OakChart

Strategy Inc

MSTRTechnology·Software - Application·USA·Large·NASD·Nov 11 • 9:12 AM ET

121.42+0.35 (0.29%)
2026-11-11 15:12 CET
Market cap
51,134.40 USD m
Revenue, TTM
495.08 USD m
Net income, TTM
-14,893.53 USD m
Free cash flow, TTM
-21.13 USD m
EPS diluted, TTM
-60.87
P/E
-
Compare

Price

MSTR against its 20, 50 and 200-day averages
2050200beatmiss
100.00150.00200.0027.3M54.7MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MSTRclose 121.4220-day 137.2950-day 144.09200-day 133.16121.42

56.1% under 276.32 on 31 Oct 2025. Last 15 sessions, 28.5% high to low

Profile

MSTR
52-week range, 25% of the way up
81.81239.24

Strategy, Inc. engages in the development of fixed-income instruments that provide investors varying degrees of economic exposure to bitcoin. It executes bitcoin acquisition, capital management, and capital markets strategies. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Tysons Corner, VA.

IndexNDX, RUI
Employees1539
IPOJun 11, 1998
Beta3.62
ATR, 14d8.85
Rel volume0.52
Short float6.68%
Insider own4.91%
Inst own51.56%

Snapshot

6 groups

Valuation

IndexNDX, RUI
Market Cap51.28B
Enterprise Value65.21B
Income-14.89B
Sales495.08M
Book/sh131.38
Cash/sh13.99
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees1539
IPOJun 11, 1998

Ratios

P/E-
Forward P/E3.88
PEG-
P/S103.58
P/B0.92
P/C8.68
P/FCF-
EV/EBITDA49398.95
EV/Sales131.71
Quick Ratio4.04
Current Ratio4.04
Debt/Eq0.10
LT Debt/Eq0.08
Option/ShortYes / Yes

Earnings

EPS (ttm)-60.87
EPS next Y31.31
EPS next Q4.15
EPS this Y55.66%
EPS next Y563.73%
EPS next 5Y-
EPS past 3/5Y-5.47% -187.39%
Sales past 3/5Y-1.49% -0.15%
EPS Y/Y TTM-322.34%
Sales Y/Y TTM4.24%
EPS Q/Q431.48%
Sales Q/Q-2.54%
EarningsOct 29 AMC
EPS/Sales Surpr.121.61% -1.83%

Ownership

Insider Own4.91%
Insider Trans-0.92%
Inst Own51.56%
Inst Trans0.34%
ROA-18.13%
ROE-21.59%
ROIC-18.41%
Gross Margin67.84%
Oper. Margin-8.71%
Profit Margin-3008.28%
SMA20-11.56%
SMA50-15.73%
SMA200-8.82%
Trades-

Technical

Shs Outstand402.34M
Shs Float401.61M
Short Float6.68%
Short Ratio1.19
Short Interest26.82M
52W High239.24 -49.25%
52W Low81.81 48.42%
Volatility7.58% 6.62%
ATR (14)8.85
RSI (14)37.32
Beta3.62
Rel Volume0.52
Avg Volume22.47M
Volume587,262

Performance

Perf Week-14.82%
Perf Month-20.21%
Perf Quarter25.05%
Perf Half Y-31.80%
Perf YTD-20.09%
Perf Year-47.52%
Perf 3Y138.46%
Perf 5Y48.37%
Perf 10Y517.12%
Recom1.27
Target Price238.50
Prev Close121.07
Price121.42
Change %0.29%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 02, 2026InitiatedAAlliance Global PartnersBuy$217+78.7%
Jul 08, 2026InitiatedBBarclaysOverweight$130+7.1%
Mar 10, 2026InitiatedRB. Riley SecuritiesBuy$175+44.1%
Jan 27, 2026ResumedCCantor FitzgeraldOverweight$213+75.4%
Nov 10, 2025UpgradeMMonness Crespi & HardtSell → Neutral
Oct 15, 2025InitiatedCChina RenaissanceBuy$473+289.6%
Jul 15, 2025ReiteratedMMonness Crespi & HardtSell$175 → $200+64.7%
Apr 29, 2025InitiatedHH.C. WainwrightBuy$480+295.3%
Apr 01, 2025DowngradeMMonness Crespi & HardtNeutral → Sell$220+81.2%
Mar 19, 2025InitiatedMMonness Crespi & HardtNeutral

Peers

Mkt cap
TickerCompanyMkt cap
BMNRBitMine Immersion Technologies Inc10.89B
NAKANakamoto Inc106.04M
COINCoinbase Global Inc35.29B
MARAMARA Holdings Inc2.97B
DFDVDeFi Development Corp131.53M
RIOTRiot Platforms Inc7.03B
GLXYGalaxy Digital Inc5.87B
HUTHut 8 Corp7.37B
CLSKCleanspark Inc1.80B
BTBTBit Digital Inc278.44M

