Strategy (MSTR) Revenue — Quarter Ended Dec 31, 2025
Revenue for the reported quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the reported quarter declined compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$123M
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
+1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$477.2M
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 |
|---|---|---|
| Mar 31, 2025 | $111.1M | -3.6% |
| Jun 30, 2025 | $114.5M | +2.7% |
| Sep 30, 2025 | $128.7M | +10.9% |
| Dec 31, 2025 | $123M | +1.9% |
Revenue performance
Revenue in the reported quarter was lower than the preceding quarter, marking a sequential decline after the prior quarter's increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue contrasts with the year-over-year growth, warranting attention to the underlying trend.