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Friday 6 November 2026 Export MSTR’s income statement to Excel — free account

Strategy Inc

MSTR Technology Software Application

Strategy Inc’s revenue for fiscal 2025 (year ended December 2025) was $477.2 million, up 2.97% from fiscal 2024.

Revenue
−2.54%
EPS
+413.8%
Free cash flow
+96.1%
Total debt
−17.8%

Quarter to September 2026, against a year earlier

130.42 12.12 −8.50%
Market cap
$54.6B
P/E
0.0×
Fwd P/E
−8.0×
Dividend yield
—
F-score
3/9
Altman Z
1.35
Beneish M
−2.47
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Strategy Inc (MSTR) Debt to equity

Alert me on Debt to equity

Strategy Inc's debt to equity at the end of the quarter to 30 September 2026 was 0.1×, down 0.1× from fiscal 2025 (0.2×). Over the past ten years it has ranged from −6.2× (fiscal 2022) to 2.2× (fiscal 2021); the current reading is higher than 55% of that period. That is above the Software Application industry median of 0.0× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× (52.95%)
FY2024 0.4× (60.87%)
FY2023 1.0× —
FY2022 −6.2× —
FY2021 2.2× 145.82%
FY2020 0.9× 304.73%
FY2019 0.2× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.1× (44.24%)
Jun 2026 0.2× (2.86%)
Mar 2026 0.2× 20.47%
Dec 2025 0.2× 18.82%
43 more quarters

Against its own ten years

Low −6.2× High 2.2×
Ten-year median 0.2×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
MSTR Strategy Inc 0.1×
DDOG Datadog, Inc. compare 0.2×
INTU Intuit Inc. compare 0.3×
CDNS Cadence Design Systems, Inc. compare 0.4×
WDAY Workday, Inc. compare 0.5×
ROP Roper Technologies, Inc. compare 0.5×
ADSK Autodesk, Inc. compare 0.6×
TEAM Atlassian Corporation PLC compare 0.9×
PAYX Paychex, Inc. compare 1.2×
Software Application industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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