Strategy annual ebitda
2009
2010
2011
2012
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2015
2016
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2018
2019
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2021
2022
2023
2024
2025
Strategy EBITDA Growth & History (MSTR)
Strategy's calculated EBITDA was −$5.42B for fiscal 2025.
View full Strategy company overviewStrategy annual ebitda history
| Fiscal year | Period ended | EBITDA | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$5.42B | −$3.58B | — |
| 2024 | 2024-12-31 | −$1.84B | −$1.73B | — |
| 2023 | 2023-12-31 | −$100.5M | $1.16B | — |
| 2022 | 2022-12-31 | −$1.26B | −$491.7M | — |
| 2021 | 2021-12-31 | −$773.2M | −$772.9M | — |
| 2020 | 2020-12-31 | −$293,000 | −$7.9M | — |
| 2019 | 2019-12-31 | $7.6M | −$90,000 | −1.17% |
| 2018 | 2018-12-31 | $7.7M | −$81.1M | −91.34% |
| 2017 | 2017-12-31 | $88.8M | −$40.7M | −31.44% |
| 2016 | 2016-12-31 | $129.5M | −$25.8M | −16.61% |
| 2015 | 2015-12-31 | $155.2M | $124.8M | +410.66% |
| 2014 | 2014-12-31 | $30.4M | −$15.4M | −33.68% |
| 2013 | 2013-12-31 | $45.8M | −$9.7M | −17.49% |
| 2012 | 2012-12-31 | $55.6M | $17.4M | +45.67% |
| 2011 | 2011-12-31 | $38.1M | −$18.7M | −32.84% |
| 2010 | 2010-12-31 | $56.8M | −$34.5M | −37.80% |
| 2009 | 2009-12-31 | $91.3M | — | — |
Strategy quarterly ebitda
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | EBITDA | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$8.32B | −$22.36B | — |
| Q1 2026 | 2026-03-31 | −$14.46B | −$8.55B | — |
| Q4 2025 | 2025-12-31 | −$17.44B | −$16.43B | — |
| Q3 2025 | 2025-09-30 | $3.90B | $4.32B | — |
| Q2 2025 | 2025-06-30 | $14.04B | $14.24B | — |
| Q1 2025 | 2025-03-31 | −$5.91B | −$5.71B | — |
| Q4 2024 | 2024-12-31 | −$1.01B | −$973.6M | — |
| Q3 2024 | 2024-09-30 | −$426.6M | −$404.1M | — |
| Q2 2024 | 2024-06-30 | −$196.6M | −$173.1M | — |
| Q1 2024 | 2024-03-31 | −$200.7M | −$183.8M | — |
| Q4 2023 | 2023-12-31 | −$37.7M | $152.1M | — |
| Q3 2023 | 2023-09-30 | −$22.5M | −$30.7M | — |
| Q2 2023 | 2023-06-30 | −$23.5M | $892.6M | — |
| Q1 2023 | 2023-03-31 | −$16.9M | $150.4M | — |
| Q4 2022 | 2022-12-31 | −$189.8M | −$55.0M | — |
| Q3 2022 | 2022-09-30 | $8.2M | $55.2M | — |
| Q2 2022 | 2022-06-30 | −$916.0M | −$505.0M | — |
| Q1 2022 | 2022-03-31 | −$167.3M | $13.1M | — |
| Q4 2021 | 2021-12-31 | −$134.7M | −$139.1M | — |
| Q3 2021 | 2021-09-30 | −$47.0M | −$30.3M | — |
| Q2 2021 | 2021-06-30 | −$411.0M | −$420.4M | — |
| Q1 2021 | 2021-03-31 | −$180.4M | −$183.1M | — |
| Q4 2020 | 2020-12-31 | $4.4M | −$8.4M | −65.69% |
| Q3 2020 | 2020-09-30 | −$16.8M | −$23.2M | — |
| Q2 2020 | 2020-06-30 | $9.4M | $12.3M | — |
| Q1 2020 | 2020-03-31 | $2.7M | $11.4M | — |
| Q4 2019 | 2019-12-31 | $12.8M | — | — |
| Q3 2019 | 2019-09-30 | $6.4M | — | — |
| Q2 2019 | 2019-06-30 | −$2.9M | −$1.6M | — |
| Q1 2019 | 2019-03-31 | −$8.7M | −$12.7M | — |
