Symbols / MSTR $138.46 -0.35%
MSTR Chart
About
Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making. In addition, the company provides Strategy Mosaic, a universal intelligence layer that offers enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The company was formerly known as MicroStrategy Incorporated and changed its name to Strategy Inc in August 2025. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Software - Application | Market Cap | 46.21B |
| Enterprise Value | 59.08B | Income | -4.23B | Sales | 477.23M |
| Book/sh | 141.39 | Cash/sh | 6.90 | Dividend Yield | — |
| Payout | 0.00% | Employees | 1539 | IPO | — |
| P/E | — | Forward P/E | 2.01 | PEG | — |
| P/S | 96.83 | P/B | 0.98 | P/C | — |
| EV/EBITDA | -10.85 | EV/Sales | 123.79 | Quick Ratio | 5.52 |
| Current Ratio | 5.62 | Debt/Eq | 16.16 | LT Debt/Eq | — |
| EPS (ttm) | -15.23 | EPS next Y | 68.88 | EPS Growth | — |
| Revenue Growth | 1.90% | Earnings | 2026-04-30 | ROA | -7.78% |
| ROE | -11.11% | ROIC | — | Gross Margin | 68.69% |
| Oper. Margin | -44.02% | Profit Margin | 0.00% | Shs Outstand | 314.11M |
| Shs Float | 313.53M | Short Float | 12.05% | Short Ratio | 1.44 |
| Short Interest | — | 52W High | 457.22 | 52W Low | 104.17 |
| Beta | 3.63 | Avg Volume | 22.15M | Volume | 18.24M |
| Target Price | $378.71 | Recom | Strong_buy | Prev Close | $138.95 |
| Price | $138.46 | Change | -0.35% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-10 | init | B. Riley Securities | Neutral → Buy | $175 |
| 2026-03-06 | reit | BTIG | Buy → Buy | $250 |
| 2026-02-17 | main | Mizuho | Outperform → Outperform | $320 |
| 2026-02-09 | main | Cantor Fitzgerald | Overweight → Overweight | $192 |
| 2026-02-06 | main | BTIG | Buy → Buy | $250 |
| 2026-02-04 | main | Canaccord Genuity | Buy → Buy | $185 |
| 2026-01-16 | main | Mizuho | Outperform → Outperform | $403 |
| 2026-01-15 | main | TD Cowen | Buy → Buy | $440 |
| 2025-12-22 | main | Citigroup | Buy → Buy | $325 |
| 2025-12-08 | main | Bernstein | Outperform → Outperform | $450 |
| 2025-11-10 | up | Monness, Crespi, Hardt | Sell → Neutral | — |
| 2025-11-03 | main | HC Wainwright & Co. | Buy → Buy | $475 |
| 2025-11-03 | main | Canaccord Genuity | Buy → Buy | $474 |
| 2025-10-31 | main | TD Cowen | Buy → Buy | $535 |
| 2025-10-31 | main | Cantor Fitzgerald | Overweight → Overweight | $560 |
| 2025-10-31 | main | BTIG | Buy → Buy | $630 |
| 2025-10-21 | init | Citigroup | — → Buy | $485 |
| 2025-10-15 | init | China Renaissance | — → Buy | $473 |
| 2025-09-30 | down | Wells Fargo | Overweight → Equal-Weight | $54 |
| 2025-09-16 | main | TD Cowen | Buy → Buy | $620 |
- Bitcoin Whale Strategy Goes Both Guns Blazing Amid $10 Bil Mystery - Investor's Business Daily ue, 10 Mar 2026 21
