(MSTR) MicroStrategy - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5949724083

Bitcoin Exposure, Analytics Software, Enterprise Intelligence

Stock: Application Software
Age 27.6y
MCap 49,452m
Avg Vol 19.8M (3.28B USD)
Beta 1.981
Volatility 73.38%

EPS (Earnings per Share)

EPS (Earnings per Share) of MSTR over the last years for every Quarter: "2020-12": 0.39, "2021-03": 1.54, "2021-06": 1.72, "2021-09": 1.86, "2021-12": 5.32, "2022-03": -10.42, "2022-06": -94.01, "2022-09": -2.39, "2022-12": -21.93, "2023-03": 30.59, "2023-06": 2.35, "2023-09": -8.98, "2023-12": 5.62, "2024-03": -8.26, "2024-06": -0.57, "2024-09": -1.56, "2024-12": -3.03, "2025-03": -16.53, "2025-06": 32.52, "2025-09": 8.42,
EPS CAGR: 13.02%
EPS Trend: 24.1%
Last SUE: -2.51
Qual. Beats: 0

Revenue

Revenue of MSTR over the last years for every Quarter: 2020-12: 131.319, 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,
Rev. CAGR: -1.17%
Rev. Trend: -49.5%
Last SUE: 2.69
Qual. Beats: 1

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 73.4%
Value at Risk 5%th 113%
Relative Tail Risk -6.34%
Reward TTM
Sharpe Ratio -0.87
Alpha -85.50
CAGR/Max DD 1.30
Character TTM
Hurst Exponent 0.472
Beta 1.981
Beta Downside 1.382
Drawdowns 3y
Max DD 67.93%
Mean DD 22.10%
Median DD 20.40%

Description: MSTR MicroStrategy December 02, 2025

Strategy Inc. (formerly MicroStrategy) operates as a “bitcoin treasury company,” using its balance sheet to acquire and hold large quantities of Bitcoin while also issuing equity and fixed-income securities that give investors indirect exposure to the cryptocurrency’s price movements. In parallel, the firm sells AI-enabled enterprise analytics platforms-Strategy One for low-code insight delivery and Strategy Mosaic for unified data governance across heterogeneous sources.

Key data points (as of Q3 2024): the company’s Bitcoin holdings total roughly 150,000 BTC, representing over 30 % of its total assets; revenue from the analytics segment grew ~18 % YoY, driven by rising demand for generative-AI tools in the enterprise software market; and the firm’s free cash flow remains modest (~$50 M) because most cash is tied up in Bitcoin purchases, making the stock’s performance highly sensitive to Bitcoin price volatility. Sector-level drivers include accelerating AI adoption across industries and the broader trend of corporates using digital assets as a treasury hedge.

For a deeper quantitative assessment, consult ValueRay’s MSTR dashboard to explore the latest risk-adjusted metrics and scenario analyses.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 7.92b TTM > 0 and > 6% of Revenue
FCF/TA: -0.51 > 0.02 and ΔFCF/TA 12.03 > 1.0
NWC/Revenue: -23.19% < 20% (prev -21.84%; Δ -1.35% < -1%)
CFO/TA -0.00 > 3% & CFO -62.9m > Net Income 7.92b
Net Debt (8.17b) to EBITDA (11.00b): 0.74 < 3
Current Ratio: 0.66 > 1.5 & < 3
Outstanding Shares: last quarter (304.0m) vs 12m ago 54.09% < -2%
Gross Margin: 70.12% > 18% (prev 0.74%; Δ 6939 % > 0.5%)
Asset Turnover: 1.16% > 50% (prev 5.60%; Δ -4.44% > 0%)
Interest Coverage Ratio: 156.0 > 6 (EBITDA TTM 11.00b / Interest Expense TTM 70.4m)

Altman Z'' 3.91

A: -0.00 (Total Current Assets 214.0m - Total Current Liabilities 324.1m) / Total Assets 73.62b
B: 0.26 (Retained Earnings 18.95b / Total Assets 73.62b)
C: 0.27 (EBIT TTM 10.98b / Avg Total Assets 40.98b)
D: 1.22 (Book Value of Equity 18.94b / Total Liabilities 15.50b)
Altman-Z'' Score: 3.91 = AA

