Strategy Inc MSTR NDX
Technology · Software - Application · United States
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.
READ MORE ›$159.09
-56.89% 1Y
Market & Price
Market Cap
$55.86B
Current Price
$159.09
High / Low (52W)
$455.90 / $106.99
Beta
3.60
Valuation
Stock P/E
-
Industry PE
32.74
Forward P/E
35.65
PEG Ratio
2.85
Book Value
$105.95
Price to Book
1.50
P/S
113.89
EV/EBITDA
-5.06
Dividend Yield
-
Profitability & Returns
ROCE
-8.93%
ROE
-30.76%
ROA
-17.81%
Profit Margin
0.00%
Op Margin
-
EPS (Latest Qtr)
$-38.25
EPS (TTM)
$-36.99
Balance Sheet & Liquidity
Debt/Equity
0.18
Quick Ratio
5.93
Current Ratio
6.05
Debt
$8.26B
Total Assets
$61.64B
Current Assets
$2.56B
Working Capital
$2.11B
Ownership
Promoter Holding
0.21%
Chg in Prom Hold
-
FII / Inst Holding
64.02%
Chg in FII Hold
-0.00%
Financial Snapshot
Enterprise Value
$70.79B
Total Revenue (TTM)
$490.47M
EBITDA
$-13.99B
Free Cash Flow
$-8.70B
Operating Cash Flow
$-50.86M
Shares Outstanding
331.47M
Gross Margin
68.11%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
-1.49%
Profit 5Y
-53.94%
Revenue (YoY)
11.90%
Earnings (YoY)
-
PROS
No notable strengths flagged.
CONS
- Revenue declined at -1.5% CAGR over 5 years.
- Earnings shrank at -53.9% CAGR over 5 years.
- Trading 65.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSTR Strategy Inc NDX | 159.09 | - | $55.86B | - | -8.93% | -30.76% | -1.49% | -53.94% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 122.23M | 119.22M | 126.01M | 136.38M | 122.97M | 120.60M | 122.15M | 131.92M | 115.37M | 117.74M | 119.69M | 133.53M | 111.42M | 110.58M | 127.41M | 131.32M | 122.90M | 125.35M | 127.99M | - | 119.28M | 122.07M | 125.36M | - | 121.92M | 120.40M | 129.46M | - | 115.25M | 111.44M | - | - | 111.07M | 114.49M | 128.69M | 122.99M | 124.30M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.97M | 35.75M | 38.01M | 41.68M | 40.95M |
| Gross Profit | 99.04M | 106.96M | 116.82M | 99.10M | 94.84M | 101.62M | 111.63M | 97.78M | 95.56M | 98.76M | 106.03M | 89.19M | 92.39M | 95.88M | 108.89M | 86.88M | 86.59M | 105.67M | 110.53M | 100.35M | 102.31M | 105.67M | - | 93.60M | 96.87M | 99.97M | - | 93.97M | 93.28M | 102.80M | - | 85.23M | 80.51M | - | - | 77.09M | 78.74M | 90.68M | 81.31M | 83.35M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.50M | 94.26M | 90.68M | 91.28M | 98.29M |
| Operating Income | 21.08M | 30.01M | - | 20.84M | 14.08M | 21.17M | - | 715.00K | -1.80M | 7.22M | - | -10.39M | -4.83M | 4.59M | - | -72.00K | 6.33M | -20.27M | - | -183.15M | -414.25M | -49.66M | - | -169.96M | -918.12M | 6.06M | - | -20.31M | -26.71M | -25.25M | - | -203.70M | -200.27M | - | - | -15.41M | -15.52M | -5.00K | -9.97M | -14.94M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.83M | 14.03B | 3.89B | -17.44B | -6.16M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.46M | 17.11M | 17.90M | 18.89M | 11.07M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.94B | 14.01B | 3.87B | -17.46B | -14.47B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.73B | 3.98B | 1.09B | -5.02B | -1.92B |
| Net Income | 18.88M | 26.63M | 31.12M | 15.56M | 9.95M | 18.18M | -25.50M | 1.67M | 4.83M | 12.70M | 3.30M | -7.91M | 20.39M | 9.70M | 12.17M | 657.00K | 3.39M | -14.23M | 2.66M | -110.02M | -299.35M | -36.14M | -89.98M | -130.75M | -1.06B | -27.08M | -249.67M | 461.19M | 22.24M | -143.44M | 89.13M | -53.12M | -102.56M | - | - | -4.22B | 10.02B | 2.79B | -12.44B | -12.54B |
| Diluted EPS | 1.64 | 2.31 | 2.69 | 1.34 | 0.86 | 1.58 | -2.23 | 0.15 | 0.42 | 1.10 | 0.30 | -0.77 | 1.98 | 0.94 | 1.18 | 0.07 | 0.35 | -1.48 | 0.27 | -11.40 | -30.71 | -3.61 | - | -11.58 | -94.01 | -2.39 | - | 31.79 | 1.52 | -1.01 | - | -0.31 | -0.57 | - | - | -16.49 | 32.60 | 8.42 | -42.93 | -38.25 |
| R&D Expense | 19.16M | 18.07M | - | 18.43M | 19.56M | 19.36M | - | 23.56M | 25.08M | 25.83M | - | 28.21M | 27.76M | 27.46M | - | 26.10M | 25.87M | 26.64M | - | 29.48M | 28.55M | 28.21M | - | 33.52M | 31.79M | 30.50M | - | 31.36M | 29.35M | 29.66M | - | 29.18M | 30.31M | 33.30M | - | 24.42M | 24.07M | 22.60M | - | 24.66M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 513.59M | 503.84M | 497.64M | 486.33M | 480.74M | - | 499.26M | 496.26M | 463.46M | 477.23M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 102.99M | 109.94M | 129.47M | 149.42M |
| Gross Profit | 311.19M | 348.49M | 406.47M | 424.65M | 437.32M | 444.62M | 428.76M | 420.44M | 407.19M | 398.14M | 386.35M | 389.68M | - | 396.27M | 386.32M | 333.99M | 327.82M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 385.73M | 385.51M | 397.10M | 368.73M |
| Operating Income | 86.30M | 50.59M | 20.87M | 33.10M | 19.44M | 5.10M | 134.02M | 109.51M | 73.22M | 3.98M | -1.00M | -13.62M | - | 10.54M | 804.00K | -63.12M | -40.91M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.26B | -61.04M | -1.85B | -5.44B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 53.14M | 48.96M | 61.94M | 64.97M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.32B | -124.53M | -1.93B | -5.53B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 147.33M | -553.65M | -767.68M | -1.68B |
| Net Income | 74.84M | 43.79M | 17.94M | 20.55M | 83.33M | 5.04M | 105.93M | 92.24M | 18.20M | 22.50M | 34.35M | -7.52M | - | -1.47B | 429.12M | -1.17B | -3.85B |
| Diluted EPS | 6.09 | 3.72 | 1.62 | 1.84 | 7.37 | 0.44 | 9.18 | 8.01 | 1.58 | 1.97 | 3.33 | -0.78 | - | -12.98 | 2.64 | -6.06 | -15.23 |
| R&D Expense | 41.80M | 50.57M | 67.86M | 88.19M | 98.06M | 103.36M | 65.21M | 73.14M | 78.77M | 102.50M | 109.42M | 103.56M | 117.12M | 127.43M | 120.53M | 118.49M | 93.86M |
Compounded Sales Growth
| 5 Years: | -1.49% |
| 1 Year: | 11.90% |
Compounded Profit Growth
| 5 Years: | -53.94% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -56.89% |
| 6 Months: | -7.61% |
| 3 Months: | +22.85% |
| 1 Month: | +0.57% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 381.57M | 453.85M | 477.94M | 585.51M | 558.80M | 656.89M | 768.32M | 933.22M | 855.77M | 916.57M | 1.47B | - | 2.41B | 4.76B | 25.84B | 61.64B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 264.57M | 267.89M | 252.32M | 2.56B |
| Cash & Equivalents | 122.92M | 224.77M | 174.10M | 199.63M | 224.39M | 220.17M | 146.92M | 292.34M | 401.98M | 420.24M | 109.92M | 456.73M | 59.67M | - | 43.84M | 46.82M | 38.12M | 2.30B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 189.28M | 183.81M | 181.20M | 205.75M |
| Total Liabilities | - | - | 232.39M | 284.87M | 277.63M | 275.19M | 234.33M | 201.61M | 216.14M | 327.49M | 326.04M | 408.01M | 912.57M | - | 2.79B | 2.60B | 7.61B | 10.60B |
