Strategy revenue and financials

MSTR · NASDAQ · USD

$164.43Change from previous close: +2.76%Absolute change: +$4.42

Close · October 5, 2026

In the fiscal year ended December 2025, Strategy reported revenue of $477.23M (+2.97% year over year). The net loss was $3.85B.

Annual revenue · 2025: $477.23M
  1. $513.59M2016
  2. $503.84M2017
  3. $497.64M2018
  4. $486.33M2019
  5. $480.74M2020
  6. $510.76M2021
  7. $499.26M2022
  8. $496.26M2023
  9. $463.46M2024
  10. $477.23M2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+2.97%
2025 vs 2024
Net margin
-806.3%
2024: -251.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
Total revenue122124123129114—
Cost of revenue40.840.941.738.035.8—
Gross profit81.683.481.390.778.7—
Selling, general and administrative74.073.668.568.170.2—
Research and development23.124.722.822.624.1—
Operating income-15.6-14.9-10.0-0.0-15.5—
EBIT-8,202-14.9-17,4493,89014,024—
EBITDA-8,190-6.2-17,4443,89414,033—
Interest expense15.6—11.118.918.017.1
Pre-tax income-8,218-14,465-17,4613,87114,006—
Income tax1.6-1,923-5,0241,0863,985—
Net income-8,220-12,543-12,4372,78510,021—
Net income to common shareholders-8,620-12,772-12,6202,6459,972—
Basic EPS-24.45-38.25-42.939.3036.23—
Diluted EPS-24.45-38.25-42.938.4232.60—
Average shares (basic)353334294284275—
Average shares (diluted)353334294315307—