MSTR Stock Analysis: MicroStrategy | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 59.986m USD | 12M Return: -48.7% | US5949724083 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.63B
Qual. Beats: 1
Rev. Trend: 19.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
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: -13.7b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.28 > 0.02 and ΔFCF/TA 18.27 > 1.0 |
| NWC/Revenue: 928.4% < 20% (prev -23.19%; Δ 951.6% < -1%) |
| CFO/TA -0.00 > 3% & CFO -20.1m > Net Income -13.7b |
| Net Debt (3.36b) to EBITDA (12.6b): 0.27 < 3 |
| Current Ratio: 4.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (428.0m) vs 12m ago 40.81% < -2% |
| Gross Margin: 67.84% > 18% (prev 70.12%; Δ -2.29% > 0.5%) |
| Asset Turnover: 0.66% > 50% (prev 0.65%; Δ 0.01% > 0%) |
| Interest Coverage Ratio: 417.0 > 6 (EBIT TTM 12.6b / Interest Expense TTM 30.1m) |
| A: 0.06 (Total Current Assets 6.11b - Total Current Liabilities 1.51b) / Total Assets 77.2b |
| B: 0.05 (Retained Earnings 3.94b / Total Assets 77.2b) |
| C: 0.17 (EBIT TTM 12.6b / Avg Total Assets 75.4b) |
| D: 7.92 (Book Value of Equity 68.5b / Total Liabilities 8.65b) |
| Altman-Z'' = 9.99 = AAA |
| DSRI: 1.10 (Receivables 129.9m/113.4m, Revenue 495.1m/474.9m) |
| GMI: 1.03 (GM 70.12% / 67.84%) |
| AQI: 0.92 (AQ_t 0.92 / AQ_t-1 1.00) |
| SGI: 1.04 (Revenue 495.1m / 474.9m) |
| TATA: -0.18 (NI -13.7b - CFO -20.1m) / TA 77.2b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of November 01, 2026, the stock is trading at USD 130.51 with a total of 33,876,270 shares traded. Over the past week, the price has changed by -10.62%, over one month by -15.62%, over three months by +33.53% and over the past year by -48.73%.
Current recommended Stop Loss: 110.80 (which is 15.1% or 2.2 ATR below the current price).
MicroStrategy has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy MSTR.
- StrongBuy: 13
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 239.3 | 83.3% |
P/E Forward = 5.8893
P/S = 120.3705
P/B = 1.9907
P/EG = 2.8502
Revenue TTM = 495.1m USD
EBIT TTM = 12.6b USD
EBITDA TTM = 12.6b USD
Long Term Debt = 8.16b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.05b USD (from shortTermDebt, last quarter)
Debt = 9.27b USD (corrected: LT Debt 8.16b + ST Debt 1.05b) + Leases 60.8m
Net Debt = 3.36b USD (calculated: Debt 9.27b - CCE 5.91b)
Enterprise Value = 63.3b USD (60.0b + Debt 9.27b - CCE 5.91b)
Interest Coverage Ratio = 417.0 (Ebit TTM 12.6b / Interest Expense TTM 30.1m)
EV/FCF = -2.91x (Enterprise Value 63.3b / FCF TTM -21.7b)
FCF Yield = -34.33% (FCF TTM -21.7b / Enterprise Value 63.3b)
FCF Margin = -4.39k% (FCF TTM -21.7b / Revenue TTM 495.1m)
Net Margin = -2.76k% (Net Income TTM -13.7b / Revenue TTM 495.1m)
Gross Margin = 67.84% ((Revenue TTM 495.1m - Cost of Revenue TTM 159.2m) / Revenue TTM)
Gross Margin QoQ = 71.46% (prev 66.64%)
Tobins Q-Ratio = 0.82 (Enterprise Value 63.3b / Total Assets 77.2b)
Interest Expense / Debt = 0.32% (Interest Expense 30.1m / Debt 9.27b)
Taxrate = 6.73% (1.41b / 20.9b)
NOPAT = 11.7b (EBIT 12.6b * (1 - 6.73%))
Current Ratio = 4.04 (Total Current Assets 6.11b / Total Current Liabilities 1.51b)
Debt / Equity = 0.14 (Debt 9.27b / totalStockholderEquity, last quarter 68.5b)
Debt / EBITDA = 0.27 (Net Debt 3.36b / EBITDA 12.6b)
Debt / FCF = -0.15 (negative FCF - burning cash) (Net Debt 3.36b / FCF TTM -21.7b)
Total Stockholder Equity = 52.6b (last 4 quarters mean from totalStockholderEquity)
RoA = -18.13% (Net Income -13.7b / Total Assets 77.2b)
RoE = -25.97% (Net Income TTM -13.7b / Total Stockholder Equity 52.6b)
RoCE = 20.65% (EBIT 12.6b / Capital Employed (Equity 52.6b + L.T.Debt 8.16b))
RoIC = 15.27% (NOPAT 11.7b / Invested Capital 76.7b)
WACC = 11.37% (E(60.0b)/V(69.3b) * Re(13.08%) + D(9.27b)/V(69.3b) * Rd(0.32%) * (1-Tc(0.07)))
Discount Rate = 13.08% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 96.49 | Cagr: 47.47%
[DCF] Fair Price = unknown (Cash Flow -21.7b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.86 | # QB: 1
Revenue Correlation: 19.50 | Revenue CAGR: 0.65% | SUE: -0.60 | # QB: 0
EPS current Year (2026-12-31): EPS=-16.36 | Chg30d=+25.45% | Revisions=+50% | GrowthEPS=-7.4% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=11.12 | Chg30d=-15.24% | Revisions=-17% | GrowthEPS=+168.0% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +22% (up=4, down=2)