Strategy (MSTR) Cost of Revenue (2010 - 2026)

Strategy's Cost of Revenue history runs 17 years deep, the most recent figure standing at $40.9 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 20.53% year-over-year to $40.9 million; the TTM figure through Mar 2026 stood at $138.4 million (up 6.49% YoY), while the FY2025 annual figure was $123.0 million, down 5.03% from the prior year.
• Cost of Revenue came in at $40.9 million for Q1 2026 at Strategy, up from $31.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $41.4 million in Q4 2022 to a low of $572000.0 in Q4 2023.
• A 5-year average of $31.2 million and a median of $34.0 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 98.62% in 2023 and jumped 4506.99% in 2024, its largest moves.
• Strategy's Cost of Revenue stood at $41.4 million in 2022, then tumbled by 98.62% to $572000.0 in 2023, then surged by 4506.99% to $26.4 million in 2024, then increased by 20.77% to $31.8 million in 2025, then climbed by 28.66% to $40.9 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $40.9 million, $31.8 million, and $29.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison