Strategy
MSTR
Strategy trades at 105.3x EV/NTM revenue on a $53.13B enterprise value. Revenue grew -2.5% year over year to $125.4M in the quarter ending September 2026, an annual run rate of $501.0M. Strategy reports a 71.5% gross margin.
ARR ($M)
274
Net Dollar Retention
--
ARR Growth
49.7%
EV / NTM Revenue
105.3x
Payback Period
EV / Run Rate
106.1x
Price & Key Metrics
Price Performance
Company Details
Share Price: 130.76
Last Filing Date: 2026-09-30
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 1989
IPO Year: 1998
% of 52 wk High: 51%
Description
Strategy Inc, together with its subsidiaries, 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.
Categories
Software
Valuation
Market Cap: 52,323.352
Enterprise Value: 53,132.853
EV / Revenue Run Rate: 106.1x
EV / NTM Revenue: 105.3x
EV / 2026 Revenue Estimates: 105.6x
EV / 2027 Revenue Estimates: 103.8x
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 274
ARR Growth %: 50%
ARR/Customer ($K): --
ARR/Employee ($K): 178
Revenue
Revenue Run Rate: 501
ARR: 274
2026 Revenue Estimates: 503
2027 Revenue Estimates: 512
2028 Revenue Estimates: --
LTM Revenue: 495
Last Year Run Rate: 514
Growth
Revenue Growth: -3%
ARR Growth: 50%
Growth Persistence: --
2026 Revenue Growth Estimates: 6%
2027 Revenue Growth Estimates: 2%
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions
How fast is Strategy growing?
Strategy grew revenue -2.5% year over year, reaching $125.4M in the quarter ending September 2026.
What multiple does Strategy trade at?
Strategy trades at 105.3x EV/NTM revenue and 106.1x EV/run-rate, on an enterprise value of $53.13B.
Is Strategy profitable?
For Strategy, operating income was $20.91B last quarter.
What sector is Strategy in?
Public Comps classifies Strategy under Software.
Where does Public Comps get Strategy's data?
Figures come from Strategy's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.