Strategy (MSTR) Non-Current Debt (2020 - 2026)
Strategy's Non-Current Debt came in at $6.67 billion for Q2 2026, down 18.3% from $8.16 billion a year earlier and down 18.3% from the prior quarter.
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Analysis
Strategy (MSTR) Non-Current Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Strategy's Non-Current Debt was $8.16 billion, up 13.5% from FY2024.
- Non-Current Debt carries a five-year compound annual growth rate of 75.8% (FY2020 to FY2025).
- Going back by year, Non-Current Debt was $7.19 billion in FY2024 (+229.6%), $2.18 billion in FY2023 (-8.3%), $2.38 billion in FY2022 (+10.4%) and $2.16 billion in FY2021 (+343.1%).
- The Q2 2026 figure represents the lowest quarterly Non-Current Debt since Q3 2024.
- Year-over-year, Non-Current Debt increased in seven of the last eight quarters, with growth averaging 82.7%.
- The fastest year-over-year change in Non-Current Debt over five years came in Q4 2021 (growth of 343.1%), and the weakest in Q2 2026 (a decline of 18.3%).
- Business Quant data shows MSTR's Non-Current Debt at $8.17 billion (Q1 2026), $8.16 billion (Q4 2025) and $8.17 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 117.71 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 9.93 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 39.29 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | - |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 4.96 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 6.42 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 3.14 Bn |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 6.67 Bn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 1.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.67 Bn |
| Mar 31, 2026 | 8.17 Bn |
| Dec 31, 2025 | 8.16 Bn |
| Sep 30, 2025 | 8.17 Bn |
| Jun 30, 2025 | 8.16 Bn |
| Mar 31, 2025 | 8.14 Bn |
| Dec 31, 2024 | 7.19 Bn |
| Sep 30, 2024 | 4.21 Bn |
| Jun 30, 2024 | 3.70 Bn |
| Mar 31, 2024 | 3.56 Bn |
| Dec 31, 2023 | 2.18 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 2.18 Bn |
| Mar 31, 2023 | 2.18 Bn |
| Dec 31, 2022 | 2.38 Bn |
| Sep 30, 2022 | 2.38 Bn |
| Jun 30, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 2.16 Bn |
| Sep 30, 2021 | 2.15 Bn |
API Access
Strategy Non-Current Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();