Strategy (MSTR) EBITDA (2010 - 2026)

Strategy (MSTR) reported EBITDA of -$14.5 billion for Q1 2026, down 144.37% on a YoY basis from $32.6 billion in Q1 2025, and up 17.06% sequentially from -$17.4 billion in Q4 2025.

Strategy (MSTR) EBITDA (2010 - 2026) Analysis & Trends

Strategy (MSTR) has 17 years of EBITDA data on file, last reported at -$14.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 144.37% year-over-year to -$14.5 billion; the trailing twelve-month figure through Mar 2026 stood at -$14.0 billion (down 84.84% YoY), and the FY2025 full-year result was -$5.4 billion, down 193.82% from the prior year.
  • EBITDA climbed to -$14.5 billion in Q1 2026, 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.
  • Peak annual rise in EBITDA reached 7106.4% in 2025, while the deepest fall reached 2806.9% in 2025.
  • Tracing MSTR's EBITDA over 5 years: stood at -$193.7 million in 2022, then surged by 77.91% to -$42.8 million in 2023, then tumbled by 2275.65% to -$1.0 billion in 2024, then tumbled by 1616.4% to -$17.4 billion in 2025, then increased by 17.06% to -$14.5 billion in 2026.
  • Business Quant data shows MSTR's EBITDA at -$14.5 billion in Q1 2026, -$17.4 billion in Q4 2025, and $3.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 3.21 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - 145.23 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 382.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.92 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 2.35 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 162.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn -1.37 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -326.15 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 431.33 Mn
10 Strategy 31.26 Bn 29.06 Bn 83.35 Mn -14.47 Bn

Historic Data

Download Data
DateValue
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