MicroStrategy (MSTR) financials
MicroStrategy revenue and earnings by year
MicroStrategy's revenue was $477 million in the fiscal year to December 31, 2025, up 3.0% from the year before. Net income was -$3.85 billion, -806.3% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 0.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.48 | 0.46 | 0.50 | 0.50 | 0.51 | 0.48 | 0.49 | 0.50 | 0.50 | 0.51 |
| Revenue growth | 3.0% | -6.6% | -0.6% | -2.3% | 6.2% | -1.1% | -2.3% | -1.2% | -1.9% | — |
| Gross profit | 0.33 | 0.33 | 0.39 | 0.40 | 0.42 | 0.39 | 0.39 | 0.40 | 0.41 | 0.42 |
| Gross margin | 68.7% | 72.1% | 77.8% | 79.4% | 82.0% | 81.1% | 79.4% | 80.0% | 80.8% | 81.9% |
| Operating income | -5.44 | -1.85 | -0.12 | -1.28 | -0.78 | -0.01 | -0.00 | 0.00 | 0.07 | 0.11 |
| Operating margin | -1140.8% | -399.8% | -23.2% | -255.5% | -153.6% | -2.8% | -0.2% | 0.8% | 14.5% | 21.3% |
| Net income | -3.85 | -1.17 | 0.43 | -1.47 | -0.54 | -0.01 | 0.03 | 0.02 | 0.02 | 0.09 |
| Net margin | -806.3% | -251.7% | 86.5% | -294.4% | -104.8% | -1.6% | 7.1% | 4.5% | 3.6% | 18.0% |
| Diluted EPS | -$15.23 | -$6.06 | $2.64 | -$12.98 | -$5.34 | -$0.08 | $0.33 | $0.20 | $0.15 | $0.79 |
| Free cash flow | -0.11 | -0.07 | 0.01 | 0.00 | 0.09 | 0.05 | 0.05 | 0.00 | 0.07 | 0.11 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MSTR in Markets.
See also: MSTR valuation and P/E history · MSTR returns
No forecast, no recommendation. This page describes MicroStrategy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.