Insider trading

latest 14 of 100
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Patten Jarrod MDirectorNov 04 '26Option Exercise18.244,75086,62133,156Nov 06 04:03 PM
Patten Jarrod MDirectorNov 04 '26Sale141.004,750669,75028,406Nov 06 04:03 PM
Patten Jarrod MDirectorNov 03 '26Option Exercise18.2495017,32429,356Nov 04 04:02 PM
Patten Jarrod MDirectorNov 03 '26Sale136.04950129,23828,406Nov 04 04:02 PM
Patten Jarrod MDirectorNov 04 '26Proposed Sale141.004,750669,750Nov 04 11:08 AM
Patten Jarrod MDirectorNov 03 '26Proposed Sale136.04950129,238Nov 03 04:18 PM
Patten Jarrod MDirectorOct 08 '26Option Exercise18.241,40025,53029,806Oct 13 04:00 PM
Patten Jarrod MDirectorOct 09 '26Option Exercise18.241,35024,61929,756Oct 13 04:00 PM
Patten Jarrod MDirectorOct 08 '26Sale151.011,400211,41328,406Oct 13 04:00 PM
Patten Jarrod MDirectorOct 09 '26Sale156.161,350210,81228,406Oct 13 04:00 PM
Patten Jarrod MDirectorOct 09 '26Proposed Sale156.161,350210,812Oct 09 04:04 PM
Patten Jarrod MDirectorOct 08 '26Proposed Sale151.011,400211,413Oct 08 03:50 PM
Patten Jarrod MDirectorSep 22 '26Option Exercise18.244758,66228,881Sep 23 04:01 PM
Patten Jarrod MDirectorSep 22 '26Sale171.0047581,22528,406Sep 23 04:01 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
QQQInvesco QQQ Trust Series 1AUM: 463.98B
VXFVanguard Extended Market Index ETFAUM: 30.47B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
VGTVanguard Information Technology ETFAUM: 138.05B
CGGRCapital Group Growth ETFAUM: 25.66B
QQQMInvesco NASDAQ 100 ETFAUM: 106.59B
IGViShares Expanded Tech-Software Sector ETFAUM: 12.77B

News

latest 14 of 103
  • OKXICE Tokenized Stock Venue to Open Nov. 23; Circle, Coinbase, Robinhood Among 70+ Assets (Unchained)
  • MSTR Stock In Focus: MSCI Prepares First Index Review Under New Crypto Treasury Rules (Stocktwits)
  • Strategy and Trump Media Bought the Bitcoin News: Is CPI the Trigger BTC Needs? (99bitcoins)
  • BTC USD Holds $74,000 Through a Third Day of ETF Outflows: Is the Bottom In For Bitcoin? (99bitcoins)
  • Strategy Makes Biggest Bitcoin Purchase Since September, While Bitmine, Strive Slow Down (Stocktwits)
  • Loading…
  • Strategys Bitcoin Holdings Top 850,000 Tokens (CryptoProwl)
  • Strategy Buys 1,036 BTC but Spends More Repurchasing Its Preferred Stock Just Under $100 (Unchained)
  • 3 Reasons Strategy and Other Crypto Stocks Are Dropping (Barrons.com)
  • Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC (decrypt)
  • Crypto struggles amid broader upbeat market mood (MarketWatch)
  • Bitcoin Doesn't Need a Bank, Yet MicroStrategy Wants to Become One (BeInCrypto)
  • Weekly Wrap: Bitcoin Falls as U.S. Market Crashes (CryptoProwl)
  • What If the Only Companies That Let Their Stocks Be Tokenized Are Crypto Firms? (Barrons.com)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-2944.75020.19444.750125.43127.7615
2026Q22026-07-30-24.450-2.189-24.452122.37122.9911
2026Q12026-05-05-38.250-0.862-38.250124.3120.755
2025Q42026-02-05-42.930-0.080-42.925122.99119.124
2025Q32025-10-308.420-0.1028.421128.69116.655
2025Q22025-07-3132.600-0.09832.596114.49113.546
2025Q12025-05-01-16.490-2.441-16.485111.1116.197
2024Q42025-02-05-3.030-0.091-3.027120.7122.457
2024Q32024-10-30-1.720-0.123-1.724116.07121.454
2024Q22024-08-01-0.574-0.093-0.574112.1121.993
2024Q12024-04-29-0.309-0.055-0.309114.94121.732
2023Q42024-02-060.496-0.0640.497124.48132.971
2023Q32023-11-01-1.0090.030-1.009129.461263
2023Q22023-08-010.152-0.0190.152120.4123.082
2023Q12023-05-013.179-0.0323.179126.04119.052
2022Q42023-02-02-2.1930.002-2.193132.55131.011

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY0.1970.2880.197497.64501.41
2019FY0.3330.2970.333486.33482.17
2020FY-0.0780.459-0.078480.74-
2021FY-5.344-4.766-5.344510.76509.47
2022FY-12.983-10.771-12.983499.26497.71
2023FY2.6422.2702.642496.26504.84
2024FY-6.060-2.541-6.059463.46464.48
2025FY-15.23016.507-15.230477.23473.3
2026FY--6.753--503.94
2027FY-31.314--527.09
2028FY-17.336--577.38
2029FY-100.57---

