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

Strategy Inc (MSTR) Gross margin

Alert me on 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

Against its own ten years

Low 68.7% High 82.0%
Ten-year median 80.0%
Current reading's percentile 5

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

The full definition of Gross margin →

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