MSTR
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What they do
Strategy Inc operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments. The company also provides AI-powered enterprise analytics software, including Strategy One.
For information only · Important disclosures
Grades vs sector
No sector grades for MSTR yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.
Our models
Not held by any of our 5 live models right now.
News
More newsKey stats
Valuation and fundamentals
Valuation & fundamentals
Discounted cash flow
Edit assumptions · recalculates instantly
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 3.57 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs sector
Forward EPS $49.49 vs trailing $-99.08. Forward P/E uses analysts' next-12-month estimate.
Backlog (remaining performance obligations)
Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).
Quality & financial health
Piotroski F-score 3/9 · last two fiscal years
Altman Z-score 2.8 (grey zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $477.2M | $-3.8B | $-75.5M |
| 2024 | $463.5M | $-1.2B | $-56.0M |
| 2023 | $496.3M | $429.1M | $9.8M |
| 2022 | $499.3M | $-1.5B | $725.0K |
| 2021 | $510.8M | $-535.5M | $91.1M |
| 2020 | $480.7M | $-7.5M | $50.0M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -1.5%.
Earnings
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-07-30 | 3.07 | -24.45 | -895.3% |
| 2026-05-05 | -15.33 | -38.25 | -149.6% |
| 2026-02-05 | -20.99 | -42.93 | -104.5% |
| 2025-10-30 | 9.67 | 8.42 | -13.0% |
| 2025-07-31 | 21.48 | 32.52 | +51.4% |
| 2025-05-01 | -0.02 | -16.53 | -70753.0% |
| 2025-02-05 | 0.06 | -3.20 | -5433.3% |
| 2024-10-30 | -0.02 | -1.56 | -9354.5% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $122.4M | +6.9% |
| 2026-03-31 | $124.3M | – |
| 2025-12-31 | $123.0M | – |
| 2025-09-30 | $128.7M | – |
| 2025-06-30 | $114.5M | – |
Analyst actions
PT $208
PT $175
PT $240
PT $195
PT $160
PT $179
Stats refreshed 2026-10-21 12:15:18 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app
Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.
Beta 0.9 · Oct 21, 2026