Symbols / MSTR $139.67 +1.70%
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 | 46.62B |
| Enterprise Value | 59.48B | 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 | 2.03 | PEG | — |
| P/S | 97.68 | P/B | 0.99 | P/C | — |
| EV/EBITDA | -10.93 | EV/Sales | 124.64 | Quick Ratio | 5.52 |
| Current Ratio | 5.62 | Debt/Eq | 16.16 | LT Debt/Eq | — |
| EPS (ttm) | -15.22 | 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 | 11.53% | Short Ratio | 1.46 |
| Short Interest | — | 52W High | 457.22 | 52W Low | 104.17 |
| Beta | 3.63 | Avg Volume | 22.03M | Volume | 23.69M |
| Target Price | $378.71 | Recom | Strong_buy | Prev Close | $137.34 |
| Price | $139.67 | Change | 1.70% |
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 hu, 12 Mar 2026 14
- $MSTR stock rose 4% this week. Here's what we see in our data. - Quiver Quantitative Sat, 14 Mar 2026 16
- Why Is Strategy (MSTR) Stock Rocketing Higher Today - Yahoo Finance Wed, 04 Mar 2026 08
- How Strategy’s Preferred Stock Funded Bitcoin Buying Spree Will Impact Strategy (MSTR) Investors - simplywall.st Sat, 14 Mar 2026 23
- What's Happening With MSTR Stock? - Forbes Fri, 30 Jan 2026 08
- Strategy (MSTR) Short Interest Is Surging: What Bears Know That Bulls Don’t - 24/7 Wall St. Wed, 11 Mar 2026 12
- Strive (ASST) Raises Dividend, Adds Bitcoin and Strategy (MSTR) Preferred Stock to Balance Sheet - Bitcoin Magazine Wed, 11 Mar 2026 14
- Why Strategy Stock (MSTR) Is Up Today and What B. Riley Expects From Here - TipRanks Fri, 13 Mar 2026 15
- 1 Thing That Could Send Strategy Stock Soaring in 2026 - The Motley Fool Wed, 11 Mar 2026 12
- KuCoin Launches 24/7 Tesla & MicroStrategy Stock Index Perpetuals - Eudaimonia and Co Sat, 14 Mar 2026 08
- 3 Trending Crypto Stocks to Watch: BMNR, CRCL and MSTR, What to Expect This Week - CoinGape Sun, 15 Mar 2026 21
- Analyst predicts 25% upside for Saylor's MicroStrategy stock - thestreet.com ue, 10 Mar 2026 19
- MSTR, ASST Gain After Hours – B. Riley Says Bitcoin Must Outrun Dividend Costs - Stocktwits Fri, 13 Mar 2026 13
- Strategy Inc $MSTR Shares Purchased by Elequin Capital LP - MarketBeat Sun, 15 Mar 2026 11
- Strategy's (MSTR) 1 millionth bitcoin (BTC): Here's how it could happen this year - CoinDesk Sat, 14 Mar 2026 14
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 |
|---|