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. In the quarter to June 2026, revenue grew 6.88%, EPS fell 167.5%, free cash flow grew 6.40% and total debt fell 17.8%, each against the same quarter a year earlier. Member of the Nasdaq 100; insiders bought in the last twelve months.
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Strategy Inc (MSTR) EV/Sales
As of 9 October 2026, Strategy Inc (MSTR) trades at a EV/Sales of 118×. Over the past ten years it has ranged from 1.0× (March 2020) to 289× (July 2025); the current reading is higher than 89% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.8×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 101× | (25.79%) |
| FY2024 | 136× | 485.79% |
| FY2023 | 23.2× | 191.47% |
| FY2022 | 8.0× | (46.25%) |
| FY2021 | 14.8× | 69.33% |
| FY2020 | 8.7× | 321.16% |
| FY2019 | 2.1× | 17.74% |
| FY2018 | 1.8× | 6.67% |
| FY2017 | 1.7× | (49.20%) |
| FY2016 | 3.3× | 11.16% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 70.0× | (27.92%) |
| Mar 2026 | 97.2× | (3.54%) |
| Dec 2025 | 101× | (52.03%) |
| Sep 2025 | 210× | (18.66%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ADBE Adobe Inc. compare | 3.7× |
| INTU Intuit Inc. compare | 3.9× |
| WDAY Workday, Inc. compare | 4.5× |
| ADP Automatic Data Processing, Inc. compare | 5.0× |
| ADSK Autodesk, Inc. compare | 6.0× |
| TEAM Atlassian Corporation PLC compare | 8.2× |
| CDNS Cadence Design Systems, Inc. compare | 16.8× |
| DDOG Datadog, Inc. compare | 25.3× |
| MSTR Strategy Inc | 118× |
| Software Application industry median | 2.6× |
| Technology sector median | 2.8× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)