MicroStrategy (MSTR) is trading up at $164.43 (+2.76%) on NASDAQ, as of the latest quote. It is a Nasdaq-100 constituent in the Information Technology sector.
MicroStrategy revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $513.6M | $503.8M | $497.6M | $486.3M | $480.7M | $510.8M | $499.3M | $496.3M | $463.5M | $477.2M |
| Growth (year over year) | −3.1% | −1.9% | −1.2% | −2.3% | −1.1% | +6.2% | −2.3% | −0.6% | −6.6% | +3.0% |
| Gross profit | $420.4M | $407.2M | $398.1M | $386.4M | $389.7M | $418.9M | $396.3M | $386.3M | $334.0M | $327.8M |
| Gross margin | 81.9% | 80.8% | 80.0% | 79.4% | 81.1% | 82.0% | 79.4% | 77.8% | 72.1% | 68.7% |
| Operating income | $109.5M | $73.2M | $3.98M | −$1.00M | −$13.6M | −$784.5M | −$1.28B | −$115.0M | −$1.85B | −$5.44B |
| Operating margin | 21.3% | 14.5% | 0.8% | −0.2% | −2.8% | −153.6% | −255.5% | −23.2% | −399.8% | −1140.8% |
| Net income | $92.2M | $18.2M | $22.5M | $34.4M | −$7.52M | −$535.5M | −$1.47B | $429.1M | −$1.17B | −$3.85B |
| Net margin | 18.0% | 3.6% | 4.5% | 7.1% | −1.6% | −104.8% | −294.4% | 86.5% | −251.7% | −806.3% |
| EPS (diluted) | $0.80 | $0.16 | $0.20 | $0.33 | −$0.08 | −$5.34 | −$12.98 | $2.64 | −$6.06 | −$15.23 |
| Balance sheet | ||||||||||
| Cash and equivalents | $402.0M | $420.2M | $109.9M | $456.7M | $59.7M | $63.4M | $43.8M | $46.8M | $38.1M | $2.30B |
| Total assets | $768.3M | $933.2M | $855.8M | $916.6M | $1.47B | $3.56B | $2.41B | $4.76B | $25.8B | $61.6B |
| Total liabilities | $216.1M | $327.5M | $326.0M | $408.0M | $912.6M | $2.58B | $2.79B | $2.60B | $7.61B | $10.6B |
| Long-term debt | — | — | — | — | $486.4M | $2.16B | $2.38B | $2.18B | $7.19B | $8.16B |
| Shareholders' equity | $566.3M | $605.7M | $529.7M | $508.6M | $446.2M | $979.0M | −$383.1M | $2.16B | — | $44.1B |
| Cash flow | ||||||||||
| Operating cash flow | $110.6M | $78.3M | $10.6M | $60.9M | $53.6M | $93.8M | $3.21M | $12.7M | −$53.0M | −$67.2M |
| Capital expenditure | $2.34M | $3.98M | $6.85M | $10.2M | $3.65M | $2.71M | $2.49M | $2.94M | $2.98M | $8.21M |
| Free cash flow | $108.3M | $74.3M | $3.78M | $50.7M | $50.0M | $91.1M | $725.0K | $9.77M | −$56.0M | −$75.5M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — |
| Share buybacks | $0 | $0 | $111.0M | $72.7M | $123.2M | $0 | $0 | — | — | — |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $116.1M | $120.7M | $111.1M | $114.5M | $128.7M | $123.0M | $124.3M | $122.4M |
| Growth (year over year) | −10.3% | −3.0% | −3.6% | +2.7% | +10.9% | +1.9% | +11.9% | +6.9% |
| Gross profit | $81.7M | $86.5M | $77.1M | $78.7M | $90.7M | $81.3M | $83.4M | $81.5M |
| Gross margin | 70.4% | 71.7% | 69.4% | 68.8% | 70.5% | 66.1% | 67.1% | 66.6% |
| Operating income | −$432.6M | −$1.02B | −$5.92B | $14.0B | $3.89B | −$17.4B | −$14.5B | −$8.33B |
| Operating margin | −372.7% | −842.1% | −5331.4% | 12256.3% | 3023.4% | −14185.0% | −11641.5% | −6808.1% |
| Net income | −$340.2M | −$670.8M | −$4.22B | $10.0B | $2.79B | −$12.4B | −$12.5B | −$8.22B |
| Net margin | −293.1% | −555.8% | −3797.2% | 8752.7% | 2164.1% | −10112.1% | −10090.6% | −6717.1% |
| EPS (diluted) | −$1.72 | −$3.46 | −$16.49 | $32.60 | $8.42 | −$39.76 | −$38.25 | −$24.45 |
| Balance sheet | ||||||||
| Cash and equivalents | $46.3M | $38.1M | $60.3M | $50.1M | $54.3M | $2.30B | $2.21B | $1.71B |
| Total assets | $8.34B | $25.8B | $43.9B | $64.8B | $73.6B | $61.6B | $54.3B | $52.6B |
| Total liabilities | $4.57B | $7.61B | $10.4B | $14.4B | $15.5B | $10.6B | $8.63B | $7.24B |
| Long-term debt | $4.21B | $7.19B | $8.14B | $8.16B | $8.17B | $8.16B | $8.17B | $6.67B |
| Shareholders' equity | $3.77B | — | $32.2B | $47.5B | $52.3B | $44.1B | $36.7B | $30.9B |
| Cash flow | ||||||||
| Operating cash flow | −$41.0M | −$17.3M | −$2.39M | −$34.9M | −$8.31M | −$21.6M | $14.0M | −$4.14M |
| Capital expenditure | $426.0K | $284.0K | $2.74M | $2.09M | $2.80M | $584.0K | $952.0K | $1.77M |
| Free cash flow | −$41.4M | −$17.6M | −$5.13M | −$37.0M | −$11.1M | −$22.2M | $13.0M | −$5.91M |
From MicroStrategy's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About MicroStrategy
Strategy Inc., stylized as Strategy₿ and formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Business Objects, IBM Cognos, and Oracle Corporation's BI Platform. Saylor is the executive chairman and, from 1989 to 2022, was the CEO.
Source: Wikipedia — MicroStrategy
- Headquarters
- Tysons Corner, Virginia From SEC filings, Oct 2026
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