Strategy, formerly MicroStrategy, is a US company that, besides data analytics software, mainly holds large amounts of Bitcoin. It keeps acquiring Bitcoin, financed through shares, bonds and preferred shares. Its development therefore depends heavily on the price of Bitcoin. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Other financial services · Tysons Corner, USAfull fact sheet
Strategy, known under a different name until August 2025, holds Bitcoin as the central reserve asset of its corporate treasury. The company currently finances its Bitcoin acquisitions mainly by issuing common stock and various preferred stocks. In 2025 Strategy issued several classes of preferred stock that are indirectly linked to the common stock and the Bitcoin holdings. The Bitcoin is held almost entirely with custodians in the United States, currently Anchorage, Coinbase and Fidelity. The company also offers Strategy One, an analytics platform with artificial intelligence for mid-sized and large companies. The company sells this mainly through its own field sales force.
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of MSTR is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Strategy (MicroStrategy) · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 19, 2026.
In short
Light red: Revenue shrank over 5 years (−0.1% per year).
Light red: Loss in the last fiscal year.
Light red: Profit in 5 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−4B−2B02B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 512.2M USD · Net income 90.9M USD · Net margin 17.7%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 504.5M USD · Net income 17.6M USD · Net margin 3.5%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 497.6M USD · Net income 22.5M USD · Net margin 4.5%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 486.3M USD · Net income 34.4M USD · Net margin 7.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 480.7M USD · Net income −7.5M USD · Net margin −1.6%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 510.8M USD · Net income −535.5M USD · Net margin −104.8%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 499.3M USD · Net income −1.5B USD · Net margin −294.4%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 496.3M USD · Net income 429.1M USD · Net margin 86.5%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 463.5M USD · Net income −1.2B USD · Net margin −251.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 477.2M USD · Net income −3.8B USD · Net margin −806.3%
Margin
18%3%5%7%−2%−105%−294%86%−252%−806%
RevenueNet incomeNet margin (below)in USD
−20B−10B010B20B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 129.5M USD · Net income −143.4M USD · Net margin −110.8%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 124.5M USD · Net income 89.1M USD · Net margin 71.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 115.2M USD · Net income −53.1M USD · Net margin −46.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 111.4M USD · Net income −102.6M USD · Net margin −92.0%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 116.1M USD · Net income −340.2M USD · Net margin −293.1%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 120.7M USD · Net income −670.8M USD · Net margin −555.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 111.1M USD · Net income −4.2B USD · Net margin −3,797.2%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 114.5M USD · Net income 10.0B USD · Net margin 8,752.7%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 128.7M USD · Net income 2.8B USD · Net margin 2,164.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue not available · Net income −12.4B USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 124.3M USD · Net income −12.5B USD · Net margin −10,090.6%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 122.4M USD · Net income −8.2B USD · Net margin −6,717.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share −38.25 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share −24.45 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 477.2M USD · Net income −3.8B USD · Net margin −806.3%
Key figures with traffic lights
Each light follows a simple, disclosed rule. This symbol has no sector assignment – lights with a sector comparison stay gray or use only the basic rule.
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light red: shrinking
−0.1%per year, last 5 years
What does this mean? Revenue: over 5 years it fell by 0.1% per year on average.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 5 years
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 806.35 USD. Five years ago the margin was −1.6%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: no comparison
0.22latest balance sheet
What does this mean? For every 1 USD of equity there is 0.22 USD of financial debt. Without a sector comparison this is hard to put into context.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 5 loss years
5 of 10fiscal years with a profit
What does this mean? In 5 of the last 10 fiscal years the bottom line showed a profit. 5 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
477.2M USD
Revenue vs. prior year
+3.0%
Net income (FY)
−3.8B USD
Net income vs. prior year
–
EPS (FY)
-15.23 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
−100.0%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 19, 2026 · Balance sheet Jun 30, 2026 (filed Aug 3, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
477.2M
−3.8B
−806.3%
−15.23
–
–
2024
Dec 31, 2024
463.5M
−1.2B
−251.7%
−6.06
–
–
2023
Dec 31, 2023
496.3M
429.1M
86.5%
2.64
–
–
2022
Dec 31, 2022
499.3M
−1.5B
−294.4%
−12.98
–
–
2021
Dec 31, 2021
510.8M
−535.5M
−104.8%
−5.34
–
–
2020
Dec 31, 2020
480.7M
−7.5M
−1.6%
−0.08
–
–
2019
Dec 31, 2019
486.3M
34.4M
7.1%
0.33
–
–
2018
Dec 31, 2018
497.6M
22.5M
4.5%
0.20
–
–
2017
Dec 31, 2017
504.5M
17.6M
3.5%
0.15
–
–
2016
Dec 31, 2016
512.2M
90.9M
17.7%
0.79
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
122.4M
−8.2B
−6,717.1%
−24.45
–
–
Q1/26
Mar 31, 2026
124.3M
−12.5B
−10,090.6%
−38.25
–
–
Q4/25*
Dec 31, 2025
–
−12.4B
–
–
–
–
Q3/25
Sep 30, 2025
128.7M
2.8B
2,164.1%
8.42
–
–
Q2/25
Jun 30, 2025
114.5M
10.0B
8,752.7%
32.60
–
–
Q1/25
Mar 31, 2025
111.1M
−4.2B
−3,797.2%
−16.49
–
–
Q4/24*
Dec 31, 2024
120.7M
−670.8M
−555.8%
–
–
–
Q3/24
Sep 30, 2024
116.1M
−340.2M
−293.1%
−1.72
–
–
Q2/24
Jun 30, 2024
111.4M
−102.6M
−92.0%
−0.57
–
–
Q1/24
Mar 31, 2024
115.2M
−53.1M
−46.1%
−0.31
–
–
Q4/23*
Dec 31, 2023
124.5M
89.1M
71.6%
–
–
–
Q3/23
Sep 30, 2023
129.5M
−143.4M
−110.8%
−1.01
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 10:1 (between Aug 6, 2024 and Oct 31, 2024). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -55
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)+0
Highs and lows-20
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)21.2
Rel. strength 60 d+47.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.