Symbols / MSTR Stock $195.94 +4.45% Strategy Inc

Technology • Software - Application • United States • NMS
MSTR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Phong Q. Le
Exch · Country NMS · United States
Market Cap 68.67B
Enterprise Value 83.70B
Income -12.77B
Sales 490.47M
FCF (ttm) -8.70B
Book/sh 141.39
Cash/sh 6.30
Employees 1,511
Insider 10d —
IPO Jun 11, 1998
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 50.38
PEG 2.85
P/S 140.00
P/B 1.39
P/C —
EV/EBITDA -5.98
EV/Sales 170.66
Quick Ratio 5.93
Current Ratio 6.05
Debt/Eq 18.09
LT Debt/Eq —
EPS (ttm) -36.99
EPS next Y 3.89
EPS Growth —
Revenue Growth 11.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-05-05
ROA -17.81%
ROE -30.76%
ROIC —
Gross Margin 68.11%
Oper. Margin -116.42%
Profit Margin 0.00%
Shs Outstand 330.81M
Shs Float 330.03M
Insider Own 0.20%
Instit Own 61.03%
Short Float 11.39%
Short Ratio 2.04
Short Interest 37.20M
52W High 457.22
vs 52W High -57.15%
52W Low 104.17
vs 52W Low 88.10%
Beta 3.60
Impl. Vol. 70.30%
Rel Volume 0.75
Avg Volume 19.32M
Volume 14.53M
Target (mean) $380.43
Tgt Median $347.50
Tgt Low $212.00
Tgt High $645.00
# Analysts 14
Recom Strong_buy
Prev Close $187.59
Price $195.94
Change 4.45%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$380.43
Mean price target
2. Current target
$195.94
Latest analyst target
3. DCF / Fair value
$-473.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$195.94
Low
$212.00
High
$645.00
Mean
$380.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-11 reit Cantor Fitzgerald Overweight → Overweight $212
2026-05-07 main Canaccord Genuity Buy → Buy $224
2026-05-07 main TD Cowen Buy → Buy $395
2026-05-06 main Benchmark Buy → Buy $570
2026-05-06 main BTIG Buy → Buy $350
2026-04-21 main Cantor Fitzgerald Overweight → Overweight $212
2026-04-10 main TD Cowen Buy → Buy $350
2026-04-08 reit BTIG Buy → Buy $250
2026-03-18 main Citigroup Buy → Buy $260
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 —
News
RSS: Latest MSTR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-04 PATTEN JARROD MICHAEL Director — 2,000 $181.00 $366,500
2026-05-04 PATTEN JARROD MICHAEL Director — 2,000 $18.65 $37,308
2026-05-01 PATTEN JARROD MICHAEL Director — 4,000 $161.61 $676,700
2026-05-01 PATTEN JARROD MICHAEL Director — 4,000 $18.65 $74,616
2026-04-22 PATTEN JARROD MICHAEL Director — 2,000 $175.00 $356,312
2026-04-22 PATTEN JARROD MICHAEL Director — 2,000 $18.65 $37,308
2026-04-21 PATTEN JARROD MICHAEL Director — 2,000 $165.42 $336,420
2026-04-21 PATTEN JARROD MICHAEL Director — 2,000 $18.65 $37,308
2026-04-13 PATTEN JARROD MICHAEL Director — 3,400 $129.86 $444,193
2026-04-13 PATTEN JARROD MICHAEL Director — 3,400 $18.65 $63,424
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
477.23
+2.97%
463.46
-6.61%
496.26
-0.60%
499.26
Operating Revenue
419.56
+5.11%
399.15
-5.06%
420.42
+1.61%
413.76
Cost Of Revenue
149.42
+15.41%
129.47
+17.76%
109.94
+6.75%
102.99
Reconciled Cost Of Revenue
149.42
+15.41%
129.47
+17.76%
109.94
+6.75%
102.99
Gross Profit
327.82
-1.85%