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-051562129.1123149
2026Q4S2026-11-021552128.52117.63149
2026Q4S2026-10-301542128.32117.63149
2026Q4S2026-10-291411126.1117.63133.7
2026Q4S2026-10-251411126.1117.63133.7
2026Q4S2026-10-231412126.1117.63133.7
2026Q4S2026-10-141421126.41117.63133.7
2026Q4S2026-09-251424126.41117.63133.7
2026Q4S2026-09-071314126.11117.63133.7
2026Q4S2026-08-311314126.11117.63133.7
2026Q4S2026-08-241214126.26117.63133.7
2026Q4S2026-08-141204125.61117.63133.7
2026Q4S2026-08-111305125.62117.63133.7
2026Q4S2026-08-061304125.81117.63133.7

Estimate history

EPS, annual0.1580.1970.333-0.078-5.344-12.9832.642-6.059-15.233-60.8734
Period201720182019202020212022202320242025TTM
EPS, quarterly-1.724-3.027-16.48532.5968.421-42.925-38.25-24.45244.754
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual503.843497.638486.327480.735510.762499.264496.261463.456477.233495.08
Period201720182019202020212022202320242025TTM
Sales, quarterly116.071120.697111.066114.488128.691122.989124.3122.368125.427
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual114.47105.87101.1695.87112.86115.49168.68245.778312.062421.978
Period201720182019202020212022202320242025MRQ
Shares, quarterly202.64245.778266.177280.958287.108312.062345.926371.603421.978
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue495.08477.23463.46496.26499.26510.76480.74486.33497.64
Cost of Goods Sold Incl. D&A159.24174.02141.77118.04107.4994.6194.16102.87101.80
Gross Profit335.84303.22321.69378.22391.77416.15386.58383.45395.84
Selling, General and Administrative Excl. Other378.94344.12384.80377.41381.23370.06329.51384.45391.86
Research and Development94.5993.86118.49120.53127.43117.12103.56109.42102.50
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income-43.10-40.91-63.120.8010.5446.0957.07-1.003.98
Interest Expense-64.9761.9448.9653.1429.151.810.000.00
Unusual Expense19,180.375,403.481,812.8071.171,286.29830.6270.70-0.00
Net Income Before Taxes-19,201.82-5,525.95-1,934.35-124.53-1,322.46-811.39-19.9538.2620.48
Income Taxes-5,535.85-1,677.80-767.68-553.65147.33-275.91-12.433.91-2.02
Consolidated Net Income-13,665.98-3,848.15-1,166.66429.12-1,469.80-535.48-7.5234.3522.50
Net Income From Continuing Operations-13,665.98-3,848.15-1,166.66429.12-1,469.80-535.48-7.5234.3522.50
Net Income-14,893.53-4,229.52-1,166.66429.12-1,469.80-535.48-7.5234.3522.50
EPS (Recurring)-3.34-1.610.532.94-5.030.460.430.330.20
EPS (Basic, Before Extraordinaries)-57.85-15.23-6.063.14-12.98-5.34-0.080.340.20
EPS (Diluted)-60.87-15.23-6.062.64-12.98-5.34-0.080.330.20
EBITDA1.32-1.44-24.5332.0733.9968.3481.7215.7017.08
Non-Operating Income (Expense)63.72-16.603.51-5.206.412.29-4.5139.2716.50
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense42.6544.5661.4756.7050.2632.218.147.4511.56
Price To Earnings Ratio---489.63---42.7764.98
Price To Sales Ratio132.3688.41120.3321.083.2110.687.833.032.93
Gross Margin67.8463.5469.4176.2178.4781.4880.4178.8579.54
Operating Margin-8.71-8.57-13.620.162.119.0211.87-0.210.80
Net Margin-3,008.28-886.26-251.7386.47-294.39-104.84-1.577.064.52
Shares Outstanding421.98312.06245.78168.68115.49112.8695.87101.16105.87
Market Capitalization51,134.4051,134.4070,913.469,162.911,602.296,145.113,725.031,442.851,352.49