| Current Liabilities | - | - | 186.57M | 218.39M | 219.16M | 233.52M | 197.30M | 172.66M | 185.49M | 270.94M | 258.27M | 269.82M | 285.62M | - | 317.40M | 323.27M | 355.38M | 456.49M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 486.37M | - | 2.38B | 2.18B | 7.19B | 8.16B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.45B | 2.24B | 7.25B | 8.24B |
| Total Equity | 138.04M | 214.23M | 149.17M | 168.98M | 200.31M | 310.33M | 324.47M | 455.28M | 566.32M | 605.73M | 529.73M | 508.56M | 446.19M | - | -383.12M | 2.16B | 18.23B | 51.04B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 202.33M | 255.52M | 245.78M | 312.06M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 96.44M | 75.83M | 60.81M | 49.88M | 29.93M | 14.60M | 149.70M | 110.59M | 78.32M | 10.63M | 60.87M | 53.62M | - | 3.21M | 12.71M | -53.03M | -67.24M |
| Investing Cash Flow | 2.64M | -17.43M | -36.18M | -35.83M | -54.93M | -82.11M | -7.68M | 4.34M | -69.73M | -209.06M | 353.69M | -1.02B | - | -278.59M | -1.91B | -22.09B | -22.51B |
| Financing Cash Flow | 2.06M | -107.10M | 2.46M | 9.76M | 21.64M | -1.47M | 9.18M | -1.00M | 1.66M | -108.52M | -66.15M | 563.23M | - | 265.19M | 1.89B | 22.13B | 24.84B |
| Capital Expenditure | -18.27M | -16.29M | -36.69M | -29.62M | -11.04M | -12.40M | -3.48M | -2.34M | -3.98M | -6.85M | -10.18M | -3.65M | - | -290.41M | -1.91B | -22.09B | -22.51B |
| Free Cash Flow | 78.18M | 59.54M | 24.12M | 20.26M | 18.89M | 2.20M | 146.22M | 108.25M | 74.34M | 3.78M | 50.69M | 49.97M | - | -287.20M | -1.89B | -22.14B | -22.58B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -10.19M | -2.64M | -6.63M | 2.26B |
| Share Buybacks | 0 | 108.99M | 0 | 0 | - | - | - | 0 | 0 | 110.98M | 72.72M | 123.22M | 0 | 0 | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 81.9% | 80.8% | 80.0% | 79.4% | 81.1% | - | 79.4% | 77.8% | 72.1% | 68.7% |
| Operating Margin % | - | - | - | - | - | - | - | 21.3% | 14.5% | 0.8% | -0.2% | -2.8% | - | 2.1% | 0.2% | -13.6% | -8.6% |
| Net Margin % | - | - | - | - | - | - | - | 18.0% | 3.6% | 4.5% | 7.1% | -1.6% | - | -294.4% | 86.5% | -251.7% | -806.3% |
| ROE % | 34.9% | 29.4% | 10.6% | 10.3% | 26.9% | 1.6% | 23.3% | 16.3% | 3.0% | 4.2% | 6.8% | -1.7% | - | 383.6% | 19.8% | -6.4% | -7.5% |
| ROCE % | - | 25.9% | 8.9% | 12.8% | 5.5% | 1.4% | 27.7% | 18.8% | 11.1% | 0.7% | -0.2% | -1.2% | - | 0.5% | 0.0% | -0.2% | -0.1% |
Shareholding Pattern
Insiders
0.21%
Institutions
64.02%
Public Float
64.15%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Capital International Investors | 9.50% | 31.44M | $5.00B |
| 2 | Blackrock Inc. | 5.37% | 17.75M | $2.82B |
| 3 | Vanguard Portfolio Management LLC | 4.46% | 14.74M | $2.35B |
| 4 | Vanguard Capital Management LLC | 4.26% | 14.08M | $2.24B |
| 5 | Morgan Stanley | 2.81% | 9.29M | $1.48B |
| 6 | Capital Research Global Investors | 2.30% | 7.62M | $1.21B |
| 7 | State Street Corporation | 2.12% | 7.02M | $1.12B |
| 8 | UBS Group AG | 1.91% | 6.31M | $1.00B |
| 9 | Geode Capital Management, LLC | 1.41% | 4.66M | $740.70M |
| 10 | Capital World Investors | 1.29% | 4.28M | $681.24M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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