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Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest & Investment IncomeNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesPreferred Dividend PaymentsProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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Strategy (MSTR) Operating Expenses (2016 - 2025)

Strategy (MSTR) has disclosed Operating Expenses for 16 consecutive years, with $17.5 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 1489.11% to $17.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.8 billion through Dec 2025, up 163.94% year-over-year, with the annual reading at $5.8 billion for FY2025, 163.94% up from the prior year.
  • Operating Expenses hit $17.5 billion in Q4 2025 for Strategy, up from -$3.8 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.
  • Historically, Operating Expenses has averaged $566.8 million across 5 years, with a median of $272.2 million in 2022.
  • Biggest YoY gain for Operating Expenses was 1976.09% in 2025; the steepest drop was 5069.44% in 2025.
  • Year by year, Operating Expenses stood at $248.0 million in 2021, then grew by 20.8% to $299.5 million in 2022, then plummeted by 53.58% to $139.0 million in 2023, then surged by 693.21% to $1.1 billion in 2024, then skyrocketed by 1489.11% to $17.5 billion in 2025.
  • Business Quant data shows Operating Expenses for MSTR at $17.5 billion in Q4 2025, -$3.8 billion in Q3 2025, and -$14.0 billion in Q2 2025.