Strategy Inc (MSTR): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 11:35 ET
Strategy Inc (MSTR) closed at $129.60 on 15 September 2026, down 5.4%. The stock is up 39.3% over one month and down 60.9% over one year. It trades 64.5% below its 52-week high of $365.21. Analysts recorded 18 actions in the last 90 days; the median price target of $213 is 64.4% above the last close. The company last reported on 30 July 2026 for Q2 2026: EPS of -$24.45 against an estimate of $3.07, a miss of 896.4%, on revenue of $122.4 million.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open MSTR in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 18 analyst actions on MSTR from 11 firms: 16 maintained or reiterated a view and 2 initiations. Price targets were 4 raised and 11 lowered. The most recent targets from 11 firms range from $136 to $435, with a median of $213, 64.4% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 15 Sep 2026 | Barclays | Maintains Overweight | $125.00 to $160.00 |
| 8 Sep 2026 | Canaccord Genuity | Maintains Buy | $175.00 to $179.00 |
| 3 Sep 2026 | B. Riley Securities | Maintains Buy | $155.00 to $175.00 |
| 2 Sep 2026 | Alliance Global Partners | Initiates Coverage On Buy | $217.00 |
| 26 Aug 2026 | Bernstein | Maintains Outperform | $450.00 to $350.00 |
| 25 Aug 2026 | Canaccord Genuity | Maintains Buy | $130.00 to $175.00 |
| 3 Aug 2026 | B. Riley Securities | Maintains Buy | $215.00 to $155.00 |
| 3 Aug 2026 | Cantor Fitzgerald | Maintains Overweight | $212.00 to $186.00 |
| 3 Aug 2026 | Barclays | Maintains Overweight | $130.00 to $125.00 |
| 31 Jul 2026 | Benchmark | Maintains Buy | $570.00 to $435.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 29 October 2026 after the close for Q3 2026, with EPS expected at $16.66 on revenue of $129.6 million. Strategy Inc beat the EPS estimate in 3 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 30 Jul 2026 | $3.07 | -$24.45 | -896.42% | $122.4M |
| Q1 2026 | 5 May 2026 | -$15.87 | -$38.25 | -141.02% | $124.3M |
| Q4 2025 | 5 Feb 2026 | -$18.64 | $16.37 | +187.82% | $123.0M |
| Q3 2025 | 30 Oct 2025 | $5.76 | $8.42 | +46.18% | $128.7M |
| Q2 2025 | 31 Jul 2025 | -$0.07 | $32.52 | +46557.14% | $114.5M |
| Q1 2025 | 1 May 2025 | -$0.02 | -$16.53 | -82550.00% | $111.1M |
| Q4 2024 | 5 Feb 2025 | $0.06 | -$3.20 | -5433.33% | $120.7M |
| Q3 2024 | 30 Oct 2024 | -$0.14 | -$1.56 | -1014.29% | $116.1M |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Strategy Inc reported revenue of $122.4 million and net income of -$8.2 billion. On a trailing twelve month basis the company shows revenue growth of 7.79%, a gross margin of 67.60%, an operating margin of N.A. and a return on equity of -77.62%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $122,368,000 |
| Cost of Revenue | $40,818,000 |
| Gross Profit | $81,550,000 |
| Research and Development | $23,099,000 |
| Selling, General & Administrative Expenses | $74,036,000 |
| Depreciation & Amortization | $12,355,000 |
| Total Operating Expenses | $8,412,500,000 |
| Operating Profit | -$8,330,950,000 |
| Interest Expense | $15,621,000 |
| Pre-tax Income | -$8,218,070,000 |
| Income Tax Expense | $1,558,000 |
| Net Income | -$8,219,628,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | -$4,139,000 |
| Stock-based Compensation | $14,268,000 |
| Cash from Investing Activities | -$7,114,037,000 |
| Capital Expenditures | $1,767,000 |
| Cash from Financing Activities | $6,623,133,000 |
| Free Cash Flow | -$5,906,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $1,711,837,000 |
| Restricted Cash | $1,847,000 |
| Accounts & Notes Receivable, Net | $123,786,000 |
| Prepaid Expenses | $95,015,000 |
| Total Current Assets | $2,668,630,000 |
| Plant, Property & Equipment, Net | $28,344,000 |
| Operating Lease Right-of-Use Assets | $58,226,000 |
| Deferred Tax Asset | $529,433,000 |
| Total Assets | $52,562,592,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $39,814,000 |
| Operating Lease Liabilities, Current | $11,307,000 |
| Income Taxes Payable | $1,800,000 |
| Deferred Liability Charges | $222,858,000 |
| Total Current Liabilities | $495,107,000 |
| Long-term Debt | $6,709,928,000 |
| Operating Lease Liabilities, Long-term | $60,849,000 |
| Long-term Deferred Liability Charges | $3,256,000 |
| Deferred Income Taxes | $1,357,000 |
| Other Liabilities | $4,926,000 |
| Total Liabilities | $7,235,609,000 |
| Retained Earnings | -$15,198,759,000 |
| Other Accumulated Comprehensive Income | -$8,433,000 |
| Total Stockholders Equity | $30,886,088,000 |
| Total Liability & Stockholders Equity | $52,562,592,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 3.46 | 89th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 5.39 | 89th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
| Quick Ratio | 3.71 | 89th | Calculated as the ratio of (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities. The quick ratio is a measure of how well a company can meet its short-term financial liabilities. |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.13 | 60th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.22 | 50th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.18 | 28th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth 3 year CAGR | -400.0% | 61st | The EBIT compound annual growth rate (CAGR) over the past 3 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth 3 year CAGR | 400.0% | 57th | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | -5.3% | 33rd | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 67.6% | 80th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Profit Pct Growth 3 year CAGR (FY) | -400.0% | 0th | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | -126.0% | 2nd | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | -7278.6% | 1st | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | -51.8% | 18th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | -77.6% | 16th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | -66.4% | 12th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | -74.1% | 5th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Pct Growth 3 year CAGR | 400.0% | 96th | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Return on Assets Pct | -0.0% | 44th | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
| Operating Cashflow Pct Growth | -79.0% | 3rd | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | -202.3% | 1st | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth 5 year CAGR | -135.4% | 2nd | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 7.8% | 56th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -0.1% | 34th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | -0.3% | 24th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 16.2% | 59th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open MSTR in FundSpec.
