Strategy annual r&d spending
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2025
Strategy R&D Spending Growth & History (MSTR)
Strategy's r&d spending was $93.9M for fiscal 2025.
View full Strategy company overviewStrategy annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $93.9M | −$24.6M | −20.78% |
| 2024 | 2024-12-31 | $118.5M | −$2.0M | −1.70% |
| 2023 | 2023-12-31 | $120.5M | −$6.9M | −5.41% |
| 2022 | 2022-12-31 | $127.4M | $10.3M | +8.80% |
| 2021 | 2021-12-31 | $117.1M | $13.6M | +13.09% |
| 2020 | 2020-12-31 | $103.6M | −$5.9M | −5.36% |
| 2019 | 2019-12-31 | $109.4M | $6.9M | +6.76% |
| 2018 | 2018-12-31 | $102.5M | $23.7M | +30.13% |
| 2017 | 2017-12-31 | $78.8M | $5.6M | +7.69% |
| 2016 | 2016-12-31 | $73.1M | $7.9M | +12.17% |
| 2015 | 2015-12-31 | $65.2M | −$38.1M | −36.91% |
| 2014 | 2014-12-31 | $103.4M | $5.3M | +5.40% |
| 2013 | 2013-12-31 | $98.1M | $9.9M | +11.19% |
| 2012 | 2012-12-31 | $88.2M | $20.3M | +29.95% |
| 2011 | 2011-12-31 | $67.9M | $17.3M | +34.21% |
| 2010 | 2010-12-31 | $50.6M | $8.8M | +20.98% |
| 2009 | 2009-12-31 | $41.8M | — | — |
Strategy quarterly r&d spending
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Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $23.1M | −$972,000 | −4.04% |
| Q1 2026 | 2026-03-31 | $24.7M | $242,000 | +0.99% |
| Q4 2025 | 2025-12-31 | $22.8M | −$2.9M | −11.39% |
| Q3 2025 | 2025-09-30 | $22.6M | −$10.7M | −32.13% |
| Q2 2025 | 2025-06-30 | $24.1M | −$6.2M | −20.59% |
| Q1 2025 | 2025-03-31 | $24.4M | −$4.8M | −16.31% |
| Q4 2024 | 2024-12-31 | $25.7M | −$4.5M | −14.81% |
| Q3 2024 | 2024-09-30 | $33.3M | $3.6M | +12.28% |
| Q2 2024 | 2024-06-30 | $30.3M | $957,000 | +3.26% |
| Q1 2024 | 2024-03-31 | $29.2M | −$2.2M | −6.94% |
| Q4 2023 | 2023-12-31 | $30.2M | −$1.5M | −4.61% |
| Q3 2023 | 2023-09-30 | $29.7M | −$838,000 | −2.75% |
| Q2 2023 | 2023-06-30 | $29.4M | −$2.4M | −7.66% |
| Q1 2023 | 2023-03-31 | $31.4M | −$2.2M | −6.46% |
| Q4 2022 | 2022-12-31 | $31.6M | $742,000 | +2.40% |
| Q3 2022 | 2022-09-30 | $30.5M | $2.3M | +8.11% |
| Q2 2022 | 2022-06-30 | $31.8M | $3.2M | +11.36% |
| Q1 2022 | 2022-03-31 | $33.5M | $4.0M | +13.70% |
| Q4 2021 | 2021-12-31 | $30.9M | $5.9M | +23.72% |
| Q3 2021 | 2021-09-30 | $28.2M | $1.6M | +5.91% |
| Q2 2021 | 2021-06-30 | $28.5M | $2.7M | +10.36% |
| Q1 2021 | 2021-03-31 | $29.5M | $3.4M | +12.96% |
| Q4 2020 | 2020-12-31 | $25.0M | −$1.0M | −3.97% |
