MicroStrategy (MSTR)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from MSTR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from MicroStrategy's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $511M | $499M | $496M | $463M | $477M |
| Net income | -$535M | -$1.5B | $429M | -$1.2B | -$3.8B |
| Free cash flow | $91M | $725,000 | $10M | -$56M | -$75M |
| EPS (diluted) | -$5.34 | -$12.98 | $2.64 | -$6.06 | -$15.23 |
| Operating margin | -153.6% | -255.5% | -23.2% | -399.8% | -1140.8% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own MSTR
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $13M | 0.00% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $11M | 0.13% | Q2 2026 |
| Bill Miller Miller Value Partners |
Trimmed | $4M | 1.0% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
New position | $317,208 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by MicroStrategy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 19, 2026 | Phong Le |
2,509 | $99.62 | $249,947 |
| Jan 20, 2026 | Jane A Dietze |
1,000 | $99.48 | $99,480 |
| Jan 12, 2026 | Carl J Rickertsen |
5,000 | $155.88 | $779,400 |
| Jan 8, 2026 | Phong Le |
12 | $99.99 | $1,200 |
| Nov 21, 2025 | Jane A Dietze |
1,100 | $95.28 | $104,808 |
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In the full deep dive
Questions
Are MicroStrategy insiders buying the stock?
5 open-market insider purchases of MSTR in the last 12 months, from SEC Form 4 filings.
Which superinvestors own MicroStrategy?
4 of the superinvestors Investingly tracks hold MSTR in their latest 13F, including Cliff Asness, Murray Stahl, Bill Miller.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.