Strategy Inc (MSTR) operating KPIs
MSTRNasdaqFinance ServicesFiscal year ends December 31Also trades as STRC, STRD, STRF, STRK
$130.51−11.11 (-7.84%)
Close on Oct 30, 2026Market cap $46.01BP/E –Yield –
Strategy research and development expenses (GAAP) ($M)
PostgreSQL financial_values & Form 10-Q / 10-K
Latest, FY2025
93.9
Period ended Dec 31, 2025
Change on a year earlier
-20.8%
119 in FY2024
History
9 years
Since FY2017
Sources
9
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Research and development expenses (GAAP) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 93.9 | -20.8% | Strategy Inc SEC Form 10-K (filed 2026-02-19) ↗ |
| FY2024 | Dec 31, 2024 | 119 | -1.7% | Strategy Inc SEC Form 10-K (filed 2025-02-18) ↗ |
| FY2023 | Dec 31, 2023 | 121 | -5.4% | Strategy Inc SEC Form 10-K (filed 2024-02-15) ↗ |
| FY2022 | Dec 31, 2022 | 127 | +8.8% | Strategy Inc SEC Form 10-K (filed 2023-02-16) ↗ |
| FY2021 | Dec 31, 2021 | 117 | +13.0% | Strategy Inc SEC Form 10-K (filed 2022-02-16) ↗ |
| FY2020 | Dec 31, 2020 | 104 | -5.3% | Strategy Inc SEC Form 10-K (filed 2021-02-12) ↗ |
| FY2019 | Dec 31, 2019 | 109 | +6.7% | Strategy Inc SEC Form 10-K (filed 2020-02-14) ↗ |
| FY2018 | Dec 31, 2018 | 103 | +30.1% | Strategy Inc SEC Form 10-K (filed 2019-02-20) ↗ |
| FY2017 | Dec 31, 2017 | 78.8 | – | Strategy Inc SEC Form 10-K (filed 2018-02-07) ↗ |
Cite this data
StockData. (2026). Strategy Research and development expenses (GAAP) ($M), annual FY2017–FY2025 [Data set]. Compiled from Strategy SEC filings and investor materials. https://stockdatahq.com/stocks/mstr/kpis/db-fin-rd
See every metric in the Strategy KPI table. Data updated Oct 29, 2026.