333.99
-13.55%
386.32
-2.51%
396.27
Operating Expense
368.73
-7.15%
397.10
+3.01%
385.51
-0.06%
385.73
Research And Development
93.86
-20.78%
118.49
-1.70%
120.53
-5.41%
127.43
Selling General And Administration
274.87
-1.35%
278.62
+5.15%
264.98
+2.59%
258.30
Selling And Marketing Expense
122.96
-10.95%
138.08
-7.74%
149.67
+1.90%
146.88
General And Administrative Expense
151.91
+8.09%
140.54
+21.88%
115.31
+3.49%
111.42
Other Gand A
151.91
+8.09%
140.54
+21.88%
115.31
+3.49%
111.42
Total Expenses
518.14
-1.60%
526.57
+6.28%
495.46
+1.38%
488.72
Operating Income
-40.91
+35.18%
-63.12
-7950.25%
0.80
-92.37%
10.54
Total Operating Income As Reported
-5,444.39
-193.82%
-1,852.98
-1510.63%
-115.05
+90.98%
-1,275.74
EBITDA
-5,435.47
-193.08%
-1,854.60
-2938.43%
-61.04
+95.15%
-1,258.45
Normalized EBITDA
-31.99
+23.47%
-41.80
-512.78%
10.13
-63.61%
27.83
Reconciled Depreciation
25.52
+43.29%
17.81
+22.59%
14.53
+33.59%
10.87
EBIT
-5,460.99
-191.66%
-1,872.40
-2377.87%
-75.56
+94.05%
-1,269.33
Total Unusual Items
-5,403.48
-198.07%
-1,812.80
-2447.31%
-71.17
+94.47%
-1,286.29
Total Unusual Items Excluding Goodwill
-5,403.48
-198.07%
-1,812.80
-2447.31%
-71.17
+94.47%
-1,286.29
Special Income Charges
-5,403.48
-198.07%
-1,812.80
-2447.31%
-71.17
+94.47%
-1,286.29
Other Special Charges
—
22.93
+151.32%
-44.69
—
Impairment Of Capital Assets
5,403.48
+201.89%
1,789.86
+1444.97%
115.85
-90.99%
1,286.29
Net Income
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Pretax Income
-5,525.95
-185.68%
-1,934.35
-1453.38%
-124.53
+90.58%
-1,322.46
Net Non Operating Interest Income Expense
-64.97
-4.89%
-61.94
-26.51%
-48.96
+7.86%
-53.14
Interest Expense Non Operating
64.97
+4.89%
61.94
+26.51%
48.96
-7.86%
53.14
Net Interest Income
-64.97
-4.89%
-61.94
-26.51%
-48.96
+7.86%
-53.14
Interest Expense
64.97
+4.89%
61.94
+26.51%
48.96
-7.86%
53.14
Other Income Expense
-5,420.08
-199.57%
-1,809.29
-2269.14%
-76.37
+94.03%
-1,279.87
Other Non Operating Income Expenses
-16.60
-573.50%
3.51
+167.37%
-5.20
-181.15%
6.41
Tax Provision
-1,677.80
-118.55%
-767.68
-38.66%
-553.65
-475.78%
147.33
Tax Rate For Calcs
0.00
-23.43%
0.00
+89.05%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-1,642.66
-128.25%
-719.68
-4715.63%
-14.94
+94.47%
-270.12
Net Income Including Noncontrolling Interests
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Net Income From Continuing Operation Net Minority Interest
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Net Income From Continuing And Discontinued Operation
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Net Income Continuous Operations
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Normalized Income
-87.33
-18.75%
-73.55
-115.15%
485.34
+206.99%
-453.63
Net Income Common Stockholders
-4,229.52
-262.53%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Diluted EPS
-15.23
-151.32%
-6.06
-329.37%
2.64
+120.35%
-12.98
Basic EPS
-15.23
-151.32%
-6.06
-293.06%
3.14
+124.18%
-12.98
Basic Average Shares
277.66
+44.20%
192.55
+40.84%
136.71
+20.76%
113.21
