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Strategy (MSTR) Shares Outstanding (Diluted Average) (2016 - 2025)

Strategy (MSTR) has disclosed Shares Outstanding (Diluted Average) for 16 consecutive years, with $277.7 million as the latest value for Q4 2025.

  • Quarterly Shares Outstanding (Diluted Average) rose 44.2% to $277.7 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $277.7 million through Dec 2025, up 44.2% year-over-year, with the annual reading at $277.7 million for FY2025, 44.2% up from the prior year.
  • Shares Outstanding (Diluted Average) hit $277.7 million in Q4 2025 for Strategy, down from $315.4 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $315.4 million in Q3 2025 to a low of $9.6 million in Q1 2021.
  • Historically, Shares Outstanding (Diluted Average) has averaged $120.3 million across 5 years, with a median of $129.2 million in 2022.
  • Biggest five-year swings in Shares Outstanding (Diluted Average): fell 3.83% in 2021 and later surged 1184.41% in 2023.
  • Year by year, Shares Outstanding (Diluted Average) stood at $10.0 million in 2021, then soared by 1029.83% to $113.2 million in 2022, then skyrocketed by 46.33% to $165.7 million in 2023, then grew by 16.23% to $192.5 million in 2024, then skyrocketed by 44.2% to $277.7 million in 2025.
  • Business Quant data shows Shares Outstanding (Diluted Average) for MSTR at $277.7 million in Q4 2025, $315.4 million in Q3 2025, and $306.8 million in Q2 2025.