Strategy Vergangene Ertragsentwicklung
Vergangenheit Kriterienprüfungen 0/6
Die Gewinne von Strategy sind mit einer durchschnittlichen Jahresrate von -19% zurückgegangen, während die Gewinne der Branche Software um 27.2% pro Jahr wuchsen. Die Umsätze sind zurückgegangen mit einer durchschnittlichen Jahresrate von 1.7%.
Wichtige Informationen
-18.99%
Wachstumsrate der Gewinne
-3.19%
EPS-Wachstumsrate
| Software Wachstum der Industrie | 17.33% |
| Wachstumsrate der Einnahmen | -1.69% |
| Eigenkapitalrendite | -26.67% |
| Netto-Marge | -2,604.40% |
| Letzte Ertragsaktualisierung | 31 Mar 2026 |
Jüngste Aktualisierungen vergangener Leistungen
Recent updates
Seeking Alpha • May 21
Strategy's Operating Business Is A Liability, Not An Asset
Summary Since starting on Seeking Alpha I've covered Strategy five times, each time rating it sell or strong sell. The overwhelming majority of my sell ratings were successful, being followed by large price declines in MSTR stock. My most recent MSTR sell rating was a rare exception. It was followed by a slight uptick in the stock's price. That's probably because Bitcoin has increased in price. However, Strategy's indebtedness and dilution have both worsened since my last article published. Additionally, Strategy's operating business is losing increasing amounts of money over time, making it more of a liability than an asset to its shareholders. Read the full article on Seeking AlphaAnalyseartikel • Aug 18
Strategy's (NASDAQ:MSTR) Profits Appear To Have Quality Issues
NasdaqGS:MSTR 1 Year Share Price vs Fair Value Explore Strategy's Fair Values from the Community and select yours...Analyseartikel • Jul 16
Weekly Picks: 📈 MSTR's Leveraged Bitcoin Exposure, QS' Breakthrough Battery Tech, and BBWI's Turnaround Potential
📈 Why Strategy is a compelling vehicle to gain leveraged Bitcoin exposure. 💰 How debt reduction is a key driver to Bath & Body Works' success. 🔋 Why QuantumScape’s technology could solve all current EV problems.Seeking Alpha • Apr 25
Strategy: Saylor Buys The Dip, I Buy The Break-Out
Summary Strategy is breaking out after a 40% drop from its ATH. Bitcoin's bullish trend, confirmed by technical analysis, supports the investment thesis for MSTR, which has significant Bitcoin holdings. MSTR's chart shows a strong breakout, with the potential to reach $700 if Bitcoin hits $120k. Despite high volatility and risks like geopolitical tensions and competition, MSTR presents a compelling opportunity for those bullish on Bitcoin. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Strategy (MicroStrategy): The Ultimate Bet On Bitcoin's Future
Summary MicroStrategy has transformed into a leveraged Bitcoin proxy, offering investors amplified exposure to Bitcoin's price movements through its massive Bitcoin holdings and strategic financial engineering. The company's strategy benefits from rising institutional acceptance of Bitcoin, creating a positive feedback loop that could further drive up Bitcoin's price and validate MicroStrategy's model. Despite its potential for outsized gains, MicroStrategy's heavy reliance on Bitcoin's appreciation and its leveraged position make it an incredibly risky investment. MicroStrategy's unique business model and financial execution make it a compelling play for those who believe in Bitcoin as the ultimate scarce asset. Read the full article on Seeking AlphaSeeking Alpha • Mar 20
Strategy (MicroStrategy) Shouldn't Have Paid $100,000 For Bitcoin
Summary MicroStrategy borrowed money to buy Bitcoin at $100,000 or higher. The loans had little in the way of interest; however, they have conversion features that could dilute equity. On Tuesday, MSTR announced it was issuing preferred stock with high interest rates. So the "low interest rate convertible bond" argument for owning MSTR is weakening. In this article, I explore why MicroStrategy is too leveraged and exposed to Bitcoin to be worth buying now. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Strategy: Preferred Offering Has Potential Problem
Summary Strategy has pivoted from software analytics to Bitcoin investment, significantly increasing its holdings through equity and debt raises. The company announced a plan to sell up to $21 billion of preferred stock, which raises concerns about its ability to cover dividend payments. MSTR's valuation appears high, with its market cap exceeding the value of its Bitcoin holdings and software business. Read the full article on Seeking AlphaSeeking Alpha • Mar 02
Strategy (MicroStrategy): Collapses With Bitcoin Drop, Still Grossly Overvalued
Summary Strategy (MicroStrategy) is an inefficient and risky way to gain exposure to Bitcoin; Bitcoin futures are more efficient for leveraged exposure. MSTR's past favorable bond issuances are unlikely to be replicated at the scale needed to justify its market cap premium. Avoid MSTR and buy Bitcoin directly if bullish; MSTR's structure is reminiscent of risky, leveraged financial products from the 2008 crisis. Read the full article on Seeking AlphaSeeking Alpha • Feb 13
Strategy: It Just Doesn't Make Sense
Summary Strategy's value lies primarily in its Bitcoin portfolio, not its traditional software business. Despite BTC's rise, MSTR's premium to its BTC portfolio value remains perplexing, with the company using share sales and convertible debt to buy more BTC. The concept of "BTC yield" overcomplicates a simple process of capitalizing on MSTR's premium to acquire more BTC, without clear long-term earnings potential. Without meaningful earnings, it's unclear why investors would choose MSTR over BTC directly, reinforcing my Hold rating despite BTC's appreciation. Read the full article on Seeking AlphaSeeking Alpha • Feb 06
Strategy (Formerly MicroStrategy) Q4 Earnings: Selling Volatility... And 'Merch'
Summary MicroStrategy's re-branding and merchandise store signal the company's encouragement of dangerous emotional attachment to the stock. Strategy's declining software revenue and high volatility make the common stock a decent trading vehicle but a potentially dubious investment. Despite a healthy balance sheet, MSTR's volatility and premium to Bitcoin holdings make it a risky bet compared to Bitcoin itself. Preferred shares and convertibles may be better options for exposure, but MSTR common shares are not advisable due to dilution and premium risks. Read the full article on Seeking AlphaSeeking Alpha • Jan 27
MicroStrategy Is Buying Train Cars, Block Is Building Railroads
Summary MicroStrategy's levered Bitcoin strategy has yielded positive returns but carries a high risk due to Bitcoin's volatility; I rate it a Buy for risk-loving investors. Block, Inc. benefits from Bitcoin's growth while maintaining strong standalone businesses, making it a safer investment; I rate it a Strong Buy. MicroStrategy's approach involves issuing convertible notes to buy Bitcoin, betting on its appreciation, but it lacks a diversified business model. Block has built robust Bitcoin infrastructure and products, poised to thrive even if Bitcoin falters, ensuring long-term growth and stability. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
MicroStrategy's Trillion Dollar Bitcoin Bet Is Not What It Seems (Upgrade)
Summary Microstrategy (MSTR) has dipped 15% while Bitcoin only fell 5%, presenting a buying opportunity as MSTR trades at a relative discount. MSTR plans to increase authorized shares from 330 million to 10.33 billion to continue funding Bitcoin purchases, which is not immediately dilutive. Shareholders, led by Saylor, are likely to approve the share increase, ensuring MSTR's current business model continues. MSTR is expected to outperform Bitcoin, potentially appreciating by 50% and reaching $1000 based on technical analysis and premium trends. Read the full article on Seeking AlphaSeeking Alpha • Jan 08
MicroStrategy Is A Coiled Spring About To Jump Higher
Summary MicroStrategy is leveraging innovative financial tools to expand its Bitcoin holdings. It has been reducing leverage and increasing optionality through aggressive ATM offerings in Q4 2024. The company intends to increase its authorized common and preferred share counts, enabling future BTC purchases via issuances and opening the door to more stock splits. The recent offering of perpetual preferred shares with conversion features signals the expansion of the total addressable market into different portions of the capital markets. Despite potential risks from Bitcoin volatility and regulatory actions, MSTR's unique business model and strong investor interest position it for impressive growth. Convertible bonds and preferred stock in Q1 2025 should push the stock much higher with higher BTC yield. Read the full article on Seeking AlphaSeeking Alpha • Dec 29
MicroStrategy: Attempting A High-Stakes Play In Speculative Finance
Summary MicroStrategy's stock is highly risky due to its heavy reliance on Bitcoin, exposing it to extreme volatility and regulatory uncertainties. The company's business model has shifted from business software to a Bitcoin investment vehicle, leveraging convertible bonds and equity offerings. MicroStrategy's "BTC Yield" measures growth in Bitcoin holdings per share, with a YTD yield of 17% and a long-term target of 6%-10% annually. MicroStrategy stock is currently trading at $87.2 billion market cap, vs. an estimated fair value of its Bitcoin holdings of approximately $43.5 billion. Read the full article on Seeking Alpha
Neues Narrativ • Dec 18
MicroStrategy: Volatile Gamble or Golden Opportunity?
