Strategy (MSTR) Goodwill & Intangibles (2010 - 2025)
Strategy (MSTR) reported Goodwill & Intangibles of $73.2 billion for Q3 2025, up 968.56% on a YoY basis from $6.9 billion in Q3 2024, and up 13.74% sequentially from $64.4 billion in Q2 2025.
Strategy (MSTR) Goodwill & Intangibles (2010 - 2025) Analysis & Trends
Strategy (MSTR) has 15 years of Goodwill & Intangibles data on file, last reported at $73.2 billion in Q3 2025.
- For the quarter ending Q3 2025, Goodwill & Intangibles rose 968.56% year-over-year to $73.2 billion; the trailing twelve-month figure through Sep 2025 stood at $73.2 billion (up 968.56% YoY), and the FY2024 full-year result was $23.9 billion, up 559.3% from the prior year.
- Goodwill & Intangibles climbed to $73.2 billion in Q3 2025, from $64.4 billion in the prior quarter.
- In the past five years, Goodwill & Intangibles ranged from a high of $73.2 billion in Q3 2025 to a low of $1.8 billion in Q4 2022.
- A 5-year average of $13.2 billion and a median of $2.9 billion in 2021 frame the typical range for Goodwill & Intangibles.
- Across the five-year window, Goodwill & Intangibles tumbled 35.44% in 2022 and jumped 1031.58% in 2025, its largest moves.
- Tracing MSTR's Goodwill & Intangibles over 5 years: stood at $2.9 billion in 2021, then slumped by 35.44% to $1.8 billion in 2022, then surged by 97.09% to $3.6 billion in 2023, then soared by 559.3% to $23.9 billion in 2024, then jumped by 206.18% to $73.2 billion in 2025.
- Business Quant data shows MSTR's Goodwill & Intangibles at $73.2 billion in Q3 2025, $64.4 billion in Q2 2025, and $43.5 billion in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Strategy | 31.26 Bn | 29.06 Bn | 83.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 73.21 Bn |
| Jun 30, 2025 | 64.36 Bn |
| Mar 31, 2025 | 43.55 Bn |
| Dec 31, 2024 | 23.91 Bn |
| Sep 30, 2024 | 6.85 Bn |
| Jun 30, 2024 | 5.69 Bn |
| Mar 31, 2024 | 5.07 Bn |
| Dec 31, 2023 | 3.63 Bn |
| Sep 30, 2023 | 2.45 Bn |
| Jun 30, 2023 | 2.32 Bn |
| Mar 31, 2023 | 2.00 Bn |
| Dec 31, 2022 | 1.84 Bn |
| Sep 30, 2022 | 1.99 Bn |
| Jun 30, 2022 | 1.99 Bn |
| Mar 31, 2022 | 2.90 Bn |
| Dec 31, 2021 | 2.85 Bn |
| Sep 30, 2021 | 2.41 Bn |
| Jun 30, 2021 | 2.05 Bn |
| Mar 31, 2021 | 1.95 Bn |
| Dec 31, 2020 | 1.05 Bn |