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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) EV/EBITDA

Alert me on EV/EBITDA

Strategy Inc has no meaningful EV/EBITDA: its trailing twelve-month EBITDA is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 10,211× (February 2021) — the current reading is the lowest in ten years.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 3,360× 2,428.62%
FY2019 133× 16.42%
FY2018 114× 1,117.19%
FY2017 9.4× (27.30%)
FY2016 12.9× 29.21%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 10,211×
Ten-year median 5.4×
Current reading's percentile 49

EV/EBITDA against peers

Company EV/EBITDA
MSTR Strategy Inc n/m
PAYX Paychex, Inc. compare 14.1×
INTU Intuit Inc. compare 14.5×
ROP Roper Technologies, Inc. compare 17.5×
ADSK Autodesk, Inc. compare 18.7×
WDAY Workday, Inc. compare 27.5×
CDNS Cadence Design Systems, Inc. compare 40.1×
TEAM Atlassian Corporation PLC compare 315×
DDOG Datadog, Inc. compare 488×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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