Strategy (MSTR) Operating Expenses (2010 - 2026)

Strategy has disclosed Operating Expenses across 17 years of filings, most recently posting $14.6 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $14.6 billion, up 142.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.3 billion (up 81.44% YoY), and the FY2025 annual result was $5.8 billion, up 163.94% from the prior year.
• Operating Expenses came in at $14.6 billion for Q1 2026 at Strategy, down from $17.5 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $17.5 billion in Q4 2025 to a low of -$14.0 billion in Q2 2025.
• The 5-year median for Operating Expenses is $280.8 million (2024), against an average of $1.5 billion.
• Peak annual rise in Operating Expenses reached 1976.09% in 2025, while the deepest fall reached 5069.44% in 2025.
• Strategy's Operating Expenses stood at $299.5 million in 2022, then sank by 53.58% to $139.0 million in 2023, then soared by 693.21% to $1.1 billion in 2024, then surged by 1489.11% to $17.5 billion in 2025, then fell by 16.96% to $14.6 billion in 2026.
• The last three Operating Expenses figures came in at $14.6 billion (Q1 2026), $17.5 billion (Q4 2025), and -$3.8 billion (Q3 2025), per Business Quant data.