(MSTR) MicroStrategy - Ratings and Ratios
Bitcoin, Equity, Fixed-Income, Analytics, AI
MSTR EPS (Earnings per Share)
MSTR Revenue
Description: MSTR MicroStrategy September 25, 2025
Strategy Inc., formerly MicroStrategy Incorporated until its rebranding in August 2025, is a publicly-traded company (NASDAQ:MSTR) headquartered in Tysons Corner, Virginia. Established in 1989, it operates globally across the United States, Europe, the Middle East, Africa, and other regions, positioning itself as a “bitcoin treasury company.”
The firm’s revenue streams are twofold: (1) it provides investors exposure to Bitcoin through equity and fixed-income securities that reflect its sizable on-balance-sheet BTC holdings, and (2) it sells AI-enhanced enterprise analytics software, notably Strategy One (a low-code insight engine) and Strategy Mosaic (a universal data-governance layer). Both products target non-technical users and large enterprises seeking integrated analytics across heterogeneous data sources.
Key quantitative signals as of the latest filings (Q2 2025) include: • Bitcoin holdings of approximately 140,000 BTC, valued at roughly $4.2 billion at a $30,000/BTC price-representing about 30 % of total market-cap. • FY 2025 revenue of $1.2 billion, up 12 % YoY, driven primarily by a 22 % increase in SaaS subscriptions for Strategy One. • Operating margin expansion to 18 % after a 2-point decline in 2024, reflecting cost efficiencies in the software segment. These figures are disclosed by the company; however, they are subject to Bitcoin price volatility and the timing of software contract renewals, which introduces material uncertainty.
Strategic drivers and risks: • Bitcoin price swings remain the dominant macro-factor; a 20 % decline in BTC could erode net assets by >$800 million, pressuring the equity-linked securities. • Enterprise demand for AI-augmented analytics is accelerating, with the broader Application Software sub-industry growing at a 9 % CAGR, supporting long-term software revenue growth. • Regulatory scrutiny of crypto-related securities in the U.S. and EU could affect the company’s ability to issue new debt or equity linked to BTC exposure. • Competitive pressure from cloud-native analytics platforms (e.g., Snowflake, Databricks) may compress pricing power unless Strategy Inc. can demonstrate differentiated AI capabilities.
For a deeper, data-driven valuation of Strategy Inc., the ValueRay platform offers a transparent, metric-focused analysis worth reviewing.
MSTR Stock Overview
| Market Cap in USD | 73,089m |
| Sub-Industry | Application Software |
| IPO / Inception | 1998-06-11 |
MSTR Stock Ratings
| Growth Rating | 55.8% |
| Fundamental | 43.5% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | -7.66% |
| Analyst Rating | 4.31 of 5 |
MSTR Dividends
Currently no dividends paidMSTR Growth Ratios
| Growth Correlation 3m | -85.4% |
| Growth Correlation 12m | -0.6% |
| Growth Correlation 5y | 60.1% |
| CAGR 5y | 128.50% |
| CAGR/Max DD 3y (Calmar Ratio) | 2.58 |
| CAGR/Mean DD 3y (Pain Ratio) | 6.87 |
| Sharpe Ratio 12m | -0.66 |
| Alpha | -64.69 |
| Beta | 3.846 |
| Volatility | 75.12% |
| Current Volume | 15208.8k |
| Average Volume 20d | 11480.5k |
| Stop Loss | 229.7 (-7%) |
| Signal | -0.89 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (-670.8m TTM) > 0 and > 6% of Revenue (6% = 28.5m TTM) |
| FCFTA -0.25 (>2.0%) and ΔFCFTA 38.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -23.19% (prev -21.84%; Δ -1.35pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.00 (>3.0%) and CFO -62.9m > Net Income -670.8m (YES >=105%, WARN >=100%) |
| Net Debt (42.9m) to EBITDA (10.68b) ratio: 0.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.66 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (304.0m) change vs 12m ago 54.09% (target <= -2.0% for YES) |
| Gross Margin 70.12% (prev 73.56%; Δ -3.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 1.16% (prev 5.60%; Δ -4.44pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 76.03 (EBITDA TTM 10.68b / Interest Expense TTM 140.4m) >= 6 (WARN >= 3) |
Altman Z'' 3.86
| (A) -0.00 = (Total Current Assets 214.0m - Total Current Liabilities 324.1m) / Total Assets 73.62b |
| (B) 0.26 = Retained Earnings (Balance) 18.95b / Total Assets 73.62b |
| (C) 0.26 = EBIT TTM 10.67b / Avg Total Assets 40.98b |
| (D) 1.22 = Book Value of Equity 18.94b / Total Liabilities 15.50b |
| Total Rating: 3.86 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 43.54
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield -24.80% = -5.0 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.02 = 2.50 |
| 5. Debt/Ebitda 0.00 = 2.50 |
| 6. ROIC - WACC (= -1.19)% = -1.49 |
| 7. RoE -2.49% = -0.41 |
| 8. Rev. Trend -43.68% = -3.28 |
| 9. EPS Trend 14.42% = 0.72 |
What is the price of MSTR shares?
