MSTR
Strategy Inc
Stock
$160.01−0.49 (−0.31%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $498M | $477M | $463M | $496M | $499M | $511M | $481M | $486M | $498M | $504M | $514M | $530M | $580M | $576M | $566M | $537M | $455M | $378M |
| Cost of revenue | $161M | $149M | $129M | $110M | $103M | $92M | $91M | $100M | $99M | $97M | $93M | $101M | $135M | $139M | $141M | $131M | $106M | $67M |
| Gross profit | $337M | $328M | $334M | $386M | $396M | $419M | $390M | $386M | $398M | $407M | $420M | $429M | $445M | $437M | $425M | $406M | $348M | $311M |
| R&D | $93M | $94M | $118M | $121M | $127M | $117M | $104M | $109M | $102M | $79M | $73M | $65M | $103M | $98M | $88M | $68M | $51M | $42M |
| SG&A | $284M | $275M | $279M | $265M | $258M | $256M | $229M | $278M | $292M | $255M | $238M | $229M | $321M | $320M | $303M | $318M | $247M | $183M |
| Other operating expenses | $36.3B | $5.4B | $1.8B | $116M | $1.3B | $831M | $71M | — | — | — | — | — | $15M | — | — | — | — | — |
| Operating income | −$36.4B | −$5.4B | −$1.9B | −$115M | −$1.3B | −$785M | −$14M | −$1.0M | $4.0M | $73M | $110M | $134M | $5.1M | $19M | $33M | $21M | $51M | $86M |
| Non-operating income | $83M | −$82M | −$81M | −$9.5M | −$47M | −$27M | −$6.3M | $39M | $17M | −$1.7M | $5.4M | $3.8M | $5.9M | −$2.7M | −$892K | $4.3M | $4.4M | −$504K |
| Pretax income | −$36.3B | −$5.5B | −$1.9B | −$125M | −$1.3B | −$811M | −$20M | $38M | $20M | $71M | $115M | $138M | $11M | $17M | $32M | $25M | $55M | $86M |
| Taxes | −$5.9B | −$1.7B | −$768M | −$554M | $147M | −$276M | −$12M | $3.9M | −$2.0M | $53M | $23M | $32M | $6.0M | −$67M | $12M | $7.3M | $11M | $11M |
| Net income | −$30.4B | −$3.8B | −$1.2B | $429M | −$1.5B | −$535M | −$7.5M | $34M | $23M | $18M | $92M | $106M | $5.0M | $83M | $21M | $18M | $44M | $75M |
| Diluted EPS | −$108.67 | −$15.23 | −$6.06 | $2.64 | −$12.98 | −$5.34 | −$0.08 | $0.33 | $0.20 | $0.16 | $0.80 | $0.92 | $0.04 | $0.74 | $0.18 | $0.16 | $0.37 | $0.61 |
| Diluted shares | — | 277.7M | 192.5M | 165.7M | 113.2M | 100.2M | 96.8M | 103.3M | 114.1M | 115.5M | 115.2M | 115.4M | 113.6M | 113.0M | 111.7M | 110.7M | 117.8M | 122.8M |
| Revenue growth | — | +3.0% | −6.6% | −0.6% | −2.3% | +6.2% | −1.1% | −2.3% | −1.2% | −1.9% | −3.1% | −8.6% | +0.7% | +1.8% | +5.3% | +18.2% | +20.3% | — |
| Gross margin | 67.6% | 68.7% | 72.1% | 77.8% | 79.4% | 82.0% | 81.1% | 79.4% | 80.0% | 80.8% | 81.9% | 80.9% | 76.7% | 75.9% | 75.1% | 75.7% | 76.7% | 82.4% |
| Operating margin | −7,295.4% | −1,140.8% | −399.8% | −23.2% | −255.5% | −153.6% | −2.8% | −0.2% | 0.8% | 14.5% | 21.3% | 25.3% | 0.9% | 3.4% | 5.9% | 3.9% | 11.1% | 22.8% |
| Net margin | −6,103.0% | −806.3% | −251.7% | 86.5% | −294.4% | −104.8% | −1.6% | 7.1% | 4.5% | 3.6% | 18.0% | 20.0% | 0.9% | 14.5% | 3.6% | 3.3% | 9.6% | 19.8% |