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.

1. Analyst consensus
$378.71
Mean price target
2. Current target
$138.46
Latest analyst target
3. DCF / Fair value
$-192.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$138.46
Low
$175.00
High
$705.00
Mean
$378.71

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
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 Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.64B-719.68M-14.94M-270.12M
TaxRateForCalcs0.300.400.210.21
NormalizedEBITDA-31.99M-41.80M10.13M27.83M
TotalUnusualItems-5.40B-1.81B-71.17M-1.29B
TotalUnusualItemsExcludingGoodwill-5.40B-1.81B-71.17M-1.29B
NetIncomeFromContinuingOperationNetMinorityInterest-3.85B-1.17B429.12M-1.47B
ReconciledDepreciation25.52M17.81M14.53M10.87M
ReconciledCostOfRevenue149.42M129.47M109.94M102.99M
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
InterestExpense64.97M61.94M48.96M53.14M
NormalizedIncome-87.33M-73.55M485.34M-453.63M
NetIncomeFromContinuingAndDiscontinuedOperation-3.85B-1.17B429.12M-1.47B
TotalExpenses518.14M526.57M495.46M488.72M
TotalOperatingIncomeAsReported-5.44B-1.85B-115.05M-1.28B
DilutedAverageShares277.66M192.55M165.66M113.21M
BasicAverageShares277.66M192.55M136.71M113.21M
DilutedEPS-15.23-6.062.64-12.98
BasicEPS-15.23-6.063.14-12.98
DilutedNIAvailtoComStockholders-4.23B-1.17B437.64M-1.47B
AverageDilutionEarnings0.000.008.52M0.00
NetIncomeCommonStockholders-4.23B-1.17B429.12M-1.47B
PreferredStockDividends381.37M
NetIncome-3.85B-1.17B429.12M-1.47B
NetIncomeIncludingNoncontrollingInterests-3.85B-1.17B429.12M-1.47B
NetIncomeContinuousOperations-3.85B-1.17B429.12M-1.47B
TaxProvision-1.68B-767.68M-553.65M147.33M
PretaxIncome-5.53B-1.93B-124.53M-1.32B
OtherIncomeExpense-5.42B-1.81B-76.37M-1.28B
OtherNonOperatingIncomeExpenses-16.60M3.51M-5.20M6.41M
SpecialIncomeCharges-5.40B-1.81B-71.17M-1.29B
OtherSpecialCharges22.93M-44.69M
ImpairmentOfCapitalAssets5.40B1.79B115.85M1.29B
NetNonOperatingInterestIncomeExpense-64.97M-61.94M-48.96M-53.14M
TotalOtherFinanceCost53.14M29.15M
InterestExpenseNonOperating64.97M61.94M48.96M53.14M
OperatingIncome-40.91M-63.12M804.00K10.54M
OperatingExpense368.73M397.10M385.51M385.73M
ResearchAndDevelopment93.86M118.49M120.53M127.43M
SellingGeneralAndAdministration274.87M278.62M264.98M258.30M
SellingAndMarketingExpense122.96M138.08M149.67M146.88M
GeneralAndAdministrativeExpense151.91M140.54M115.31M111.42M
OtherGandA151.91M140.54M115.31M111.42M
GrossProfit327.82M333.99M386.32M396.27M
CostOfRevenue149.42M129.47M109.94M102.99M
TotalRevenue477.23M463.46M496.26M499.26M
OperatingRevenue419.56M399.15M420.42M413.76M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber0.0086.84M86.84M86.84M
PreferredSharesNumber78.18M
OrdinarySharesNumber312.06M245.78M168.68M115.49M
ShareIssued312.06M245.78M255.52M202.33M
NetDebt5.89B7.15B2.14B2.34B
TotalDebt8.24B7.25B2.24B2.45B
