Strategy (MSTR) Research & Development (2010 - 2026)
Strategy (MSTR) posted Research & Development of $36.3 million for Q1 2026, up 1229.13% sequentially from $2.7 million in Q4 2025, and up 31.74% YoY from $27.5 million in Q1 2025.
Strategy (MSTR) Research & Development (2010 - 2026) Analysis & Trends
Strategy has reported Research & Development for 17 years, with the latest figure at $36.3 million in Q1 2026.
- Quarterly Research & Development rose 31.74% year-over-year to $36.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $93.0 million (down 21.83% YoY) and the FY2025 annual result came in at $93.9 million, down 20.78% from the prior year.
- Research & Development grew to $36.3 million in Q1 2026 per MSTR's latest filing, from $2.7 million in the prior quarter.
- Over five years, Research & Development peaked at $41.4 million in Q4 2022 and troughed at $2.7 million in Q4 2025.
- A 5-year average of $29.4 million and a median of $30.5 million in 2022 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development jumped 130.25% in 2024, then tumbled 89.38% in 2025.
- Over 5 years, Research & Development stood at $41.4 million in 2022, then slumped by 73.03% to $11.2 million in 2023, then surged by 130.25% to $25.7 million in 2024, then sank by 89.38% to $2.7 million in 2025, then surged by 1229.13% to $36.3 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $36.3 million, $2.7 million, and $29.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Strategy | 32.75 Bn | 30.30 Bn | 81.55 Mn | 34.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.12 Mn |
| Mar 31, 2026 | 36.27 Mn |
| Dec 31, 2025 | 2.73 Mn |
| Sep 30, 2025 | 29.91 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Mar 31, 2025 | 27.53 Mn |
| Dec 31, 2024 | 25.69 Mn |
| Sep 30, 2024 | 35.41 Mn |
| Jun 30, 2024 | 30.31 Mn |
| Mar 31, 2024 | 33.45 Mn |
| Dec 31, 2023 | 11.16 Mn |
| Sep 30, 2023 | 35.61 Mn |
| Jun 30, 2023 | 29.35 Mn |
| Mar 31, 2023 | 36.11 Mn |
| Dec 31, 2022 | 41.37 Mn |
| Sep 30, 2022 | 30.50 Mn |
| Jun 30, 2022 | 36.86 Mn |
| Mar 31, 2022 | 33.24 Mn |
| Dec 31, 2021 | 43.41 Mn |
| Sep 30, 2021 | 38.21 Mn |