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

Strategy has disclosed Cost of Revenue across 17 years of filings, most recently posting $40.8 million for Q2 2026.

• In Q2 2026, Cost of Revenue rose 14.18% year-over-year to $40.8 million; the TTM figure through Jun 2026 stood at $161.5 million (up 16.8% YoY), while the FY2025 annual figure was $149.4 million, up 15.41% from the prior year.
• Cost of Revenue came in at $40.8 million for Q2 2026 at Strategy, roughly flat from $40.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $41.7 million in Q4 2025 to a low of $25.2 million in Q2 2022.
• Average Cost of Revenue over 5 years is $31.9 million, with a median of $30.5 million recorded in 2024.
• Year-over-year, Cost of Revenue increased 5.03% in 2023 and advanced 28.84% in 2024.
• Over 5 years, Cost of Revenue stood at $26.7 million in 2022, then rose by 5.61% to $28.2 million in 2023, then gained by 21.08% to $34.2 million in 2024, then gained by 21.99% to $41.7 million in 2025, then fell by 2.08% to $40.8 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $40.8 million in Q2 2026, $40.9 million in Q1 2026, and $41.7 million in Q4 2025.