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue125.43122.37124.30122.99128.69114.49111.07120.70
Cost of Goods Sold Incl. D&A35.7940.8240.9541.6838.0135.7533.9734.17
Gross Profit89.6381.5583.3581.3190.6878.7477.0986.53
Selling, General and Administrative Excl. Other92.2397.1498.2991.2890.6894.2692.5096.89
Research and Development24.0623.1024.6622.7622.6024.0724.4225.69
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income-2.60-15.59-14.94-9.97-0.01-15.52-15.41-10.37
Interest Expense15.3815.62-11.0718.8917.9017.1116.46
Unusual Expense-20,912.398,201.4514,455.4817,435.83-3,890.85-14,047.515,906.011,006.05
Net Income Before Taxes20,942.28-8,218.07-14,465.48-17,460.563,871.2414,005.82-5,942.45-1,026.73
Income Taxes1,409.311.56-1,922.81-5,023.911,086.213,984.98-1,725.08-355.93
Consolidated Net Income19,532.97-8,219.63-12,542.67-12,436.652,785.0210,020.85-4,217.37-670.81
Net Income From Continuing Operations19,532.97-8,219.63-12,542.67-12,436.652,785.0210,020.85-4,217.37-670.81
Net Income19,118.93-8,620.29-12,772.20-12,619.982,645.139,971.74-4,228.02-670.81
EPS (Recurring)10.56-8.17-7.95-1.41-0.210.54-0.370.15
EPS (Basic, Before Extraordinaries)47.78-24.45-38.25-42.939.3036.23-16.49-3.03
EPS (Diluted)44.75-24.45-38.25-42.938.4232.60-16.49-3.03
EBITDA9.59-1.57-4.63-2.076.46-4.12-6.59-2.99
Non-Operating Income (Expense)47.8714.594.94-3.68-0.72-8.27-3.946.15
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense10.4111.2710.4110.5612.2312.449.3415.27
Price To Earnings Ratio---7.0728.37---
Price To Sales Ratio132.3661.4984.9693.61213.97268.22160.98138.49
Gross Margin71.4666.6467.0666.1170.4668.7769.4171.69
Operating Margin-2.07-12.74-12.02-8.11-0.00-13.56-13.87-8.59
Net Margin15,243.08-7,044.56-10,275.30-10,261.062,055.418,709.85-3,806.76-555.78
Shares Outstanding421.98371.60345.93312.06287.11280.96266.18245.78
Market Capitalization51,134.4030,464.4443,130.1343,663.2991,363.61110,517.6975,081.6570,913.46

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,303.3439.9048.6750.8764.4360.76566.74576.97676.11
Short Term Receivables219.95183.80207.72189.88190.38198.56164.72172.16165.36
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets40.8528.6211.5123.8213.1513.3022.0029.2719.18
Total Current Assets2,564.14252.32267.89264.57267.96272.62753.45778.40860.65
Net Property, Plant & Equipment75.8380.8986.2893.61103.35116.57135.6951.9253.36
Total Investments and Advances0.000.000.000.000.000.000.000.000.00
Long-Term Note Receivable4.706.80-------
Intangible Assets58,854.0323,909.373,626.481,840.032,850.211,054.300.000.002.50
Deferred Tax Assets4.511,525.31757.57188.15319.786.5019.4117.329.30
Other Assets137.8868.9924.3023.9215.8215.628.028.137.41
Total Assets61,641.0825,843.694,762.532,410.273,557.121,465.61916.57855.77933.22
Short Term Debt Incl. Current Port. of LT Debt42.6210.9010.9510.519.2110.819.600.000.00
Accounts Payable37.2333.4032.6327.4233.8731.3123.4233.6830.71
Income Tax Payable1.809.20-5.503.003.000.90--
Other Current Liabilities374.84301.88279.70273.97265.90240.50235.90224.59240.23
Total Current Liabilities456.49355.38323.27317.40311.99285.62269.82258.27270.94
Long Term Debt8,204.987,247.562,243.192,445.902,231.76570.69103.420.000.00
Provision for Risks Charges0.002.908.300.002.104.590.000.000.00
Deferred Tax Liabilities1,929.450.410.360.200.118.211.754.840.00
Other Liabilities7.197.4522.4329.8932.2143.4633.0262.9356.55
Total Liabilities10,598.117,613.702,597.562,793.392,578.17912.57408.01326.04327.49
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value6,919.510.000.000.000.000.000.000.000.00
Common Equity44,123.4618,229.982,164.97-383.12978.96553.04508.56529.73605.73
Total Shareholders Equity51,042.9718,229.982,164.97-383.12978.96553.04508.56529.73605.73
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity51,042.9718,229.982,164.97-383.12978.96553.04508.56529.73605.73
Total Liabilities & Stockholders Equity61,641.0825,843.694,762.532,410.273,557.121,465.61916.57855.77933.22
Book Value Per Share141.3974.1712.83-3.328.675.775.035.005.29
Tangible Book Value Per Share-47.20-23.11-8.66-19.25-16.58-5.235.035.005.27
Full-Time Employees1,5391,5341,9342,1522,1211,9972,3962,5282,216
Price to Book Ratio0.9215.5510.90-8.006.286.742.842.552.45
Return on Assets-8.80-7.6211.97-49.26-21.32-0.633.882.662.14
Return on Equity-11.11-11.4448.17-493.35-69.91-1.426.624.023.14
Return on Invested Capital-6.49-4.589.73-71.25-16.68-0.675.614.253.00
Quick Ratio5.620.710.830.830.860.952.793.013.18
Current Ratio5.620.710.830.830.860.952.793.013.18

