Strategy (MSTR) Research & Development (2010 - 2026)
Strategy's (MSTR) quarterly Research & Development came in at $34.1 million in Q2 2026, up 1.27% year-over-year from $33.7 million in Q2 2025, and down 5.94% quarter-over-quarter from $36.3 million in Q1 2026.
Powered by 
Analysis
Strategy (MSTR) Research & Development (2010 - 2026) Analysis & Trends
Strategy has disclosed Research & Development across 17 years of filings, most recently posting $34.1 million for Q2 2026.
- In Q2 2026, Research & Development rose 1.27% year-over-year to $34.1 million; the TTM figure through Jun 2026 stood at $132.1 million (changed 0.4% YoY), while the FY2025 annual figure was $123.0 million, down 10.95% from the prior year.
- Research & Development came in at $34.1 million for Q2 2026 at Strategy, down from $36.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $41.4 million in Q4 2022 to a low of $27.5 million in Q1 2025.
- Average Research & Development over 5 years is $34.9 million, with a median of $35.2 million recorded in 2022.
- Year-over-year, Research & Development decreased 17.69% in 2025 and jumped 31.74% in 2026.
- Over 5 years, Research & Development stood at $41.4 million in 2022, then fell by 2.59% to $40.3 million in 2023, then declined by 13.24% to $35.0 million in 2024, then retreated by 8.98% to $31.8 million in 2025, then climbed by 7.21% to $34.1 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $34.1 million in Q2 2026, $36.3 million in Q1 2026, and $31.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 339.50 Mn |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 2.40 Bn |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 3.86 Bn |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 1.26 Bn |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | 34.12 Mn |
| 10 | Workday | 46.40 Bn | 42.99 Bn | 2.21 Bn | 747.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.10 Mn |
| Mar 31, 2026 | 24.67 Mn |
| Dec 31, 2025 | 22.76 Mn |
| Sep 30, 2025 | 22.60 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Mar 31, 2025 | 24.42 Mn |
| Dec 31, 2024 | 25.69 Mn |
| Sep 30, 2024 | 33.30 Mn |
| Jun 30, 2024 | 30.31 Mn |
| Mar 31, 2024 | 29.18 Mn |
| Dec 31, 2023 | 30.16 Mn |
| Sep 30, 2023 | 29.66 Mn |
| Jun 30, 2023 | 29.35 Mn |
| Mar 31, 2023 | 31.36 Mn |
| Dec 31, 2022 | 31.62 Mn |
| Sep 30, 2022 | 30.50 Mn |
| Jun 30, 2022 | 31.79 Mn |
| Mar 31, 2022 | 33.52 Mn |
| Dec 31, 2021 | 30.88 Mn |
| Sep 30, 2021 | 28.21 Mn |
API Access
Strategy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();