Strategy (MSTR) Invested Capital (2010 - 2026)
Strategy recorded quarterly Invested Capital of $44.8 billion in Q1 2026, down 14.27% quarter-over-quarter from $52.3 billion in Q4 2025, and up 11.11% year-over-year from $40.4 billion in Q1 2025.
Strategy's Invested Capital history runs 17 years deep, the most recent figure standing at $44.8 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 11.11% year-over-year to $44.8 billion; the TTM figure through Mar 2026 stood at $44.8 billion (up 11.11% YoY), while the FY2025 annual figure was $52.3 billion, up 37.06% from the prior year.
- Invested Capital came in at $44.8 billion for Q1 2026 at Strategy, down from $52.3 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $60.5 billion in Q3 2025 to a low of -$176.0 million in Q2 2022.
- A 5-year average of $19.6 billion and a median of $6.0 billion in 2024 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital plunged 107.9% in 2022 and jumped 1803.2% in 2023, its largest moves.
- Strategy's Invested Capital stood at $2.0 billion in 2022, then surged by 117.87% to $4.3 billion in 2023, then surged by 777.92% to $38.2 billion in 2024, then surged by 37.06% to $52.3 billion in 2025, then slipped by 14.27% to $44.8 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $44.8 billion, $52.3 billion, and $60.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 53.11 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 73.58 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.50 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 11.73 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 6.99 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 16.81 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 26.79 Bn |
| 10 | Strategy | 53.39 Bn | 53.39 Bn | 83.35 Mn | 44.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.85 Bn |
| Dec 31, 2025 | 52.31 Bn |
| Sep 30, 2025 | 60.50 Bn |
| Jun 30, 2025 | 55.64 Bn |
| Mar 31, 2025 | 40.36 Bn |
| Dec 31, 2024 | 38.17 Bn |
| Sep 30, 2024 | 7.99 Bn |
| Jun 30, 2024 | 6.68 Bn |
| Mar 31, 2024 | 5.96 Bn |
| Dec 31, 2023 | 4.35 Bn |
| Sep 30, 2023 | 3.02 Bn |
| Jun 30, 2023 | 3.00 Bn |
| Mar 31, 2023 | 2.62 Bn |
| Dec 31, 2022 | 2.00 Bn |
| Sep 30, 2022 | 2.18 Bn |
| Jun 30, 2022 | -175.97 Mn |
| Mar 31, 2022 | 3.22 Bn |
| Dec 31, 2021 | 3.13 Bn |
| Sep 30, 2021 | 2.61 Bn |
| Jun 30, 2021 | 2.23 Bn |
| Mar 31, 2021 | 2.07 Bn |
| Dec 31, 2020 | 1.10 Bn |
| Sep 30, 2020 | 389.29 Mn |
| Jun 30, 2020 | 458.46 Mn |
| Mar 31, 2020 | 461.43 Mn |
| Dec 31, 2019 | 508.56 Mn |
| Sep 30, 2019 | 515.42 Mn |
| Jun 30, 2019 | 502.69 Mn |
| Mar 31, 2019 | 478.31 Mn |
| Dec 31, 2018 | 529.73 Mn |
| Sep 30, 2018 | 635.42 Mn |
| Jun 30, 2018 | 620.36 Mn |
| Mar 31, 2018 | 613.58 Mn |
| Dec 31, 2017 | 605.73 Mn |
| Sep 30, 2017 | 612.34 Mn |
| Jun 30, 2017 | 589.69 Mn |
| Mar 31, 2017 | 572.04 Mn |
| Dec 31, 2016 | 566.32 Mn |
| Sep 30, 2016 | 519.90 Mn |
| Jun 30, 2016 | 489.65 Mn |
| Mar 31, 2016 | 467.85 Mn |
| Dec 31, 2015 | 455.28 Mn |
| Sep 30, 2015 | 408.51 Mn |
| Jun 30, 2015 | 380.69 Mn |
| Mar 31, 2015 | 348.32 Mn |
| Dec 31, 2014 | 324.47 Mn |
| Sep 30, 2014 | 299.06 Mn |
| Jun 30, 2014 | 298.13 Mn |
| Mar 31, 2014 | 305.66 Mn |
| Dec 31, 2013 | 310.33 Mn |
| Sep 30, 2013 | 292.08 Mn |
| Jun 30, 2013 | 273.46 Mn |
| Mar 31, 2013 | 274.83 Mn |
| Dec 31, 2012 | 200.31 Mn |
| Sep 30, 2012 | 190.42 Mn |
| Jun 30, 2012 | 179.24 Mn |
| Mar 31, 2012 | 170.54 Mn |
| Dec 31, 2011 | 168.98 Mn |
| Sep 30, 2011 | 163.98 Mn |
| Jun 30, 2011 | 156.50 Mn |
| Dec 31, 2010 | 149.17 Mn |