Strategy Inc (MSTR) Earnings History
Net Loss29 years of earnings data (1997–2025) · Currently unprofitable on a TTM basis
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Strategy Inc (MSTR) Earnings Overview
As of June 21, 2026, Strategy Inc (MSTR) reported trailing twelve-month net income of -$12.36B, reflecting -151.3% year-over-year growth. The company earned $-37.01 per diluted share over the past four quarters, with a net profit margin of -844.8%.
Looking at the long-term picture, MSTR's historical earnings data spans multiple years. The company achieved its highest annual net income of $429M in fiscal 2023.
Strategy Inc is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including COIN ($801M net income, 17.6% margin), MARA (-$2.04B net income, -144.6% margin), RIOT (-$867M net income, -102.4% margin), MSTR has room to improve margins relative to the peer group. Compare MSTR vs COIN →
MSTR Earnings vs Peers
Earnings metrics vs comparable public companies
MSTR Historical Earnings Data (1997–2025)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$4.03B | -245.6% | -$5.44B | $-15.23 | -844.8% | -1140.8% |
| 2024 | -$1.17B | -371.9% | -$1.85B | $-6.06 | -251.7% | -399.8% |
| 2023 | $429M | +129.2% | -$115M | $2.64 | 86.5% | -23.2% |
| 2022 | -$1.47B | -174.5% | -$1.28B | $-12.98 | -294.4% | -255.5% |
| 2021 | -$535M | -7017.0% | -$785M | $-5.34 | -104.8% | -153.6% |
| 2020 | -$8M | -121.9% | -$14M | $-0.08 | -1.6% | -2.8% |
| 2019 | $34M | +52.7% | -$1M | $0.33 | 7.1% | -0.2% |
| 2018 | $23M | +23.7% | $4M | $0.20 | 4.5% | 0.8% |
| 2017 | $18M | -80.3% | $73M | $0.16 | 3.6% | 14.5% |
| 2016 | $92M | -12.9% | $110M | $0.80 | 18.0% | 21.3% |
| 2015 | $106M | +2003.9% | $134M | $0.92 | 20.0% | 25.3% |
| 2014 | $5M | -94.0% | $5M | $0.04 | 0.9% | 0.9% |
| 2013 | $83M | +305.6% | $19M | $0.74 | 14.5% | 3.4% |
| 2012 | $21M | +14.5% | $33M | $0.18 | 3.6% | 5.9% |
| 2011 | $18M | -59.0% | $21M | $0.16 | 3.3% | 3.9% |
| 2010 | $44M | -41.5% | $51M | $0.37 | 9.6% | 11.1% |
| 2009 | $75M | +78.9% | $86M | $0.61 | 19.8% | 22.8% |
| 2008 | $42M | -28.5% | $68M | $0.34 | 11.6% | 18.8% |
| 2007 | $58M | -17.5% | $88M | $0.46 | 16.7% | 25.2% |
| 2006 | $71M | +9.5% | $100M | $0.52 | 22.6% | 31.8% |
| 2005 | $65M | -61.5% | $94M | $0.42 | 24.1% | 34.9% |
| 2004 | $168M | +4412.4% | $68M | $0.98 | 72.8% | 29.6% |
| 2003 | -$4M | -110.2% | $28M | $-0.03 | -2.2% | 15.9% |
| 2002 | $38M | +147.1% | $10M | $0.31 | 25.8% | 7.1% |
| 2001 | -$81M | +52.1% | -$67M | $-0.93 | -44.8% | -37.0% |
| 2000 | -$169M | -400.6% | -$118M | $-3.28 | -78.5% | -54.7% |
| 1999 | -$34M | -1396.4% | -$25M | $-0.22 | -22.3% | -16.7% |
| 1998 | -$2M | -154.8% | -$3M | $-0.01 | -2.4% | -2.7% |
| 1997 | $-885,000 | - | $-634,000 | $-0.10 | -1.7% | -1.2% |
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MSTR — Frequently Asked Questions
Quick answers to the most common questions about buying MSTR stock.
What is MSTR earnings per share (EPS)?
MSTR trailing twelve-month (TTM) diluted EPS is $-37.01, reflecting -151.3% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1997 to 2025 is available in the table on this page.
What is Strategy Inc's net income?
Strategy Inc (MSTR) trailing twelve-month net income is $-12.4B as of 2025. Earnings declined -151.3% year-over-year.
Is MSTR profitable?
MSTR is not currently profitable on a TTM basis, reporting a net loss of $-12.4B. Net margin is -844.8%. Investors should monitor for a return to profitability.
What is MSTR's earnings growth rate?
MSTR compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2025.
What are MSTR's profit margins?
Strategy Inc net profit margin is -844.8%, operating margin is -1140.8%, and gross margin is +68.7%. Below-average margins reflect competitive or cost pressures. Return on Equity is -11.6%.
Is MSTR growing earnings?
MSTR earnings are declining — EPS fell -151.3% year-over-year. TTM net income dropped to $-12.4B. This contrasts with the 5-year CAGR of N/A.
What was MSTR's best earnings year?
Strategy Inc's highest annual net income on record is $429M, achieved in fiscal year 2023. Earnings history on this page spans 1997 to 2025 and includes all annual and quarterly figures.
What were MSTR's earnings last quarter?
MSTR's most recent reported quarter was Q1 2026. Net income was $-12.5B with diluted EPS of $-38.25. For a full breakdown of all quarters, see the quarterly earnings table on this page.