MICROSTRATEGY Inc (MSTR) Financial Statements
Industry: Finance Services
In fiscal 2025, MICROSTRATEGY reported revenue of $477.2M, up 3.0% from $463.5M the year before. Net income was -$3.85B (a -806.3% net margin), or -$15.23 per diluted share. Gross margin was 68.7% and operating margin was -1140.8%. Operating activities generated -$67.2M of cash, leaving -$75.5M of free cash flow. At fiscal year end, MICROSTRATEGY held $61.64B in total assets against $10.60B in total liabilities, including $2.30B of cash and equivalents.
Open the full interactive MICROSTRATEGY financials → Quarterly statements, key ratios, valuation history and price charts.
MICROSTRATEGY Key Stats
| Share Price | $152.18 |
|---|---|
| Market Cap | $53.65B |
| Revenue YoY Growth | +3.0% |
| 52-Week Range | $82.31 – $315.47 |
| Shares Outstanding | 352.5 million (basic, 2026 Q2) |
MICROSTRATEGY Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $480.7M | $510.8M | $499.3M | $496.3M | $463.5M | $477.2M |
| Cost of Goods Sold | $91.1M | $91.9M | $103.0M | $109.9M | $129.5M | $149.4M |
| Gross Profit | $389.7M | $418.9M | $396.3M | $386.3M | $334.0M | $327.8M |
| Operating Income | -$13.6M | -$784.5M | -$1.28B | -$115.0M | -$1.85B | -$5.44B |
| Pre-Tax Income | -$20.0M | -$811.4M | -$1.32B | -$124.5M | -$1.93B | -$5.53B |
| Income Tax | -$12.4M | -$275.9M | $147.3M | -$553.6M | -$767.7M | -$1.68B |
| Net Income | -$7.5M | -$535.5M | -$1.47B | $429.1M | -$1.17B | -$3.85B |
| Diluted EPS | -$0.08 | -$5.34 | -$12.98 | $2.64 | -$6.06 | -$15.23 |
MICROSTRATEGY Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $128.7M | $123.0M | $124.3M | $122.4M |
| Net Income | $2.79B | -$12.44B | -$12.54B | -$8.22B |
| Diluted EPS | $8.42 | -$44.79 | -$38.25 | -$24.45 |
MICROSTRATEGY Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $59.7M | $63.4M | $43.8M | $46.8M | $38.1M | $2.30B |
| Current Assets | $272.6M | $268.0M | $264.6M | $267.9M | $252.3M | $2.56B |
| Total Assets | $1.47B | $3.56B | $2.41B | $4.76B | $25.84B | $61.64B |
| Current Liabilities | $285.6M | $312.0M | $317.4M | $323.3M | $355.4M | $456.5M |
| Total Long-Term Debt | $486.4M | $2.16B | $2.38B | $2.18B | $7.19B | $8.19B |
| Total Liabilities | $912.6M | $2.58B | $2.79B | $2.60B | $7.61B | $10.60B |
| Shareholders' Equity | $553.0M | $979.0M | -$383.1M | $2.16B | $18.23B | $44.12B |
MICROSTRATEGY Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $53.6M | $93.8M | $3.2M | $12.7M | -$53.0M | -$67.2M |
| Cash From Investing | -$1.02B | -$2.63B | -$278.6M | -$1.91B | -$22.09B | -$22.51B |
| Cash From Financing | $563.2M | $2.54B | $265.2M | $1.89B | $22.13B | $24.84B |
| Free Cash Flow | $50.0M | $91.1M | $725,000 | $9.8M | -$56.0M | -$75.5M |
Figures from MICROSTRATEGY's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full MICROSTRATEGY financials page for every line item.
MICROSTRATEGY Company Profile
| Ticker | MSTR |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Tysons Corner, Virginia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001050446 |
Frequently Asked Questions
What was MICROSTRATEGY's revenue in fiscal 2025?
MICROSTRATEGY (MSTR) reported revenue of $477.2M for fiscal 2025.
What is MICROSTRATEGY's annual revenue history?
MICROSTRATEGY's annual revenue by fiscal year: 2020: $480.7M; 2021: $510.8M; 2022: $499.3M; 2023: $496.3M; 2024: $463.5M; 2025: $477.2M.
What was MICROSTRATEGY's net income in fiscal 2025?
MICROSTRATEGY reported net income of -$3.85B for fiscal 2025.
What was MICROSTRATEGY's earnings per share (EPS) in fiscal 2025?
MICROSTRATEGY's diluted EPS was -$15.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did MICROSTRATEGY generate in fiscal 2025?
MICROSTRATEGY generated -$75.5M of free cash flow in fiscal 2025.
What was MICROSTRATEGY's revenue last quarter?
In its most recent reported quarter (2026 Q2), MICROSTRATEGY reported revenue of $122.4M.
How much debt does MICROSTRATEGY have?
MICROSTRATEGY reported $8.19B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of MICROSTRATEGY are outstanding?
MICROSTRATEGY reported a weighted average of 352.5 million basic shares outstanding in 2026 Q2.
What is MICROSTRATEGY's market cap?
Based on its latest closing price, MICROSTRATEGY (MSTR) has a market capitalization of about $53.65B.
When does MICROSTRATEGY's fiscal year end?
MICROSTRATEGY's fiscal year end, as registered with the SEC, is December 31.
Where is MICROSTRATEGY headquartered?
MICROSTRATEGY lists its business address in Tysons Corner, Virginia in its SEC filings.