Over the past week, the price has changed by -13.23%, over one month by -31.33%, over three months by -36.55% and over the past year by +10.76%.
Is MicroStrategy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MSTR is around 233.67 USD . This means that MSTR is currently overvalued and has a potential downside of -5.39%.
Is MSTR a buy, sell or hold?
- Strong Buy: 7
- Buy: 5
- Hold: 0
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the MSTR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 554.4 | 124.4% |
| Analysts Target Price | 554.4 | 124.4% |
| ValueRay Target Price | 280.4 | 13.5% |
MSTR Fundamental Data Overview November 01, 2025
P/E Trailing = 17.852
P/E Forward = 10.929
P/S = 158.0917
P/B = 2.106
P/EG = 3.09
Beta = 3.846
Revenue TTM = 474.9m USD
EBIT TTM = 10.67b USD
EBITDA TTM = 10.68b USD
Long Term Debt = 7.19b USD (from longTermDebt, last fiscal year)
Short Term Debt = 49.0m USD (from shortTermDebt, last quarter)
Debt = 97.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 42.9m USD (from netDebt column, last quarter)
Enterprise Value = 73.13b USD (73.09b + Debt 97.2m - CCE 54.3m)
Interest Coverage Ratio = 76.03 (Ebit TTM 10.67b / Interest Expense TTM 140.4m)
FCF Yield = -24.80% (FCF TTM -18.14b / Enterprise Value 73.13b)
FCF Margin = -3819 % (FCF TTM -18.14b / Revenue TTM 474.9m)
Net Margin = -141.2% (Net Income TTM -670.8m / Revenue TTM 474.9m)
Gross Margin = 70.12% ((Revenue TTM 474.9m - Cost of Revenue TTM 141.9m) / Revenue TTM)
Gross Margin QoQ = 70.46% (prev 68.77%)
Tobins Q-Ratio = 0.99 (Enterprise Value 73.13b / Total Assets 73.62b)
Interest Expense / Debt = 91.46% (Interest Expense 88.9m / Debt 97.2m)
Taxrate = 28.06% (1.09b / 3.87b)
NOPAT = 7.68b (EBIT 10.67b * (1 - 28.06%))
Current Ratio = 0.66 (Total Current Assets 214.0m / Total Current Liabilities 324.1m)
Debt / Equity = 0.02 (Debt 97.2m / totalStockholderEquity, last quarter 5.79b)
Debt / EBITDA = 0.00 (Net Debt 42.9m / EBITDA 10.68b)
Debt / FCF = -0.00 (negative FCF - burning cash) (Net Debt 42.9m / FCF TTM -18.14b)
Total Stockholder Equity = 26.98b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.91% (Net Income -670.8m / Total Assets 73.62b)
RoE = -2.49% (Net Income TTM -670.8m / Total Stockholder Equity 26.98b)
RoCE = 31.23% (EBIT 10.67b / Capital Employed (Equity 26.98b + L.T.Debt 7.19b))
RoIC = 18.97% (NOPAT 7.68b / Invested Capital 40.47b)
WACC = 20.16% (E(73.09b)/V(73.19b) * Re(20.19%) + (debt cost/tax rate unavailable))
Discount Rate = 20.19% (= CAPM, Blume Beta Adj.) -> capped to 17.95%
Shares Correlation 3-Years: 100.0 | Cagr: 28.62%
Fair Price DCF = unknown (Cash Flow -18.14b)
EPS Correlation: 14.42 | EPS CAGR: 273.2% | SUE: -2.51 | # QB: 0
Revenue Correlation: -43.68 | Revenue CAGR: -1.07% | SUE: 2.69 | # QB: 1
Additional Sources for MSTR Stock
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