- Analyst predicts 25% upside for Saylor's MicroStrategy stock - Yahoo Finance ue, 10 Mar 2026 22
- Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan - TechStock² ue, 10 Mar 2026 15
- Analyst predicts 25% upside for Saylor's MicroStrategy stock - thestreet.com ue, 10 Mar 2026 19
- Strategy Doubles Down on Bitcoin in a Volatile Market - MarketBeat ue, 10 Mar 2026 17
- B. Riley Securities initiates coverage of Strategy, Strive with Buy rating (MSTR:NASDAQ) - Seeking Alpha ue, 10 Mar 2026 19
- Strategy Expands ATM Program and Increases Bitcoin Holdings - The Globe and Mail ue, 10 Mar 2026 12
- MSTR: Strategy Stock Jumps 4% on Fresh $1.3 Billion Bitcoin Purchase - TradingView ue, 10 Mar 2026 06
- MicroStrategy (MSTR) Receives New 'Buy' Rating from B. Riley Sec - GuruFocus ue, 10 Mar 2026 11
- Circle’s 10% Gain Monday Outpaces MSTR and COIN in Big Day for Crypto Stocks - 24/7 Wall St. ue, 10 Mar 2026 00
- Investment Bank Gives Strategy (MSTR) and Strive (ASST) Buy Ratings, Flags Bitcoin Treasury Discounts - Bitcoin Magazine ue, 10 Mar 2026 04
- MSTR, ASST gain after hours – B Riley says Bitcoin must outrun dividend costs - MSN ue, 10 Mar 2026 14
- MICROSTRATEGY STOCK PRICE MODEL - Binance ue, 10 Mar 2026 19
- Strategy’s 18,000 Bitcoin Bet Deepens Discount And Volatility Questions - simplywall.st ue, 10 Mar 2026 08
- Why Strategy Inc (MSTR) is One of the Best Stocks That Will Make You Rich in 10 Years - Yahoo Finance ue, 10 Mar 2026 10
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 5000 | 779395.0 | — | Purchase at price 155.88 per share. | RICKERTSEN CARL JOHN | Director | — | 2026-01-12 00:00:00 | D |
| 1 | 1800 | — | — | Stock Gift at price 0.00 per share. | KANG ANDREW | Chief Financial Officer | — | 2025-12-19 00:00:00 | D |
| 2 | 686 | nan | — | — | DIETZE JANE A | Director | — | 2025-12-19 00:00:00 | D |
| 3 | 686 | nan | — | — | WINIARSKI GREGG | Director | — | 2025-12-19 00:00:00 | D |
| 4 | 686 | nan | — | — | BROOKS BRIAN P | Director | — | 2025-12-19 00:00:00 | D |
| 5 | 5200 | 359440.0 | — | Conversion of Exercise of derivative security at price 69.12 per share. | SHAO WEI-MING | General Counsel | — | 2025-11-19 00:00:00 | D |
| 6 | 5200 | 1045252.0 | — | Sale at price 200.00 - 202.02 per share. | SHAO WEI-MING | General Counsel | — | 2025-11-19 00:00:00 | D |
| 7 | 43 | 8968.0 | — | Sale at price 208.55 per share. | MONTGOMERY JEANINE J. | Officer | — | 2025-11-18 00:00:00 | D |
| 8 | 100 | nan | — | — | MONTGOMERY JEANINE J. | Officer | — | 2025-11-17 00:00:00 | D |
| 9 | 5200 | 359440.0 | — | Conversion of Exercise of derivative security at price 69.12 per share. | SHAO WEI-MING | General Counsel | — | 2025-11-17 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.64B | -719.68M | -14.94M | -270.12M |
