13.55% | -1.85% | - |
| Operating Expenses | 333.97M | 394.16M | 387.36M | 403.31M | 1.2B | 1.67B | 501.36M | 2.19B | 5.77B | 14.29B |
| OpEx % of Revenue | 66.28% | 79.21% | 79.65% | 83.89% | 235.6% | 334.9% | 101.03% | 471.88% | 1209.51% | - |
| Selling, General & Admin | 255.21M | 291.66M | 277.93M | 229.05M | 255.64M | 258.3M | 264.98M | 278.62M | 274.87M | 280.42M |
| SG&A % of Revenue | 50.65% | 58.61% | 57.15% | 47.64% | 50.05% | 51.74% | 53.4% | 60.12% | 57.6% | - |
| Research & Development | 78.77M | 102.5M | 109.42M | 103.56M | 117.12M | 127.43M | 120.53M | 118.49M | 93.86M | 94.1M |
| R&D % of Revenue | 15.63% | 20.6% | 22.5% | 21.54% | 22.93% | 25.52% | 24.29% | 25.57% | 19.67% | - |
| Other Operating Expenses | 0 | 0 | 0 | 70.7M | 830.62M | 1.29B | 115.85M | 1.79B | 5.4B | 0 |
| Operating Income | 73.22M▲ 0% | 3.98M▼ 94.6% | -1M▼ 125.2% | -13.63M▼ 1259.8% | -784.53M▼ 5658.0% | -1.28B▼ 62.6% | -115.05M▲ 91.0% | -1.85B▼ 1510.6% | -5.44B▼ 193.8% | -13.99B▲ 0% |
| Operating Margin % | 14.53% | 0.8% | -0.21% | -2.83% | -153.6% | -255.52% | -23.18% | -399.82% | -1140.82% | -2853.07% |
| Operating Income Growth % | -33.14% | -94.56% | -125.17% | -1259.78% | -5658% | -62.61% | 90.98% | -1510.63% | -193.82% | - |
| EBITDA | 88.75M | 7.68M | 7.59M | -293K | -773.17M | -1.26B | -100.52M | -1.84B | -5.42B | -13.98B |
| EBITDA Margin % | 17.62% | 1.54% | 1.56% | -0.06% | -151.38% | -253.35% | -20.26% | -395.98% | -1135.77% | -2849.5% |
| EBITDA Growth % | -31.44% | -91.34% | -1.17% | -103.86% | -263780.2% | -63.6% | 92.05% | -1725.68% | -195.36% | -85.13% |
| D&A (Non-Cash Add-back) | 15.53M | 3.7M | 8.59M | 13.33M | 11.36M | 10.87M | 14.53M | 17.81M | 24.08M | 17.51M |
| EBIT | 73.22M | 3.98M | -1M | -13.63M | -782.24M | -1.27B | -75.56M | -1.87B | -5.46B | 464.36M |
| Net Interest Income | 5.21M | 11.86M | 10.91M | 710K | -29.15M | -53.14M | -48.96M | -61.94M | -64.97M | -47.86M |
| Interest Income | 5.21M | 11.86M | 10.91M | 2.52M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 1.81M | 29.15M | 53.14M | 48.96M | 61.94M | 64.97M | 49.69M |
| Other Income/Expense | -1.75M | 16.5M | 39.27M | -6.33M | -26.86M | -46.72M | -9.48M | -81.37M | -81.57M | -55.59M |
| Pretax Income | 71.47M▲ 0% | 20.48M▼ 71.3% | 38.26M▲ 86.8% | -19.95M▼ 152.1% | -811.39M▼ 3966.5% | -1.32B▼ 63.0% | -124.53M▲ 90.6% | -1.93B▼ 1453.4% | -5.53B▼ 185.7% | -14.05B▲ 0% |
| Pretax Margin % | 14.19% | 4.12% | 7.87% | -4.15% | -158.86% | -264.88% | -25.09% | -417.37% | -1157.91% | -2864.4% |
| Income Tax | 53.28M | -2.02M | 3.91M | -12.43M | -275.91M | 147.33M | -553.65M | -767.68M | -1.68B | -1.88B |
| Effective Tax Rate % | 74.54% | -9.86% | 10.21% | 62.29% | 34% | -11.14% | 444.61% | 39.69% | 30.36% | 13.35% |
| Net Income | 18.2M▲ 0% | 22.5M▲ 23.7% | 34.35M▲ 52.7% | -7.52M▼ 121.9% | -535.48M▼ 7017.0% | -1.47B▼ 174.5% | 429.12M▲ 129.2% | -1.17B▼ 371.9% | -4.03B▼ 245.6% | -12.59B▲ 0% |