TangibleBookValue-14.73B-5.68B-1.46B-2.22B
InvestedCapital52.31B25.42B4.35B2.00B
WorkingCapital2.11B-103.06M-55.38M-52.84M
NetTangibleAssets-7.81B-5.68B-1.46B-2.22B
CapitalLeaseObligations46.13M56.40M61.09M67.34M
CommonStockEquity44.12B18.23B2.16B-383.12M
PreferredStockEquity6.92B
TotalCapitalization59.20B25.42B4.35B2.00B
TotalEquityGrossMinorityInterest51.04B18.23B2.16B-383.12M
StockholdersEquity51.04B18.23B2.16B-383.12M
GainsLossesNotAffectingRetainedEarnings-5.17M-15.38M-11.44M-13.80M
OtherEquityAdjustments-5.17M-15.38M-11.44M-13.80M
TreasuryStock0.000.00782.10M782.10M
RetainedEarnings6.32B-2.17B-999.23M-1.43B
AdditionalPaidInCapital37.81B20.41B3.96B1.84B
CapitalStock6.92B246.00K26.00K20.00K
CommonStock312.00K246.00K26.00K20.00K
PreferredStock6.92B0.000.000.00
TotalLiabilitiesNetMinorityInterest10.60B7.61B2.60B2.79B
TotalNonCurrentLiabilitiesNetMinorityInterest10.14B7.26B2.27B2.48B
OtherNonCurrentLiabilities4.74M5.38M22.21M17.12M
NonCurrentDeferredLiabilities1.93B5.38M8.88M12.96M
NonCurrentDeferredRevenue5.45M4.97M8.52M12.76M
NonCurrentDeferredTaxesLiabilities1.93B407.00K357.00K198.00K
LongTermDebtAndCapitalLeaseObligation8.20B7.25B2.24B2.45B
LongTermCapitalLeaseObligation46.13M56.40M61.09M67.34M
LongTermDebt8.16B7.19B2.18B2.38B
CurrentLiabilities456.49M355.38M323.27M317.40M
CurrentDeferredLiabilities272.12M237.97M228.16M217.43M
CurrentDeferredRevenue272.12M237.97M228.16M217.43M
CurrentDebtAndCapitalLeaseObligation31.31M517.00K483.00K454.00K
CurrentDebt31.31M517.00K483.00K454.00K
PensionandOtherPostRetirementBenefitPlansCurrent69.99M58.36M50.05M53.72M
PayablesAndAccruedExpenses83.08M58.53M44.58M45.80M
CurrentAccruedExpenses5.62M5.55M1.49M2.83M
InterestPayable5.62M5.55M1.49M2.83M
Payables77.46M52.98M43.09M42.98M
DividendsPayable27.12M0.00
AccountsPayable50.34M52.98M43.09M42.98M
TotalAssets61.64B25.84B4.76B2.41B
TotalNonCurrentAssets59.08B25.59B4.49B2.15B
OtherNonCurrentAssets142.58M75.79M24.30M23.92M
NonCurrentPrepaidAssets15.82M
NonCurrentDeferredAssets4.51M1.53B757.57M188.15M
NonCurrentDeferredTaxesAssets4.51M1.53B757.57M188.15M
GoodwillAndOtherIntangibleAssets58.85B23.91B3.63B1.84B
OtherIntangibleAssets58.85B23.91B3.63B1.84B
NetPPE75.83M80.89M86.28M93.61M
AccumulatedDepreciation-117.72M-133.32M-130.46M-125.32M
GrossPPE193.55M214.21M216.75M218.93M
Leases31.99M29.55M29.94M28.75M
OtherProperties46.98M54.56M57.34M61.30M
MachineryFurnitureEquipment114.59M130.10M129.46M128.87M
Properties0.000.000.000.00
CurrentAssets2.56B252.32M267.89M264.57M
OtherCurrentAssets55.05M31.22M35.41M24.42M
RestrictedCash1.87M1.78M1.86M7.03M
PrepaidAssets14.25M
Receivables205.75M181.20M183.81M189.28M
AccountsReceivable205.75M181.20M183.81M189.28M
AllowanceForDoubtfulAccountsReceivable-3.35M-2.19M-3.07M-2.56M
GrossAccountsReceivable209.09M183.39M186.88M191.84M
CashCashEquivalentsAndShortTermInvestments2.30B38.12M46.82M43.84M
CashAndCashEquivalents2.30B38.12M46.82M43.84M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-22.58B-22.14B-1.89B-287.20M
RepurchaseOfCapitalStock0.000.00
RepaymentOfDebt-712.00K-516.35M-160.55M-246.00K
IssuanceOfDebt2.03B6.21B0.00215.79M
IssuanceOfCapitalStock23.31B16.36B2.03B46.59M
CapitalExpenditure-22.51B-22.09B-1.91B-290.41M
InterestPaidSupplementalData46.52M44.57M41.23M43.45M
IncomeTaxPaidSupplementalData13.13M1.06M30.32M21.97M
EndCashPosition2.30B39.90M48.67M50.87M
BeginningCashPosition39.90M48.67M50.87M64.43M
EffectOfExchangeRateChanges-544.00K-2.15M444.00K-3.38M
ChangesInCash2.26B-6.63M-2.64M-10.19M
FinancingCashFlow24.84B22.13B1.89B265.19M
CashFlowFromContinuingFinancingActivities24.84B22.13B1.89B265.19M
NetOtherFinancingCharges-161.05M-116.37M-13.26M-2.82M
ProceedsFromStockOptionExercised47.59M188.59M34.47M5.87M
CashDividendsPaid-381.37M0.000.00
PreferredStockDividendPaid-381.37M0.000.00
NetPreferredStockIssuance7.04B0.000.00
PreferredStockIssuance7.04B0.000.00
NetCommonStockIssuance16.27B16.36B2.03B46.59M
CommonStockPayments0.000.00
CommonStockIssuance16.27B16.36B2.03B46.59M
NetIssuancePaymentsOfDebt2.03B5.70B-160.55M215.55M
NetLongTermDebtIssuance2.03B5.70B-160.55M215.55M
LongTermDebtPayments-712.00K-516.35M-160.55M-246.00K
LongTermDebtIssuance2.03B6.21B0.00215.79M
InvestingCashFlow-22.51B-22.09B-1.91B-278.59M
CashFlowFromContinuingInvestingActivities-22.51B-22.09B-1.91B-278.59M
NetInvestmentPurchaseAndSale0.000.00
SaleOfInvestment0.000.00
PurchaseOfInvestment0.000.00
NetIntangiblesPurchaseAndSale-22.47B-22.07B-1.90B-276.10M
SaleOfIntangibles0.000.0011.82M0.00
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-53.03M12.71M3.21M
CashFlowFromContinuingOperatingActivities-67.24M-53.03M12.71M3.21M
ChangeInWorkingCapital-55.19M-42.06M-19.67M-36.61M
ChangeInOtherWorkingCapital-54.56M-33.51M-9.64M2.50M
ChangeInOtherCurrentLiabilities-9.76M-13.35M-7.76M-17.83M
ChangeInPayablesAndAccruedExpense6.63M5.33M-1.97M-2.19M
ChangeInAccruedExpense70.00K4.19M-1.34M1.34M
ChangeInInterestPayable70.00K4.19M-1.34M1.34M
ChangeInPayable6.56M1.14M-634.00K-3.52M
ChangeInAccountPayable6.56M1.14M-634.00K-3.52M
ChangeInPrepaidAssets-17.91M-6.86M-11.99M-13.80M
ChangeInReceivables20.41M6.34M11.69M-5.29M
ChangesInAccountReceivables20.41M6.34M11.69M-5.29M
OtherNonCashItems37.96M23.81M17.45M16.77M
StockBasedCompensation53.37M77.12M69.57M63.62M
UnrealizedGainLossOnInvestmentSecurities5.40B0.000.00
ProvisionandWriteOffofAssets649.00K1.39M939.00K1.51M
AssetImpairmentCharge0.001.79B115.85M1.29B
DeferredTax-1.68B-775.85M-569.46M131.13M
DeferredIncomeTax-1.68B-775.85M-569.46M131.13M
DepreciationAmortizationDepletion25.52M17.81M14.53M10.87M
DepreciationAndAmortization25.52M17.81M14.53M10.87M
OperatingGainsLosses22.93M-44.69M
NetIncomeFromContinuingOperations-3.85B-1.17B429.12M-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