| TaxRateForCalcs | 0.30 | 0.40 | 0.21 | 0.21 |
| NormalizedEBITDA | -31.99M | -41.80M | 10.13M | 27.83M |
| TotalUnusualItems | -5.40B | -1.81B | -71.17M | -1.29B |
| TotalUnusualItemsExcludingGoodwill | -5.40B | -1.81B | -71.17M | -1.29B |
| NetIncomeFromContinuingOperationNetMinorityInterest | -3.85B | -1.17B | 429.12M | -1.47B |
| ReconciledDepreciation | 25.52M | 17.81M | 14.53M | 10.87M |
| ReconciledCostOfRevenue | 149.42M | 129.47M | 109.94M | 102.99M |
| EBITDA | -5.44B | -1.85B | -61.04M | -1.26B |
| EBIT | -5.46B | -1.87B | -75.56M | -1.27B |
| NetInterestIncome | -64.97M | -61.94M | -48.96M | -53.14M |
| InterestExpense | 64.97M | 61.94M | 48.96M | 53.14M |
| NormalizedIncome | -87.33M | -73.55M | 485.34M | -453.63M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -3.85B | -1.17B | 429.12M | -1.47B |
| TotalExpenses | 518.14M | 526.57M | 495.46M | 488.72M |
| TotalOperatingIncomeAsReported | -5.44B | -1.85B | -115.05M | -1.28B |
| DilutedAverageShares | 277.66M | 192.55M | 165.66M | 113.21M |
| BasicAverageShares | 277.66M | 192.55M | 136.71M | 113.21M |
| DilutedEPS | -15.23 | -6.06 | 2.64 | -12.98 |
| BasicEPS | -15.23 | -6.06 | 3.14 | -12.98 |
| DilutedNIAvailtoComStockholders | -4.23B | -1.17B | 437.64M | -1.47B |
| AverageDilutionEarnings | 0.00 | 0.00 | 8.52M | 0.00 |
| NetIncomeCommonStockholders | -4.23B | -1.17B | 429.12M | -1.47B |
| PreferredStockDividends | 381.37M | |||
| NetIncome | -3.85B | -1.17B | 429.12M | -1.47B |
| NetIncomeIncludingNoncontrollingInterests | -3.85B | -1.17B | 429.12M | -1.47B |
| NetIncomeContinuousOperations | -3.85B | -1.17B | 429.12M | -1.47B |
| TaxProvision | -1.68B | -767.68M | -553.65M | 147.33M |
| PretaxIncome | -5.53B | -1.93B | -124.53M | -1.32B |
| OtherIncomeExpense | -5.42B | -1.81B | -76.37M | -1.28B |
| OtherNonOperatingIncomeExpenses | -16.60M | 3.51M | -5.20M | 6.41M |
| SpecialIncomeCharges | -5.40B | -1.81B | -71.17M | -1.29B |
| OtherSpecialCharges | 22.93M | -44.69M | ||
| ImpairmentOfCapitalAssets | 5.40B | 1.79B | 115.85M | 1.29B |
| NetNonOperatingInterestIncomeExpense | -64.97M | -61.94M | -48.96M | -53.14M |
| TotalOtherFinanceCost | 53.14M | 29.15M | ||
| InterestExpenseNonOperating | 64.97M | 61.94M | 48.96M | 53.14M |
| OperatingIncome | -40.91M | -63.12M | 804.00K | 10.54M |
| OperatingExpense | 368.73M | 397.10M | 385.51M | 385.73M |
| ResearchAndDevelopment | 93.86M | 118.49M | 120.53M | 127.43M |
| SellingGeneralAndAdministration | 274.87M | 278.62M | 264.98M | 258.30M |
| SellingAndMarketingExpense | 122.96M | 138.08M | 149.67M | 146.88M |
| GeneralAndAdministrativeExpense | 151.91M | 140.54M | 115.31M | 111.42M |
| OtherGandA | 151.91M | 140.54M | 115.31M | 111.42M |
| GrossProfit | 327.82M | 333.99M | 386.32M | 396.27M |