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-13,665.98-3,848.15-1,166.66429.12-1,469.80-535.48-7.5234.3522.50
Depreciation44.4234.5926.2823.1718.9519.5521.5416.703.70
Other Funds (Non Cash)19,246.235,485.741,904.64150.431,359.18882.9083.217.5416.70
Funds from Operations83.20-12.05-10.3233.7739.8282.7476.4055.9834.63
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-90.56-55.19-42.71-21.05-36.6111.09-22.784.89-24.00
Cash from Operating Activities-7.36-67.24-53.0312.713.2193.8353.6260.8710.63
Capital Expenditures-17,358.09-22,512.29-22,086.24-1,905.24-290.41-2,629.24-1,128.65-10.18-6.85
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00-
Purchase or Sale of Investments-3,396.710.000.000.000.000.00109.96363.87-202.22
Purchase of Investments-3,734.300.000.000.000.000.00-9.93-320.49-694.02
Sale Or Maturity of Investments337.590.000.000.000.000.00119.89684.36491.80
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources431.760.000.000.0011.820.000.000.000.00
Cash from Investing Activities-20,323.04-22,512.29-22,086.24-1,905.24-278.59-2,629.24-1,018.69353.69-209.06
Cash Dividends Paid-1,231.74-381.370.000.000.000.000.000.000.00
Change in Capital Stock25,385.8523,209.7816,518.452,054.5552.101,033.97-72.14-66.15-108.51
Repurchase of Common Pref Stock-1,342.370.000.000.000.000.00-123.22-72.72-110.98
Sale of Common Pref Stock26,728.2123,209.7816,518.452,054.5552.101,033.9751.086.572.47
Proceedsfrom Stock Options26,738.2723,204.3516,334.162,024.0350.71993.3210.430.000.00
Issuance or Reduction of Debt, Net-1,369.372,015.115,616.37-160.55215.171,512.41635.380.00-0.01
Change in Long Term Debt-1,369.372,015.115,616.37-160.55215.171,512.41635.380.00-0.01
Issuance of Long Term Debt9.882,015.826,132.720.00215.421,512.41635.380.000.00
Reduction of Long Term Debt-1,379.24-0.71-516.35-160.55-0.250.000.000.00-0.01
Net Financing Active Other Cash Flow0.000.00-2.17-4.11-2.08-4.700.000.000.00
Other Financing Activities Uses0.000.00-2.17-4.11-2.08-4.700.000.000.00
Cash from Financing Activities22,784.7424,843.5322,132.641,889.89265.192,541.68563.23-66.15-108.52
Exchange Rate Effect-7.41-0.54-2.150.44-3.38-2.614.78-1.37-3.44
Net Change in Cash2,446.932,263.45-8.78-2.19-13.573.67-397.06347.03-310.40
Free Cash Flow-21.13-112.45-66.519.770.7291.1349.9750.693.78
Preferred Dividends (Cash Flow)--381.370.000.000.000.000.000.000.00
Price to Free Cash Flow---1,070.542,210.6459.8775.3029.06385.58
Deferred Taxes & Investment Tax Credit--1,684.22-774.59-568.95131.49-284.22-20.83-2.61-8.27

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments5,907.582,449.832,209.242,303.3456.2052.13
Short Term Receivables147.13137.09134.06219.95118.11120.57
Inventories0.000.000.000.000.000.00
Other Current Assets52.9081.7247.9240.8539.6540.76
Total Current Assets6,107.612,668.632,391.222,564.14213.95213.46
Net Property, Plant & Equipment87.9186.5786.5575.8379.1981.78
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets70,824.0149,672.0851,649.6858,854.0373,205.7364,362.80
Deferred Tax Assets5.155.115.044.515.835.72
Other Assets117.17123.20129.36137.88103.2499.26
Total Assets77,151.5552,562.5954,268.7561,641.0873,619.0464,773.42
Short Term Debt Incl. Current Port. of LT Debt1,045.6739.8131.4042.620.320.35
Accounts Payable79.3035.3444.6637.2348.7244.22
Income Tax Payable---1.80--
Other Current Liabilities386.40419.95319.00374.84275.05270.00
Total Current Liabilities1,511.37495.11395.06456.49324.09314.57
Long Term Debt5,730.566,730.968,225.988,204.988,221.758,213.50
Provision for Risks Charges0.000.000.000.003.103.10
Deferred Tax Liabilities1,404.411.361.381,929.456,947.915,865.51
Other Liabilities7.748.1810.057.195.145.77
Total Liabilities8,654.077,235.618,632.4710,598.1115,501.9914,402.45
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value13,056.2514,440.908,984.936,919.515,786.332,893.92
Common Equity55,441.2330,886.0936,651.3644,123.4652,330.7247,477.04
Total Shareholders Equity68,497.4845,326.9845,636.2951,042.9758,117.0550,370.96
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity68,497.4845,326.9845,636.2951,042.9758,117.0550,370.96
Total Liabilities & Stockholders Equity77,151.5552,562.5954,268.7561,641.0873,619.0464,773.42
Book Value Per Share131.3883.12105.95141.39182.27168.98
Tangible Book Value Per Share-36.45-50.55-43.36-47.20-72.71-60.10
Full-Time Employees1,5131,5391,5111,5391,5461,512
Price to Book Ratio0.920.820.880.831.913.34
Return on Assets-18.13-51.84-24.80-8.8019.3213.34
Return on Equity-21.59-63.56-30.76-11.1125.5918.01
Return on Invested Capital26.31-15.79-23.29-20.994.2017.10
Quick Ratio4.045.396.055.620.660.68
Current Ratio4.045.396.055.620.660.68

