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MSTR — Nasdaq Software

Strategy Inc

$99,61
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Mcap
33,3B USD
P/E
—
EV / Rev
127,9x
Div yield
—
Op margin
-1 140,8 %
ROE
-10,5 %
Net margin
-806,3 %
Debt / equity
0,22
Beta
—
52w range
—
Volume
2,2k
Day range
—
Prev close
$100,77
Open
$95,04
Next earnings
2026-07-28
Ex-dividend
—
TR 1Y
—
About

Strategy Inc is classified under Technology / Software and appears not currently profitable on the latest normalized snapshot.

Business. Strategy Inc (MSTR) is a technology company operating in the Software & IT Services sector, specifically within the Application Software industry. The firm generates revenue through a subscription model and is listed on the Nasdaq exchange. As specific operating segments and geographic details are not provided, the company is described at the industry level. Headquarters information is not available in the provided data.

Classification98 %
SectorTechnology
Business sectorSoftware & IT Services
IndustrySoftware
ActivityApplication Software
Generated · rules-based
Sell-side consensus
BUY19 analysts
17 buy2 hold0 sell
Avg 12m price target335,65

Analyst recommendations

19 analysts · consensus Buy
Buy17
Hold2
Sell0
12-month price target
335,65
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
See all catalysts →

At a glance

Score→
37
composite score
Valuation
—
valuation pending
Analysts→
Buy
19 analysts · indicative
Ownership→
JPMorgan Private Bank (United States)
largest disclosed fund holder
Profitability→
-10,5 %
return on equity
Quality→
66
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning MSTR.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,6 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,5 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to MSTR. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
    • Peers
    • EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · ServiceNow (NOW)
    • EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR
    • Congressional trades
    • CongressNeal Patrick MD, Facs Dunn — MicroStrategy Incorporated - Class A2024-12-24 · Republican · FL · Purchase · $15,001 - $50,000

    Pre-earnings brief

    Briefing · model-assisted

    Strategy Inc (MSTR) has recorded its first analysis in this system, establishing a baseline for future delta computation with no prior material changes to report. This initial snapshot reveals a company structure defined by two officers and membership in one index, while currently lacking coverage from any analysts. The absence of analyst ratings and historical change data means that current market perception is driven primarily by institutional holder activity rather than fundamental shifts or consensus estimates. The most notable activity detected involves a series of new institutional positions established as of March 31, 2026. Multiple investors added shares to their portfolios, with the largest new position comprising 14,613,000 shares valued at approximately $12.17 million, representing a 0.29% weight in the respective investor's portfolio. Other significant additions include a 2,500,000-share position valued at roughly $2.87 million and a 1,669,000-share position valued at approximately $1.45 million. Smaller but notable additions were also recorded, including positions of 168,000 shares valued at $11.90 million, 51,000 shares valued at $55,871, and 5,125 shares valued at $362,338. These entries, detected on June 28, 2026, indicate a broadening of the shareholder base across various investment sizes. The diversity in share counts and values suggests that both large-scale institutional allocators and smaller entities are initiating exposure to the ticker. This influx of new holders is significant given that Strategy Inc currently lists 31 top holders. The addition of these new positions contributes to the overall ownership structure, potentially increasing liquidity and institutional interest in the stock. With no analyst coverage to provide directional guidance, these holder changes serve as the primary signal of market sentiment, reflecting growing institutional participation in the company's equity.

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Score breakdown37
    Valuation+11
    Profitability+20
    Sentiment+12
    Risk penalty−6
    Missing signals−1

    Synthesis

    Business

    Strategy Inc (MSTR) is a technology company operating in the Software & IT Services sector, specifically within the Application Software industry. The firm generates revenue through a subscription model and is listed on the Nasdaq exchange. As specific operating segments and geographic details are not provided, the company is described at the industry level. Headquarters information is not available in the provided data.

