Strategy (MSTR) Debt to Equity (2020 - 2026)
Strategy recorded quarterly Debt to Equity of $0.22 in Q1 2026, up 20.48% quarter-over-quarter from $0.19 in Q4 2025, and down 11.48% year-over-year from $0.25 in Q1 2025.
Strategy's Debt to Equity history runs 7 years deep, the most recent figure standing at $0.22 for Q1 2026.
- In Q1 2026, Debt to Equity fell 11.48% year-over-year to $0.22; the TTM figure through Mar 2026 stood at $0.22 (down 11.48% YoY), while the FY2025 annual figure was $0.19, down 20.05% from the prior year.
- Debt to Equity came in at $0.22 for Q1 2026 at Strategy, up from $0.19 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $4.91 in Q1 2023 to a low of -$12.7 in Q2 2022.
- A 5-year average of -$0.69 and a median of $0.25 in 2025 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity plunged 382.06% in 2022 and jumped 121.86% in 2023, its largest moves.
- Strategy's Debt to Equity stood at -$6.21 in 2022, then soared by 116.24% to $1.01 in 2023, then sank by 76.97% to $0.23 in 2024, then fell by 20.05% to $0.19 in 2025, then grew by 20.48% to $0.22 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.22, $0.19, and $0.16 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 0.13 |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 0.24 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 0.42 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | - |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | - |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 0.44 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 0.07 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 0.63 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 0.30 |
| 10 | Strategy | 53.39 Bn | 53.39 Bn | 83.35 Mn | 0.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.22 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.16 |
| Jun 30, 2025 | 0.17 |
| Mar 31, 2025 | 0.25 |
| Dec 31, 2024 | 0.23 |
| Sep 30, 2024 | 1.12 |
| Jun 30, 2024 | 1.36 |
| Mar 31, 2024 | 1.48 |
| Dec 31, 2023 | 1.01 |
| Sep 30, 2023 | 2.59 |
| Jun 30, 2023 | 2.66 |
| Mar 31, 2023 | 4.91 |
| Dec 31, 2022 | -6.21 |
| Sep 30, 2022 | -11.87 |
| Jun 30, 2022 | -12.70 |
| Mar 31, 2022 | 2.74 |
| Dec 31, 2021 | 2.20 |
| Sep 30, 2021 | 4.67 |
| Jun 30, 2021 | 27.78 |
| Dec 31, 2020 | 1.09 |