Diluted Average Shares
277.66
+44.20%
192.55
+16.23%
165.66
+46.33%
113.21
Diluted NI Availto Com Stockholders
-4,229.52
-262.53%
-1,166.66
-366.58%
437.64
+129.78%
-1,469.80
Average Dilution Earnings
0.00
0.00
-100.00%
8.52
0.00
Preferred Stock Dividends
381.37
—
—
—
Total Other Finance Cost
—
—
—
53.14
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
25,843.69
+442.65%
4,762.53
+97.59%
2,410.27
—
Current Assets
252.32
-5.81%
267.89
+1.26%
264.57
—
Cash Cash Equivalents And Short Term Investments
38.12
-18.58%
46.82
+6.80%
43.84
—
Cash And Cash Equivalents
38.12
-18.58%
46.82
+6.80%
43.84
—
Receivables
181.20
-1.42%
183.81
-2.89%
189.28
—
Accounts Receivable
181.20
-1.42%
183.81
-2.89%
189.28
—
Gross Accounts Receivable
183.39
-1.87%
186.88
-2.59%
191.84
—
Allowance For Doubtful Accounts Receivable
-2.19
+28.71%
-3.07
-19.70%
-2.56
—
Prepaid Assets
—
—
—
14.25
Restricted Cash
1.78
-4.09%
1.86
-73.61%
7.03
—
Other Current Assets
31.22
-11.81%
35.41
+45.00%
24.42
—
Total Non Current Assets
25,591.36
+469.38%
4,494.63
+109.47%
2,145.71
—
Net PPE
80.89
-6.25%
86.28
-7.83%
93.61
—
Gross PPE
214.21
-1.17%
216.75
-1.00%
218.93
—
Accumulated Depreciation
-133.32
-2.19%
-130.46
-4.11%
-125.32
—
Properties
0.00
0.00
0.00
—
Machinery Furniture Equipment
130.10
+0.49%
129.46
+0.46%
128.87
—
Other Properties
54.56
-4.85%
57.34
-6.45%
61.30
—
Leases
29.55
-1.33%
29.94
+4.13%
28.75
—
Goodwill And Other Intangible Assets
23,909.37
+559.30%
3,626.48
+97.09%
1,840.03
—
Other Intangible Assets
23,909.37
+559.30%
3,626.48
+97.09%
1,840.03
—
Non Current Deferred Assets
1,525.31
+101.34%
757.57
+302.64%
188.15
—
Non Current Deferred Taxes Assets
1,525.31
+101.34%
757.57
+302.64%
188.15
—
Non Current Prepaid Assets
—
—
—
15.82
Other Non Current Assets
75.79
+211.91%
24.30
+1.61%
23.92
—
Total Liabilities Net Minority Interest
7,613.70
+193.11%
2,597.56
-7.01%
2,793.39
—
Current Liabilities
355.38
+9.93%
323.27
+1.85%
317.40
—
Payables And Accrued Expenses
58.53
+31.29%
44.58
-2.67%
45.80
—
Payables
52.98
+22.96%
43.09
+0.27%
42.98
—
Accounts Payable
52.98
+22.96%
43.09
+0.27%
42.98
—
Dividends Payable
0.00
—
—
—
Current Accrued Expenses
5.55
+271.67%
1.49
-47.23%
2.83
—
Pensionand Other Post Retirement Benefit Plans Current
58.36
+16.62%
50.05
-6.83%
53.72
—
Current Debt And Capital Lease Obligation
0.52
+7.04%
0.48
+6.39%
0.45
—
Current Debt
0.52
+7.04%
0.48
+6.39%
0.45
—
Current Deferred Liabilities
237.97
+4.30%
228.16
+4.94%
217.43
—
Current Deferred Revenue
237.97
+4.30%
228.16
+4.94%
217.43
—
Total Non Current Liabilities Net Minority Interest
7,258.32
+219.15%
2,274.28
-8.15%
2,475.99
—
Long Term Debt And Capital Lease Obligation
7,247.56
+223.09%
2,243.19
-8.29%
2,445.90
—
Long Term Debt
7,191.16
+229.55%
2,182.11
-8.26%
2,378.56
—
Long Term Capital Lease Obligation
56.40
-7.67%
61.09
-9.29%
67.34
—
Non Current Deferred Liabilities
5.38
-39.46%
8.88
-31.48%
12.96
—
Non Current Deferred Revenue
4.97
-41.69%
8.52
-33.21%
12.76
—
Non Current Deferred Taxes Liabilities
0.41
+14.01%
0.36
+80.30%
0.20