Insider activity
In the last 90 days insiders filed 33 transactions: 10 acquisitions covering 24,225 shares and 23 disposals covering 31,181 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was an acquisition of 11,000 shares by Phong Le, Director, President & CEO on 22 June 2026, worth about $998,756 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 4 Sep 2026 | Thomas C. Chow | EVP & General Counsel | Disposal | 106 | $138.75 | $15K |
| 27 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $131.00 | $121K |
| 27 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $129.00 | $119K |
| 27 Aug 2026 | Jarrod M Patten | Director | Acquisition | 1,850 | $18.24 | $34K |
| 27 Aug 2026 | Jarrod M Patten | Director | Disposal | 1,850 | ||
| 25 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $127.00 | $117K |
| 25 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $125.00 | $116K |
| 25 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $124.00 | $115K |
| 25 Aug 2026 | Jarrod M Patten | Director | Acquisition | 925 | $18.24 | $17K |
| 25 Aug 2026 | Jarrod M Patten | Director | Disposal | 2,775 | ||
| 24 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $122.34 | $113K |
| 24 Aug 2026 | Jarrod M Patten | Director | Acquisition | 925 | $18.24 | $17K |
| 24 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | ||
| 7 Aug 2026 | Jarrod M Patten | Director | Disposal | 1,950 | $101.50 | $198K |
| 7 Aug 2026 | Jarrod M Patten | Director | Disposal | 925 | $104.03 | $96K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 3 August 2026.
| Filed | Form | Document |
|---|---|---|
| 3 Aug 2026 | 10-Q | View on sec.gov |
| 6 May 2026 | 10-Q | View on sec.gov |
| 19 Feb 2026 | 10-K | View on sec.gov |
| 3 Nov 2025 | 10-Q | View on sec.gov |
| 5 Aug 2025 | 10-Q | View on sec.gov |
| 5 May 2025 | 10-Q | View on sec.gov |
| 18 Feb 2025 | 10-K | View on sec.gov |
| 31 Oct 2024 | 10-Q | View on sec.gov |
| 6 Aug 2024 | 10-Q | View on sec.gov |
| 1 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- Nasdaq
- Sector
- Consumer and Specialty Finance
- Industry
- Computer Software
- Headquarters
- Tysons Corner, Virginia
- Chief executive
- Phong Q. Le
- Employees
- 2,150
- Website
- microstrategy.com
- SEC CIK
- 0001050446
MicroStrategy Incorporated provides enterprise analytics software and services worldwide. The company provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform. It serves companies from a range of industries, including retail, consulting, technology, manufacturing, finance, banking, insurance, healthcare, education, and telecommunications.
Sector and peers
Strategy Inc is part of the Consumer and Specialty Finance sector, which FundSpec tracks across 87 companies.
Companies in the same industry by market capitalization:
AXP American Express Co.COIN Coinbase Global, Inc.
Put two of them side by side in Compare.
FundSpec AI trading models
MSTR is traded intraday by 1 FundSpec AI model whose verified winning calls FundSpec publishes.
| Model | Verified wins | Average gain | Best gain | Last win |
|---|---|---|---|---|
| Strategy Inc (MSTR) day trading model | 4,092 | 0.65% | 5.33% | 16 Sep 2026 |
A day trading model learns an entry and exit policy for one stock from its intraday history. The record lists calls that closed with a gain; it is a track record, not a forecast. Read the guide: How FundSpec AI trading models work.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for MSTR are available to subscribers, with the same screen in the iOS and Android apps.
Open MSTR in FundSpec