EBITDA for Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's current EBITDA (TTM) is -$5.44B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSTR
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
-$5.44B
YoY change
+193.2%
5Y CAGR
N/A
Peak year (2015)
$155.51M
Cumulative EBITDA
-$8.15B
EBITDA history chart for Strategy (MSTR) from 1997 to 2025
EBITDA history table for Strategy (MSTR) from 1997 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | -$5.44B | +193.2% | ||
| 2024 | -$1.85B | +2938.4% | ||
| 2023 | -$61.04M | -95.1% | ||
| 2022 | -$1.26B | +63.2% | ||
| 2021 | -$770.88M | -1194.9% | ||
| 2020 | $70.41M | +827.4% | ||
| 2019 | $7.59M | -1.2% | ||
| 2018 | $7.68M | -91.3% | ||
| 2017 | $88.75M | -31.5% | ||
| 2016 | $129.50M | -16.7% | ||
| 2015 | $155.51M | +244.6% | ||
| 2014 | $45.13M | -1.5% | ||
| 2013 | $45.84M | -17.5% | ||
| 2012 | $55.55M | +45.7% | ||
| 2011 | $38.14M | -39.8% | ||
| 2010 | $63.39M | -34.6% | ||
| 2009 | $96.94M | +30.6% | ||
| 2008 | $74.20M | -22.6% | ||
| 2007 | $95.82M | -10.8% | ||
| 2006 | $107.42M | +4.9% | ||
| 2005 | $102.36M | +33.3% | ||
| 2004 | $76.77M | +99.4% | ||
| 2003 | $38.51M | +38.8% | ||
| 2002 | $27.73M | +1104.2% | ||
| 2001 | $2.30M | -102.9% | ||
| 2000 | -$78.85M | +403.6% | ||
| 1999 | -$15.66M | -1865.3% | ||
| 1998 | $887,000 | +45.6% | ||
| 1997 | $609,000 | — |
EBITDA values are taken from Strategy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Strategy (MSTR) reported EBITDA of -$5.44B – surged 193.2% year-over-year.
Strategy EBITDA plunged from $155.51M in 2015 to -$5.44B in 2025, a 3596.1% drawdown.
$155.51M stands as the all-time-high annual EBITDA, posted in 2015, against a low of -$5.44B during 2025.
Strategy (MSTR) sits 9th of 8 Technology peers we track on this metric, against a peer median of $89.57B.
Strategy EBITDA by Year
Strategy EBITDA 2025: -$5.44B
Strategy EBITDA in 2025 was -$5.44B, surged 193.2% from 2024. This figure represents the lowest annual value in the available history.
Strategy EBITDA 2024: -$1.85B
Strategy EBITDA in 2024 was -$1.85B, surged 2938.4% from 2023.
Strategy EBITDA 2023: -$61.04M
Strategy EBITDA in 2023 was -$61.04M, plunged 95.1% below 2022.
Strategy EBITDA 2022: -$1.26B
Strategy EBITDA in 2022 was -$1.26B, surged 63.2% from 2021.
Strategy EBITDA 2021: -$770.88M
Strategy EBITDA in 2021 was -$770.88M.
See more financial history for Strategy (MSTR).
Sector peers — EBITDA
Companies in the same sector as Strategy, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Strategy's EBITDA?
- Latest reported EBITDA for Strategy (MSTR) is -$5.44B (period ending December 31, 2025).
How has Strategy EBITDA changed year-over-year?
- Strategy (MSTR) EBITDA changed +193.2% year-over-year on the latest annual filing.
When did Strategy EBITDA hit its highest annual value?
- Strategy EBITDA reached its highest annual value of $155.51M in 2015.
What was Strategy EBITDA in 2024?
- Strategy (MSTR) EBITDA in 2024 was -$1.85B.
What was Strategy EBITDA in 2025?
- Strategy (MSTR) EBITDA in 2025 was -$5.44B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
MSTR Overview
Company profile, financial tools, and key metrics
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MSTR Stock Split History
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