    Classification98 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustrySoftware
    ActivityApplication Software
    AI synthesis
    GENERATED

    Strategy Inc (MSTR) is currently classified as Application Software within Software (Technology). Classification confidence: 0.98 (rule-based classification). Capital structure on the latest snapshot: total assets 54,268,750,000 USD, total equity 36,651,357,000, short-term debt 31,402,000, long-term debt 8,165,122,000. Net cash position is approximately -5,989,305,000 USD. Self-calculated market cap is 55,045,558,050 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 124,300,000, gross profit 83,354,000, operating income -14,470,419,000, net income -12,542,670,000. Return on equity ~-10.5%. Return on assets ~-7.1%. Operating-cash-flow to net-income ratio is 0.02. Risk profile from automated assessment: liquidity risk medium, dilution risk medium. Flags: Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on MSTR — filing_type=8-K; max_severity=high; ignored_items=['7.01', '8.01']; material_items=['5.02']; all_items_found=['5.02', '7.01', '8.01']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001193125-26-295586). Additional context: 8-K: filing_type=8-K; max_severity=high; ignored_items=['7.01', '8.01']; material_items=['5.02']; all_items_found=['5.02', '7.01', '8.01']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material. Comparable peers identified within the same class: Microsoft, Salesforce, ServiceNow.

    Strategy Inc (MSTR) has recorded its first analysis in this system, establishing a baseline for future delta computation with no prior material changes to report. This initial snapshot reveals a company structure defined by two officers and membership in one index, while currently lacking coverage from any analysts. The absence of analyst ratings and historical change data means that current market perception is driven primarily by institutional holder activity rather than fundamental shifts or consensus estimates. The most notable activity detected involves a series of new institutional positions established as of March 31, 2026. Multiple investors added shares to their portfolios, with the largest new position comprising 14,613,000 shares valued at approximately $12.17 million, representing a 0.29% weight in the respective investor's portfolio. Other significant additions include a 2,500,000-share position valued at roughly $2.87 million and a 1,669,000-share position valued at approximately $1.45 million. Smaller but notable additions were also recorded, including positions of 168,000 shares valued at $11.90 million, 51,000 shares valued at $55,871, and 5,125 shares valued at $362,338. These entries, detected on June 28, 2026, indicate a broadening of the shareholder base across various investment sizes. The diversity in share counts and values suggests that both large-scale institutional allocators and smaller entities are initiating exposure to the ticker. This influx of new holders is significant given that Strategy Inc currently lists 31 top holders. The addition of these new positions contributes to the overall ownership structure, potentially increasing liquidity and institutional interest in the stock. With no analyst coverage to provide directional guidance, these holder changes serve as the primary signal of market sentiment, reflecting growing institutional participation in the company's equity.

