Strategy (MSTR) Operating Leases (2019 - 2026)
Strategy (MSTR) reported Operating Leases of $60.9 million for Q1 2026, up 13.35% on a YoY basis from $53.7 million in Q1 2025, and up 31.92% sequentially from $46.1 million in Q4 2025.
Strategy (MSTR) Operating Leases (2019 - 2026) Analysis & Trends
Strategy (MSTR) has 8 years of Operating Leases data on file, last reported at $60.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 13.35% year-over-year to $60.9 million; the trailing twelve-month figure through Mar 2026 stood at $60.9 million (up 13.35% YoY), and the FY2025 full-year result was $46.1 million, down 18.2% from the prior year.
- Operating Leases grew to $60.9 million in Q1 2026, from $46.1 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $74.0 million in Q1 2022 to a low of $46.1 million in Q4 2025.
- A 5-year average of $60.1 million and a median of $59.7 million in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases decreased 18.2% in 2025 and advanced 13.35% in 2026, its largest moves.
- Tracing MSTR's Operating Leases over 5 years: stood at $67.3 million in 2022, then fell by 9.29% to $61.1 million in 2023, then decreased by 7.67% to $56.4 million in 2024, then retreated by 18.2% to $46.1 million in 2025, then jumped by 31.92% to $60.9 million in 2026.
- Business Quant data shows MSTR's Operating Leases at $60.9 million in Q1 2026, $46.1 million in Q4 2025, and $48.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Strategy | 31.26 Bn | 29.06 Bn | 83.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.86 Mn |
| Dec 31, 2025 | 46.14 Mn |
| Sep 30, 2025 | 48.16 Mn |
| Jun 30, 2025 | 51.22 Mn |
| Mar 31, 2025 | 53.69 Mn |
| Dec 31, 2024 | 56.40 Mn |
| Sep 30, 2024 | 57.50 Mn |
| Jun 30, 2024 | 56.54 Mn |
| Mar 31, 2024 | 58.43 Mn |
| Dec 31, 2023 | 61.09 Mn |
| Sep 30, 2023 | 59.72 Mn |
| Jun 30, 2023 | 63.81 Mn |
| Mar 31, 2023 | 65.36 Mn |
| Dec 31, 2022 | 67.34 Mn |
| Sep 30, 2022 | 69.28 Mn |
| Jun 30, 2022 | 72.16 Mn |
| Mar 31, 2022 | 73.96 Mn |
| Dec 31, 2021 | 76.61 Mn |
| Sep 30, 2021 | 78.94 Mn |
| Jun 30, 2021 | 80.90 Mn |