Strategy (MSTR) Intangibles (2010 - 2026)
Strategy's (MSTR) quarterly Intangibles came in at $49.7 billion in Q2 2026, down 22.82% year-over-year from $64.4 billion in Q2 2025, and down 3.83% quarter-over-quarter from $51.6 billion in Q1 2026.
Analysis
Strategy (MSTR) Intangibles (2010 - 2026) Analysis & Trends
Strategy has disclosed Intangibles across 16 years of filings, most recently posting $49.7 billion for Q2 2026.
- In Q2 2026, Intangibles fell 22.82% year-over-year to $49.7 billion; the TTM figure through Jun 2026 stood at $49.7 billion (down 22.82% YoY), while the FY2025 annual figure was $58.9 billion, up 146.15% from the prior year.
- Intangibles came in at $49.7 billion for Q2 2026 at Strategy, down from $51.6 billion in the prior quarter.
- In the past five years, Intangibles ranged from a high of $73.2 billion in Q3 2025 to a low of $1.8 billion in Q4 2022.
- Average Intangibles over 5 years is $22.3 billion, with a median of $5.4 billion recorded in 2024.
- Year-over-year, Intangibles plunged 35.44% in 2022 and surged 1031.58% in 2025.
- Over 5 years, Intangibles stood at $1.8 billion in 2022, then soared by 97.09% to $3.6 billion in 2023, then jumped by 559.3% to $23.9 billion in 2024, then soared by 146.15% to $58.9 billion in 2025, then dropped by 15.6% to $49.7 billion in 2026.
- Per Business Quant data, the three most recent Intangibles figures were $49.7 billion in Q2 2026, $51.6 billion in Q1 2026, and $58.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 418.90 Bn | 409.60 Bn | 1.64 Bn | - |
| 2 | Relx | 64.63 Bn | 64.32 Bn | - | 4.18 Bn |
| 3 | Strategy | 50.26 Bn | 47.81 Bn | 81.55 Mn | 49.67 Bn |
| 4 | Fair Isaac | 20.13 Bn | 19.88 Bn | 587.17 Mn | - |
| 5 | NIQ Global Intelligence | 5.43 Bn | 5.25 Bn | 624.20 Mn | 2.01 Bn |
| 6 | Amplitude | 3.25 Bn | 3.07 Bn | 69.10 Mn | 15.56 Mn |
| 7 | Similarweb | 768.75 Mn | 694.84 Mn | 62.31 Mn | - |
| 8 | Realloys | 694.70 Mn | 694.70 Mn | 475,000.00 | 1.37 Mn |
| 9 | Cognyte Software | 618.97 Mn | 533.72 Mn | 76.27 Mn | 4.23 Mn |
| 10 | Marketwise | 291.78 Mn | 25.05 Mn | 64.70 Mn | 3.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.67 Bn |
| Mar 31, 2026 | 51.65 Bn |
| Dec 31, 2025 | 58.85 Bn |
| 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 |