    Key takeaways
    • Return on equity is about -10.5%.
    • Debt to equity is about 0.22x.
    • [TRIGGER] 8-K: 8-K (sec_8k_material) on MSTR — filing_type=8-K; max_severity=high; ignored_items=['7.01', '8.01']; material_items=['5.02']; all_items_found=['5.02', '7.01', '8.01']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001193125-26-295586)
    • Likely peers from the same classification include Microsoft, Salesforce, ServiceNow.
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mstr:OtherRegionsMember 2026-03-31 0001050446 country:US 2025-12-31 0001050446 us-gaap:EMEAMember 2025-12-31 0001050446 mstr:OtherRegionsMember 2025-12-31 0001050446 mstr:MichaelJ.SaylorMember mstr:CommercialDirectorsAndOfficersLiabilityInsurancePoliciesMember 2023-06-01 2023-06-30 0001050446 mstr:MichaelJ.SaylorMember mstr:TailAgreementMember 2023-06-01 2023-06-30 0001050446 mstr:MichaelJ.SaylorMember mstr:TailAgreementExtensionMember 2023-06-01 2023-06-30 0001050446 mstr:MichaelJ.SaylorMember mstr:TailAgreementExtensionMember 2024-06-01 2024-06-30 0001050446 mstr:MichaelJ.SaylorMember mstr:CommercialDirectorsAndOfficersLiabilityInsurancePoliciesMember 2025-06-01 2025-06-30 0001050446 us-gaap:SubsequentEventMember 2026-04-26 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
    • 3 Table of Contents STRATEGY INC CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (in thousands, unaudited) Mezzanine Equity Stockholders' Equity Perpetual Total Class A Class B Convertible Additional Accumulated Other Retained Earnings Preferred Stock Stockholders' Common Stock Common Stock Paid-in Capital Comprehensive (Accumulated Deficit) Shares Amount Equity Shares Amount Shares Amount Loss Balance at January 1, 2025 — $ — $ 30,976,362 226,138 $ 226 19,640 $ 20 $ 20,411,998 $ ( 15,384 ) $ 10,579,502 Net loss — — ( 4,217,370 ) — — — — — — ( 4,217,370 ) Other — — ( 1,097 ) — — — — — — ( 1,097 ) Other comprehensive income — — 3,417 — — — — — 3,417 — Preferred stock cash dividends declared — — ( 9,188 ) — — — — — — ( 9,188 ) Issuance of class A common stock under stock incentive plans — — 12,121 401 — — — 12,121 — — Issuance of class A common stock under public offerings, net of issuance costs — — 4,399,205 12,625 13 — — 4,399,192 — — Issuance of class A common stock upon conversions of convertible senior notes — — 1,045,132 7,373 8 — — 1,045,124 — — Share-based compensation expense — — 12,654 — — — — 12,654 — — Issuance of preferred stock 16,150 1,304,497 — — — — — — — — Balance at March 31, 2025 16,150 $ 1,304,497 $ 32,221,236 246,537 $ 247 19,640 $ 20 $ 25,881,089 $ ( 11,967 ) $ 6,351,847 4 Table of Contents STRATEGY INC CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (in thousands, unaudited) Mezzanine Equity Stockholders' Equity Perpetual Total Class A Class B Convertible Additional Accumulated Other Retained Earnings Preferred Stock Stockholders' Common Stock Common Stock Paid-in Capital Comprehensive (Accumulated Deficit) Shares Amount Equity Shares Amount Shares Amount Loss Balance at January 1, 2026 78,183 $ 6,919,514 $ 44,123,458 292,422 $ 292 19,640 $ 20 $ 37,806,554 $ ( 5,171 ) $ 6,321,763 Net loss — — ( 12,542,670 ) — — — — — — ( 12,542,670 ) Other comprehensive income — — ( 2,742 ) — — — — — ( 2,742 ) — Preferred stock cash dividends declared — — ( 250,558 ) — — — — — — ( 250,558 ) Issuance of class A common stock under stock incentive plans — — 18,484 395 — — — 18,484 — — Issuance of class A common stock under public offerings, net of issuance costs — — 5,292,212 33,469 34 — — 5,292,178 — — Share-based compensation expense — — 13,173 — — — — 13,173 — — Issuance of preferred stock 20,698 2,065,414 — — — — — — — — Balance at March 31, 2026 98,881 $ 8,984,928 $ 36,651,357 326,286 $ 326 19,640 $ 20 $ 43,130,389 $ ( 7,913 ) $ ( 6,471,465 ) The accompanying notes are an integral part of these Consolidated Financial Statements.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Analysts project 237% upside to a mean price target of $335.65, reflecting strong buy consensus among 19 analysts.

    The company maintains a healthy current ratio of 5.62, indicating strong short-term liquidity to meet immediate obligations.

    Debt-to-equity ratio of 0.19 is below the software cohort median of 0.06, suggesting manageable leverage relative to peers.

    Credit risk is assessed as low, implying a stable financial foundation despite operational volatility in recent periods.

    BEAR CASE · 4

    Net income plummeted to -$3.85 billion in FY2025, resulting in a negative net margin of -8.06%.