| CostOfRevenue | 149.42M | 129.47M | 109.94M | 102.99M |
| TotalRevenue | 477.23M | 463.46M | 496.26M | 499.26M |
| OperatingRevenue | 419.56M | 399.15M | 420.42M | 413.76M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | 86.84M | 86.84M | 86.84M |
| PreferredSharesNumber | 78.18M | |||
| OrdinarySharesNumber | 312.06M | 245.78M | 168.68M | 115.49M |
| ShareIssued | 312.06M | 245.78M | 255.52M | 202.33M |
| NetDebt | 5.89B | 7.15B | 2.14B | 2.34B |
| TotalDebt | 8.24B | 7.25B | 2.24B | 2.45B |
| TangibleBookValue | -14.73B | -5.68B | -1.46B | -2.22B |
| InvestedCapital | 52.31B | 25.42B | 4.35B | 2.00B |
| WorkingCapital | 2.11B | -103.06M | -55.38M | -52.84M |
| NetTangibleAssets | -7.81B | -5.68B | -1.46B | -2.22B |
| CapitalLeaseObligations | 46.13M | 56.40M | 61.09M | 67.34M |
| CommonStockEquity | 44.12B | 18.23B | 2.16B | -383.12M |
| PreferredStockEquity | 6.92B | |||
| TotalCapitalization | 59.20B | 25.42B | 4.35B | 2.00B |
| TotalEquityGrossMinorityInterest | 51.04B | 18.23B | 2.16B | -383.12M |
| StockholdersEquity | 51.04B | 18.23B | 2.16B | -383.12M |
| GainsLossesNotAffectingRetainedEarnings | -5.17M | -15.38M | -11.44M | -13.80M |
| OtherEquityAdjustments | -5.17M | -15.38M | -11.44M | -13.80M |
| TreasuryStock | 0.00 | 0.00 | 782.10M | 782.10M |
| RetainedEarnings | 6.32B | -2.17B | -999.23M | -1.43B |
| AdditionalPaidInCapital | 37.81B | 20.41B | 3.96B | 1.84B |
| CapitalStock | 6.92B | 246.00K | 26.00K | 20.00K |
| CommonStock | 312.00K | 246.00K | 26.00K | 20.00K |
| PreferredStock | 6.92B | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 10.60B | 7.61B | 2.60B | 2.79B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 10.14B | 7.26B | 2.27B | 2.48B |
| OtherNonCurrentLiabilities | 4.74M | 5.38M | 22.21M | 17.12M |
| NonCurrentDeferredLiabilities | 1.93B | 5.38M | 8.88M | 12.96M |
| NonCurrentDeferredRevenue | 5.45M | 4.97M | 8.52M | 12.76M |
| NonCurrentDeferredTaxesLiabilities | 1.93B | 407.00K | 357.00K | 198.00K |
| LongTermDebtAndCapitalLeaseObligation | 8.20B | 7.25B | 2.24B | 2.45B |
| LongTermCapitalLeaseObligation | 46.13M | 56.40M | 61.09M | 67.34M |
| LongTermDebt | 8.16B | 7.19B | 2.18B | 2.38B |
| CurrentLiabilities | 456.49M | 355.38M | 323.27M | 317.40M |
| CurrentDeferredLiabilities | 272.12M | 237.97M | 228.16M | 217.43M |
| CurrentDeferredRevenue | 272.12M | 237.97M | 228.16M | 217.43M |
| CurrentDebtAndCapitalLeaseObligation | 31.31M | 517.00K | 483.00K | 454.00K |
| CurrentDebt | 31.31M | 517.00K | 483.00K | 454.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 69.99M | 58.36M | 50.05M | 53.72M |
| PayablesAndAccruedExpenses | 83.08M | 58.53M | 44.58M | 45.80M |
| CurrentAccruedExpenses | 5.62M | 5.55M | 1.49M | 2.83M |
| InterestPayable | 5.62M | 5.55M | 1.49M | 2.83M |