Bitcoin Price AppreciationIf Bitcoin continues its upward trajectory, MicroStrategy’s amplified exposure through its leveraged strategy could yield outsized gains, attracting even more speculative intSeeking Alpha • Dec 16
MicroStrategy's Nasdaq Inclusion Is An Endorsement Of Its Leveraged Bet
Summary MicroStrategy's inclusion in the Nasdaq-100 and its massive Bitcoin holdings, now the second largest globally, drive its stock's impressive performance. The company's leveraged strategy to accumulate Bitcoin increases Bitcoin per share, now at ~0.94 BTC per share, enhancing shareholder value despite traditional valuation metrics suggesting otherwise. Risks include Bitcoin price volatility and potential stock price drops below convertible bond conversion prices, which could pressure MicroStrategy's leveraged strategy. Despite risks, I recommend a Buy on MicroStrategy due to its unique approach to leveraging Bitcoin holdings for shareholder value. Read the full article on Seeking AlphaSeeking Alpha • Dec 10
MicroStrategy: Risky Business Model Makes It A Top Short Idea For 2025
Summary Shorting MicroStrategy is a high-conviction idea due to its risky business model of issuing debt and equity to buy Bitcoin. The most problematic issue is that MicroStrategy actually sells zero-coupon convertible bonds to buy an intangible asset with no intrinsic value. Even if Bitcoin's price remains near $100K, MicroStrategy's stock could fall by 50% due to its market cap valuation premium vs Bitcoin. Read the full article on Seeking AlphaSeeking Alpha • Nov 25
Understanding MicroStrategy
Summary MicroStrategy's stock is best viewed as a closed-end Bitcoin fund, trading at a premium or discount to its Bitcoin NAV, depending on market euphoria. The concept of "Bitcoin Yield" is flawed and misleading, as it relies on issuing equity at a premium without even matching a simple Bitcoin ETF. MicroStrategy faces significant refinancing risk, especially outside of crypto euphoria, which could lead to unfavorable debt terms or even bankruptcy. Investors should consider selling MSTR and replacing it with more reasonable Bitcoin exposure, if they must. Read the full article on Seeking AlphaSeeking Alpha • Nov 19
MicroStrategy Could Be A Multi-Trillion Dollar Company
Summary MicroStrategy is effectively Bitcoin's only investment bank. MSTR's unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC's CAGR and fiat cost of capital. Its BTC purchases are best thought of as revenue, and its rock bottom costs of capital are best thought of as costs of revenue. MSTR's market cap could potentially reach $690 billion to $3 trillion, driven by its unparalleled role in the BTC ecosystem and virtually impregnable moat of owning 1.3% of all BTC. Read the full article on Seeking AlphaSeeking Alpha • Nov 09
MSTR: How Game Theory And A Pro Crypto Shift Could Spark Global BTC Adoption
Summary MSTR's Bitcoin strategy under Michael Saylor's leadership has driven significant outperformance, creating momentum for institutional BTC adoption, supported by recent Q3 earnings and a robust "42 Strategy.". Game theory illustrates how institutional and national adoption of BTC could unfold, with MSTR's success pressuring other companies to consider BTC investments. Trump's pro-BTC stance and Republican majority are expected to drive favorable BTC policies, potentially including a national BTC reserve, influencing global BTC adoption. We reiterate our BUY ratings on BTC and MSTR, anticipating accelerated institutional adoption and higher BTC prices driven by FOMO dynamics and supportive U.S. policies. Read the full article on Seeking AlphaSeeking Alpha • Oct 31
MicroStrategy Is Running Towards Its All-Time High
Summary MicroStrategy shares are moving closer to its all-time high, trading at 3.15x price/BTC. MicroStrategy's leveraged BTC strategy and ongoing debt refinancing pose significant risks, with the firm generating a massive operating loss relative to revenue. Despite outperforming BTC, MSTR's valuation is driven by speculative euphoria, potentially reaching its pre-DOTCOM bubble high amidst a declining Federal Funds Rate. Read the full article on Seeking AlphaSeeking Alpha • Oct 21
MicroStrategy: Navigating The Bitcoin Wave With Leverage And Tailwinds
Summary MicroStrategy's Bitcoin-centric strategy, led by Michael Saylor, offers leveraged exposure to Bitcoin, making it a unique investment opportunity. The company's significant Bitcoin holdings and innovative debt-financed acquisition strategy have driven impressive stock performance, despite poor fundamentals. Inclusion in major indices like MSCI World and potential future inclusions could drive institutional interest and stock appreciation, enhancing MSTR's market presence. High short interest presents the possibility of a short squeeze, potentially fueling further stock gains if Bitcoin continues to perform well. Read the full article on Seeking AlphaSeeking Alpha • Oct 14
MicroStrategy's Worst Case Scenario
Summary MicroStrategy has rallied strongly due to Bitcoin's rise, benefiting from higher Bitcoin prices and continued buys financed by debt. MSTR outperforms Bitcoin by leveraging debt to buy more Bitcoin, increasing shareholder value, but faces risks if Bitcoin enters a bear market. Bankruptcy is unlikely even if Bitcoin drops below $15,000; MSTR has several financing options to cover debts even if Bitcoin's price falls. Potential risks include regulatory changes, competition, internal issues, and Bitcoin's price not appreciating as expected, which could impact MSTR's strategy and stock value. Read the full article on Seeking AlphaSeeking Alpha • Oct 07
MicroStrategy: Recent Numbers And Basic Math Show The Tremendous Value In This Company
Summary MicroStrategy's new BTC Yield metric, showing a 17.8% increase YTD, justifies its 2x premium over its BTC holdings. MSTR's intelligent use of convertible debt to monetize amplified BTC volatility enables superior financing for increasing BTC per share. The recent $30.6 million interest expense reduction signals MSTR's possible debt servicing limits, impacting future BTC purchases and convertible issuances. Despite risks, MSTR's strategy and software business support its BTC acquisition, making it a strong buy for BTC bulls. Presented is a model for valuing MSTR based on BTC Yield, MSTR's beta against BTC, and MSTR's ability to service further debt loads. Read the full article on Seeking AlphaAufschlüsselung der Einnahmen und Ausgaben
Aufschlüsselung der Einnahmen und Ausgaben
Wie Strategy Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.
Gewinn- und Umsatzhistorie
| Datum | Einnahmen | Gewinn | Allgemeine und Verwaltungskosten | F&E-Ausgaben |
|---|---|---|---|---|
| 31 Mar 26 | 490 | -12,774 | 280 | 94 |
| 31 Dec 25 | 477 | -4,230 | 275 | 94 |
| 30 Sep 25 | 475 | 7,718 | 278 | 97 |
| 30 Jun 25 | 462 | 4,733 | 278 | 107 |
| 31 Mar 25 | 459 | -5,342 | 279 | 114 |
| 31 Dec 24 | 463 | -1,167 | 279 | 118 |
| 30 Sep 24 | 467 | -407 | 277 | 123 |
