KPIs & Operating Metrics(New)
Growth Metrics

Strategy (MSTR) Change in Receivables (2010 - 2026)

Strategy recorded quarterly Change in Receivables of -$1.2 million in Q1 2026, down 130.78% quarter-over-quarter from $3.9 million in Q4 2025, and up 88.56% year-over-year from -$639584.1 in Q1 2025.

Strategy's Change in Receivables history runs 17 years deep, the most recent figure standing at -$1.2 million for Q1 2026.

  • In Q1 2026, Change in Receivables rose 88.56% year-over-year to -$1.2 million; the TTM figure through Mar 2026 stood at -$11.1 million (down 136.08% YoY), while the FY2025 annual figure was -$20.4 million, down 222.01% from the prior year.
  • Change in Receivables came in at -$1.2 million for Q1 2026 at Strategy, down from $3.9 million in the prior quarter.
  • In the past five years, Change in Receivables ranged from a high of $21.3 million in Q4 2024 to a low of -$12.2 million in Q1 2024.
  • A 5-year average of -$2.0 million and a median of -$5.1 million in 2023 frame the typical range for Change in Receivables.
  • Across the five-year window, Change in Receivables surged 556.31% in 2022 and slumped 582.7% in 2023, its largest moves.
  • Strategy's Change in Receivables stood at $10.9 million in 2022, then tumbled by 146.58% to -$5.1 million in 2023, then surged by 520.35% to $21.3 million in 2024, then tumbled by 81.6% to $3.9 million in 2025, then slumped by 130.78% to -$1.2 million in 2026.
  • According to Business Quant data, Change in Receivables over the past three periods registered -$1.2 million, $3.9 million, and -$9.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -2.11 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 8.63 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 74.00 Mn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn -
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn -912.00 Mn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 18.55 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn -252.00 Mn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 179.30 Mn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn -342.00 Mn
10 Strategy 53.39 Bn 53.39 Bn 83.35 Mn -1.21 Mn

