Strategy Inc (MSTR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MSTR Revenue Growth
Revenue Breakdown (FY 2025)
MSTR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MSTR Revenue Analysis (2014–2025)
As of May 7, 2026, Strategy Inc (MSTR) generated trailing twelve-month (TTM) revenue of $490.5 million, reflecting strong growth of +11.9% year-over-year. The most recent quarter (Q1 2026) recorded $124.3 million in revenue, up 1.1% sequentially.
Looking at the longer-term picture, MSTR's 5-year compound annual growth rate (CAGR) stands at -0.1%, 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 Product Licenses And Subscription Services (50%), Subscription And Circulation (41%), and License (9%).
When compared to Technology sector peers including COIN, MARA, and RIOT, MSTR has underperformed the peer group in terms of revenue growth. Compare MSTR vs COIN →
MSTR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSTRCurrent | $490M | +11.9% | -0.1% | -1140.8% | |
 COIN | $6.6B | - | - | 13.7% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 HUT | $15M | - | - | -2104.6% |
MSTR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $477.2M | +3.0% | $327.8M | 68.7% | $-5,444,385,000 | -1140.8% |
| 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% |
Full MSTR Stock Analysis
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Start ComparisonMSTR — Frequently Asked Questions
Quick answers to the most common questions about buying MSTR stock.
Is MSTR's revenue growth accelerating or slowing?
MSTR maintains +11.9% revenue growth, in line with its 5-year CAGR of -0.1%. TTM revenue stands at $490M. Growth rate remains consistent with historical average.
What is MSTR's long-term revenue growth rate?
Strategy Inc's 5-year revenue CAGR of -0.1% reflects the sustained expansion pattern. Current YoY growth of +11.9% 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 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.