Strategy (MSTR) EBITDA (2010 - 2026)
Strategy recorded quarterly EBITDA of -$14.5 billion in Q1 2026, up 17.06% quarter-over-quarter from -$17.4 billion in Q4 2025, and down 144.37% year-over-year from $32.6 billion in Q1 2025.
Strategy's EBITDA history runs 17 years deep, the most recent figure standing at -$14.5 billion for Q1 2026.
- In Q1 2026, EBITDA fell 144.37% year-over-year to -$14.5 billion; the TTM figure through Mar 2026 stood at -$14.0 billion (down 84.84% YoY), while the FY2025 annual figure was -$5.4 billion, down 193.82% from the prior year.
- EBITDA came in at -$14.5 billion for Q1 2026 at Strategy, up from -$17.4 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $14.0 billion in Q2 2025 to a low of -$17.4 billion in Q4 2025.
- A 5-year average of -$1.4 billion and a median of -$193.7 million in 2022 frame the typical range for EBITDA.
- On a YoY basis, EBITDA climbed as much as 7106.4% in 2025 and fell as far as 2806.9% in 2025.
- Strategy's EBITDA stood at -$193.7 million in 2022, then jumped by 77.91% to -$42.8 million in 2023, then sank by 2275.65% to -$1.0 billion in 2024, then sank by 1616.4% to -$17.4 billion in 2025, then gained by 17.06% to -$14.5 billion in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$14.5 billion, -$17.4 billion, and $3.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.87 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.92 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -586.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 457.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 431.33 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 2.42 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -1.37 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.02 Bn |
| 10 | Strategy | 53.39 Bn | 53.39 Bn | 83.35 Mn | -14.47 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.47 Bn |
| Dec 31, 2025 | -17.45 Bn |
| Sep 30, 2025 | 3.89 Bn |
| Jun 30, 2025 | 14.03 Bn |
| Mar 31, 2025 | -5.92 Bn |
| Dec 31, 2024 | -1.02 Bn |
| Sep 30, 2024 | -432.58 Mn |
| Jun 30, 2024 | -200.27 Mn |
| Mar 31, 2024 | -203.70 Mn |
| Dec 31, 2023 | -42.79 Mn |
| Sep 30, 2023 | -25.25 Mn |
| Jun 30, 2023 | -26.71 Mn |
| Mar 31, 2023 | -20.31 Mn |
| Dec 31, 2022 | -193.72 Mn |
| Sep 30, 2022 | 6.06 Mn |
| Jun 30, 2022 | -918.12 Mn |
| Mar 31, 2022 | -169.96 Mn |
| Dec 31, 2021 | -137.47 Mn |
| Sep 30, 2021 | -49.66 Mn |
| Jun 30, 2021 | -414.25 Mn |
| Mar 31, 2021 | -183.15 Mn |
| Dec 31, 2020 | 390,000.00 |
| Sep 30, 2020 | -20.27 Mn |
| Jun 30, 2020 | 6.33 Mn |
| Mar 31, 2020 | -72,000.00 |
| Dec 31, 2019 | 9.63 Mn |
| Sep 30, 2019 | 4.59 Mn |
| Jun 30, 2019 | -4.83 Mn |
| Mar 31, 2019 | -10.39 Mn |
| Dec 31, 2018 | -2.16 Mn |
| Sep 30, 2018 | 7.22 Mn |
| Jun 30, 2018 | -1.80 Mn |
| Mar 31, 2018 | 715,000.00 |
| Dec 31, 2017 | 17.14 Mn |
| Sep 30, 2017 | 21.17 Mn |
| Jun 30, 2017 | 14.08 Mn |
| Mar 31, 2017 | 20.84 Mn |
| Dec 31, 2016 | 38.63 Mn |
| Sep 30, 2016 | 30.01 Mn |
| Jun 30, 2016 | 21.08 Mn |
| Mar 31, 2016 | 19.80 Mn |
| Dec 31, 2015 | 45.89 Mn |
| Sep 30, 2015 | 30.73 Mn |
| Jun 30, 2015 | 34.75 Mn |
| Mar 31, 2015 | 22.65 Mn |
| Dec 31, 2014 | 33.17 Mn |
| Sep 30, 2014 | -6.99 Mn |
| Jun 30, 2014 | -12.73 Mn |
| Mar 31, 2014 | -8.35 Mn |
| Dec 31, 2013 | 18.52 Mn |
| Sep 30, 2013 | 11.63 Mn |
| Jun 30, 2013 | -2.05 Mn |
| Mar 31, 2013 | -8.66 Mn |
| Dec 31, 2012 | 13.69 Mn |
| Sep 30, 2012 | 7.30 Mn |
| Jun 30, 2012 | 10.49 Mn |
| Mar 31, 2012 | 1.62 Mn |
| Dec 31, 2011 | 14.78 Mn |
| Sep 30, 2011 | 1.54 Mn |
| Jun 30, 2011 | 3.47 Mn |
| Mar 31, 2011 | 1.08 Mn |
| Dec 31, 2010 | 18.86 Mn |
| Sep 30, 2010 | 9.80 Mn |
| Jun 30, 2010 | 14.34 Mn |