Historic Data

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DateValue
Mar 31, 2026 -1.21 Mn
Mar 31, 2026 -1.21 Mn
Dec 31, 2025 3.92 Mn
Dec 31, 2025 3.92 Mn
Sep 30, 2025 -9.36 Mn
Sep 30, 2025 -9.36 Mn
Jun 30, 2025 -4.42 Mn
Jun 30, 2025 -4.42 Mn
Mar 31, 2025 -10.54 Mn
Mar 31, 2025 -10.54 Mn
Dec 31, 2024 21.30 Mn
Dec 31, 2024 21.30 Mn
Sep 30, 2024 -7.56 Mn
Sep 30, 2024 -7.56 Mn
Jun 30, 2024 -7.89 Mn
Jun 30, 2024 -7.89 Mn
Mar 31, 2024 -12.19 Mn
Mar 31, 2024 -12.19 Mn
Dec 31, 2023 -5.07 Mn
Dec 31, 2023 -5.07 Mn
Sep 30, 2023 11.11 Mn
Sep 30, 2023 11.11 Mn
Jun 30, 2023 -7.50 Mn
Jun 30, 2023 -7.50 Mn
Mar 31, 2023 -10.24 Mn
Mar 31, 2023 -10.24 Mn
Dec 31, 2022 10.88 Mn
Dec 31, 2022 10.88 Mn
Sep 30, 2022 3.70 Mn
Sep 30, 2022 3.70 Mn
Jun 30, 2022 -1.10 Mn
Jun 30, 2022 -1.10 Mn
Mar 31, 2022 -8.18 Mn
Mar 31, 2022 -8.18 Mn
Dec 31, 2021 8.02 Mn
Dec 31, 2021 8.02 Mn
Sep 30, 2021 563,000.00
Sep 30, 2021 563,000.00
Jun 30, 2021 -4.42 Mn
Jun 30, 2021 -4.42 Mn
Mar 31, 2021 -6.77 Mn
Mar 31, 2021 -6.77 Mn
Dec 31, 2020 7.21 Mn
Dec 31, 2020 7.21 Mn
Sep 30, 2020 14.58 Mn
Sep 30, 2020 14.58 Mn
Jun 30, 2020 -6.62 Mn
Jun 30, 2020 -6.62 Mn
Mar 31, 2020 -14.41 Mn
Mar 31, 2020 -14.41 Mn
Dec 31, 2019 15.45 Mn
Dec 31, 2019 15.45 Mn
Sep 30, 2019 -5.80 Mn
Sep 30, 2019 -5.80 Mn
Jun 30, 2019 4.28 Mn
Jun 30, 2019 4.28 Mn
Mar 31, 2019 -10.27 Mn
Mar 31, 2019 -10.27 Mn
Dec 31, 2018 17.66 Mn
Dec 31, 2018 17.66 Mn
Sep 30, 2018 -4.26 Mn
Sep 30, 2018 -4.26 Mn
Jun 30, 2018 -4.62 Mn
Jun 30, 2018 -4.62 Mn
Mar 31, 2018 -422,000.00
Mar 31, 2018 -422,000.00
Dec 31, 2017 3.46 Mn
Dec 31, 2017 3.46 Mn
Sep 30, 2017 -2.77 Mn
Sep 30, 2017 -2.77 Mn
Jun 30, 2017 -6.45 Mn
Jun 30, 2017 -6.45 Mn
Mar 31, 2017 -9.58 Mn
Mar 31, 2017 -9.58 Mn
Dec 31, 2016 25.86 Mn
Dec 31, 2016 25.86 Mn
Sep 30, 2016 3.89 Mn
Sep 30, 2016 3.89 Mn
Jun 30, 2016 -961,000.00
Jun 30, 2016 -961,000.00
Mar 31, 2016 -11.92 Mn
Mar 31, 2016 -11.92 Mn
Dec 31, 2015 14.51 Mn
Dec 31, 2015 14.51 Mn
Sep 30, 2015 147,000.00
Sep 30, 2015 147,000.00
Jun 30, 2015 -3.49 Mn
Jun 30, 2015 -3.49 Mn
Mar 31, 2015 -16.16 Mn
Mar 31, 2015 -16.16 Mn
Dec 31, 2014 23.76 Mn
Dec 31, 2014 23.76 Mn
Sep 30, 2014 2.96 Mn
Sep 30, 2014 2.96 Mn
Jun 30, 2014 -9.88 Mn
Jun 30, 2014 -9.88 Mn
Mar 31, 2014 -16.56 Mn
Mar 31, 2014 -16.56 Mn
Dec 31, 2013 23.73 Mn
Dec 31, 2013 23.73 Mn
Sep 30, 2013 -11.70 Mn
Sep 30, 2013 -11.70 Mn
Jun 30, 2013 4.69 Mn
Jun 30, 2013 4.69 Mn
Mar 31, 2013 -17.39 Mn
Mar 31, 2013 -17.39 Mn
Dec 31, 2012 14.61 Mn
Dec 31, 2012 14.61 Mn
Sep 30, 2012 -3.00 Mn
Sep 30, 2012 -3.00 Mn
Jun 30, 2012 5.28 Mn
Jun 30, 2012 5.28 Mn
Mar 31, 2012 -17.41 Mn
Mar 31, 2012 -17.41 Mn
Dec 31, 2011 18.72 Mn
Dec 31, 2011 18.72 Mn
Sep 30, 2011 8.76 Mn
Sep 30, 2011 8.76 Mn
Jun 30, 2011 5.65 Mn
Jun 30, 2011 5.65 Mn
Mar 31, 2011 -18.80 Mn
Mar 31, 2011 -18.80 Mn
Dec 31, 2010 25.95 Mn
Dec 31, 2010 25.95 Mn
Sep 30, 2010 3.78 Mn
Sep 30, 2010 3.78 Mn