—
Other Non Current Liabilities
5.38
-75.78%
22.21
+29.69%
17.12
—
Stockholders Equity
18,229.98
+742.04%
2,164.97
+665.09%
-383.12
—
Common Stock Equity
18,229.98
+742.04%
2,164.97
+665.09%
-383.12
—
Capital Stock
0.25
+846.15%
0.03
+30.00%
0.02
—
Common Stock
0.25
+846.15%
0.03
+30.00%
0.02
—
Preferred Stock
0.00
0.00
0.00
—
Share Issued
245.78
-3.81%
255.52
+26.29%
202.33
—
Ordinary Shares Number
245.78
+45.71%
168.68
+46.06%
115.49
—
Treasury Shares Number
0.00
-100.00%
86.84
+0.00%
86.84
+0.00%
86.84
Additional Paid In Capital
20,412.00
+415.75%
3,957.73
+114.96%
1,841.12
—
Retained Earnings
-2,166.88
-116.85%
-999.23
+30.04%
-1,428.36
—
Gains Losses Not Affecting Retained Earnings
-15.38
-34.43%
-11.44
+17.08%
-13.80
—
Treasury Stock
0.00
-100.00%
782.10
+0.00%
782.10
—
Other Equity Adjustments
-15.38
-34.43%
-11.44
+17.08%
-13.80
—
Total Equity Gross Minority Interest
18,229.98
+742.04%
2,164.97
+665.09%
-383.12
—
Total Capitalization
25,421.14
+484.79%
4,347.08
+117.85%
1,995.44
—
Working Capital
-103.06
-86.10%
-55.38
-4.81%
-52.84
—
Invested Capital
25,421.66
+484.73%
4,347.56
+117.83%
1,995.89
—
Total Debt
7,248.08
+223.04%
2,243.68
-8.29%
2,446.36
—
Net Debt
7,153.56
+234.94%
2,135.77
-8.54%
2,335.18
—
Capital Lease Obligations
56.40
-7.67%
61.09
-9.29%
67.34
—
Net Tangible Assets
-5,679.39
-288.60%
-1,461.50
+34.26%
-2,223.15
—
Tangible Book Value
-5,679.39
-288.60%
-1,461.50
+34.26%
-2,223.15
—
Interest Payable
5.55
+271.67%
1.49
-47.23%
2.83
—
Preferred Shares Number
—
—
—
—
Preferred Stock Equity
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-67.24
-26.79%
-53.03
-517.18%
12.71
+295.89%
3.21
Cash Flow From Continuing Operating Activities
-67.24
-26.79%
-53.03
-517.18%
12.71
+295.89%
3.21
Net Income From Continuing Operations
-3,848.15
-229.84%
-1,166.66
-371.87%
429.12
+129.20%
-1,469.80
Depreciation Amortization Depletion
25.52
+43.29%
17.81
+22.59%
14.53
+33.59%
10.87
Depreciation And Amortization
25.52
+43.29%
17.81
+22.59%
14.53
+33.59%
10.87
Other Non Cash Items
37.96
+59.43%
23.81
+36.44%
17.45
+4.09%
16.77
Stock Based Compensation
53.37
-30.80%
77.12
+10.86%
69.57
+9.36%
63.62
Provisionand Write Offof Assets
—
0.65
-53.21%
1.39
+47.71%
0.94
Asset Impairment Charge
0.00
-100.00%
1,789.86
+1444.97%
115.85
-90.99%
1,286.29
Deferred Tax
-1,684.22
-117.08%
-775.85
-36.24%
-569.46
-534.26%
131.13
Deferred Income Tax
-1,684.22
-117.08%
-775.85
-36.24%
-569.46
-534.26%
131.13
Operating Gains Losses
—
22.93
+151.32%
-44.69
—
Unrealized Gain Loss On Investment Securities
5,403.48
0.00
0.00
—
Change In Working Capital
-55.19
-31.23%
-42.06
-113.84%
-19.67
+46.28%
-36.61
Change In Receivables
20.41
+222.01%
6.34
-45.81%
11.69
+320.98%
-5.29
Changes In Account Receivables
20.41
+222.01%
6.34
-45.81%
11.69
+320.98%
-5.29
Change In Prepaid Assets
-17.91
-160.96%
-6.86
+42.75%
-11.99
+13.10%
-13.80
Change In Payables And Accrued Expense
6.63
+24.32%
5.33
+370.76%
-1.97
+9.84%
-2.19
Change In Accrued Expense
0.07
-98.33%
4.19
+413.85%
-1.34
-200.00%
1.34
Change In Payable
6.56
+475.02%
1.14
+279.97%
-0.63
+81.99%
-3.52
Change In Account Payable
6.56
+475.02%
1.14
+279.97%
-0.63
+81.99%
-3.52
Change In Other Working Capital
-54.56
-62.79%
-33.51
-247.73%
-9.64
-486.29%
2.50
Change In Other Current Liabilities
-9.76
+26.90%
-13.35
-71.96%
-7.76
+56.46%
-17.83
Investing Cash Flow
-22,512.29
-1.93%
-22,086.24
-1059.24%
-1,905.24
-583.89%
-278.59
Cash Flow From Continuing Investing Activities
-22,512.29
-1.93%
-22,086.24
-1059.24%
-1,905.24
-583.89%
-278.59
Net PPE Purchase And Sale
-45.21
-235.45%
-13.48
-358.75%
-2.94
-18.18%
-2.49
Purchase Of PPE
-45.21
-235.45%
-13.48
-358.75%
-2.94
-18.18%
-2.49
Capital Expenditure
-22,512.29
-1.93%
-22,086.24
-1059.24%
-1,905.24
-556.06%
-290.41
Net Investment Purchase And Sale
—
—
—
0.00
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
—
—
—
0.00
Net Intangibles Purchase And Sale
-22,467.08
-1.79%
-22,072.76
-1060.32%
-1,902.30
-588.98%
-276.10
Purchase Of Intangibles
-22,467.08
-1.79%
-22,072.76
-1060.32%
-1,902.30
-560.70%
-287.92
Financing Cash Flow
24,843.53
+12.25%
22,132.64
+1071.11%
1,889.89
+612.66%
265.19
Cash Flow From Continuing Financing Activities
24,843.53
+12.25%
22,132.64
+1071.11%
1,889.89
+612.66%
265.19
Net Issuance Payments Of Debt
2,030.29
-64.36%
5,697.40
+3648.76%
-160.55
-174.48%
215.55
Issuance Of Debt
2,031.00
-67.31%
6,213.75
0.00
-100.00%
215.79
Repayment Of Debt
-0.71
+99.86%
-516.35
-221.62%
-160.55
-65162.60%
-0.25
Long Term Debt Issuance
2,031.00
-67.31%
6,213.75
0.00
-100.00%
215.79
Long Term Debt Payments
-0.71
+99.86%
-516.35
-221.62%
-160.55
-65162.60%
-0.25
Net Long Term Debt Issuance
2,030.29
-64.36%
5,697.40
+3648.76%
-160.55
-174.48%
215.55
Net Common Stock Issuance
16,271.96
-0.56%
16,363.02
+706.37%
2,029.21
+4255.28%
46.59
Common Stock Payments
—
—
—
0.00
Cash Dividends Paid
-381.37
0.00
0.00
—
Repurchase Of Capital Stock
—
—
—
0.00
Proceeds From Stock Option Exercised
47.59
-74.77%
188.59
+447.07%
34.47
+487.67%
5.87
Net Other Financing Charges
-161.05
-38.39%
-116.37
-777.95%
-13.26
-370.54%
-2.82
Changes In Cash
2,263.99
+34257.98%
-6.63
-151.16%
-2.64
+74.10%
-10.19
Effect Of Exchange Rate Changes
-0.54
+74.67%
-2.15
-583.78%
0.44
+113.16%
-3.38
Beginning Cash Position
39.90
-18.03%
48.67
-4.32%
50.87
-21.05%
64.43
End Cash Position
2,303.34
+5673.23%
39.90
-18.03%
48.67
-4.32%
50.87
Free Cash Flow
-22,579.54
-1.99%
-22,139.27
-1069.83%
-1,892.53
-558.97%
-287.20
Interest Paid Supplemental Data
46.52
+4.38%
44.57
+8.11%
41.23
-5.11%
43.45
Income Tax Paid Supplemental Data
13.13
+1140.04%
1.06
-96.51%
30.32
+37.98%
21.97
Change In Interest Payable
0.07
-98.33%
4.19
+413.85%
-1.34
-200.00%
1.34
Common Stock Issuance
16,271.96
-0.56%
16,363.02
+706.37%
2,029.21
+4255.28%
46.59
Net Preferred Stock Issuance
7,036.11
0.00
0.00
—
Preferred Stock Dividend Paid
-381.37
0.00
0.00
—
Preferred Stock Issuance
7,036.11
0.00
0.00
—
Sale Of Intangibles
—
0.00
0.00
-100.00%
11.82
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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