Strategy (STRK) Change in Intangibles (2011 - 2025)
Strategy's (STRK) quarterly Change in Intangibles came in at $5.0 billion in Q3 2025, up 214.4% year-on-year from $1.6 billion in Q3 2024, and down 26.84% quarter-over-quarter from $6.8 billion in Q2 2025.
Strategy (STRK) Change in Intangibles (2011 - 2025) Analysis & Trends
Strategy has disclosed Change in Intangibles across 7 years of filings, most recently posting $5.0 billion for Q3 2025.
- Change in Intangibles for Q3 2025 came in at $5.0 billion, up 214.4% year-over-year; the trailing twelve-month figure through Sep 2025 was $15.4 billion (up 194.39% YoY), and the FY2023 annual result was $1.9 billion, up 15997.99% from the prior year.
- Change in Intangibles came in at $5.0 billion for Q3 2025 at Strategy, down from $6.8 billion in the prior quarter.
- In the past five years, Change in Intangibles ranged from a high of $7.7 billion in Q1 2025 to a low of -$4.0 billion in Q4 2024.
- The 5-year median for Change in Intangibles is $419.9 million (2021), against an average of $1.1 billion.
- Across the five-year window, Change in Intangibles soared 3370.03% in 2023 and slumped 430.07% in 2024, its largest moves.
- Strategy's Change in Intangibles stood at -$2.0 billion in 2021, then jumped by 89.21% to -$219.7 million in 2022, then soared by 652.82% to $1.2 billion in 2023, then plunged by 430.07% to -$4.0 billion in 2024, then jumped by 223.55% to $5.0 billion in 2025.
- The last three Change in Intangibles figures came in at $5.0 billion (Q3 2025), $6.8 billion (Q2 2025), and $7.7 billion (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | - |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | - |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | - |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | - |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | - |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | - |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 143.30 Mn |
| 10 | Strategy | - | - | 83.35 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 4.95 Bn |
| Sep 30, 2025 | 4.95 Bn |
| Jun 30, 2025 | 6.77 Bn |
| Jun 30, 2025 | 6.77 Bn |
| Mar 31, 2025 | 7.66 Bn |
| Mar 31, 2025 | 7.66 Bn |
| Dec 31, 2024 | -4.01 Bn |
| Dec 31, 2024 | -4.01 Bn |
| Sep 30, 2024 | 1.58 Bn |
| Sep 30, 2024 | 1.58 Bn |
| Jun 30, 2024 | 793.83 Mn |
| Jun 30, 2024 | 793.83 Mn |
| Mar 31, 2024 | 1.64 Bn |
| Mar 31, 2024 | 1.64 Bn |
| Dec 31, 2023 | 1.21 Bn |
| Dec 31, 2023 | 1.21 Bn |
| Sep 30, 2023 | 161.68 Mn |
| Sep 30, 2023 | 161.68 Mn |
| Jun 30, 2023 | 347.00 Mn |
| Jun 30, 2023 | 347.00 Mn |