MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) Revenue History
Annual and quarterly revenue from 2021 to present
STRD Revenue Over Time (2021–2025)
STRD Revenue Growth History
1 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- -2.3%
- FY2023 revenue growth
- -0.6%
- FY2024 revenue growth
- -6.6%
- FY2025 revenue growth
- +3.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $123.0M | — |
| Q3 2025 | $128.7M | — |
| Q2 2025 | $114.5M | — |
| Q1 2025 | $111.1M | — |
| Q4 2024 | $120.7M | — |
| Q3 2024 | $116.1M | — |
| Q2 2024 | $111.4M | — |
| Q1 2024 | $115.2M | — |
Multi-year avg. share of annual revenue by fiscal quarter
STRD Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 22, 2026, MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) generated trailing twelve-month (TTM) revenue of $477.2 million, reflecting modest growth of +1.9% year-over-year. The most recent quarter (Q4 2025) recorded $123.0 million in revenue, down 4.4% sequentially.
Historical Growth Trajectory
STRD's historical revenue data shows a 3-year CAGR of -1.5%. MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's highest annual revenue of $510.8 million was recorded in 2021.
Peer Comparison
Compared to Financial Services sector peers — including MSTR (+6.8% YoY), SMLR (-37.3% YoY), and BTBT — STRD has outperformed the peer group in revenue growth. Compare STRD vs MSTR →
STRD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| STRDCurrent | $477M | +1.9% | - | -1140.8% | |
 MSTR | $477M | +6.8% | -0.1% | -1140.8% | |
 SMLR | $56M | -37.3% | +11.4% | 37.2% | |
 BTBT | $114M | - | - | -49.8% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% |
STRD Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $477.2M | - | $327.8M | 68.7% | $-5,444,385,000 | -1140.8% |
| 2024 | $463.5M | - | $334.0M | 72.1% | $-1,852,978,000 | -399.8% |
| 2023 | $496.3M | - | $386.3M | 77.8% | $-115,047,000 | -23.2% |
| 2022 | $499.3M | - | $396.3M | 79.4% | $-1,275,742,000 | -255.5% |
| 2021 | $510.8M | - | $418.9M | 82.0% | $-784,527,000 | -153.6% |
Full Stock Analysis
Deep dive into STRD consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
STRD — Frequently Asked Questions
Quick answers to the most common questions about buying STRD stock.
Is STRD's revenue growth accelerating or slowing?
STRD revenue growth is slowing. TTM revenue is $477M, up +1.9% year-over-year — below the 5-year CAGR of N/A. The deceleration suggests maturing end-markets or increased competition.
What is STRD's revenue history from 2021 to 2026?
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $477M, growing at +1.9% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is STRD's long-term revenue growth rate (CAGR)?
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's 5-year revenue CAGR of N/A reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +1.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for STRD.
Why does STRD's quarterly revenue fluctuate?
STRD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock's revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is STRD's revenue distributed by segment?
STRD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does STRD's revenue compare to industry peers?
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock (STRD) with TTM revenue of $477M and +1.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.