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income19,532.97-8,219.63-12,542.67-12,436.652,785.0210,020.85
Depreciation12.1914.0210.317.906.4611.40
Other Funds (Non Cash)-20,903.518,217.9414,475.6617,456.14-3,868.90-14,025.38
Funds from Operations46.6112.1917.676.724.87-10.60
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-42.19-16.33-3.69-28.35-13.18-24.32
Cash from Operating Activities4.42-4.1413.99-21.63-8.31-34.91
Capital Expenditures-588.55-6,422.74-7,252.08-3,094.72-4,959.88-6,787.30
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-2,664.37-732.330.000.000.000.00
Purchase of Investments-2,902.53-831.770.000.000.000.00
Sale Or Maturity of Investments238.1699.440.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources390.7341.040.000.000.000.00
Cash from Investing Activities-2,862.20-7,114.04-7,252.08-3,094.72-4,959.88-6,787.30
Cash Dividends Paid-419.12-399.65-229.53-183.44-139.78-48.95
Preferred Dividends (Cash Flow)-419.12-399.65-229.53-183.44-139.78-48.95
Change in Capital Stock4,067.768,401.587,376.115,540.405,107.586,843.90
Repurchase of Common Pref Stock-1,342.370.000.000.000.000.00
Sale of Common Pref Stock5,410.138,401.587,376.115,540.405,107.586,843.90
Proceedsfrom Stock Options5,406.868,396.647,357.635,577.145,089.986,831.44
Issuance or Reduction of Debt, Net-0.45-1,378.650.009.734.5815.21
Change in Long Term Debt-0.45-1,378.650.009.734.5815.21
Issuance of Long Term Debt0.000.000.009.884.7215.35
Reduction of Long Term Debt-0.45-1,378.650.00-0.15-0.14-0.14
Net Financing Active Other Cash Flow0.30-0.15-0.150.000.000.00
Other Financing Activities Uses0.30-0.15-0.150.000.000.00
Cash from Financing Activities3,648.496,623.137,146.435,366.694,972.386,810.15
Exchange Rate Effect-1.26-0.52-2.44-3.19-0.131.93
Net Change in Cash789.44-495.56-94.102,247.144.07-10.13
Free Cash Flow3.96-5.9113.04-32.21-16.11-53.01

