KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesLong-Term Debt IssuancesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsPreferred Shares IssuedProperty, Plant & Equipment (Gross)Receivables - NetReceivables - OtherShares Issued
Ratios

Strategy (MSTR) Cost of Revenue (2016 - 2025)

Strategy (MSTR) has disclosed Cost of Revenue for 16 consecutive years, with $31.8 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue fell 8.98% to $31.8 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $131.5 million through Dec 2025, down 1.59% year-over-year, with the annual reading at $123.0 million for FY2025, 10.95% down from the prior year.
  • Cost of Revenue hit $31.8 million in Q4 2025 for Strategy, up from $29.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $67.9 million in Q4 2023 to a low of $22.3 million in Q3 2021.
  • Historically, Cost of Revenue has averaged $34.1 million across 5 years, with a median of $34.3 million in 2024.
  • Biggest five-year swings in Cost of Revenue: tumbled 69.48% in 2021 and later surged 72.36% in 2022.
  • Year by year, Cost of Revenue stood at $24.0 million in 2021, then soared by 72.36% to $41.4 million in 2022, then skyrocketed by 64.24% to $67.9 million in 2023, then tumbled by 48.54% to $35.0 million in 2024, then fell by 8.98% to $31.8 million in 2025.
  • Business Quant data shows Cost of Revenue for MSTR at $31.8 million in Q4 2025, $29.9 million in Q3 2025, and $35.8 million in Q2 2025.