Strategy (STRF) Cost of Revenue (2010 - 2026)

Strategy's (STRF) quarterly Cost of Revenue came in at $40.9 million in Q1 2026, up 20.53% year-on-year from $34.0 million in Q1 2025, and up 28.66% quarter-over-quarter from $31.8 million in Q4 2025.

Strategy (STRF) Cost of Revenue (2010 - 2026) Analysis & Trends

Strategy has disclosed Cost of Revenue across 17 years of filings, most recently posting $40.9 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $40.9 million, up 20.53% year-over-year; the trailing twelve-month figure through Mar 2026 was $138.4 million (up 6.49% YoY), and the FY2025 annual result was $123.0 million, down 5.03% from the prior year.
  • Cost of Revenue came in at $40.9 million for Q1 2026 at Strategy, up from $31.8 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $41.4 million in Q4 2022 to a low of $572000.0 in Q4 2023.
  • The 5-year median for Cost of Revenue is $34.0 million (2025), against an average of $31.2 million.
  • Across the five-year window, Cost of Revenue slumped 98.62% in 2023 and soared 4506.99% in 2024, its largest moves.
  • Strategy's Cost of Revenue stood at $41.4 million in 2022, then plunged by 98.62% to $572000.0 in 2023, then jumped by 4506.99% to $26.4 million in 2024, then grew by 20.77% to $31.8 million in 2025, then advanced by 28.66% to $40.9 million in 2026.
  • The last three Cost of Revenue figures came in at $40.9 million (Q1 2026), $31.8 million (Q4 2025), and $29.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 245.77 Bn 227.80 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 173.38 Bn 170.83 Bn - 55.33 Mn
3 Salesforce 149.14 Bn 137.30 Bn 8.56 Bn 3.77 Bn
4 Uber Technologies 141.25 Bn 140.21 Bn 11.88 Bn 1.33 Bn
5 Shopify 141.09 Bn 135.35 Bn 1.55 Bn 1.62 Bn
6 ServiceNow 109.96 Bn 104.78 Bn 2.83 Bn 940.00 Mn
7 Cadence Design Systems 104.55 Bn 103.15 Bn 1.26 Bn 211.49 Mn
8 Adobe 95.76 Bn 88.87 Bn 5.73 Bn 1.71 Bn
9 Automatic Data Processing 93.36 Bn 90.13 Bn 2.87 Bn 3.07 Bn
10 Strategy - - 83.35 Mn 40.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 40.95 Mn
Mar 31, 2026 40.95 Mn
Dec 31, 2025 31.83 Mn
Dec 31, 2025 31.83 Mn
Sep 30, 2025 29.91 Mn
Sep 30, 2025 29.91 Mn
Jun 30, 2025 35.75 Mn
Jun 30, 2025 35.75 Mn
Mar 31, 2025 33.97 Mn
Mar 31, 2025 33.97 Mn
Dec 31, 2024 26.35 Mn
Dec 31, 2024 26.35 Mn
Sep 30, 2024 35.41 Mn
Sep 30, 2024 35.41 Mn
Jun 30, 2024 34.25 Mn
Jun 30, 2024 34.25 Mn
Mar 31, 2024 33.45 Mn
Mar 31, 2024 33.45 Mn
Dec 31, 2023 572,000.00
Dec 31, 2023 572,000.00