(MSTR) MicroStrategy - Overview

Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 54.141m USD | Total Return: -57.1% in 12m

Bitcoin, Business Intelligence, Data Analytics, Artificial Intelligence
Total Rating 15
Safety 44
Buy Signal -0.42
Software - Application
Industry Rotation: +7.4
Market Cap: 54.1B
Avg Turnover: 2.79B
Risk 3d forecast
Volatility68.1%
VaR 5th Pctl11.3%
VaR vs Median0.57%
Reward TTM
Sharpe Ratio-0.94
Rel. Str. IBD12.5
Rel. Str. Peer Group41.3
Character TTM
Beta2.089
Beta Downside2.581
Hurst Exponent0.551
Drawdowns 3y
Max DD77.42%
CAGR/Max DD0.97
CAGR/Mean DD2.61
EPS (Earnings per Share) EPS (Earnings per Share) of MSTR over the last years for every Quarter: "2021-03": 0.15, "2021-06": 0.17, "2021-09": -0.36, "2021-12": -0.01, "2022-03": -1.16, "2022-06": -9.4, "2022-09": -0.1, "2022-12": -2.05, "2023-03": 3.06, "2023-06": 0.24, "2023-09": -0.9, "2023-12": 0.56, "2024-03": -8.26, "2024-06": -0.76, "2024-09": -1.56, "2024-12": -3.03, "2025-03": -16.49, "2025-06": 32.52, "2025-09": 8.42, "2025-12": -42.93, "2026-03": -38.25,
Last SUE: -2.24
Qual. Beats: -2
Revenue Revenue of MSTR over the last years for every Quarter: 2021-03: 122.902, 2021-06: 125.351, 2021-09: 127.994, 2021-12: 134.515, 2022-03: 119.277, 2022-06: 122.073, 2022-09: 125.36, 2022-12: 132.554, 2023-03: 121.915, 2023-06: 120.4, 2023-09: 129.462, 2023-12: 124.484, 2024-03: 115.246, 2024-06: 111.442, 2024-09: 116.071, 2024-12: 120.697, 2025-03: 111.066, 2025-06: 114.488, 2025-09: 128.691, 2025-12: 122.989, 2026-03: 124.3,
Rev. CAGR: -2.01%
Rev. Trend: -56.4%
Last SUE: -0.12
Qual. Beats: 0

Warnings

Share dilution 30.2% YoY

High Debt while negative Cash Flow

Altman Z'' -0.87 < 1.0 - financial distress zone

Below Avwap Earnings

Tailwinds

Confidence

Description: MSTR MicroStrategy

MicroStrategy Incorporated (MSTR) operates a dual-track business model focused on enterprise analytics software and a Bitcoin treasury strategy. The company develops AI-driven platforms like Strategy One and Strategy Mosaic to provide data governance and actionable insights for non-technical users. Simultaneously, it utilizes its balance sheet to acquire and hold Bitcoin, offering investors exposure to the digital asset through equity and debt instruments.

The company functions within the Application Software sub-industry, where enterprise vendors increasingly integrate generative AI to automate data visualization. Unlike traditional software firms that hold cash or short-term bonds, MicroStrategy’s treasury model treats Bitcoin as its primary reserve asset, making its stock price highly sensitive to cryptocurrency market volatility. For a deeper look into these valuation drivers, consider reviewing the detailed metrics on ValueRay.

Founded in 1989 and headquartered in Tysons Corner, Virginia, the firm recently rebranded to Strategy Inc. while maintaining its focus on global intelligence solutions. The business serves a diverse international client base across the Middle East, Africa, and Europe, bridging the gap between legacy corporate software and decentralized finance assets.

Headlines to Watch Out For
  • Fluctuations in Bitcoin market price directly impact net asset value and share price
  • Capital markets activity for Bitcoin acquisition increases corporate debt and share dilution
  • Institutional demand for Bitcoin proxy vehicles dictates premium or discount to holdings
  • Enterprise analytics software revenue provides steady cash flow for operational debt service
  • Regulatory changes regarding digital asset accounting standards affect reported balance sheet volatility
Piotroski VR-10 (Strict) 2.0
Net Income: -12.4b TTM > 0 and > 6% of Revenue
FCF/TA: -0.22 > 0.02 and ΔFCF/TA 42.45 > 1.0
NWC/Revenue: 407.0% < 20% (prev -22.88%; Δ 429.9% < -1%)
CFO/TA -0.00 > 3% & CFO -50.9m > Net Income -12.4b
Net Debt (6.11b) to EBITDA (489.8m): 12.48 < 3
Current Ratio: 6.05 > 1.5 & < 3
Outstanding Shares: last quarter (333.9m) vs 12m ago 30.19% < -2%
Gross Margin: 68.11% > 18% (prev 0.71%; Δ 6.74k% > 0.5%)
Asset Turnover: 1.00% > 50% (prev 1.05%; Δ -0.05% > 0%)
Interest Coverage Ratio: 9.30 > 6 (EBITDA TTM 489.8m / Interest Expense TTM 49.7m)
Altman Z'' -0.87
A: 0.04 (Total Current Assets 2.39b - Total Current Liabilities 395.1m) / Total Assets 54.3b
B: -0.12 (Retained Earnings -6.47b / Total Assets 54.3b)
C: 0.01 (EBIT TTM 462.1m / Avg Total Assets 49.1b)
D: -0.75 (Book Value of Equity -6.48b / Total Liabilities 8.63b)
Altman-Z'' = -0.87 = CCC
Beneish M -3.14
DSRI: 1.07 (Receivables 122.3m/107.3m, Revenue 490.5m/459.3m)
GMI: 1.04 (GM 68.11% / 70.95%)
AQI: 0.96 (AQ_t 0.95 / AQ_t-1 0.99)
SGI: 1.07 (Revenue 490.5m / 459.3m)
TATA: -0.23 (NI -12.4b - CFO -50.9m) / TA 54.3b)
Beneish M = -3.14 (Cap -4..+1) = AA
What is the price of MSTR shares?

As of May 31, 2026, the stock is trading at USD 159.09 with a total of 19,137,065 shares traded.
Over the past week, the price has changed by -3.49%, over one month by +0.57%, over three months by +22.85% and over the past year by -57.08%.

Is MSTR a buy, sell or hold?

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

What are the forecasts/targets for the MSTR price?
Analysts Target Price 380.8 139.4%
MicroStrategy (MSTR) - Fundamental Data Overview as of 30 May 2026
Market Cap USD = 54.1b (54.1b USD * 1.0 USD.USD)
P/E Forward = 1.1301
P/S = 110.3868
P/B = 1.4772
P/EG = 2.8502
Revenue TTM = 490.5m USD
EBIT TTM = 462.1m USD
EBITDA TTM = 489.8m USD
Long Term Debt = 8.17b USD (from longTermDebt, last quarter)
Short Term Debt = 31.4m USD (from shortTermDebt, last quarter)
Debt = 8.32b USD (from shortLongTermDebtTotal, last quarter) + Leases 60.9m
Net Debt = 6.11b USD (calculated: Debt 8.32b - CCE 2.21b)
Enterprise Value = 60.3b USD (54.1b + Debt 8.32b - CCE 2.21b)
Interest Coverage Ratio = 9.30 (Ebit TTM 462.1m / Interest Expense TTM 49.7m)
EV/FCF = -5.10x (Enterprise Value 60.3b / FCF TTM -11.8b)
FCF Yield = -19.60% (FCF TTM -11.8b / Enterprise Value 60.3b)
 FCF Margin = -2.41k% (FCF TTM -11.8b / Revenue TTM 490.5m)
 Net Margin = -2.52k% (Net Income TTM -12.4b / Revenue TTM 490.5m)
 Gross Margin = 68.11% ((Revenue TTM 490.5m - Cost of Revenue TTM 156.4m) / Revenue TTM)
Gross Margin QoQ = 67.06% (prev 66.11%)
Tobins Q-Ratio = 1.11 (Enterprise Value 60.3b / Total Assets 54.3b)
Interest Expense / Debt = 0.60% (Interest Expense 49.7m / Debt 8.32b)
Taxrate = 21.0% (US default 21%)
NOPAT = 365.0m (EBIT 462.1m * (1 - 21.00%))
Current Ratio = 6.05 (Total Current Assets 2.39b / Total Current Liabilities 395.1m)
Debt / Equity = 0.18 (Debt 8.32b / totalStockholderEquity, last quarter 45.6b)
Debt / EBITDA = 12.48 (Net Debt 6.11b / EBITDA 489.8m)
 Debt / FCF = -0.52 (negative FCF - burning cash) (Net Debt 6.11b / FCF TTM -11.8b)
 Total Stockholder Equity = 51.3b (last 4 quarters mean from totalStockholderEquity)
RoA = -25.17% (Net Income -12.4b / Total Assets 54.3b)
RoE = -21.39% (Net Income TTM -12.4b / Total Stockholder Equity 57.8b)
RoCE = 0.70% (EBIT 462.1m / Capital Employed (Equity 57.8b + L.T.Debt 8.17b))
RoIC = 0.68% (NOPAT 365.0m / Invested Capital 53.9b)
WACC = 11.62% (E(54.1b)/V(62.5b) * Re(13.33%) + D(8.32b)/V(62.5b) * Rd(0.60%) * (1-Tc(0.21)))
Discount Rate = 13.33% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.22 | Cagr: 30.40%
 [DCF] Fair Price = unknown (Cash Flow -11.8b)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.24 | # QB: -2
Revenue Correlation: -56.45 | Revenue CAGR: -2.01% | SUE: -0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=26.20 | Chg30d=+150.19% | Revisions=+20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=15.26 | Chg30d=+28.56% | Revisions=+20% | Analysts=4
EPS current Year (2026-12-31): EPS=53.05 | Chg30d=-14.64% | Revisions=-14% | GrowthEPS=+448.3% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=14.27 | Chg30d=-25.22% | Revisions=+33% | GrowthEPS=-73.1% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +33%