MSTR Stock Analysis: MicroStrategy | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 64.205m USD | 12M Return: -54.6% | US5949724083 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.22B
Qual. Beats: -3
Rev. Trend: -20.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Strategy Inc (NASDAQ: MSTR), formerly known as MicroStrategy Incorporated until its corporate rebranding in August 2025, is a U.S.-headquartered technology company operating two distinct lines of business. Its primary focus is as a bitcoin treasury company, providing investors with economic exposure to Bitcoin through equity and fixed income securities, while it also continues to offer AI-powered enterprise analytics software.
The companys software portfolio centers on Strategy One, a self-service analytics platform aimed at non-technical users, and Strategy Mosaic, a universal intelligence layer that provides governance and consistency across disparate enterprise data sources. Founded in 1989 and based in Tysons Corner, Virginia, Strategy Inc serves customers across the United States, Europe, the Middle East, Africa, and other international markets.
As a notable detail about its business model, Strategy Inc sits at the intersection of the Application Software sub-industry (within the broader Information Technology sector) and the corporate treasury/cryptocurrency space, having pioneered the approach of holding Bitcoin as a primary corporate reserve asset-a strategy that distinguishes it from traditional software peers. The company has been publicly traded since its 1998 IPO.
- Bitcoin price volatility drives MSTR treasury valuation gains
- Enterprise analytics margins face AI competition pressure
- Convertible debt issuance funds additional Bitcoin acquisitions
| Net Income: -30.4b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.41 > 0.02 and ΔFCF/TA 11.43 > 1.0 |
| NWC/Revenue: 436.1% < 20% (prev -21.87%; Δ 458.0% < -1%) |
| CFO/TA -0.00 > 3% & CFO -20.1m > Net Income -30.4b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 5.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (343.3m) vs 12m ago 15.18% < -2% |
| Gross Margin: 67.60% > 18% (prev 70.10%; Δ -2.50% > 0.5%) |
| Asset Turnover: 0.85% > 50% (prev 0.71%; Δ 0.14% > 0%) |
| Interest Coverage Ratio: -667.1 > 6 (EBIT TTM -22.4b / Interest Expense TTM 33.6m) |
| A: 0.04 (Total Current Assets 2.67b - Total Current Liabilities 495.1m) / Total Assets 52.6b |
| B: -0.29 (Retained Earnings -15.2b / Total Assets 52.6b) |
| C: -0.38 (EBIT TTM -22.4b / Avg Total Assets 58.7b) |
| D: 6.26 (Book Value of Equity 45.3b / Total Liabilities 7.24b) |
| Altman-Z'' = 3.34 = A |
| DSRI: 0.97 (Receivables 123.8m/117.9m, Revenue 498.3m/462.3m) |
| GMI: 1.04 (GM 70.10% / 67.60%) |
| AQI: 0.95 (AQ_t 0.95 / AQ_t-1 1.00) |
| SGI: 1.08 (Revenue 498.3m / 462.3m) |
| TATA: -0.58 (NI -30.4b - CFO -20.1m) / TA 52.6b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of October 04, 2026, the stock is trading at USD 160.01 with a total of 27,192,681 shares traded. Over the past week, the price has changed by +0.88%, over one month by +29.89%, over three months by +58.79% and over the past year by -54.59%.
Current recommended Stop Loss: 148.70 (which is 7.1% or 1.3 ATR below the current price).
MicroStrategy has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy MSTR.
- StrongBuy: 7
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 229.9 | 43.7% |
P/E Forward = 6.7889
P/S = 128.8353
P/B = 2.1523
P/EG = 2.8502
Revenue TTM = 498.3m USD
EBIT TTM = -22.4b USD
EBITDA TTM = -22.4b USD
Long Term Debt = 6.67b USD (from longTermDebt, last quarter)
Short Term Debt = 39.8m USD (from shortTermDebt, last quarter)
Debt = 6.83b USD (from shortLongTermDebtTotal, last quarter) + Leases 60.8m
Net Debt = 4.38b USD (calculated: Debt 6.83b - CCE 2.45b)
Enterprise Value = 68.6b USD (64.2b + Debt 6.83b - CCE 2.45b)
Interest Coverage Ratio = -667.1 (Ebit TTM -22.4b / Interest Expense TTM 33.6m)
EV/FCF = -3.15x (Enterprise Value 68.6b / FCF TTM -21.7b)
FCF Yield = -31.71% (FCF TTM -21.7b / Enterprise Value 68.6b)
FCF Margin = -4.36k% (FCF TTM -21.7b / Revenue TTM 498.3m)
Net Margin = -6.10k% (Net Income TTM -30.4b / Revenue TTM 498.3m)
Gross Margin = 67.60% ((Revenue TTM 498.3m - Cost of Revenue TTM 161.5m) / Revenue TTM)
Gross Margin QoQ = 66.64% (prev 67.06%)
Tobins Q-Ratio = 1.30 (Enterprise Value 68.6b / Total Assets 52.6b)
Interest Expense / Debt = 0.49% (Interest Expense 33.6m / Debt 6.83b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -17.7b (EBIT -22.4b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 5.39 (Total Current Assets 2.67b / Total Current Liabilities 495.1m)
Debt / Equity = 0.15 (Debt 6.83b / totalStockholderEquity, last quarter 45.3b)
Debt / EBITDA = -0.20 (negative EBITDA) (Net Debt 4.38b / EBITDA -22.4b)
Debt / FCF = -0.20 (negative FCF - burning cash) (Net Debt 4.38b / FCF TTM -21.7b)
Total Stockholder Equity = 50.0b (last 4 quarters mean from totalStockholderEquity)
RoA = -51.84% (Net Income -30.4b / Total Assets 52.6b)
RoE = -60.79% (Net Income TTM -30.4b / Total Stockholder Equity 50.0b)
RoCE = -39.55% (EBIT -22.4b / Capital Employed (Equity 50.0b + L.T.Debt 6.67b))
RoIC = -34.01% (negative operating profit) (NOPAT -17.7b / Invested Capital 52.1b)
WACC = 12.28% (E(64.2b)/V(71.0b) * Re(13.55%) + D(6.83b)/V(71.0b) * Rd(0.49%) * (1-Tc(0.21)))
Discount Rate = 13.55% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 97.69 | Cagr: 35.97%
[DCF] Fair Price = unknown (Cash Flow -21.7b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -3
Revenue Correlation: -20.33 | Revenue CAGR: -0.72% | SUE: -0.36 | # QB: 0
EPS current Quarter (2026-09-30): EPS=16.39 | Chg30d=+16.92% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=-21.94 | Chg30d=-90.36% | Revisions=-29% | GrowthEPS=-44.0% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=13.12 | Chg30d=+151.86% | Revisions=+50% | GrowthEPS=+159.8% | GrowthRev=+2.3%
[Analyst] Revisions Ratio: +7% (up=6, down=5)