| Payables | 77.46M | 52.98M | 43.09M | 42.98M |
| DividendsPayable | 27.12M | 0.00 | ||
| AccountsPayable | 50.34M | 52.98M | 43.09M | 42.98M |
| TotalAssets | 61.64B | 25.84B | 4.76B | 2.41B |
| TotalNonCurrentAssets | 59.08B | 25.59B | 4.49B | 2.15B |
| OtherNonCurrentAssets | 142.58M | 75.79M | 24.30M | 23.92M |
| NonCurrentPrepaidAssets | 15.82M | |||
| NonCurrentDeferredAssets | 4.51M | 1.53B | 757.57M | 188.15M |
| NonCurrentDeferredTaxesAssets | 4.51M | 1.53B | 757.57M | 188.15M |
| GoodwillAndOtherIntangibleAssets | 58.85B | 23.91B | 3.63B | 1.84B |
| OtherIntangibleAssets | 58.85B | 23.91B | 3.63B | 1.84B |
| NetPPE | 75.83M | 80.89M | 86.28M | 93.61M |
| AccumulatedDepreciation | -117.72M | -133.32M | -130.46M | -125.32M |
| GrossPPE | 193.55M | 214.21M | 216.75M | 218.93M |
| Leases | 31.99M | 29.55M | 29.94M | 28.75M |
| OtherProperties | 46.98M | 54.56M | 57.34M | 61.30M |
| MachineryFurnitureEquipment | 114.59M | 130.10M | 129.46M | 128.87M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 2.56B | 252.32M | 267.89M | 264.57M |
| OtherCurrentAssets | 55.05M | 31.22M | 35.41M | 24.42M |
| RestrictedCash | 1.87M | 1.78M | 1.86M | 7.03M |
| PrepaidAssets | 14.25M | |||
| Receivables | 205.75M | 181.20M | 183.81M | 189.28M |
| AccountsReceivable | 205.75M | 181.20M | 183.81M | 189.28M |
| AllowanceForDoubtfulAccountsReceivable | -3.35M | -2.19M | -3.07M | -2.56M |
| GrossAccountsReceivable | 209.09M | 183.39M | 186.88M | 191.84M |
| CashCashEquivalentsAndShortTermInvestments | 2.30B | 38.12M | 46.82M | 43.84M |
| CashAndCashEquivalents | 2.30B | 38.12M | 46.82M | 43.84M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -22.58B | -22.14B | -1.89B | -287.20M |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | ||
| RepaymentOfDebt | -712.00K | -516.35M | -160.55M | -246.00K |
| IssuanceOfDebt | 2.03B | 6.21B | 0.00 | 215.79M |
| IssuanceOfCapitalStock | 23.31B | 16.36B | 2.03B | 46.59M |
| CapitalExpenditure | -22.51B | -22.09B | -1.91B | -290.41M |
| InterestPaidSupplementalData | 46.52M | 44.57M | 41.23M | 43.45M |
| IncomeTaxPaidSupplementalData | 13.13M | 1.06M | 30.32M | 21.97M |
| EndCashPosition | 2.30B | 39.90M | 48.67M | 50.87M |
| BeginningCashPosition | 39.90M | 48.67M | 50.87M | 64.43M |
| EffectOfExchangeRateChanges | -544.00K | -2.15M | 444.00K | -3.38M |
| ChangesInCash | 2.26B | -6.63M | -2.64M | -10.19M |
| FinancingCashFlow | 24.84B | 22.13B | 1.89B | 265.19M |
| CashFlowFromContinuingFinancingActivities | 24.84B | 22.13B | 1.89B | 265.19M |
| NetOtherFinancingCharges | -161.05M | -116.37M | -13.26M | -2.82M |
| ProceedsFromStockOptionExercised | 47.59M | 188.59M | 34.47M | 5.87M |
| CashDividendsPaid | -381.37M | 0.00 | 0.00 | |
| PreferredStockDividendPaid | -381.37M | 0.00 | 0.00 | |
