KPIs & Operating Metrics(New)
Growth Metrics

Strategy (MSTR) Operating Income (2016 - 2025)

Strategy (MSTR) has disclosed Operating Income for 16 consecutive years, with -$17.4 billion as the latest value for Q4 2025.

  • Quarterly Operating Income fell 1616.4% to -$17.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$5.4 billion through Dec 2025, down 193.82% year-over-year, with the annual reading at -$5.4 billion for FY2025, 193.82% down from the prior year.
  • Operating Income hit -$17.4 billion in Q4 2025 for Strategy, down from $3.9 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $14.0 billion in Q2 2025 to a low of -$17.4 billion in Q4 2025.
  • Historically, Operating Income has averaged -$473.6 million across 5 years, with a median of -$176.6 million in 2021.
  • Biggest five-year swings in Operating Income: crashed 254277.78% in 2021 and later surged 7106.4% in 2025.
  • Year by year, Operating Income stood at -$137.5 million in 2021, then plummeted by 40.92% to -$193.7 million in 2022, then surged by 77.91% to -$42.8 million in 2023, then tumbled by 2275.65% to -$1.0 billion in 2024, then tumbled by 1616.4% to -$17.4 billion in 2025.
  • Business Quant data shows Operating Income for MSTR at -$17.4 billion in Q4 2025, $3.9 billion in Q3 2025, and $14.0 billion in Q2 2025.