MSTR Strategy (MicroStrategy)

XNGS Sideways Alert

· How we analyze

About the company

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

Fact sheet (from the annual report) Other financial services · Tysons Corner, USA

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.

Automatically summarized from SEC annual report (10-K, filed Feb 19, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today +1.1%
  • 7 days −0.9%
  • 30 days −10.9%
  • 1 year −52.2%
Day range (last trading day)
−1.9%Price at 82% of the range+0.4%
52-week range
−42.1%Price at 28% of the range+110.2%
Distance from the all-time high
−74.0%

Our own calculation from the exchange’s daily candles, as of Oct 27, 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.

Fundamentals · Analysis method

Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.

Growth: redMargin: redDebt: gray

Load chart from TradingView

This transfers data (including your IP address) to TradingView, also to the USA. More in the Privacy policy.

Symbol on TradingView: NASDAQ:MSTR

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

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 income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 512.2M USD · Net income 90.9M USD · Net margin 17.7%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 504.5M USD · Net income 17.6M USD · Net margin 3.5%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 497.6M USD · Net income 22.5M USD · Net margin 4.5%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 486.3M USD · Net income 34.4M USD · Net margin 7.1%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 480.7M USD · Net income −7.5M USD · Net margin −1.6%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 510.8M USD · Net income −535.5M USD · Net margin −104.8%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 499.3M USD · Net income −1.5B USD · Net margin −294.4%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 496.3M USD · Net income 429.1M USD · Net margin 86.5%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 463.5M USD · Net income −1.2B USD · Net margin −251.7%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 477.2M USD · Net income −3.8B USD · Net margin −806.3%

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

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)

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.

Net margin

Light red: Loss

−806.3% last fiscal year

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

Light gray: no comparison

0.22 latest 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

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

Light red: 5 loss years

5 of 10 fiscal 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)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 477.2M−3.8B −806.3% −15.23 – –
2024Dec 31, 2024 463.5M−1.2B −251.7% −6.06 – –
2023Dec 31, 2023 496.3M429.1M 86.5% 2.64 – –
2022Dec 31, 2022 499.3M−1.5B −294.4% −12.98 – –
2021Dec 31, 2021 510.8M−535.5M −104.8% −5.34 – –
2020Dec 31, 2020 480.7M−7.5M −1.6% −0.08 – –
2019Dec 31, 2019 486.3M34.4M 7.1% 0.33 – –
2018Dec 31, 2018 497.6M22.5M 4.5% 0.20 – –
2017Dec 31, 2017 504.5M17.6M 3.5% 0.15 – –
2016Dec 31, 2016 512.2M90.9M 17.7% 0.79 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 122.4M−8.2B −6,717.1% −24.45 – –
Q1/26Mar 31, 2026 124.3M−12.5B −10,090.6% −38.25 – –
Q4/25*Dec 31, 2025 –−12.4B – – – –
Q3/25Sep 30, 2025 128.7M2.8B 2,164.1% 8.42 – –
Q2/25Jun 30, 2025 114.5M10.0B 8,752.7% 32.60 – –
Q1/25Mar 31, 2025 111.1M−4.2B −3,797.2% −16.49 – –
Q4/24*Dec 31, 2024 120.7M−670.8M −555.8% – – –
Q3/24Sep 30, 2024 116.1M−340.2M −293.1% −1.72 – –
Q2/24Jun 30, 2024 111.4M−102.6M −92.0% −0.57 – –
Q1/24Mar 31, 2024 115.2M−53.1M −46.1% −0.31 – –
Q4/23*Dec 31, 2023 124.5M89.1M 71.6% – – –
Q3/23Sep 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 over 5 years (otherwise 3 years). Per-share values adjusted for stock split 10:1 (between Aug 6, 2024 and Oct 31, 2024). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $1.8M2 people −$1.8M
6 months $1.0M2 people $26.4M5 people −$25.4M
12 months $2.2M4 people $36.1M6 people −$33.9M

Latest transactions

  • Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $71.1K · SEC
  • Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $70.2K · SEC
  • Oct 9, 2026 Patten Jarrod M Director Open-market sale 450 shares · $69.5K · SEC
  • Oct 8, 2026 Patten Jarrod M Director Open-market sale 450 shares · $68.4K · SEC
  • Oct 8, 2026 Patten Jarrod M Director Open-market sale 950 shares · $143.0K · SEC
  • Sep 22, 2026 Patten Jarrod M Director Open-market sale 475 shares · $81.2K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -25

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)19.9
Rel. strength 60 d+47.6%

ATR and moving averages as price values only when logged in.

More stocks from Other stocks

All symbols in this sector

News

No recent news found. News are loaded automatically three times a day for trending stocks, symbols with a buy zone and favorites.

Posts

No posts on MSTR yet – log in to join the discussion.

Posts are opinions of users and only visible after logging in. Community rules

Set alert: MSTR

Alerts with a free account: we send you an email as soon as the price moves above or below your level, reaches the buy zone or the buy zone becomes invalid.

Checked after every data update: crypto hourly (buy zones every 4 hours), stocks twice a day, precious metals every 4 hours on trading days, extended universe weekly – not in real time.

Log in Sign up free

↑ ↓ select · Enter open · Esc close