Strategy (MSTR) EBITDA (2010 - 2026)
Strategy (MSTR) posted EBITDA of -$8.32 billion for Q2 2026, compared with $14.04 billion a year earlier.
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Analysis
Strategy (MSTR) EBITDA (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA at Strategy was -$36.33 billion; for FY2025, it came in at -$5.42 billion.
- In prior years, Strategy's EBITDA was -$1.84 billion in FY2024, -$100.52 million in FY2023, -$1.26 billion in FY2022 and -$773.17 million in FY2021.
- Quarterly EBITDA has run from a low of -$17.44 billion in Q4 2025 to a high of $14.04 billion in Q2 2025 over five years.
- According to Business Quant data, EBITDA for the three prior quarters was -$14.46 billion (Q1 2026), -$17.44 billion (Q4 2025) and $3.9 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 920.22 Mn |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 10.13 Bn |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | 3.44 Bn |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 3.89 Bn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 741.00 Mn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | -1.38 Bn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 693.00 Mn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | -8.31 Bn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | 384.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.31 Bn |
| Mar 31, 2026 | -14.46 Bn |
| Dec 31, 2025 | -17.43 Bn |
| Sep 30, 2025 | 3.90 Bn |
| Jun 30, 2025 | 14.05 Bn |
| Mar 31, 2025 | -5.91 Bn |
| Dec 31, 2024 | -1.01 Bn |
| Sep 30, 2024 | -422.77 Mn |
| Jun 30, 2024 | -192.78 Mn |
| Mar 31, 2024 | -198.10 Mn |
| Dec 31, 2023 | -35.45 Mn |
| Sep 30, 2023 | -20.30 Mn |
| Jun 30, 2023 | -21.29 Mn |
| Mar 31, 2023 | -14.67 Mn |
| Dec 31, 2022 | -187.56 Mn |
| Sep 30, 2022 | 10.40 Mn |
| Jun 30, 2022 | -913.88 Mn |
| Mar 31, 2022 | -165.14 Mn |
| Dec 31, 2021 | -132.63 Mn |
| Sep 30, 2021 | -44.91 Mn |
API Access
Strategy EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();