Beneish M -2.81

DSRI: 1.04 (Receivables 113.4m/107.2m, Revenue 474.9m/467.2m)
GMI: 1.05 (GM 70.12% / 73.56%)
AQI: 1.03 (AQ_t 1.00 / AQ_t-1 0.97)
SGI: 1.02 (Revenue 474.9m / 467.2m)
TATA: 0.11 (NI 7.92b - CFO -62.9m) / TA 73.62b)
Beneish M-Score: -2.81 = A

ValueRay F-Score (Strict, 0-100) 56.22

1. Piotroski: 5.0pt
2. FCF Yield: -65.18%
3. FCF Margin: data missing
4. Debt/Equity: 0.14
5. Debt/Ebitda: 0.74
6. ROIC - WACC: 6.01%
7. RoE: 19.76%
8. Revenue Trend: -49.47%
9. EPS Trend: 24.05%

What is the price of MSTR shares?

As of January 23, 2026, the stock is trading at USD 160.98 with a total of 10,984,362 shares traded.
Over the past week, the price has changed by -5.81%, over one month by -2.03%, over three months by -42.67% and over the past year by -57.33%.

Is MSTR a buy, sell or hold?

MicroStrategy has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy MSTR.
  • 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 473.6 194.2%
Analysts Target Price 473.6 194.2%
ValueRay Target Price 206.2 28.1%

MSTR Fundamental Data Overview January 17, 2026

P/E Trailing = 7.0189
P/E Forward = 2.5253
P/S = 104.122
P/B = 0.945
P/EG = 3.09
Revenue TTM = 474.9m USD
EBIT TTM = 10.98b USD
EBITDA TTM = 11.00b USD
Long Term Debt = 8.17b USD (from longTermDebt, last quarter)
Short Term Debt = 316.0k USD (from shortTermDebt, last quarter)
Debt = 8.22b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.17b USD (from netDebt column, last quarter)
Enterprise Value = 57.62b USD (49.45b + Debt 8.22b - CCE 54.3m)
Interest Coverage Ratio = 156.0 (Ebit TTM 10.98b / Interest Expense TTM 70.4m)
EV/FCF = -1.53x (Enterprise Value 57.62b / FCF TTM -37.56b)
FCF Yield = -65.18% (FCF TTM -37.56b / Enterprise Value 57.62b)
FCF Margin = -7907 % (FCF TTM -37.56b / Revenue TTM 474.9m)
Net Margin = 1667 % (Net Income TTM 7.92b / 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 = 0.78 (Enterprise Value 57.62b / Total Assets 73.62b)
Interest Expense / Debt = 0.23% (Interest Expense 18.9m / Debt 8.22b)
Taxrate = 28.06% (1.09b / 3.87b)
NOPAT = 7.90b (EBIT 10.98b * (1 - 28.06%))
Current Ratio = 0.66 (Total Current Assets 214.0m / Total Current Liabilities 324.1m)
Debt / Equity = 0.14 (Debt 8.22b / totalStockholderEquity, last quarter 58.12b)
Debt / EBITDA = 0.74 (Net Debt 8.17b / EBITDA 11.00b)
Debt / FCF = -0.22 (negative FCF - burning cash) (Net Debt 8.17b / FCF TTM -37.56b)
Total Stockholder Equity = 40.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.32% (Net Income 7.92b / Total Assets 73.62b)
RoE = 19.76% (Net Income TTM 7.92b / Total Stockholder Equity 40.06b)
RoCE = 22.76% (EBIT 10.98b / Capital Employed (Equity 40.06b + L.T.Debt 8.17b))
RoIC = 17.36% (NOPAT 7.90b / Invested Capital 45.48b)
WACC = 11.36% (E(49.45b)/V(57.67b) * Re(13.22%) + D(8.22b)/V(57.67b) * Rd(0.23%) * (1-Tc(0.28)))
Discount Rate = 13.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 28.62%
Fair Price DCF = unknown (Cash Flow -37.56b)
EPS Correlation: 24.05 | EPS CAGR: 13.02% | SUE: -2.51 | # QB: 0
Revenue Correlation: -49.47 | Revenue CAGR: -1.17% | SUE: 2.69 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.88 | Chg30d=+0.493 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=40.72 | Chg30d=+2.515 | Revisions Net=+0 | Growth EPS=+637.4% | Growth Revenue=+2.8%

Additional Sources for MSTR Stock

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Fund Manager Positions: Dataroma | Stockcircle