    Operating income deteriorated to -$5.44 billion in FY2025, placing the company in the bottom quartile for profitability.

    Long-term debt surged to $8.16 billion in FY2025, reflecting increased leverage and potential refinancing risks.

    Cash conversion ratio of 0.02 is in the bottom quartile, indicating poor efficiency in generating cash from operations.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-31
    Q4 2025 · Quarter highlights

    Revenue $124.3M; Operating income -$14.47B.

    Revenue$124.3M
    Operating income-$14.47B
    Net income-$12.54B
    Free cash flow$13.0M
    EPS—
    Operating cash flow$14.0M
    Financials
    Income statement
    Revenue$124.3M
    Gross profit$83.4M
    Operating income-$14.47B
    Net income-$12.54B
    Margins
    Gross margin67.1%
    Operating margin-11641.5%
    Net margin-10090.6%
    FCF margin10.5%
    Balance sheet
    Total assets$54.27B
    Total liabilities$8.63B
    Total equity$36.65B
    Cash & equivalents$2.21B
    Long-term debt$8.17B
    Cash flow
    Operating cash flow$14.0M
    CapEx$952.0k
    Free cash flow$13.0M
    SBC$13.2M
    P&L flow · revenue → net income
    Revenue $124.3MOperating costs $14.59BNet income $12.54B
    Highlights
    • ▍Revenue $124.3M
    • ▍Operating income -$14.47B
    • ▍Net margin -10090.6%

    Valuation FY

    Market price
    $99,61
    Market cap
    $55.05B
    Enterprise valueⓘ
    $61.03B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    127.9x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    1.2x
    P / Tangible bookⓘ
    1.2x
    Tangible book
    $45.64B
    Net cashⓘ
    -$5.99B
    Current ratioⓘ
    6.0
    Debt / equityⓘ
    0.2
    ROAⓘ
    -7.1%
    ROEⓘ
    -10.5%
    Cash conversionⓘ
    2.0%
    CapEx / revenueⓘ
    1.7%
    SBC / revenueⓘ
    11.2%
    Dilution ratioⓘ
    —

    Revenue by segment

    Market share

    — missing data

    Business relationships

    Business relationships21 disclosed relationships · 1 type · extracted from filings & disclosures
    Subsidiaries21
    EX21:0cdf4a3b4e22EX21:0cdf4a3b4e22Subsidiarie97%
    EX21:0d4d3c0f5672EX21:0d4d3c0f5672Subsidiarie97%
    EX21:1910b4f70218EX21:1910b4f70218Subsidiarie97%
    EX21:31bd6ca89f93EX21:31bd6ca89f93Subsidiarie97%
    EX21:396fd1e009b0EX21:396fd1e009b0Subsidiarie97%
    EX21:54a120f9743cEX21:54a120f9743cSubsidiarie97%
    EX21:6182d98982b4EX21:6182d98982b4Subsidiarie97%
    EX21:67e6c554ed99EX21:67e6c554ed99Subsidiarie97%
    EX21:6b202bdc8f2aEX21:6b202bdc8f2aSubsidiarie97%
    EX21:764706670deaEX21:764706670deaSubsidiarie97%
    EX21:83e3cac88199EX21:83e3cac88199Subsidiarie97%
    EX21:85b6f43ab8a9EX21:85b6f43ab8a9Subsidiarie97%
    EX21:a1830a87a74bEX21:a1830a87a74bSubsidiarie97%
    EX21:ac13f2f44bb6EX21:ac13f2f44bb6Subsidiarie97%
    EX21:bd035b16c62eEX21:bd035b16c62eSubsidiarie97%
    EX21:db25b61203a4EX21:db25b61203a4Subsidiarie97%
    EX21:e5af3e632440EX21:e5af3e632440Subsidiarie97%
    EX21:e69825f9dc31EX21:e69825f9dc31Subsidiarie97%
    EX21:e77ad4ea102aEX21:e77ad4ea102aSubsidiarie97%
    EX21:e7f2de0e9638EX21:e7f2de0e9638Subsidiarie97%
    EX21:e99eefd312a2EX21:e99eefd312a2Subsidiarie97%

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 56 %
    EPS
    Consensus EPS
    47,68
    Predicted surprise
    +0,01
    Beat probability
    56 %
    Analysts
    19
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-22 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate47,68
    Revenue—no estimate—no estimate492,3M USD
    Operating income—no estimate—no estimate16,8B USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Corporate eventM&A horizon
    M&A probabilityconf 5 %
    Probability
    5 %
    Base rate
    3 %
    Band
    —
    180-day horizon · target 2027-01-03 · 1,8× base rate
    No acquirer candidates identified by the signal model.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution19 analysts
    Strong buy4
    Buy13
    Hold2
    Sell0
    Strong sell0
    12-month price target$335,65 · Median $263,38
    Low $145,00High $705,00
    Operating income · consensus16,8B USD
    EPS surprise
    −131,9 %
    reported vs consensus · miss
    Revenue surprise
    −3,1 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$145,00
    Mean$335,65
    Median$263,38
    High$705,00
    Spot$99,61
    +237.0 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskMedium
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.
    • Source documents mention dilution or offering risk.

    Benchmarks vs cohort

    Op Margin-1 140,8 %Bottom quartile
    Net Margin-806,3 %Bottom quartile
    ROE-10,5 %Bottom quartile
    Capex / Rev1,7 %Above P75
    D/E0,22Below median
    Cash Conv0,02Bottom quartile

    Corporate actions / M&A

    M&A probabilityconf —
    Probability
    5 %
    Base rate
    3 %
    Band
    Moderate
    180-day horizon · target 2027-01-03 · 1,8× base rate
    No acquirer candidates identified by the signal model.
    Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    Derivative transactions

    Net disposed 311 768 sh26 exercises · 14 grants10 insiders
    • Patten Jarrod MDirector · Director Stock Option (Right to buy) → Class A Common StockDisposed 1 500 @ $18,24exercise · 2026-06-23
    • Patten Jarrod MDirector · Director Stock Option (Right to buy) → Class A Common StockDisposed 1 500 @ $18,24exercise · 2026-06-17
    • Patten Jarrod MDirector · Director Stock Option (Right to buy) → Class A Common StockDisposed 1 500 @ $18,24exercise · 2026-06-15
    • Le PhongDirector, President & CEO · Restricted Stock Units → Class A Common StockDisposed 11 920exercise · 2026-06-08
    • Kang AndrewEVP & CFO · Restricted Stock Units → Class A Common StockDisposed 4 260exercise · 2026-06-08
    • Montgomery JeanineVP & CAO · Restricted Stock Units → Class A Common StockDisposed 1 140exercise · 2026-06-08
    • Kang AndrewEVP & CFO · Performance Stock Unit → Class A Common StockDisposed 68 120exercise · 2026-06-03
    • Le PhongDirector, President & CEO · Performance Stock Unit → Class A Common StockDisposed 190 740exercise · 2026-06-03
    • RICKERTSEN CARL JDirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • Patten Jarrod MDirector · Restricted Stock Units → Class A Common StockDisposed 406exercise · 2026-05-31
    • Patten Jarrod MDirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31
    • Patten Jarrod MDirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • GRAHAM STEPHEN XDirector · Restricted Stock Units → Class A Common StockDisposed 406exercise · 2026-05-31
    • GRAHAM STEPHEN XDirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • Dietze Jane ADirector · Restricted Stock Units → Class A Common StockDisposed 406exercise · 2026-05-31
    • Dietze Jane ADirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31
    • Dietze Jane ADirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • BROOKS BRIAN PDirector · Restricted Stock Units → Class A Common StockDisposed 406exercise · 2026-05-31
    • BROOKS BRIAN PDirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31
    • BROOKS BRIAN PDirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • GRAHAM STEPHEN XDirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31
    • Briger Peter L JRDirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31
    • Briger Peter L JRDirector · Restricted Stock Units → Class A Common StockAcquired 943grant · 2026-05-31
    • WINIARSKI GREGGDirector · Restricted Stock Units → Class A Common StockDisposed 406exercise · 2026-05-31
    • WINIARSKI GREGGDirector · Director Stock Option (Right to buy) → Class A Common StockAcquired 1 221 @ $159,09grant · 2026-05-31

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Regulatory filings
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Enterprise Value
      market_cap - net_cash
    • Return On Assets
      net_income / total_assets
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Strategy Inc company facts · 2026-07-07
    • Strategy Inc 10-Q 2026-05-06 · 2026-07-07
    • Strategy Inc 10-K 2026-02-19 · 2026-07-07
    • Strategy Inc 10-Q 2025-11-03 · 2026-07-07
    • Strategy Inc 10-Q 2025-08-05 · 2026-07-07
    • 8-K (sec_8k_material) on MSTR · 2026-07-07
    • Strategy Inc HA canonical relationships · 2026-07-07
    • Strategy Inc — company reference export (2026-07-05) · 2026-07-07

    Ownership & reference

    Top holders

    • JPMorgan Private Bank (United States)Investment Managers · as of 2026-03-310,31 %$5M
    • First Trust Advisors L.P.Investment Managers · as of 2026-03-310,07 %$94M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,05 %$3 656M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,04 %$579M
    • Nuveen LLCInvestment Managers · as of 2024-12-310,03 %$116M
    • Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,03 %$194M
    • Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,03 %$223M
    • Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,03 %$220M
    • Victory Capital Management Inc.Investment Managers · as of 2026-03-310,02 %$27M
    • EATON VANCE MANAGEMENTInstitutional Investor · as of 2022-09-300,01 %$0M
    • AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,01 %$18M
    • T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,01 %$0M
    • AllianceBernstein L.P.Investment Managers · as of 2026-03-310,01 %$18M
    • LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$18M
    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,00 %$11M
    • Capital Research Global InvestorsInvestment Managers · as of 2026-03-310,00 %$12M
    • AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$12M
    • American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$5M
    • FMR LLCInstitutional Investor · as of 2026-03-310,00 %$40M
    • Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$8M
    • JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$3M
    • Invesco QQQ TrustFunds · as of 2026-03-310,00 %$3M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$12M
    • JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$1M
    • Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$1M
    • Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,00 %$1M
    • Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$0M
    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M

    Leadership

    • Michael J. SaylorExecutive Chairman of the Board
    • Phong Q. LePresident, Chief Executive Officer, Director

