TTM
−$28.02B
YoY change
+193.1%
5Y CAGR
—
Peak year (2015)
$155.51M
Cumulative EBITDA
−$22.61B
EBITDA history chart for Strategy (MSTR) from 1997 to 2025
Latest: −$5.44B
EBITDA growth chart for Strategy (MSTR) from 1997 to 2025
Latest: +193.1%
EBITDA history table for Strategy (MSTR) from 1997 to 2025
| 2025 | −$5.44B | +193.1% | −$3.58B | ||
| 2024 | −$1.85B | +2938.4% | −$1.79B | ||
| 2023 | −$61.04M | -95.1% | +$1.20B | ||
| 2022 | −$1.26B | +63.2% | −$487.57M | ||
| 2021 | −$770.88M | -1194.9% | −$841.29M | ||
| 2020 | $70.41M | +827.4% | +$62.81M | ||
| 2019 | $7.59M | -1.2% | −$90.00K | ||
| 2018 | $7.68M | -91.3% | −$81.07M | ||
| 2017 | $88.75M | -31.5% | −$40.75M | ||
| 2016 | $129.50M | -16.7% | −$26.01M | ||
| 2015 | $155.51M | +244.6% | +$110.38M | ||
| 2014 | $45.13M | -1.5% | −$708.00K | ||
| 2013 | $45.84M | -17.5% | −$9.71M | ||
| 2012 | $55.55M | +45.7% | +$17.42M | ||
| 2011 | $38.14M | -39.8% | −$25.25M | ||
| 2010 | $63.39M | -34.6% | −$33.55M | ||
| 2009 | $96.94M | +30.6% | +$22.74M | ||
| 2008 | $74.20M | -22.6% | −$21.62M | ||
| 2007 | $95.82M | -10.8% | −$11.61M | ||
| 2006 | $107.42M | +4.9% | +$5.06M | ||
| 2005 | $102.36M | +33.3% | +$25.59M | ||
| 2004 | $76.77M | +99.4% | +$38.27M | ||
| 2003 | $38.51M | +38.8% | +$10.77M | ||
| 2002 | $27.73M | +1104.2% | +$25.43M | ||
| 2001 | $2.30M | -102.9% | +$81.15M | ||
| 2000 | −$78.85M | +403.6% | −$63.19M | ||
| 1999 | −$15.66M | -1865.3% | −$16.55M | ||
| 1998 | $887.00K | +45.6% | +$278.00K | ||
| 1997 | $609.00K | — | — |
- 2025−$5.44B+193.1%
- 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$887.00K+45.6%
- 1997$609.00K—
EBITDA values are taken from Strategy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA at Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's current EBITDA (TTM) is −$28.02B. 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 .
As of the 2025 fiscal year, Strategy (MSTR) reported EBITDA of −$5.44B – surged 193.1% year-over-year.
Strategy EBITDA plunged from $155.51M in 2015 to −$5.44B in 2025, a 3595.1% drawdown.
$155.51M stands as the all-time-high annual EBITDA, posted in 2015, against a low of −$5.44B during 2025.
Strategy EBITDA by Year
Strategy EBITDA 2025: −$5.44B
In 2025, Strategy reported EBITDA of −$5.44B, surged 193.1% 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
2023's EBITDA for Strategy came in at −$61.04M, plunged 95.1% below 2022.
Strategy EBITDA 2022: −$1.26B
Strategy posted EBITDA of −$1.26B in 2022, 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 by EBITDA
Technology peers of Strategy (MSTR), ranked by their latest EBITDA
| $160.16B | |
| $144.55B | |
| $144.43B | |
| $88.75B | |
| $34.71B | |
| $18.49B | |
| $14.61B | |
| $7.28B |
- $160.16B
- $144.55B
- $144.43B
- $88.75B
- $34.71B
- $18.49B
- $14.61B
- $7.28B
Frequently asked questions
Strategy (MSTR) Key Financials
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