| Q2 2018 | 2018-06-30 | −$1.2M | −$19.4M | — |
| Q1 2018 | 2018-03-31 | $4.0M | −$21.3M | −84.15% |
| Q4 2017 | 2017-12-31 | $20.7M | −$24.8M | −54.58% |
| Q3 2017 | 2017-09-30 | $24.6M | −$9.6M | −28.08% |
| Q2 2017 | 2017-06-30 | $18.1M | −$7.2M | −28.52% |
| Q1 2017 | 2017-03-31 | $25.3M | $977,000 | +4.01% |
| Q4 2016 | 2016-12-31 | $45.5M | −$5.5M | −10.70% |
| Q3 2016 | 2016-09-30 | $34.3M | −$2.3M | −6.35% |
| Q2 2016 | 2016-06-30 | $25.4M | −$14.6M | −36.55% |
| Q1 2016 | 2016-03-31 | $24.3M | −$3.4M | −12.25% |
| Q4 2015 | 2015-12-31 | $50.9M | $11.8M | +30.07% |
| Q3 2015 | 2015-09-30 | $36.6M | $37.5M | — |
| Q2 2015 | 2015-06-30 | $40.0M | $46.1M | — |
| Q1 2015 | 2015-03-31 | $27.7M | $29.4M | — |
| Q4 2014 | 2014-12-31 | $39.2M | $13.8M | +54.55% |
| Q3 2014 | 2014-09-30 | −$949,000 | −$19.1M | — |
| Q2 2014 | 2014-06-30 | −$6.2M | −$10.8M | — |
| Q1 2014 | 2014-03-31 | −$1.6M | $560,000 | — |
| Q4 2013 | 2013-12-31 | $25.3M | $5.4M | +27.05% |
| Q3 2013 | 2013-09-30 | $18.1M | $5.4M | +42.70% |
| Q2 2013 | 2013-06-30 | $4.6M | −$10.8M | −70.10% |
| Q1 2013 | 2013-03-31 | −$2.2M | −$9.7M | — |
| Q4 2012 | 2012-12-31 | $19.9M | $799,000 | +4.17% |
| Q3 2012 | 2012-09-30 | $12.7M | $6.1M | +92.54% |
| Q2 2012 | 2012-06-30 | $15.4M | $7.7M | +99.56% |
| Q1 2012 | 2012-03-31 | $7.5M | $2.8M | +60.60% |
| Q4 2011 | 2011-12-31 | $19.1M | — | — |
| Q3 2011 | 2011-09-30 | $6.6M | −$6.4M | −49.26% |
| Q2 2011 | 2011-06-30 | $7.7M | — | — |
| Q1 2011 | 2011-03-31 | $4.7M | — | — |
| Q3 2010 | 2010-09-30 | $13.0M | — | — |
Strategy ebitda trends
Over the last five fiscal years, Strategy's ebitda decreased from −$293,000 to −$5.42B, a change of −$5.42B. The latest reported quarter, Q2 2026, shows −$8.32B.
About the metric
What EBITDA means
EBITDA is a measure of operating performance before interest, taxes, depreciation, and amortization. It can help compare operating results, but it is not a substitute for cash flow or GAAP net income.
Calculation and source
How TickerStat calculates EBITDA
TickerStat calculates EBITDA as operating income plus reported depreciation and amortization for aligned fiscal periods. It is calculated data, not adjusted EBITDA or company guidance. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Strategy source filings ↗Community posts
Strategy spends $139.3 million on preferred-share repurchases
Strategy ($MSTR) repurchased approximately 1.42 million STRC preferred shares for $139.3 million during its latest reporting period. The purchases were funded from its USD Cash balance. It reported no bitcoin purchases or sales, leaving hol ...
Strategy doubles preferred-securities buyback authorisation to $2 billion
Strategy’s ($MSTR) board increased its digital credit securities repurchase authorisation from $1 billion to $2 billion, including purchases already made. The programme covers preferred securities, not MSTR common shares. The accompanying w ...