| Q3 2020 | 2020-09-30 | $26.6M | −$819,000 | −2.98% |
| Q2 2020 | 2020-06-30 | $25.9M | −$1.9M | −6.83% |
| Q1 2020 | 2020-03-31 | $26.1M | −$2.1M | −7.49% |
| Q4 2019 | 2019-12-31 | $26.0M | −$2.0M | −7.28% |
| Q3 2019 | 2019-09-30 | $27.5M | $1.6M | +6.30% |
| Q2 2019 | 2019-06-30 | $27.8M | $2.7M | +10.69% |
| Q1 2019 | 2019-03-31 | $28.2M | $4.7M | +19.76% |
| Q4 2018 | 2018-12-31 | $28.0M | $6.6M | +30.86% |
| Q3 2018 | 2018-09-30 | $25.8M | $6.5M | +33.41% |
| Q2 2018 | 2018-06-30 | $25.1M | $5.5M | +28.22% |
| Q1 2018 | 2018-03-31 | $23.6M | $5.1M | +27.86% |
| Q4 2017 | 2017-12-31 | $21.4M | $3.1M | +16.80% |
| Q3 2017 | 2017-09-30 | $19.4M | $1.3M | +7.14% |
| Q2 2017 | 2017-06-30 | $19.6M | $401,000 | +2.09% |
| Q1 2017 | 2017-03-31 | $18.4M | $851,000 | +4.84% |
| Q4 2016 | 2016-12-31 | $18.3M | $1.2M | +6.90% |
| Q3 2016 | 2016-09-30 | $18.1M | $280,000 | +1.57% |
| Q2 2016 | 2016-06-30 | $19.2M | $4.3M | +28.90% |
| Q1 2016 | 2016-03-31 | $17.6M | $2.2M | +14.14% |
| Q4 2015 | 2015-12-31 | $17.2M | $3.3M | +23.54% |
| Q3 2015 | 2015-09-30 | $17.8M | −$10.9M | −37.93% |
| Q2 2015 | 2015-06-30 | $14.9M | −$17.9M | −54.61% |
| Q1 2015 | 2015-03-31 | $15.4M | −$12.7M | −45.13% |
| Q4 2014 | 2014-12-31 | $13.9M | −$12.1M | −46.66% |
| Q3 2014 | 2014-09-30 | $28.7M | $6.7M | +30.40% |
| Q2 2014 | 2014-06-30 | $32.7M | $8.5M | +35.17% |
| Q1 2014 | 2014-03-31 | $28.1M | $2.2M | +8.70% |
| Q4 2013 | 2013-12-31 | $26.0M | $956,000 | +3.81% |
| Q3 2013 | 2013-09-30 | $22.0M | $57,000 | +0.26% |
| Q2 2013 | 2013-06-30 | $24.2M | $5.2M | +27.40% |
| Q1 2013 | 2013-03-31 | $25.8M | $3.6M | +16.43% |
| Q4 2012 | 2012-12-31 | $25.1M | $7.5M | +42.84% |
| Q3 2012 | 2012-09-30 | $21.9M | $1.5M | +7.27% |
| Q2 2012 | 2012-06-30 | $19.0M | $2.1M | +12.70% |
| Q1 2012 | 2012-03-31 | $22.2M | $9.2M | +70.60% |
| Q4 2011 | 2011-12-31 | $17.6M | — | — |
| Q3 2011 | 2011-09-30 | $20.4M | $6.8M | +49.43% |
| Q2 2011 | 2011-06-30 | $16.9M | $6.1M | +56.07% |
| Q1 2011 | 2011-03-31 | $13.0M | — | — |
| Q3 2010 | 2010-09-30 | $13.7M | — | — |
| Q2 2010 | 2010-06-30 | $10.8M | — | — |
Strategy r&d spending trends
Over the last five fiscal years, Strategy's r&d spending decreased from $103.6M to $93.9M, a change of −$9.7M. The latest reported quarter, Q2 2026, shows $23.1M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Strategy source filings ↗Community posts
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