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
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Strategy Inc (MSTR) Gross margin
Strategy Inc's gross margin over the twelve months to 30 September 2026 was 67.8%, down 0.8 percentage points from fiscal 2025 (68.7%). Over the past ten years it has ranged from 68.7% (fiscal 2025) to 82.0% (fiscal 2021) — the current reading is the lowest in ten years. That is in line with the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 68.7% | (3.37) |
| FY2024 | 72.1% | (5.79) |
| FY2023 | 77.9% | (1.52) |
| FY2022 | 79.4% | (2.64) |
| FY2021 | 82.0% | 0.95 |
| FY2020 | 81.1% | 1.62 |
| FY2019 | 79.4% | (0.57) |
| FY2018 | 80.0% | (0.81) |
| FY2017 | 80.8% | (1.04) |
| FY2016 | 81.9% | 0.94 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 71.5% | 4.82 |
| Jun 2026 | 66.6% | (0.42) |
| Mar 2026 | 67.1% | 0.95 |
| Dec 2025 | 66.1% | (4.35) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ADSK Autodesk, Inc. compare | 91.3% |
| CDNS Cadence Design Systems, Inc. compare | 85.7% |
| TEAM Atlassian Corporation PLC compare | 84.8% |
| INTU Intuit Inc. compare | 80.2% |
| DDOG Datadog, Inc. compare | 79.6% |
| WDAY Workday, Inc. compare | 75.8% |
| PAYX Paychex, Inc. compare | 74.4% |
| ROP Roper Technologies, Inc. compare | 69.7% |
| MSTR Strategy Inc | 67.8% |
| Software Application industry median | 66.9% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MSTR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement