Strategy Inc (MSTR) Stock Price & Analysis
Strategy Inc (MSTR) closed at USD 145.8 on Thursday, October 22, 2026, down 5.00% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 145.8; the Oct 22, 2026 session ranged USD 143.42–149.4 on volume of 20,549,884 shares. Market capitalization is —, with a 52-week range of USD 81.81–299.8 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MSTR.md
Key facts (MSTR)
- Last four reported quarters (through Jun 30, 2026): revenue $498M, net income -$30.4B (-6103.0% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold MSTR (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.94 on a 1–5 scale) (16 analysts), mean target USD 239.27 (range 165–435).
- Total return with dividends: 1Y -48.8% vs S&P 500 +14.9%; 5Y +102.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 17.98, revenue estimate $129M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MSTR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $511M | $499M | $496M | $463M | $477M | $498M |
| Gross profit | $419M | $396M | $386M | $334M | $328M | — |
| Operating income | -$785M | -$1.28B | -$115M | -$1.85B | -$5.44B | -$36.4B |
| Net income | -$535M | -$1.47B | $429M | -$1.17B | -$3.85B | -$30.4B |
| EPS (diluted) | -$5.34 | -$12.98 | $2.64 | -$6.06 | -$15.23 | — |
| Free cash flow | $91.1M | $725K | $9.8M | -$56.0M | -$75.5M | -$26.2M |
| Gross margin | 82.0% | 79.4% | 77.8% | 72.1% | 68.7% | — |
| Operating margin | -153.6% | -255.5% | -23.2% | -399.8% | -1140.8% | -7295.4% |
| Net margin | -104.8% | -294.4% | 86.5% | -251.7% | -806.3% | -6103.0% |
| Revenue growth | +6.2% | -2.3% | -0.6% | -6.6% | +3.0% | — |
| Cash + short-term investments | $63.4M | $43.8M | — | — | $2.30B | — |
| Total debt | $2.16B | $2.38B | $2.18B | $7.19B | $8.19B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MSTR)
P/S 123.9x · P/B 2.0x · FCF yield -0.04% · Earnings yield -49.26%
P/E at fiscal year-ends: Dec 2023 24.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (MSTR)
1 of 80 tracked investors hold MSTR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 1.03% | $4.4M | Reduced -3.6% |
Analysts (MSTR)
Consensus Buy (mean 1.94 on a 1–5 scale), 16 analysts; mean target USD 239.27 (low 165, high 435).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Cantor Fitzgerald | Target raised | Overweight | $186 → $208 |
| 2026-10-09 | Barclays | Target raised | Overweight | $160 → $175 |
| 2026-10-02 | Citigroup | Target raised | Buy | $136 → $240 |
| 2026-09-22 | B. Riley Securities | Target raised | Buy | $175 → $195 |
| 2026-09-15 | Barclays | Target raised | Overweight | $125 → $160 |
| 2026-09-08 | Canaccord Genuity | Target raised | Buy | $175 → $179 |
| 2026-09-03 | B. Riley Securities | Target raised | Buy | $155 → $175 |
| 2026-09-02 | Alliance Global Partners | Initiated | Buy | $217 |
| 2026-08-26 | Bernstein | Target lowered | Outperform | $450 → $350 |
| 2026-08-25 | Canaccord Genuity | Target raised | Buy | $130 → $175 |
| 2026-08-03 | B. Riley Securities | Target lowered | Buy | $215 → $155 |
| 2026-08-03 | Cantor Fitzgerald | Target lowered | Overweight | $212 → $186 |
Total return (dividends reinvested) (MSTR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -48.8% | +102.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -49.0% | +15.2% |
| Volatility (annualized) | 81.2% | 89.1% |
| Max drawdown | -72.2% (Oct 2025→Jun 2026) | -82.6% (Nov 2021→Dec 2022) |
MSTR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Software | $122.4M | 100.0% | +6.9% |
| Total revenue | $122.4M | 100% | — |
MSTR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total product licenses and subscription services | $66.5M | 54.4% | +38.6% |
| — Subscription services (part of Total product licenses and subscription services) | $62.9M | 51.4% | +54.0% |
| — Product licenses (part of Total product licenses and subscription services) | $3.7M | 3.0% | -48.9% |
| Product support | $40.2M | 32.9% | -22.7% |
| Other services | $15.6M | 12.7% | +8.3% |
| Total revenue | $122.4M | 100% | — |
MSTR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $68.4M | 55.9% | +4.7% |
| EMEA | $42.5M | 34.7% | +7.7% |
| Other Regions | $11.5M | 9.4% | +18.0% |
| Total revenue | $122.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MSTR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Microsoft (MSFT) | “Our cloud-native, containerized architecture has been optimized for all three hyperscalers – AWS, Azure, and GCP – giving our customers freedom of choice and making it easy to embed analytics into custom or third-party cloud and mobile applications.” |
| Customer | Amazon (AMZN) | “Our cloud-native, containerized architecture has been optimized for all three hyperscalers – AWS, Azure, and GCP – giving our customers freedom of choice and making it easy to embed analytics into custom or third-party cloud and mobile applications.” |
| Customer | Alphabet (Google) (GOOGL) | “In addition, we serve our customers and manage certain critical internal processes using a third-party data center hosting facility located in the United States and other third-party services, including AWS, Azure, Google, and other cloud services.” |
| Customer | Coinbase Custody Trust Company | “For example, in October 2021 it was reported that hackers exploited a flaw in the account recovery process and stole from the accounts of at least 6,000 customers of the Coinbase exchange (our principal market for bitcoin), although the flaw was subsequently fixed and Coinbase reimbursed affected customers.” |
| Partner | Federal Deposit Insurance | “Further, the bitcoin that we hold with our custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
| Partner | Securities Investor Protection | “Further, the bitcoin that we hold with our custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.” |
| Competitor | IBM (IBM) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | Oracle (ORCL) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | Salesforce (CRM) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
| Competitor | SAP (SAP) | “For enterprise analytics, Strategy competes with global ISVs, such as IBM, Microsoft, Oracle, Salesforce, and SAP.” |
Quoted from the company's 10-K filed Feb 19, 2026.
