Strategy (MSTR) EBT (2010 - 2026)

Strategy's (MSTR) quarterly EBT came in at -$14.5 billion in Q1 2026, down 143.53% year-on-year from $33.2 billion in Q1 2025, and up 17.13% quarter-over-quarter from -$17.5 billion in Q4 2025.

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

Strategy has disclosed EBT across 17 years of filings, most recently posting -$14.5 billion for Q1 2026.

  • EBT for Q1 2026 came in at -$14.5 billion, down 143.53% year-over-year; the trailing twelve-month figure through Mar 2026 was -$14.0 billion (down 83.34% YoY), and the FY2025 annual result was -$5.5 billion, down 185.68% from the prior year.
  • EBT came in at -$14.5 billion for Q1 2026 at Strategy, up from -$17.5 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.
  • The 5-year median for EBT is -$213.9 million (2024), against an average of -$1.4 billion.
  • Across the five-year window, EBT slumped 2773.75% in 2024 and surged 6612.94% in 2025, its largest moves.
  • Strategy's EBT stood at -$214.5 million in 2022, then surged by 71.72% to -$60.6 million in 2023, then tumbled by 1593.05% to -$1.0 billion in 2024, then slumped by 1600.14% to -$17.5 billion in 2025, then advanced by 17.13% to -$14.5 billion in 2026.
  • The last three EBT figures came in at -$14.5 billion (Q1 2026), -$17.5 billion (Q4 2025), and $3.9 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.21 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 176.65 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 496.00 Mn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn -634.00 Mn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 2.70 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 428.10 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 673.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 1.78 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 2.24 Bn
10 Strategy 40.96 Bn 40.96 Bn 83.35 Mn -14.47 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -14.47 Bn
Dec 31, 2025 -17.46 Bn
Sep 30, 2025 3.87 Bn
Jun 30, 2025 14.01 Bn
Mar 31, 2025 -5.94 Bn
Dec 31, 2024 -1.03 Bn
Sep 30, 2024 -478.68 Mn
Jun 30, 2024 -215.05 Mn
Mar 31, 2024 -213.90 Mn
Dec 31, 2023 -60.64 Mn
Sep 30, 2023 -33.83 Mn
Jun 30, 2023 -38.05 Mn
Mar 31, 2023 8.00 Mn
Dec 31, 2022 -214.47 Mn
Sep 30, 2022 -3.12 Mn
Jun 30, 2022 -926.19 Mn
Mar 31, 2022 -178.77 Mn
Dec 31, 2021 -148.49 Mn
Sep 30, 2021 -59.12 Mn
Jun 30, 2021 -419.55 Mn