| Net Margin % | 3.61% | 4.52% | 7.06% | -1.57% | -104.84% | -294.39% | 86.47% | -251.73% | -844.76% | -2566.18% |
| Net Income Growth % | -80.27% | 23.67% | 52.68% | -121.9% | -7016.96% | -174.48% | 129.2% | -371.87% | -245.56% | -136.1% |
| Net Income (Continuing) | 18.2M | 22.5M | 34.35M | -7.52M | -535.48M | -1.47B | 429.12M | -1.17B | -3.85B | -12.4B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.16▲ 0% | 0.20▲ 25.0% | 0.33▲ 65.0% | -0.08▼ 123.5% | -5.34▼ 6772.6% | -12.98▼ 143.1% | 2.64▲ 120.3% | -6.06▼ 329.5% | -15.23▼ 151.3% | -37.69▲ 0% |
| EPS Growth % | -80% | 25% | 65% | -123.55% | -6772.59% | -143.07% | 120.34% | -329.55% | -151.32% | -84.14% |
| EPS (Basic) | 0.16 | 0.20 | 0.34 | -0.08 | -5.34 | -12.98 | 3.14 | -6.06 | -13.89 | - |
| Diluted Shares Outstanding | 115.47M | 114.12M | 103.28M | 96.84M | 100.2M | 113.21M | 165.66M | 192.55M | 294M | 333.91M |
| Basic Shares Outstanding | 114.44M | 113.75M | 102.56M | 96.84M | 100.2M | 113.21M | 136.71M | 192.55M | 294M | 333.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
MSTR Balance Sheet
Strategy Inc (MSTR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 860.65M | 778.4M | 753.45M | 272.62M | 267.96M | 264.57M | 267.89M | 252.32M | 2.56B | 2.39B |
| Cash & Short-Term Investments | 675.17M | 576.11M | 565.65M | 59.67M | 63.36M | 43.84M | 46.82M | 38.12M | 2.3B | 2.21B |
| Cash Only | 420.24M | 109.92M | 456.73M | 59.67M | 63.36M | 43.84M | 46.82M | 38.12M | 2.3B | 2.21B |
| Short-Term Investments | 254.93M | 466.19M | 108.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 165.36M | 171.36M | 163.52M | 197.46M | 189.28M | 189.28M | 183.81M | 181.2M | 205.75M | 122.26M |
| Days Sales Outstanding | 119.8 | 125.69 | 122.72 | 149.92 | 135.26 | 138.38 | 135.2 | 142.71 | 157.36 | 104.05 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.14M | 862K | 1.09M | 1.08M | 1.08M | 31.45M | 37.26M | 33M | 55.05M | 61.75M |
| Total Non-Current Assets | 72.57M | 77.37M | 163.13M | 1.19B | 3.29B | 2.15B | 4.49B | 25.59B | 59.08B | 51.88B |
| Property, Plant & Equipment | 53.36M | 51.92M | 135.69M | 116.57M | 103.35M | 93.61M | 86.28M | 80.89M | 75.83M | 86.55M |
| Fixed Asset Turnover | 9.44x | 9.58x | 3.58x | 4.12x | 4.94x | 5.33x | 5.75x | 5.73x | 6.29x | 6.07x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.5M | 0 | 0 | 1.05B | 2.85B | 1.84B | 3.63B | 23.91B | 58.85B | 0 |
| Long-Term Investments | 0 | 0 | 0 | 1.05B | 0 | 0 | 0 | 6.8M | 0 | 21.5M |
| Other Non-Current Assets | 3.32M | 8.13M | 8.02M | -1.04B | 15.82M | 23.92M | 24.3M | 68.99M | 142.58M | 52.13B |
| Total Assets | 933.22M▲ 0% | 855.77M▼ 8.3% | 916.57M▲ 7.1% | 1.47B▲ 59.9% | 3.56B▲ 142.7% | 2.41B▼ 32.2% | 4.76B▲ 97.6% | 25.84B▲ 442.6% | 61.64B▲ 138.5% | 54.27B▲ 0% |
| Asset Turnover | 0.54x | 0.58x | 0.53x | 0.33x | 0.14x | 0.21x | 0.10x | 0.02x | 0.01x | 0.01x |
| Asset Growth % | 21.46% | -8.3% | 7.11% | 59.9% | 142.71% | -32.24% | 97.59% | 442.65% | 138.52% | 1762.79% |
| Total Current Liabilities | 184.86M | 258.27M | 269.82M | 285.62M | 311.99M | 317.4M | 323.27M | 355.38M | 456.49M | 395.06M |
| Accounts Payable | 30.71M | 33.68M | 33.92M | 44.85M | 46.08M | 42.98M | 32.63M | 33.4M | 50.34M | 0 |
| Days Payables Outstanding | 115.98 | 123.57 | 123.84 | 179.78 | 183.01 | 152.31 | 108.32 | 94.16 | 122.96 | 83.6 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 454K | 10.95M | 10.9M | 31.31M | 76.06M |
| Deferred Revenue (Current) | 112.65M | 176.54M | 187.11M | 191.25M | 209.86M | 217.43M | 228.16M | 237.97M | 272.12M | 918.23M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 1.49M | 2.83M | 1.49M | 5.55M | 5.62M | 87.78M |
| Current Ratio | 4.66x | 3.01x | 2.79x | 0.95x | 0.86x | 0.83x | 0.83x | 0.71x | 5.62x | 5.62x |
| Quick Ratio | 4.66x | 3.01x | 2.79x | 0.95x | 0.86x | 0.83x | 0.83x | 0.71x | 5.62x | 5.62x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | 20.45 |
| Total Non-Current Liabilities | 60.33M | 67.77M | 138.19M | 626.95M | 2.27B | 2.48B | 2.27B | 7.26B | 10.14B | 8.24B |
| Long-Term Debt | 0 | 0 | 0 | 486.37M | 2.16B | 2.38B | 2.18B | 7.19B | 8.2B | 60.86M |
| Capital Lease Obligations | 0 | 0 | 103.42M | 84.33M | 76.61M | 67.34M | 61.09M | 56.4M | 46.13M | 145.51M |
| Deferred Tax Liabilities | 4K | 37K | 26K | 8.21M | 109K | 198K | 357K | 407K | 1.93B | 14.74B |
| Other Non-Current Liabilities | 50.15M | 61.26M | 30.4M | 33.38M | 26.22M | 17.12M | 22.21M | 5.38M | -41.4M | 8.14B |
| Total Liabilities | 245.19M | 326.04M | 408.01M | 912.57M | 2.58B | 2.79B | 2.6B | 7.61B | 10.6B | 8.63B |
| Total Debt | 0 | 0 | 103.42M | 570.69M | 2.23B | 2.45B | 2.25B | 7.26B | 8.28B | 136.92M |
| Net Debt | -420.24M | -109.92M | -353.3M | 511.02M | 2.17B | 2.4B | 2.21B | 7.22B | 5.98B | -2.07B |
| Debt / Equity | - | - | 0.20x | 1.03x | 2.28x | - | 1.04x | 0.40x | 0.16x | 0.16x |
| Debt / EBITDA | - | - | 13.62x | - | - | - | - | - | - | -0.01x |
| Net Debt / EBITDA | -4.73x | -14.31x | -46.54x | - | - | - | - | - | - | 0.15x |
| Interest Coverage | - | - | - | -7.51x | -26.84x | -23.89x | -1.54x | -30.23x | -84.06x | 9.35x |
| Total Equity | 590.54M▲ 0% | 529.73M▼ 10.3% | 508.56M▼ 4.0% | 553.04M▲ 8.7% | 978.96M▲ 77.0% | -383.12M▼ 139.1% | 2.16B▲ 665.1% | 18.23B▲ 742.0% | 51.04B▲ 180.0% | 36.65B▲ 0% |
| Equity Growth % | 6.95% | -10.3% | -4% | 8.75% | 77.01% | -139.14% | 665.09% | 742.04% | 179.99% | 3306.27% |
| Book Value per Share | 5.11 | 4.64 | 4.92 | 5.71 | 9.77 | -3.38 | 13.07 | 94.68 | 173.62 | 109.76 |
| Total Shareholders' Equity | 590.54M | 529.73M | 508.56M | 553.04M | 978.96M | -383.12M | 2.16B | 18.23B | 51.04B | 36.65B |
| Common Stock | 18K | 18K | 18K | 18K | 20K | 20K | 26K | 246K | 312K | 346K |
| Retained Earnings | 511.75M | 549.13M | 583.49M | 575.97M | 41.44M | -1.43B | -999.23M | -2.17B | 6.32B | -6.47B |
| Treasury Stock | -475.18M | -586.16M | -658.88M | -782.1M | -782.1M | -782.1M | -782.1M | 0 | 0 | 0 |
| Accumulated OCI | -5.97M | -10.22M | -9.65M | -3.88M | -7.54M | -13.8M | -11.44M | -15.38M | -5.17M | -7.91M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MSTR Cash Flow Statement
Strategy Inc (MSTR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 78.32M | 10.63M | 60.87M | 53.62M | 93.83M | 3.21M | 12.71M | -53.03M | -67.24M | -67.24M |
| Operating CF Margin % | 15.54% | 2.14% | 12.52% | 11.15% | 18.37% | 0.64% | 2.56% | -11.44% | -14.09% | - |
| Operating CF Growth % | -29.18% | -86.43% | 472.76% | -11.91% | 75% | -96.58% | 295.89% | -517.18% | -26.79% | 690.77% |
| Net Income | 18.2M | 22.5M | 34.35M | -7.52M | -535.48M | -1.47B | 429.12M | -1.17B | -3.85B | -12.59B |
| Depreciation & Amortization | 15.53M | 3.7M | 8.59M | 13.33M | 11.36M | 10.87M | 14.53M | 17.81M | 39.47M | 10.11M |
| Stock-Based Compensation | 14.27M | 14.64M | 10.21M | 11.15M | 44.13M | 63.62M | 69.57M | 77.12M | 0 | 1.35M |
| Deferred Taxes | -3.6M | -8.27M | -5.45M | -20.83M | -284.78M | 131.13M | -569.46M | -775.85M | -1.68B | -5.22B |
| Other Non-Cash Items | 2.27M | 2.06M | 8.27M | 80.27M | 847.52M | 1.3B | 90M | 1.84B | 5.48B | 25.96B |
| Working Capital Changes | 31.66M | -24M | 4.89M | -22.78M | 11.09M | -36.61M | -21.05M | -42.71M | -55.19M | -39.01M |
| Change in Receivables | 15.35M | -8.36M | -3.67M | -774K | 2.62M | -5.29M | 10.31M | 5.69M | 20.41M | -13.25M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -9.09M | 3.38M | -7.32M | 9.17M | 3.75M | -3.52M | -634K | 1.14M | 6.56M | 481K |
| Cash from Investing | -69.73M | -209.06M | 353.69M | -1.02B | -2.63B | -278.59M | -1.91B | -22.09B | -22.51B | -22.09B |
| Capital Expenditures | -3.98M | -6.85M | -10.18M | -3.65M | -2.71M | -2.49M | -2.94M | -13.48M | -22.51B | -3.09B |
| CapEx % of Revenue | 0.79% | 1.38% | 2.09% | 0.76% | 0.53% | 0.5% | 0.59% | 2.91% | 4717.24% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -1.13B | -2.63B | -276.1M | -1.9B | -22.07B | 0 | -19.01B |
| Cash from Financing | 1.66M | -108.52M | -66.15M | 563.23M | 2.54B | 265.19M | 1.89B | 22.13B | 24.84B | 24.3B |
| Debt Issued (Net) | -21K | -9K | 0 | 650M | 1.55B | 215.55M | -160.55M | 5.7B | 2.02B | 30.45M |
| Equity Issued (Net) | 1.68M | -110.98M | -72.72M | -123.22M | 1B | 46.59M | 2.03B | 16.36B | 23.21B | 2.74B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -381.37M | -520.07M |
| Share Repurchases | 0 | -110.98M | -72.72M | -123.22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 2.47M | 6.57M | 36.46M | -8.31M | 3.05M | 21.22M | 72.22M | 0 | 22.04B |
| Net Change in Cash | 18.47M▲ 0% | -310.4M▼ 1780.5% | 347.03M▲ 211.8% | -397.06M▼ 214.4% | 3.67M▲ 100.9% | -13.57M▼ 469.1% | -2.19M▲ 83.8% | -8.78M▼ 299.8% | 2.26B▲ 25891.3% | 2.15B▲ 0% |
| Free Cash Flow | 74.34M▲ 0% | 3.78M▼ 94.9% | 50.69M▲ 1240.5% | -1.08B▼ 2221.0% | -2.54B▼ 135.8% | -287.2M▲ 88.7% | -1.89B▼ 559.0% | -22.14B▼ 1069.8% | -104.24M▲ 99.5% | 7.61B▲ 0% |
| FCF Margin % | 14.75% | 0.76% | 10.42% | -223.62% | -496.4% | -57.52% | -381.36% | -4776.99% | -21.84% | 1551.17% |
| FCF Growth % | -31.33% | -94.91% | 1240.52% | -2221.01% | -135.84% | 88.67% | -558.97% | -1069.83% | 99.53% | 126.98% |
| FCF per Share | 0.64 | 0.03 | 0.49 | -11.10 | -25.30 | -2.54 | -11.42 | -114.98 | -0.35 | -0.35 |
| FCF Conversion (FCF/Net Income) | 4.30x | 0.47x | 1.77x | -7.13x | -0.18x | -0.00x | 0.03x | 0.05x | 0.02x | -0.60x |
| Interest Paid | 0 | 0 | 11K | 178K | 20.42M | 43.45M | 41.23M | 44.57M | 0 | 0 |
| Taxes Paid | 29.28M | 13.21M | 5.91M | 6.8M | 7.01M | 21.97M | 30.32M | 1.06M | 0 | 0 |
MSTR Key Ratios
Strategy Inc (MSTR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 3.18% | 4.02% | 6.62% | -1.42% | -69.91% | -493.35% | 48.17% | -11.44% | -11.64% | -25.66% |
| Return on Invested Capital (ROIC) | 34.27% | 1.01% | -0.26% | -1.68% | -27.94% | -37.04% | -2.7% | -9.32% | -9.9% | -9.9% |
| Gross Margin | 80.82% | 80.01% | 79.44% | 81.06% | 82.01% | 79.37% | 77.85% | 72.06% | 68.69% | 68.11% |
| Net Margin | 3.61% | 4.52% | 7.06% | -1.57% | -104.84% | -294.39% | 86.47% | -251.73% | -844.76% | -2566.18% |
| Debt / Equity | - | - | 0.20x | 1.03x | 2.28x | - | 1.04x | 0.40x | 0.16x | 0.16x |
| Interest Coverage | - | - | - | -7.51x | -26.84x | -23.89x | -1.54x | -30.23x | -84.06x | 9.35x |
| FCF Conversion | 4.30x | 0.47x | 1.77x | -7.13x | -0.18x | -0.00x | 0.03x | 0.05x | 0.02x | -0.60x |
| Revenue Growth | -1.9% | -1.23% | -2.27% | -1.15% | 6.25% | -2.25% | -0.6% | -6.61% | 2.97% | 6.79% |
MSTR SEC Filings & Documents
Strategy Inc (MSTR) SEC filings — annual & quarterly reports (10-K, 10-Q)
MSTR Frequently Asked Questions
Strategy Inc (MSTR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Strategy Inc (MSTR) reported $490.5M in revenue for fiscal year 2025. This represents a 833% increase from $52.6M in 1997.
Strategy Inc (MSTR) grew revenue by 3.0% over the past year. Growth has been modest.
Strategy Inc (MSTR) reported a net loss of $12.59B for fiscal year 2025.
Dividend & Returns
Yes, Strategy Inc (MSTR) pays a dividend with a yield of 0.69%. This makes it attractive for income-focused investors.
Strategy Inc (MSTR) has a return on equity (ROE) of -11.6%. Negative ROE indicates the company is unprofitable.
Strategy Inc (MSTR) generated $7.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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