| 30 Jun 24 | 481 | -210 | 274 | 119 |
| 31 Mar 24 | 490 | -85 | 269 | 118 |
| 31 Dec 23 | 496 | 429 | 265 | 121 |
| 30 Sep 23 | 504 | 90 | 266 | 122 |
| 30 Jun 23 | 500 | 207 | 262 | 123 |
| 31 Mar 23 | 502 | -878 | 262 | 125 |
| 31 Dec 22 | 499 | -1,470 | 258 | 127 |
| 30 Sep 22 | 501 | -1,310 | 259 | 127 |
| 30 Jun 22 | 504 | -1,319 | 258 | 124 |
| 31 Mar 22 | 507 | -556 | 256 | 121 |
| 31 Dec 21 | 511 | -535 | 256 | 117 |
| 30 Sep 21 | 508 | -443 | 244 | 111 |
| 30 Jun 21 | 507 | -421 | 237 | 110 |
| 31 Mar 21 | 492 | -118 | 228 | 107 |
| 31 Dec 20 | 481 | -8 | 229 | 104 |
| 30 Sep 20 | 483 | 2 | 244 | 105 |
| 30 Jun 20 | 475 | 26 | 252 | 105 |
| 31 Mar 20 | 482 | 43 | 267 | 107 |
| 31 Dec 19 | 486 | 34 | 278 | 109 |
| 30 Sep 19 | 485 | 25 | 285 | 111 |
| 30 Jun 19 | 487 | 28 | 287 | 110 |
| 31 Mar 19 | 490 | 13 | 290 | 107 |
| 31 Dec 18 | 498 | 23 | 292 | 102 |
| 30 Sep 18 | 502 | -6 | 285 | 96 |
| 30 Jun 18 | 506 | -1 | 280 | 89 |
| 31 Mar 18 | 505 | 4 | 269 | 84 |
| 31 Dec 17 | 504 | 18 | 255 | 79 |
| 30 Sep 17 | 508 | 75 | 246 | 76 |
| 30 Jun 17 | 511 | 83 | 242 | 74 |
| 31 Mar 17 | 515 | 92 | 243 | 74 |
| 31 Dec 16 | 514 | 92 | 238 | 73 |
| 30 Sep 16 | 516 | 99 | 232 | 72 |
| 30 Jun 16 | 515 | 96 | 231 | 72 |
| 31 Mar 16 | 525 | 100 | 226 | 67 |
| 31 Dec 15 | 530 | 106 | 229 | 65 |
| 30 Sep 15 | 535 | 90 | 239 | 62 |
| 30 Jun 15 | 557 | 65 | 266 | 73 |
Qualität der Erträge: MSTR ist derzeit unrentabel.
Wachsende Gewinnspanne: MSTR ist derzeit unrentabel.
Analyse von freiem Cashflow und Gewinn
Analyse des Gewinnwachstums in der Vergangenheit
Ergebnisentwicklung: MSTR ist unrentabel, und die Verluste haben in den letzten 5 Jahren mit einer Rate von 19% pro Jahr zugenommen.
Beschleunigtes Wachstum: Das Gewinnwachstum des letzten Jahres kann nicht mit dem 5-Jahres-Durchschnitt von MSTR verglichen werden, da das Unternehmen derzeit nicht profitabel ist.
Erträge im Vergleich zur Industrie: MSTR ist unrentabel, was einen Vergleich des Gewinnwachstums des letzten Jahres mit der Branche Software (11.8%) erschwert.
Eigenkapitalrendite
Hohe Eigenkapitalrendite: MSTR hat eine negative Eigenkapitalrendite (-26.67%), da es derzeit unrentabel ist.
Kapitalrendite
Rendite auf das eingesetzte Kapital
Entdecken Sie starke Unternehmen, die in der Vergangenheit erfolgreich waren
Unternehmensanalyse und Finanzdaten Status
| Daten | Zuletzt aktualisiert (UTC-Zeit) |
|---|---|
| Unternehmensanalyse | 2026/05/29 10:02 |
| Aktienkurs zum Tagesende | 2026/05/29 00:00 |
| Gewinne | 2026/03/31 |
| Jährliche Einnahmen | 2025/12/31 |
Datenquellen
Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.
| Paket | Daten | Zeitrahmen | Beispiel US-Quelle * |
|---|---|---|---|
| Finanzdaten des Unternehmens | 10 Jahre |
| |
| Konsensschätzungen der Analysten | +3 Jahre |
|
|
| Marktpreise | 30 Jahre |
| |
| Eigentümerschaft | 10 Jahre |
| |
| Verwaltung | 10 Jahre |
| |
| Wichtige Entwicklungen | 10 Jahre |
|
* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.
Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.
Analysemodell und Schneeflocke
Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.
Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.
Metriken für Industrie und Sektor
Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.
Analysten-Quellen
Strategy Inc wird von 25 Analysten beobachtet. 11 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.
| Analyst | Einrichtung |
|---|---|
| Ramsey El-Assal | Barclays |
| Yun Suk Kim | Benchmark Company |
| Mark Palmer | Benchmark Company |