Revenue breakdown

License2024: 48.57M 2025: 39.67M
Product Support2024: 243.81M 2025: 204.23M
Service, Other2024: 64.31M 2025: 57.68M
Subscription and Circulation2024: 106.78M 2025: 175.66M
EMEA2024: 155.92M 2025: 162.66M
Other Regions2024: 47.95M 2025: 42.35M
United States2024: 259.58M 2025: 272.22M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-306.68%26.8M401.6M22.50M
2026-10-157.25%29.1M401.3M21.77M
2026-09-308.08%29.4M363.6M22.04M
2026-09-158.45%30.7M363.6M23.39M
2026-08-318.97%32.6M363.6M23.46M
2026-08-148.77%31.9M363.6M20.20M
2026-07-318.93%32.5M363.7M20.24M
2026-07-1512.20%40.3M330.0M21.39M
2026-06-3012.96%42.8M330.0M20.59M
2026-06-1512.39%40.9M330.0M18.57M
2026-05-2911.41%37.7M330.2M18.32M
2026-05-1511.98%39.5M330.2M18.93M
2026-04-3012.51%40.8M326.0M21.58M
2026-04-1511.43%37.2M325.4M21.20M
2026-03-3111.03%35.9M325.2M22.75M
2026-03-1310.35%32.4M313.4M22.08M
2026-02-2711.54%36.2M313.4M22.27M
2026-02-1314.15%37.8M267.1M23.12M
2026-01-3012.12%32.4M267.2M19.92M
2026-01-1511.81%31.6M267.2M18.48M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.000.000.0090.62-5.000.00---
call35.000.000.0085.62-3.000.00---
call40.000.000.0088.41-6,2380.00---
call45.000.000.000.00-0.000.00---
call50.000.000.0089.61-1.000.00---
call55.000.000.000.00-0.000.00---
call60.000.000.000.00-0.000.00---
call65.000.000.0054.88-13.000.00---
call70.000.000.0049.88-7000.00---
call75.000.000.0045.32-2.000.00---
call80.000.000.0040.39-49.000.00---
call85.000.000.0035.25-4.000.00---
call90.000.000.0030.26-11.000.00---
call95.000.000.0025.79-3110.00---
call96.000.000.0024.65-8.000.00---
call97.000.000.0023.69-9.000.00---
call98.000.000.0022.69-19.000.00---
call99.000.000.0022.45-24.000.00---
call1000.000.0021.46-1990.00---
call1010.000.0019.79-9.000.00---
call1020.000.0018.89-5.000.00---
call1030.000.0018.05-46.000.00---
call1040.000.0017.07-70.000.00---
call1050.000.0016.62-68.000.00---
call1060.000.0015.63-18.000.00---
call1070.000.0015.50-90.000.00---
call1080.000.0013.94-16.000.00---
call1090.000.0012.92-14.000.00---
call1100.000.0011.90-2810.00---
call1110.000.0010.30-26.000.00---
call1120.000.0010.00-1260.00---
call1130.000.009.35-42.000.00---
call1140.000.008.65-1170.00---
call1150.000.008.04-3060.00---
call1160.000.007.30-1180.00---
call1170.000.006.55-2250.00---
call1180.000.006.00-2070.00---
call1190.000.005.30-2590.00---
call1200.000.004.70-6220.00---
call1210.000.004.20-5800.00---
call1220.000.003.74-9830.00---
call1230.000.003.30-1,3320.00---
call1240.000.002.91-8150.00---
call1250.000.002.54-2,9390.00---
call1260.000.002.20-1,6190.00---
call1270.000.002.03-6050.00---
call1280.000.001.63-1,0190.00---
call1290.000.001.47-6600.00---
call1300.000.001.21-3,4750.00---
call1310.000.001.02-2,1770.00---
call1320.000.000.87-16,5270.00---
call1330.000.000.74-43,7580.00---
call1340.000.000.63-7,8580.00---
call1350.000.000.54-11,5410.00---
call1360.000.000.47-5,5610.00---
call1370.000.000.38-1,0700.00---
call1380.000.000.31-18,6710.00---
call1390.000.000.26-42,4070.00---
call1400.000.000.24-9,2300.00---
call1410.000.000.23-5,6760.00---
call1420.000.000.18-8,5880.00---
call1430.000.000.16-1,9620.00---
call1440.000.000.13-1,1410.00---
call1450.000.000.12-2,7000.00---
call1460.000.000.07-6140.00---
call1470.000.000.11-7100.00---
call1480.000.000.08-5950.00---
call1490.000.000.08-5170.00---
call1500.000.000.07-4,5250.00---
call152.50.000.000.04-9260.00---
call1550.000.000.04-1,5890.00---
call157.50.000.000.03-1,0050.00---
call1600.000.000.03-4,7660.00---
call162.50.000.000.04-3870.00---
call1650.000.000.03-2,3150.00---
call167.50.000.000.03-1,6360.00---
call1700.000.000.02-2,6670.00---
call172.50.000.000.02-6480.00---
call1750.000.000.02-1,6940.00---
call177.50.000.000.01-4410.00---
call1800.000.000.01-1,3820.00---
call182.50.000.000.02-31.000.00---
call1850.000.000.02-6130.00---
call187.50.000.000.02-1,3910.00---
call1900.000.000.01-5240.00---
call192.50.000.000.02-9.000.00---
call1950.000.000.03-3830.00---
call197.50.000.000.03-12.000.00---
call2000.000.000.01-6280.00---
call202.50.000.000.02-6.000.00---
call2050.000.000.02-4380.00---
call2100.000.000.02-2,6620.00---
call2150.000.000.03-93.000.00---
call2200.000.000.03-5170.00---
call2250.000.000.01-2810.00---
call2300.000.000.04-9010.00---
call2350.000.000.03-1320.00---
call2400.000.000.01-67.000.00---
call2450.000.000.01-33.000.00---
call2500.000.000.01-2820.00---
call2550.000.000.02-33.000.00---
call2600.000.000.01-7110.00---
put30.000.000.000.01-83.000.00---
put35.000.000.000.01-68.000.00---
put40.000.000.000.01-7.000.00---
put45.000.000.000.01-4650.00---
put50.000.000.000.01-2,0240.00---
put55.000.000.000.01-3360.00---
put60.000.000.000.01-2,7080.00---
put65.000.000.000.02-10,5880.00---
put70.000.000.000.03-4,5700.00---
put75.000.000.000.03-4,8320.00---
put80.000.000.000.05-23,6110.00---
put85.000.000.000.06-7,5870.00---
put90.000.000.000.08-6,4970.00---
put95.000.000.000.11-7,6420.00---
put96.000.000.000.13-3320.00---
put97.000.000.000.15-2380.00---
