Strategy Inc

NasdaqGS:MSTR Aktierapport

Börsvärde: US$34.0b

Strategy Tidigare resultatutveckling

Tidigare kriterier kontrolleras 0/6

Strategy s intäkter har minskat med en genomsnittlig årlig takt på -19%, medan Software -branschen såg intäkter på växande 24.9% årligen. Intäkterna har varit fallande med en genomsnittlig takt på 1.7% per år.

Viktig information

-18.99%

Tillväxttakt i vinsten

-3.19%

Tillväxttakt för EPS

Software Tillväxt i branschen17.33%
Intäkternas tillväxttakt-1.69%
Avkastning på eget kapital-26.67%
Nettomarginal-2,604.40%
Senaste uppdateringen av resultatet31 Mar 2026

Senaste uppdateringar av tidigare prestationer

Recent updates

Seeking Alpha • Jul 22

Bitcoin And Strategy In The Age Of AI Mega-IPOs

Summary Strategy Inc. faces a broken investment thesis as Bitcoin sales and a stalled equity issuance flywheel undermine its structural advantages. MSTR's treasury is underwater by approximately $8.7 billion, with a $75,476 BTC cost basis versus a current spot price of ~$65,200, compressing the mNAV premium to near parity. The upcoming Anthropic and OpenAI mega-IPOs threaten to absorb capital from crypto, intensifying medium-term headwinds for MSTR’s leveraged BTC exposure. I rate MSTR a Sell: the capital structure, dividend drain, and loss of regulatory arbitrage make it the wrong instrument at the wrong time. Read the full article on Seeking Alpha
Analysartikel • Jun 17

Strategy (MSTR) Stock Could Be 21.3% Below Fair Value After $100 Million Bitcoin Buy

Strategy (MSTR) is back in focus after buying 1,587 Bitcoin for about US$100 million, using common stock sales that also lifted cash reserves and renewed debate around dilution and long term value. See our latest analysis for Strategy. Despite the latest Bitcoin purchase, Strategy’s 30 day share price return is down 26.3% and the year to date share price return is down 21.9%. However, the 3 year total shareholder return is more than triple, suggesting long term momentum has been strong even...
Analysartikel • 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...
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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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
User avatar
Ny berättelse • 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 int
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha

Fördelning av intäkter och kostnader

Hur Strategy tjänar och spenderar pengar. Baserat på senast rapporterade resultat, på rullande tolvmånadersbasis.

Resultat- och intäktshistorik

NasdaqGS:MSTR Intäkter, kostnader och resultat (USD Millions )
DatumIntäkterIntäkterG+A KostnaderFoU-kostnader
31 Mar 26490-12,77428094
31 Dec 25477-4,23027594
30 Sep 254757,71827897
30 Jun 254624,733278107
31 Mar 25459-5,342279114
31 Dec 24463-1,167279118
30 Sep 24467-407277123
30 Jun 24481-210274119
31 Mar 24490-85269118
31 Dec 23496429265121
30 Sep 2350490266122
30 Jun 23500207262123
31 Mar 23502-878262125
31 Dec 22499-1,470258127
30 Sep 22501-1,310259127
30 Jun 22504-1,319258124
31 Mar 22507-556256121
31 Dec 21511-535256117
30 Sep 21508-443244111
30 Jun 21507-421237110
31 Mar 21492-118228107
31 Dec 20481-8229104
30 Sep 204832244105
30 Jun 2047526252105
31 Mar 2048243267107
31 Dec 1948634278109
30 Sep 1948525285111
30 Jun 1948728287110
31 Mar 1949013290107
31 Dec 1849823292102
30 Sep 18502-628596
30 Jun 18506-128089
31 Mar 18505426984
31 Dec 175041825579
30 Sep 175087524676
30 Jun 175118324274
31 Mar 175159224374
31 Dec 165149223873
30 Sep 165169923272
30 Jun 165159623172
31 Mar 1652510022667
31 Dec 1553010622965
30 Sep 155359023962

Kvalitetsintäkter: MSTR är för närvarande olönsam.

Växande vinstmarginal: MSTR är för närvarande olönsam.

Fritt kassaflöde vs resultatanalys

Analys av tidigare vinsttillväxt

Resultatutveckling: MSTR är olönsam och förlusterna har ökat under de senaste 5 åren i en takt av 19% per år.

Accelererande tillväxt: Det går inte att jämföra MSTR s intäktstillväxt under det senaste året med dess 5-åriga genomsnitt eftersom det för närvarande är olönsamt

Resultat vs industri: MSTR är olönsam, vilket gör det svårt att jämföra det senaste årets vinsttillväxt med Software branschen ( 20.4% ).

Avkastning på eget kapital

Hög ROE: MSTR har en negativ avkastning på eget kapital ( -26.67% ), eftersom det för närvarande är olönsamt.

Avkastning på tillgångar

Avkastning på sysselsatt kapital

Upptäck starka bolag som tidigare presterat bra

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Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/07/30 23:16
Aktiekurs vid dagens slut2026/07/30 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Strategy Inc bevakas av 24 analytiker. 11 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Ramsey El-AssalBarclays
Yun Suk KimBenchmark Company
Mark PalmerBenchmark Company