| NetPreferredStockIssuance | 7.04B | 0.00 | 0.00 | |
| PreferredStockIssuance | 7.04B | 0.00 | 0.00 | |
| NetCommonStockIssuance | 16.27B | 16.36B | 2.03B | 46.59M |
| CommonStockPayments | 0.00 | 0.00 | ||
| CommonStockIssuance | 16.27B | 16.36B | 2.03B | 46.59M |
| NetIssuancePaymentsOfDebt | 2.03B | 5.70B | -160.55M | 215.55M |
| NetLongTermDebtIssuance | 2.03B | 5.70B | -160.55M | 215.55M |
| LongTermDebtPayments | -712.00K | -516.35M | -160.55M | -246.00K |
| LongTermDebtIssuance | 2.03B | 6.21B | 0.00 | 215.79M |
| InvestingCashFlow | -22.51B | -22.09B | -1.91B | -278.59M |
| CashFlowFromContinuingInvestingActivities | -22.51B | -22.09B | -1.91B | -278.59M |
| NetInvestmentPurchaseAndSale | 0.00 | 0.00 | ||
| SaleOfInvestment | 0.00 | 0.00 | ||
| PurchaseOfInvestment | 0.00 | 0.00 | ||
| NetIntangiblesPurchaseAndSale | -22.47B | -22.07B | -1.90B | -276.10M |
| SaleOfIntangibles | 0.00 | 0.00 | 11.82M | 0.00 |
| PurchaseOfIntangibles | -22.47B | -22.07B | -1.90B | -287.92M |
| NetPPEPurchaseAndSale | -45.21M | -13.48M | -2.94M | -2.49M |
| PurchaseOfPPE | -45.21M | -13.48M | -2.94M | -2.49M |
| OperatingCashFlow | -67.24M | -53.03M | 12.71M | 3.21M |
| CashFlowFromContinuingOperatingActivities | -67.24M | -53.03M | 12.71M | 3.21M |
| ChangeInWorkingCapital | -55.19M | -42.06M | -19.67M | -36.61M |
| ChangeInOtherWorkingCapital | -54.56M | -33.51M | -9.64M | 2.50M |
| ChangeInOtherCurrentLiabilities | -9.76M | -13.35M | -7.76M | -17.83M |
| ChangeInPayablesAndAccruedExpense | 6.63M | 5.33M | -1.97M | -2.19M |
| ChangeInAccruedExpense | 70.00K | 4.19M | -1.34M | 1.34M |
| ChangeInInterestPayable | 70.00K | 4.19M | -1.34M | 1.34M |
| ChangeInPayable | 6.56M | 1.14M | -634.00K | -3.52M |
| ChangeInAccountPayable | 6.56M | 1.14M | -634.00K | -3.52M |
| ChangeInPrepaidAssets | -17.91M | -6.86M | -11.99M | -13.80M |
| ChangeInReceivables | 20.41M | 6.34M | 11.69M | -5.29M |
| ChangesInAccountReceivables | 20.41M | 6.34M | 11.69M | -5.29M |
| OtherNonCashItems | 37.96M | 23.81M | 17.45M | 16.77M |
| StockBasedCompensation | 53.37M | 77.12M | 69.57M | 63.62M |
| UnrealizedGainLossOnInvestmentSecurities | 5.40B | 0.00 | 0.00 | |
| ProvisionandWriteOffofAssets | 649.00K | 1.39M | 939.00K | 1.51M |
| AssetImpairmentCharge | 0.00 | 1.79B | 115.85M | 1.29B |
| DeferredTax | -1.68B | -775.85M | -569.46M | 131.13M |
| DeferredIncomeTax | -1.68B | -775.85M | -569.46M | 131.13M |
| DepreciationAmortizationDepletion | 25.52M | 17.81M | 14.53M | 10.87M |
| DepreciationAndAmortization | 25.52M | 17.81M | 14.53M | 10.87M |
| OperatingGainsLosses | 22.93M | -44.69M | ||
| NetIncomeFromContinuingOperations | -3.85B | -1.17B | 429.12M | -1.47B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for MSTR
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|