KPIs & Operating Metrics(New)
Growth Metrics

Strategy (MSTR) EBT (2016 - 2025)

Strategy (MSTR) has disclosed EBT for 16 consecutive years, with -$17.5 billion as the latest value for Q4 2025.

  • Quarterly EBT fell 1600.12% to -$17.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$5.5 billion through Dec 2025, down 185.31% year-over-year, with the annual reading at -$5.5 billion for FY2025, 185.68% down from the prior year.
  • EBT hit -$17.5 billion in Q4 2025 for Strategy, down from $3.9 billion in the prior quarter.
  • In the past five years, EBT ranged from a high of $14.0 billion in Q2 2025 to a low of -$17.5 billion in Q4 2025.
  • Historically, EBT has averaged -$489.7 million across 5 years, with a median of -$188.0 million in 2021.
  • Biggest five-year swings in EBT: plummeted 8669.14% in 2021 and later skyrocketed 6612.94% in 2025.
  • Year by year, EBT stood at -$191.7 million in 2021, then plummeted by 32.61% to -$254.2 million in 2022, then surged by 76.15% to -$60.6 million in 2023, then crashed by 1593.6% to -$1.0 billion in 2024, then tumbled by 1600.12% to -$17.5 billion in 2025.
  • Business Quant data shows EBT for MSTR at -$17.5 billion in Q4 2025, $3.9 billion in Q3 2025, and $14.0 billion in Q2 2025.