put98.000.000.000.17-1440.00---
put99.000.000.000.20-3750.00---
put1000.000.000.18-9,1850.00---
put1010.000.000.29-4350.00---
put1020.000.000.31-1860.00---
put1030.000.000.47-3640.00---
put1040.000.000.34-5170.00---
put1050.000.000.35-4,3550.00---
put1060.000.000.48-2,1280.00---
put1070.000.000.61-9540.00---
put1080.000.000.65-1,3360.00---
put1090.000.000.67-4370.00---
put1100.000.000.80-5,1000.00---
put1110.000.000.95-7170.00---
put1120.000.001.06-8030.00---
put1130.000.001.31-1,1960.00---
put1140.000.001.57-2,5540.00---
put1150.000.001.79-3,4730.00---
put1160.000.002.08-9260.00---
put1170.000.002.40-3,9620.00---
put1180.000.002.74-5470.00---
put1190.000.003.20-6260.00---
put1200.000.003.65-2,1420.00---
put1210.000.004.15-2,3700.00---
put1220.000.004.65-6550.00---
put1230.000.005.10-3,2280.00---
put1240.000.005.75-7830.00---
put1250.000.006.45-3,8490.00---
put1260.000.007.00-1,1390.00---
put1270.000.007.75-4670.00---
put1280.000.008.16-1,8960.00---
put1290.000.009.10-3470.00---
put1300.000.009.90-2,3500.00---
put1310.000.0010.65-6100.00---
put1320.000.0012.15-2890.00---
put1330.000.0013.12-4820.00---
put1340.000.0013.51-3130.00---
put1350.000.0014.18-1,5820.00---
put1360.000.0016.00-4070.00---
put1370.000.0016.17-2750.00---
put1380.000.0017.16-1070.00---
put1390.000.0018.75-63.000.00---
put1400.000.0019.70-1,4290.00---
put1410.000.0021.46-1150.00---
put1420.000.0022.17-4190.00---
put1430.000.0022.60-2920.00---
put1440.000.0023.68-2930.00---
put1450.000.0024.92-9500.00---
put1460.000.0025.30-1790.00---
put1470.000.0026.30-2080.00---
put1480.000.0028.64-1380.00---
put1490.000.0023.42-3380.00---
put1500.000.0029.46-1,0490.00---
put152.50.000.0031.72-2550.00---
put1550.000.0034.24-1,5440.00---
put157.50.000.0036.69-1500.00---
put1600.000.0038.95-1,5910.00---
put162.50.000.0034.77-39.000.00---
put1650.000.0044.30-2950.00---
put167.50.000.0038.95-0.000.00---
put1700.000.0043.73-0.000.00---
put172.50.000.0044.09-0.000.00---
put1750.000.0047.90-0.000.00---
put177.50.000.0033.51-0.000.00---
put1800.000.0052.83-0.000.00---
put182.50.000.0055.35-5.000.00---
put1850.000.0040.50-0.000.00---
put187.50.000.000.00-0.000.00---
put1900.000.0054.36-0.000.00---
put192.50.000.000.00-0.000.00---
put1950.000.000.00-0.000.00---
put197.50.000.000.00-0.000.00---
put2000.000.0060.69-0.000.00---
put202.50.000.0082.24-0.000.00---
put2050.000.0084.73-0.000.00---
put2100.000.000.00-0.000.00---
put2150.000.000.00-0.000.00---
put2200.000.000.00-0.000.00---
put2250.000.000.00-0.000.00---
put2300.000.000.00-0.000.00---
put2350.000.000.00-0.000.00---
put2400.000.0079.84-0.000.00---
put2450.000.000.00-0.000.00---
put2500.000.000.00-0.000.00---
put2550.000.00116.85-0.000.00---
put2600.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-103Initial statement of beneficial ownership of securities2026-11-06SEC
2026-11-098-KCurrent report2026-11-09SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-11-03FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-02424B5SEC
2026-11-02424B5SEC
2026-11-02424B5SEC
2026-11-02424B5SEC
2026-11-02424B3SEC
2026-11-028-KCurrent report2026-11-02SEC
2026-11-0210-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-28SEC
2026-10-298-KCurrent report2026-10-26SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-26DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-20DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-20DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-19DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-19DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-198-KCurrent report2026-10-19SEC
2026-10-16DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-16DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-168-KCurrent report2026-10-15SEC
2026-10-15DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-14DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-13DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-08SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100798.99K2
2026-1000422.22K2
2026-0900334.37K3
2026-08001.09M4
2026-0700497.32K3
2026-061.01M216.57M8
2026-055.47K17.17M11
2026-04002.03M9
2026-03249.95K11.56M9
2026-020000
2026-01880.08K300
2025-120000
2025-11104.81K16.47M9

Institutional holders

Manager% owned
Capital International Investors9.96%
BlackRock, Inc.5.53%
VANGUARD PORTFOLIO MANAGEMENT LLC4.38%
VANGUARD CAPITAL MANAGEMENT LLC4.26%
Invesco Ltd.2.67%
MORGAN STANLEY2.66%
STATE OF WISCONSIN INVESTMENT BOARD2.32%
STATE STREET CORP2.15%
MIZUHO SECURITIES USA LLC1.71%
GOLDMAN SACHS GROUP INC1.66%

Funds

Fund% owned
American Funds Multi-Sector Income Fund9.94%
Virtus Income & Growth Fund6.56%
Virtus Convertible Fund6.33%
Growth Fund of America5.80%
T-Rex 2X Inverse MSTR Daily Target ETF3.92%
American Funds Strategic Bond Fund3.58%
American Funds Fundamental Investors3.28%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.00%
VANGUARD MID-CAP INDEX FUND2.05%
Invesco QQQ Trust, Series 12.00%

OakChart. MSTR. Cached 15 minutes.