Strategy Inc (MSTR) Stock

Strategy Inc (MSTR) is a Financials stock trading at $114.10 (as of 2026-08-20), with a market capitalization of $40.22B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Strategy Inc operates as a Bitcoin treasury company and, through securities, provides investors with different levels of economic exposure to Bitcoin. It also develops enterprise analytics and intelligence software, including Strategy One and Strategy Mosaic, which support organizations’ access to insights and data governance across sources.

Understand Strategy Inc: how it makes money

Strategy Inc operates as a bitcoin treasury company that offers securities linked to Bitcoin economic exposure, and it also sells AI-powered enterprise analytics software (including Strategy One and Strategy Mosaic), monetizing customers through software license and subscription services plus product support.

The business appears to run on two different monetization streams, Bitcoin-exposure securities and enterprise software, so results can be driven by both Bitcoin-linked market conditions and recurring software plus support demand.

Business quality (Weak): The provided dataset includes a clear business description and a software revenue breakdown and provides gross margin and an operating margin, but it does not provide official reportable segment definitions, so a clean, mutually exclusive segment table cannot be constructed from the available inputs.

Bull case

  • Software provides non-technical enterprise analytics access: The company offers AI-powered enterprise analytics software (Strategy One and Strategy Mosaic), with a monetization mix that includes licenses and subscription services and product support revenue.
  • Multiple revenue lines within software: The provided breakdown shows distinct software revenue categories (software business revenues, product support revenue, and product licenses and subscription services revenues), which can help diversify software cash flows.

Bear case

  • Operating profitability is very weak in the latest period provided: The latest-period operating margin is shown as -11641.5%, indicating a large operating loss relative to the reported revenue figure.
  • Bitcoin-exposure business model can add volatility: Because the company offers investors varying degrees of economic exposure to Bitcoin through securities, financial performance may be sensitive to Bitcoin market conditions.
Valuation — source: SEC EDGAR (first-party)
Price$114.10
Market Cap$40.22B
Price / Book1.30
Price / Sales82.12
FCF Yield-0.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$477.23M
Net Margin-806.3%
Revenue Growth (YoY)1.9%
EPS Growth (YoY)1316.8%
FCF Growth (YoY)-100.0%
Financial Health — source: SEC EDGAR
Altman Z-Score0.99 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCapital International Investors ($3.92B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorFinancials
IndustryBanking
CEOPhong Q. Le
Employees1,546
CountryUS
IPO Date1998-06-11

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MSTR earnings history · MSTR institutional & insider holders · MSTR KPIs & operating metrics · MSTR financials · MSTR investor presentations & press releases · MSTR SEC filings · MSTR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.