MicroStrategy Incorporated (MSTR) AI Stock Analysis

MicroStrategy Incorporated delivers enterprise analytics software and services to clients worldwide through the MicroStrategy platform. The platform provides hyperintelligence products, visualization and reporting tools, mobility features, and custom applications, allowing analysts and data scientists to access trusted, governed data. It supports multiple deployment options, enterprise semantic graph, scalability, and security through APIs and gateways. In addition, the company provides MicroStrategy Support, MicroStrategy Consulting, and MicroStrategy Education services through its enterprise sales force and channel partners. Since 2020, the company has also pursued a bitcoin treasury strategy, holding bitcoin as its primary treasury reserve asset under the brand name Strategy.

MicroStrategy generated revenue of $510.8M in FY2021, which moved to $499.3M in FY2022 and $496.3M in FY2023. Revenue fell to $463.5M in FY2024 before rising to $477.2M in FY2025, reflecting a 5-year revenue CAGR of -0.1% from FY2020 to FY2025. Gross margin decreased from 82.0% in FY2021 to 68.7% in FY2025. Operating margin was -153.6% in FY2021, -255.5% in FY2022, -23.2% in FY2023, -399.8% in FY2024, and -8.6% in FY2025. Net income was -$535.5M in FY2021, -$1.47B in FY2022, $429.1M in FY2023, -$1.17B in FY2024, and -$3.85B in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue growth was 6.9% year-over-year, while quarterly earnings growth was -77.5%.

As of June 30, 2026, MicroStrategy held $2.45B in cash and short-term investments against total debt of $6.77B, leaving net debt at $4.32B. Total assets stood at $52.56B and shareholders' equity reached $45.33B. Liquidity shows a current ratio of 5.39 and a debt-to-equity ratio of 0.15. In FY2025, operating cash flow was -$67.2M and free cash flow was -$22.58B. Cash usage in FY2025 included capital expenditures of $22.51B and dividends paid of $381.4M, while the 5-year share count change was 221.4%.

MicroStrategy trades at a forward P/E of 6.8x, compared to 25.7x for the median of its Nasdaq-100 Technology peers. Its price-to-sales ratio of 116.3x and EV/EBITDA of 179.2x trade above the median of its Nasdaq-100 Technology peers of 11.9x and 30.6x, respectively. The company carries an enterprise value of $85.24B and a price-to-book ratio of 2.2x. Over the past year, the stock returned -51.8%, trailing the SPY return of 16.8%. Over 5 years, the stock achieved an 82.5% return, compared to 83.0% for SPY.

Wall Street analysts maintain 13 Strong Buy, 2 Buy, and 1 Hold ratings, with 0 Sell and 0 Strong Sell ratings. The mean price target is $239.27, representing an upside of 74.9% from the last close of $136.83. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$19.12 on revenue of $501.7M. For the next fiscal year, 8 analysts project EPS of $13.04 and revenue of $512.8M. MicroStrategy achieved 0 EPS beats over the last 4 quarters. The next earnings date is October 29, 2026.

This page is an AI-written research summary of MicroStrategy Incorporated (MSTR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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