MSTR
Strategy, Inc.
NASDAQ · Technology · Software - Application · US
$143.01
+5.44%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 497.5M | 477.2M | 463.5M | 496.3M | 499.3M |
| Cost of Revenue | 153.3M | 149.4M | 129.5M | 109.9M | 103.0M |
| Gross Profit | 344.2M | 327.8M | 334.0M | 386.3M | 396.3M |
| Operating Expenses | |||||
| R&D Expense | 95.9M | 93.9M | 118.5M | 120.5M | 127.4M |
| SG&A Expense | 284.0M | 274.9M | 278.6M | 265.0M | 258.3M |
| General & Admin Expense | 149.1M | 151.9M | 140.5M | 115.3M | 111.4M |
| Selling & Marketing Expense | 134.9M | 123.0M | 138.1M | 149.7M | 146.9M |
| Other Expenses | (12.6B) | — | 1.8B | 115.9M | 1.3B |
| Total Operating Expenses | (12.2B) | 368.7M | 2.2B | 501.4M | 1.7B |
| Cost and Expenses | (12.1B) | 518.1M | 2.3B | 611.3M | 1.8B |
| Operating Income (EBIT) | 33.5B | (40.9M) | (1.9B) | (115.0M) | (1.3B) |
| Non-Operating | |||||
| Interest Income | 95.3M | — | — | — | — |
| Interest Expense | 1.8M | 65.0M | 61.9M | 49.0M | 53.1M |
| Net Interest Income | 31.1M | (65.0M) | (61.9M) | (49.0M) | (53.1M) |
| Other Non-Op Income/Expense | (14.3B) | (5.5B) | (81.4M) | (9.5M) | (46.7M) |
| Non-Operating Income (excl Interest) | (160.8M) | 5.4B | 19.4M | (39.5M) | (6.4M) |
| EBT (Pre-Tax Income) | 19.2B | (5.5B) | (1.9B) | (124.5M) | (1.3B) |
| Income Tax Expense | 897.4M | (1.7B) | (767.7M) | (553.6M) | 147.3M |
| Bottom Line | |||||
| Net Income | 17.9B | (3.8B) | (1.2B) | 429.1M | (1.5B) |
| Earnings from Cont. Ops | 17.9B | (3.8B) | (1.2B) | 429.1M | (1.5B) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 16.8B | (4.2B) | (1.2B) | 437.6M | (1.5B) |
| Per Share | |||||
| Basic EPS | $33.24 | ($13.89) | ($6.06) | $3.14 | ($12.98) |
| Diluted EPS | $27.18 | ($15.23) | ($6.06) | $2.64 | ($12.98) |
| Revenue Per Share | $1.24 | $1.62 | $2.41 | $3.63 | $4.41 |
| Shares | |||||
| Basic Shares Outstanding | 400.1M | 294.0M | 192.5M | 136.7M | 113.2M |
| Diluted Shares Outstanding | 428.0M | 294.0M | 192.5M | 165.7M | 113.2M |
| Profitability Metrics | |||||
| EBITDA | 33.7B | (5.4B) | (1.9B) | (61.0M) | (1.3B) |
| D&A | 21.1M | 25.5M | 17.8M | 14.5M | 10.9M |
| EBIT | 12.7B | (5.5B) | (1.9B) | (75.6M) | (1.3B) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Oct 1, 2026