Companies that name MSTR in their SEC reports
| Relationship to MSTR | Company | Filing | Sentence |
|---|---|---|---|
| partner | Strive, Inc. (ASST) | 10-K Mar 19, 2026 | “Upon receiving an incident report, Corporate Strategy and our MSP perform an initial assessment to determine severity level, whether escalation to executive leadership is needed, and whether cyber insurance notification and approved partner engagement is required.” |
MSTR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $17.98 | $14.65 | +22.7% | $129.4M | 9 |
| Next quarter (ends Dec 2026) | $12.67 | $20.43 | -38.0% | $126.8M | 8 |
| Current fiscal year (ends Dec 2026) | $-19.12 | $16.87 | -213.4% | $501.7M | 11 |
| Next fiscal year (ends Dec 2027) | $13.04 | $8.77 | +48.7% | $512.8M | 8 |
Key Statistics (as of October 23, 2026 at 10:01 UTC)
| Price | USD 145.8 |
|---|---|
| Change | ▼ 5.00% (down) |
| Previous Close | USD 145.8 |
| Open | USD 145.8 |
| Day Range | USD 143.42 – 149.4 |
| 52-Week Range | USD 81.81 – 299.8 |
| Volume | 20,549,884 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (MSTR)
Nexqual's technical model rates MSTR "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 48.29 (neutral) |
| vs SMA50 | Above (USD 138.72) |
| MACD | 0.81 (positive) |
Analyst Ratings (MSTR)
Wall Street analysts rate MSTR "Buy" based on 16 analysts, with a mean price target of USD 239.27 (range USD 165–435), per Nexqual as of October 23, 2026 at 10:01 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 239.27 |
| High Target | USD 435 |
| Low Target | USD 165 |
| Buy / Hold / Sell | 15 / 1 / 0 |
Earnings (MSTR)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 12.63 |
| Revenue Estimate | $129.36M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -24.45 vs est 3.07 ▼ miss |
| 2026-03-31 | USD -38.25 vs est -15.33 ▼ miss |
| 2025-12-31 | USD -42.93 vs est -20.99 ▼ miss |
| 2025-09-30 | USD 8.42 vs est 9.67 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Financials & Fundamentals (MSTR)
| Total Revenue | $498.35M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.90% |
| Gross Margin | +67.60% |
| Operating Margin | -6808.11% |
| Profit Margin | +0.00% |
| ROE | -63.56% |
| Debt / Equity | 0.15 |
| Current Ratio | 5.39 |
| Total Cash | $2.45B |
| Total Debt | $6.77B |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Ownership (MSTR)
| Insider Ownership | +0.20% |
|---|---|
| Institutional Ownership | +55.05% |
| Shares Outstanding | 403.81M |
| Float | 363.63M |
| Short % of Float | +7.29% |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
From Strategy Inc's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Strategy has established strategic partnerships with a wide variety of third-party vendors, including cloud hosting providers (AWS, Microsoft, STACKIT, and Google), system integrators, consulting firms, value added resellers ("VARs"), managed service providers ("MSPs"), and independent software vendors ("ISVs").
- Through our bitcoin treasury operations, we execute on our bitcoin acquisitions, capital management and capital markets strategies, which are designed to enable us to accumulate bitcoin in a manner we believe to be accretive to our shareholders in the long term and to generate value from our bitcoin holdings.
- Our objective is to maintain a capital structure that supports continued bitcoin accumulation, enables us to generate value from our bitcoin holdings, positions us to satisfy our financial obligations and provides resilience across market cycles.
- We believe offering a range of securities, including equity and fixed income instruments, enables us to flexibly access a broad spectrum of investors, which in turn enables us to execute on our strategy of acquiring bitcoin in a manner we believe to be accretive to common stockholders on a per share basis.
Partnerships
- Strategy's government cloud solution achieved this designation through collaboration with the U.S.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TEAM | Atlassian Corporation | USD 223.16 | ▼ 1.04% |
| ADSK | Autodesk, Inc. | USD 254.95 | ▲ 4.13% |
| WDAY | Workday, Inc. | USD 209.99 | ▲ 3.46% |
| INTU | Intuit Inc. | USD 354.9 | ▲ 5.75% |
| CDNS | Cadence Design Systems, Inc. | USD 309.65 | ▼ 5.04% |
| DDOG | Datadog, Inc. | USD 257.75 | ▼ 5.62% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt