Strategy Inc (MSTR) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MSTR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MSTR Revenue Analysis (2013–2024)
As of March 3, 2026, Strategy Inc (MSTR) generated trailing twelve-month (TTM) revenue of $474.9 million, reflecting strong growth of +10.9% year-over-year. The most recent quarter (Q3 2025) recorded $128.7 million in revenue, up 12.4% sequentially.
Looking at the longer-term picture, MSTR's 5-year compound annual growth rate (CAGR) stands at -1.0%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $579.8 million in 2014.
Revenue diversification analysis shows MSTR's business is primarily driven by Maintenance (53%), Subscription And Circulation (23%), and Technology Service (14%). With over half of revenue concentrated in Maintenance, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SNOW (+29.2% YoY), KC (+25.1% YoY), and ESTC (+17.3% YoY), MSTR has underperformed the peer group in terms of revenue growth. Compare MSTR vs SNOW →
Peer Comparison
Compare MSTR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSTRCurrent | $475M | +10.9% | -1.0% | -399.8% | |
| SNOW | $4.7B | +29.2% | +51.2% | -30.6% | |
| KC | $7.8B | +25.1% | +14.6% | -22.3% | |
| ESTC | $1.5B | +17.3% | +28.2% | -3.7% | |
| CALX | $1.0B | +20.3% | +13.1% | 2.1% | |
| STRC | $463M | +1.6% | -1.0% | -399.8% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $463.5M | -6.6% | $334.0M | 72.1% | $-1,852,978,000 | -399.8% |
| 2023 | $496.3M | -0.6% | $386.3M | 77.8% | $-115,047,000 | -23.2% |
| 2022 | $499.3M | -2.3% | $396.3M | 79.4% | $-1,275,742,000 | -255.5% |
| 2021 | $510.8M | +6.2% | $418.9M | 82.0% | $-784,527,000 | -153.6% |
| 2020 | $480.7M | -1.1% | $389.7M | 81.1% | $-13,625,000 | -2.8% |
| 2019 | $486.3M | -2.3% | $386.4M | 79.4% | $-1,002,000 | -0.2% |
| 2018 | $497.6M | -1.2% | $398.1M | 80.0% | $4.0M | 0.8% |
| 2017 | $503.8M | -1.9% | $407.2M | 80.8% | $73.2M | 14.5% |
| 2016 | $513.6M | -3.1% | $420.4M | 81.9% | $109.5M | 21.3% |
| 2015 | $529.9M | -8.6% | $428.8M | 80.9% | $134.0M | 25.3% |
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Start ComparisonFrequently Asked Questions
Is MSTR's revenue growth accelerating or slowing?
MSTR maintains +10.9% revenue growth, in line with its 5-year CAGR of -1.0%. TTM revenue stands at $475M. Growth rate remains consistent with historical average.
What is MSTR's long-term revenue growth rate?
Strategy Inc's 5-year revenue CAGR of -1.0% reflects the sustained expansion pattern. Current YoY growth of +10.9% is near this long-term average.
How is MSTR's revenue distributed by segment?
MSTR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.