MSTR
StrategyPrevious close
152.68
Change
−1.66 / −1.08%
P/E (TTM) ?
—
Forward P/E ?
—
Market Cap
$65.1B
1M
+16.58%
S&P 500 +1.81% over same period
Volume / Avg Volume
13.2M / 19.8M
0.67× average
Latest earnings analysisFY2026 Q2Reported 2026-07-30
Strategy Q2 FY2026: $8.22 billion net loss on bitcoin write-down
Strategy's second quarter of fiscal 2026 was a bitcoin story, not a software story: revenue rose 6.9% to $122.4 million, but an $8.32 billion unrealized loss on digital assets turned $81.6 million of gross profit into an $8.22 billion net loss. Strip out that write-down and the software business still ran at a small shortfall, because R&D of $23.1 million plus SG&A of $74.0 million were larger than gross profit. Verdict: Neutral.
Read the full analysis →Revenue$0.12BYoY +6.90%
EPS$-24.45Missest. $-7.67
Next-day move−4.56%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-30 | $122M | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-05 | $124M | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-05 | $477M | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-06 | $129M | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-07 | $114M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
A 5-year P/E range needs a longer earnings record; not yet comparable
No buybacks or dividends in the last four quarters
P/E (TTM)
—
P/B
1.4
P/S
130.7
Dividend Yield
1.46%
Earnings Reaction
Over the last 5 reports, the stock moved ±7.9% on average on the first trading day after, rising 2 times
Most recent −4.56%
Volatility & Correlation
1-year beta 3.14 · Correlation with S&P 500 0.49High beta
Annualized volatility 81% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 2 · $0.32MNet selling $0.32M
- 09-22Patten Jarrod MDirectorSell$0.08M475 shares · Avg price 171.00
- 09-21Patten Jarrod MDirectorSell$0.24M1,425 shares · 3 trades · Avg price 167.33
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 0.12 | +6.9% | 66.6% | -8.22 | -24.45 |
| FY2026 Q1 | 0.12 | +11.9% | 67.1% | -12.54 | -38.25 |
| FY2025 Q4 | 0.12 | +1.9% | 66.1% | -12.44 | -39.76 |
| FY2025 Q3 | 0.13 | +10.9% | 70.5% | 2.79 | 8.42 |
| FY2025 Q2 | 0.11 | +2.7% | 68.8% | 10.02 | 32.60 |
| FY2025 Q1 | 0.11 | −3.6% | 69.4% | -4.22 | -16.49 |
| FY2024 Q4 | 0.12 | −3.0% | 71.7% | -0.67 | -3.46 |
| FY2024 Q3 | 0.12 | −10.3% | 70.4% | -0.34 | -1.72 |
| FY2024 Q2 | 0.11 | −7.4% | 72.2% | -0.10 | -0.57 |
| FY2024 Q1 | 0.12 | −5.5% | 74.0% | -0.05 | -0.31 |
| FY2023 Q4 | 0.12 | −6.1% | 77.3% | 0.09 | -29.66 |
| FY2023 Q3 | 0.13 | +3.3% | 79.4% | -0.14 | -1.01 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| MSTR | — | +6.9% | 66.6% | +16.58% | Neutral |
| TWLO | 38.7 | +22.0% | 48.4% | +24.33% | Bullish |
| NVDA | 28.6 | +105.9% | 75.0% | +3.68% | Bullish |
| AAPL | 38.1 | +16.4% | 50.1% | +2.62% | Bullish |
| MSFT | 29.7 | +17.7% | 67.2% | +9.18% | Bullish |
| AVGO | 45.1 | +85.5% | 69.1% | −2.01% | Bullish |
| MU | 13.7 | +379.3% | 86.8% | +1.41% | Bullish |
| AMD | 154.3 | +50.1% | 53.8% | +15.13% | Bullish |
| INTC | — | +25.4% | 40.4% | −1.54% | Bullish |