Strategy (MSTR) Research & Development (2010 - 2026)
Strategy (MSTR) reported Research & Development of $36.3 million for Q1 2026, up 31.74% on a YoY basis from $27.5 million in Q1 2025, and up 1229.13% sequentially from $2.7 million in Q4 2025.
Strategy (MSTR) Research & Development (2010 - 2026) Analysis & Trends
Strategy (MSTR) has 17 years of Research & Development data on file, last reported at $36.3 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 31.74% year-over-year to $36.3 million; the trailing twelve-month figure through Mar 2026 stood at $93.0 million (down 21.83% YoY), and the FY2025 full-year result was $93.9 million, down 20.78% from the prior year.
- Research & Development grew to $36.3 million in Q1 2026, from $2.7 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 $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.
- Across the five-year window, Research & Development surged 130.25% in 2024 and sank 89.38% in 2025, its largest moves.
- Tracing MSTR's Research & Development over 5 years: stood at $41.4 million in 2022, then tumbled by 73.03% to $11.2 million in 2023, then surged by 130.25% to $25.7 million in 2024, then slumped by 89.38% to $2.7 million in 2025, then surged by 1229.13% to $36.3 million in 2026.
- Business Quant data shows MSTR's Research & Development at $36.3 million in Q1 2026, $2.7 million in Q4 2025, and $29.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Strategy | 31.26 Bn | 29.06 Bn | 83.35 Mn | 36.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 40.32 Mn |