MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) 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)
STRC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
STRC Revenue Analysis (2013–2024)
As of March 2, 2026, MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) 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, STRC'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 STRC's business is primarily driven by Product Development Contract Revenue (66%), and Product Revenue (34%). With over half of revenue concentrated in Product Development Contract Revenue, 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), STRC has underperformed the peer group in terms of revenue growth. Compare STRC vs SNOW →
Peer Comparison
Compare STRC's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STRCCurrent | $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% | |
| MSTR | $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 STRC's revenue growth accelerating or slowing?
STRC 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 STRC's long-term revenue growth rate?
MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock'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 STRC's revenue distributed by segment?
STRC 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.