Strategy (MSTR) Revenue — Quarter Ended Sep 30, 2025
Revenue for the reported quarter increased. The growth was supported by higher revenue compared to both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the reported quarter increased. The growth was supported by higher revenue compared to both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$128.7M
Revenue reported for this quarter.
Quarter-over-quarter
+12.4%
Change from the immediately preceding quarter.
Year-over-year
+10.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$474.9M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $120.7M | -3.0% |
| Mar 31, 2025 | $111.1M | -3.6% |
| Jun 30, 2025 | $114.5M | +2.7% |
| Sep 30, 2025 | $128.7M | +10.9% |
Revenue performance
The reported revenue rose from the prior quarter, continuing an upward trend after a decline earlier in the fiscal year. Year-over-year, revenue also showed an increase.
Quarterly comparison
The quarter-over-quarter change was positive, and the year-over-year change was also positive, indicating sustained growth. The pace of growth compared to the prior quarter was stronger than the sequential change seen in the previous period.
What to watch
The company's filing context highlights significant bitcoin acquisitions and capital market activities during the nine-month period, which may affect future revenue performance.