Microstrategy Inc. - Ordinary Shares - Class A

Microstrategy Inc. - Ordinary Shares - Class A

MSTR

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Market Cap$47.26B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Microstrategy Inc. - Ordinary Shares - Class AMicrostrategy Inc. - Ordinary Shares - Class A-4.3--46%126.50.2

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Strong start to 2026; BTC still driving the headline numbers (but mostly non-cash) - Strategy Inc reported operating loss of $14.5B and net loss of $12.8B in Q1, mainly from Bitcoin fair-value mark-to-market declines (described as largely non-cash and quarter-end-price driven). - Despite the losses, the core operational goal is “increase Bitcoin per share” via disciplined treasury actions; management emphasized strategy is unchanged: raise capital responsibly, buy & hold Bitcoin long term, grow BTC per share.
Key performance metrics: BTC per share up; BTC yield running well - Bitcoin held: 818,334 BTC (~3.9% of all BTC that will ever exist), maintaining leadership as largest corporate holder (per the call). - Bitcoin per share growth: 213,371 sats per share (May 2026) vs 181,030 (May 2025) ⇒ ~18% YoY increase. - BTC yield: 9.4% YTD vs 22.8% for full-year 2025 (management framed this as accelerating versus the same stage last year). - BTC gains: 63,110 BTC gains YTD vs 101,873 BTC for all of 2025 (≈62% of last year’s full BTC gain achieved in ~4 months).
Balance sheet/liquidity positioned for downside—management highlights “coverage” and leverage - Digital assets: $51.6B at quarter end vs $58.9B at year-end (price-driven), while continued BTC buying occurred during the quarter (e.g., 89,599 BTC acquired in Q1). - Cash: $2.2B (USD cash reserve). - Debt & structure: Long-term debt $8.2B; preferred equity $13.5B (34% amplification stated). - Net leverage: ~9.3% net leverage (call describes a ~10.8x BTC rating). - Stress case claim (important but optimistic): even after a 91% Bitcoin price decline to around $7,300/BTC, management says BTC reserve still covers net debt at a 1x BTC rating—investors should treat this as scenario-based and not a guarantee.

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$256.83

Target Price by Analysts

103% upsideMicrostrategy Target Price DetailsTarget Price
$-26.90

Current Fair Value

121.3% downside

Overvalued by 121.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$47.26 Billion
Enterprise Value$53.54 Billion
Dividend Yield$- (-)
Earnings per Share$-13.89
Beta3.6
Outstanding Shares333,913,000

Return

Return on Equity-46.00%ROE
Return on Assets-38.68%
Return on Invested Capital0.05%

Valuation & Multiples

P/E Ratio-4.3P/E Ratio
PEG-0.24PEG
Price to Sales126.55Price to Sales
Price to Book Ratio0.93Price to Book Ratio
Enterprise Value to Revenue109.17
Enterprise Value to EBIT1810.77
Enterprise Value to Net Income-3
Total Debt to Enterprise0.16
Debt to Equity0.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$-3.41
Average shareholder expectation
Revenue Estimate
$120.75 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$27.34
Average shareholder expectation
Revenue Estimate
$122.93 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0127▲ 0.17%
Total Calls64,837,333▼ 7.10%
Total Puts65,662,411▼ 6.95%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %64.99%▲ 3.09%
Total Invested$23.85B▼ 6.99%
Investors Holding1,066▼ 85.00%

ESG Score

No data

About Microstrategy Inc.

2,396 employees
CEO: Michael Saylor

MicroStrategy is a worldwide leader in enterprise analytics and mobility software. A pioneer in the BI and analytics space, MicroStrategy delivers innovative software that empowers people to make better decisions and transform the way th...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for tax legislation, directly influencing corporate tax structures and the overall tax burden on companies like MicroStrategy, thereby impacting profitability and valuation.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates or international trade regulations can directly impact MicroStrategy's profitability, capital allocation, and global operations.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which is a key player in defining cryptocurrencies as digital commodities. Given MicroStrategy's significant Bitcoin holdings, the regulatory stance of the CFTC directly impacts the legal and market environment for its primary treasury asset.

Banking, Housing, and Urban Affairs

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