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
DateValue
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