    Insider activity

    Net selling5 buys · 65 sellsnet -$22,2M10 insiders · last 365d
    • Patten Jarrod MDirector · Class A Common StockOther 1 500 @ $18,24$27K · 2026-06-23
    • Patten Jarrod MDirector · Class A Common StockSold 1 500 @ $106,08$159K · 2026-06-23
    • Le PhongDirector, President & CEO · Series A Perpetual Stretch Preferred StockBought 11 000 @ $90,80$999K · 2026-06-22
    • Patten Jarrod MDirector · Class A Common StockOther 1 500 @ $18,24$27K · 2026-06-17
    • Patten Jarrod MDirector · Class A Common StockSold 1 500 @ $121,31$182K · 2026-06-17
    • Chow Thomas C.EVP & General Counsel · Series A Perpetual Stretch Preferred StockBought 100 @ $92,71$9K · 2026-06-16
    • Chow Thomas C.EVP & General Counsel · Series A Perpetual Strike Preferred StockBought 11 @ $66,10$727 · 2026-06-16
    • Patten Jarrod MDirector · Class A Common StockSold 1 500 @ $133,97$201K · 2026-06-15
    • Patten Jarrod MDirector · Class A Common StockOther 1 500 @ $18,24$27K · 2026-06-15
    • Kang AndrewEVP & CFO · Class A Common StockSold 20 @ $124,88$2K · 2026-06-09
    • Montgomery JeanineVP & CAO · Class A Common StockSold 165 @ $124,33$21K · 2026-06-09
    • Montgomery JeanineVP & CAO · Class A Common StockSold 4 @ $124,88$500 · 2026-06-09
    • Le PhongDirector, President & CEO · Class A Common StockSold 2 888 @ $123,38$356K · 2026-06-09
    • Le PhongDirector, President & CEO · Class A Common StockSold 2 579 @ $124,33$321K · 2026-06-09
    • Le PhongDirector, President & CEO · Class A Common StockSold 55 @ $124,88$7K · 2026-06-09
    • Kang AndrewEVP & CFO · Class A Common StockSold 1 019 @ $123,38$126K · 2026-06-09
    • Kang AndrewEVP & CFO · Class A Common StockSold 910 @ $124,33$113K · 2026-06-09
    • Montgomery JeanineVP & CAO · Class A Common StockSold 185 @ $123,38$23K · 2026-06-09
    • Le PhongDirector, President & CEO · Class A Common StockOther 11 920 · 2026-06-08
    • Montgomery JeanineVP & CAO · Class A Common StockOther 1 140 · 2026-06-08
    • Kang AndrewEVP & CFO · Class A Common StockOther 4 260 · 2026-06-08
    • Kang AndrewEVP & CFO · Class A Common StockSold 5 750 @ $119,53$687K · 2026-06-05
    • Le PhongDirector, President & CEO · Class A Common StockSold 1 650 @ $114,79$189K · 2026-06-05
    • Le PhongDirector, President & CEO · Class A Common StockSold 10 719 @ $115,35$1,2M · 2026-06-05
    • Le PhongDirector, President & CEO · Class A Common StockSold 13 149 @ $116,57$1,5M · 2026-06-05

    Short positioning

    40.9Mshares short+8.5% vs prior
    1.82days to cover
    42.9%short of daily vol
    3.5Kfails-to-deliver
    as of 2026-06-15 · short-interest report (free)
    Index membership
    Nasdaq 100

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    MSTRCanonical
    Nasdaq · USD

    Intel & risk

    PredictorBeat prob56 %Surprise+0,01M&A prob5 %Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskMedium
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.
    Source documents mention dilution or offering risk.
    Relationship graph
    MSTRMSFTCRMNOWEX21:0cdEX21:0d4EX21:191EX21:31bEX21:396EX21:54aEX21:618Software
    This companyPeerSectorSubsidiaries

    Evidence & claims

    From filings & derived data
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -151.3%Derived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): 175.8%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 39.2%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 138.5%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 42.4%Derived (calculated)
    • Revenue (YoY) (2025-12-31 vs 2024-12-31): 3.0%Derived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): -20.8%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): -193.8%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -26.8%Derived (calculated)
    • Net income (YoY) (2025-12-31 vs 2024-12-31): -229.8%Derived (calculated)
    • Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 13.9%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 15.4%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -151.3%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 5,937.9%Derived (calculated)
    • Net margin (FY 2025-12-31): -806.3%Derived (calculated)
    • Gross margin (FY 2025-12-31): 68.7%Derived (calculated)
    • Return on equity (FY 2025-12-31): -8.7%Derived (calculated)
    • Return on assets (FY 2025-12-31): -6.2%Derived (calculated)
    • Current ratio (FY 2025-12-31): 5.62xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 0.24xDerived (calculated)
    • Gross profit (YoY) (2025-12-31 vs 2024-12-31): -1.8%Derived (calculated)
    • Capex (annual): USD 8.21MSEC XBRL filing
    • Current assets (annual): USD 2.56BSEC XBRL filing
    • Total liabilities (annual): USD 10.6BSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage