Strategy (MSTR) Intangibles (2010 - 2025)
Strategy recorded quarterly Intangibles of $73.2 billion in Q3 2025, up 13.74% quarter-over-quarter from $64.4 billion in Q2 2025, and up 968.56% year-over-year from $6.9 billion in Q3 2024.
Strategy's Intangibles history runs 15 years deep, the most recent figure standing at $73.2 billion for Q3 2025.
- In Q3 2025, Intangibles rose 968.56% year-over-year to $73.2 billion; the TTM figure through Sep 2025 stood at $73.2 billion (up 968.56% YoY), while the FY2024 annual figure was $23.9 billion, up 559.3% from the prior year.
- Intangibles came in at $73.2 billion for Q3 2025 at Strategy, up from $64.4 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.
- A 5-year average of $13.2 billion and a median of $2.9 billion in 2021 frame the typical range for Intangibles.
- Across the five-year window, Intangibles plunged 35.44% in 2022 and surged 1031.58% in 2025, its largest moves.
- Strategy's Intangibles stood at $2.9 billion in 2021, then plunged by 35.44% to $1.8 billion in 2022, then jumped by 97.09% to $3.6 billion in 2023, then surged by 559.3% to $23.9 billion in 2024, then soared by 206.18% to $73.2 billion in 2025.
- According to Business Quant data, Intangibles over the past three periods registered $73.2 billion, $64.4 billion, and $43.5 billion for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 2.67 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 990.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 28.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 1.48 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.93 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 454.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 1.64 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.81 Bn |
| 10 | Strategy | 53.39 Bn | 53.39 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 |
| Sep 30, 2020 | 380.80 Mn |
| Mar 31, 2018 | 1.00 Mn |
| Dec 31, 2017 | 2.50 Mn |
| Sep 30, 2017 | 4.00 Mn |
| Jun 30, 2017 | 5.50 Mn |
| Mar 31, 2017 | 7.00 Mn |
| Dec 31, 2016 | 8.50 Mn |
| Sep 30, 2016 | 10.00 Mn |
| Jun 30, 2016 | 11.95 Mn |
| Mar 31, 2016 | 13.90 Mn |
| Dec 31, 2015 | 15.86 Mn |
| Sep 30, 2015 | 17.81 Mn |
| Jun 30, 2015 | 20.30 Mn |
| Mar 31, 2015 | 17.69 Mn |
| Dec 31, 2014 | 13.47 Mn |
| Sep 30, 2014 | 8.46 Mn |
| Jun 30, 2014 | 7.38 Mn |
| Mar 31, 2014 | 8.67 Mn |
| Dec 31, 2013 | 10.30 Mn |
| Sep 30, 2013 | 11.90 Mn |
| Jun 30, 2013 | 9.39 Mn |
| Mar 31, 2013 | 9.01 Mn |
| Dec 31, 2012 | 10.36 Mn |
| Sep 30, 2012 | 11.71 Mn |
| Jun 30, 2012 | 9.43 Mn |
| Mar 31, 2012 | 5.05 Mn |
| Dec 31, 2011 | 7.03 Mn |
| Sep 30, 2011 | 9.19 Mn |
| Jun 30, 2011 | 10.83 Mn |
| Dec 31, 2010 | 9.06 Mn |