Strategy (STRK) Operating Expenses (2010 - 2026)
Strategy's (STRK) quarterly Operating Expenses came in at $14.6 billion in Q1 2026, up 142.62% year-on-year from $6.0 billion in Q1 2025, and down 16.96% quarter-over-quarter from $17.5 billion in Q4 2025.
Strategy (STRK) Operating Expenses (2010 - 2026) Analysis & Trends
Strategy has disclosed Operating Expenses across 17 years of filings, most recently posting $14.6 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $14.6 billion, up 142.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.3 billion (up 81.44% YoY), and the FY2025 annual result was $5.8 billion, up 163.94% from the prior year.
- Operating Expenses came in at $14.6 billion for Q1 2026 at Strategy, down from $17.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $17.5 billion in Q4 2025 to a low of -$14.0 billion in Q2 2025.
- The 5-year median for Operating Expenses is $280.8 million (2024), against an average of $1.5 billion.
- Peak annual rise in Operating Expenses reached 1976.09% in 2025, while the deepest fall reached 5069.44% in 2025.
- Strategy's Operating Expenses stood at $299.5 million in 2022, then sank by 53.58% to $139.0 million in 2023, then soared by 693.21% to $1.1 billion in 2024, then surged by 1489.11% to $17.5 billion in 2025, then fell by 16.96% to $14.6 billion in 2026.
- The last three Operating Expenses figures came in at $14.6 billion (Q1 2026), $17.5 billion (Q4 2025), and -$3.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 262.33 Bn | 244.36 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 173.49 Bn | 170.93 Bn | - | -269.42 Mn |
| 3 | Salesforce | 158.80 Bn | 146.96 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Shopify | 144.36 Bn | 138.62 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Uber Technologies | 144.25 Bn | 143.21 Bn | 11.88 Bn | 11.28 Bn |
| 6 | ServiceNow | 118.74 Bn | 113.56 Bn | 2.83 Bn | 2.33 Bn |
| 7 | Cadence Design Systems | 107.33 Bn | 105.92 Bn | 1.26 Bn | 1.04 Bn |
| 8 | Adobe | 100.50 Bn | 93.61 Bn | 5.73 Bn | 3.32 Bn |
| 9 | Automatic Data Processing | 92.49 Bn | 89.26 Bn | 2.87 Bn | 4.23 Bn |
| 10 | Strategy | - | - | 83.35 Mn | 14.55 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.55 Bn |
| Dec 31, 2025 | 17.53 Bn |
| Sep 30, 2025 | -3.80 Bn |
| Jun 30, 2025 | -13.95 Bn |
| Mar 31, 2025 | 6.00 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Sep 30, 2024 | 514.30 Mn |
| Jun 30, 2024 | 280.78 Mn |
| Mar 31, 2024 | 288.93 Mn |
| Dec 31, 2023 | 139.05 Mn |
| Sep 30, 2023 | 128.05 Mn |
| Jun 30, 2023 | 119.99 Mn |
| Mar 31, 2023 | 114.28 Mn |
| Dec 31, 2022 | 299.55 Mn |
| Sep 30, 2022 | 93.92 Mn |
| Jun 30, 2022 | 1.01 Bn |
| Mar 31, 2022 | 263.56 Mn |
| Dec 31, 2021 | 247.98 Mn |
| Sep 30, 2021 | 155.34 Mn |
| Jun 30, 2021 | 516.56 Mn |