STRATEGY INC (MSTR) Spending and interest coverage
- R&D / revenue · 12 months: Value 18.69%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 10.69%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 18.69% | Research and development expense / revenue. Period ending 2026-06-30. $93.13M ÷ $498.35M × 100 ≈ 18.69% |
| Stock-based compensation / revenue · 12 months | 10.69% | Share-based compensation / revenue. Period ending 2026-06-30. $53.25M ÷ $498.35M × 100 ≈ 10.69% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 93.13M USD | Research and Development Expense |
| Revenue | 498.35M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 53.25M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -36.36B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $93.13M | $498.35M | $53.25M | $-36.36B | (m) | 18.69% | 10.69% | (m) | (m) |
| 2026-03-31 | $94.10M | $490.47M | $54.72M | $-13.99B | (m) | 19.19% | 11.16% | (m) | (m) |
| 2025-12-31 | $93.86M | $477.23M | $53.37M | $-5.44B | (m) | 19.67% | 11.18% | (m) | (m) |
| 2025-09-30 | $96.79M | $474.94M | $62.38M | $10.98B | (m) | 20.38% | 13.13% | (m) | (m) |
| 2025-06-30 | $107.49M | $462.32M | $66.27M | $6.66B | (m) | 23.25% | 14.33% | (m) | (m) |
| 2025-03-31 | $113.73M | $459.28M | $71.15M | $-7.57B | (m) | 24.76% | 15.49% | (m) | (m) |
| 2024-12-31 | $118.49M | $463.46M | $77.12M | $-1.85B | (m) | 25.57% | 16.64% | (m) | (m) |
| 2024-09-30 | $122.95M | $467.24M | $77.50M | $-879.34M | (m) | 26.31% | 16.59% | (m) | (m) |
| 2024-06-30 | $119.31M | $480.63M | $74.93M | $-472.01M | (m) | 24.82% | 15.59% | (m) | (m) |
| 2024-03-31 | $118.36M | $489.59M | $69.81M | $-298.44M | (m) | 24.17% | 14.26% | (m) | (m) |
| 2023-12-31 | $120.53M | $496.26M | $69.57M | $-115.05M | (m) | 24.29% | 14.02% | (m) | (m) |
| 2023-09-30 | $121.99M | $504.33M | $66.89M | $-265.98M | (m) | 24.19% | 13.26% | (m) | (m) |
| 2023-06-30 | $122.83M | $500.23M | $66.98M | $-234.67M | (m) | 24.55% | 13.39% | (m) | (m) |
| 2023-03-31 | $125.26M | $501.90M | $66.78M | $-1.13B | (m) | 24.96% | 13.31% | (m) | (m) |
| 2022-12-31 | $127.43M | $499.26M | $63.62M | $-1.28B | (m) | 25.52% | 12.74% | (m) | (m) |
| 2022-09-30 | $126.69M | $501.23M | $59.74M | $-1.22B | (m) | 25.28% | 11.92% | (m) | (m) |
| 2022-06-30 | $124.40M | $503.86M | $55.01M | $-1.28B | (m) | 24.69% | 10.92% | (m) | (m) |
| 2022-03-31 | $121.16M | $507.14M | $50.81M | $-771.34M | (m) | 23.89% | 10.02% | (m) | (m) |
| 2021-12-31 | $117.12M | $510.76M | $44.13M | $-784.53M | (m) | 22.93% | 8.64% | (m) | (m) |
| 2021-09-30 | $111.20M | $507.57M | $34.23M | $-646.67M | (m) | 21.91% | 6.74% | (m) | (m) |
| 2021-06-30 | $109.62M | $506.98M | $24.62M | $-617.28M | (m) | 21.62% | 4.86% | (m) | (m) |
| 2021-03-31 | $106.94M | $492.21M | $15.75M | $-196.71M | (m) | 21.73% | 3.20% | (m) | (m) |
| 2020-12-31 | $103.56M | $480.74M | $11.15M | $-13.63M | (m) | 21.54% | 2.32% | (m) | (m) |
| 2020-09-30 | $104.59M | $482.95M | $10.22M | $-4.39M | (m) | 21.66% | 2.12% | (m) | (m) |
| 2020-06-30 | $105.41M | $475.23M | $9.49M | $20.47M | (m) | 22.18% | 2.00% | (m) | (m) |
| 2020-03-31 | $107.31M | $482.38M | $10.30M | $9.31M | (m) | 22.25% | 2.14% | (m) | (m) |
| 2019-12-31 | $109.42M | $486.33M | $10.21M | $-1.00M | (m) | 22.50% | 2.10% | (m) | (m) |
| 2019-09-30 | $111.46M | $484.71M | $11.39M | $-12.79M | (m) | 23.00% | 2.35% | (m) | (m) |
| 2019-06-30 | $109.84M | $487.17M | $12.57M | $-10.15M | (m) | 22.55% | 2.58% | (m) | (m) |
| 2019-03-31 | $107.15M | $490.04M | $12.91M | $-7.12M | (m) | 21.87% | 2.63% | (m) | (m) |
| 2018-12-31 | $102.50M | $497.64M | $14.64M | $3.98M | (m) | 20.60% | 2.94% | (m) | (m) |
| 2018-09-30 | $95.89M | $502.80M | $14.84M | $24.41M | (m) | 19.07% | 2.95% | (m) | (m) |
| 2018-06-30 | $89.42M | $506.66M | $15.50M | $38.36M | (m) | 17.65% | 3.06% | (m) | (m) |
| 2018-03-31 | $83.90M | $505.28M | $15.89M | $54.23M | (m) | 16.60% | 3.15% | (m) | (m) |
| 2017-12-31 | $78.77M | $504.54M | $14.27M | $74.36M | (m) | 15.61% | 2.83% | (m) | (m) |
| 2017-09-30 | $75.69M | $506.51M | $13.95M | $92.34M | (m) | 14.94% | 2.75% | (m) | (m) |
| 2017-06-30 | $74.39M | $511.19M | $13.63M | $101.77M | (m) | 14.55% | 2.67% | (m) | (m) |
| 2017-03-31 | $73.99M | $513.72M | $13.43M | $107.18M | (m) | 14.40% | 2.61% | (m) | (m) |
| 2016-12-31 | $73.14M | $512.16M | $11.82M | $107.63M | (m) | 14.28% | 2.31% | (m) | (m) |
| 2016-09-30 | $71.96M | $515.58M | $13.22M | $116.78M | (m) | 13.96% | 2.56% | (m) | (m) |
| 2016-06-30 | $71.68M | $515.22M | $14.42M | $117.50M | (m) | 13.91% | 2.80% | (m) | (m) |
| 2016-03-31 | $67.38M | $525.01M | $15.21M | $131.17M | (m) | 12.83% | 2.90% | (m) | (m) |
| 2015-12-31 | $65.21M | $529.87M | $17.30M | $134.02M | (m) | 12.31% | 3.26% | (m) | (m) |
| 2015-09-30 | $61.94M | $535.22M | $15.73M | $121.30M | (m) | 11.57% | 2.94% | (m) | (m) |
| 2015-06-30 | $72.81M | $556.88M | $15.06M | $83.57M | (m) | 13.07% | 2.70% | (m) | (m) |
| 2015-03-31 | $90.69M | $565.80M | $13.79M | $36.10M | (m) | 16.03% | 2.44% | (m) | (m) |
| 2014-12-31 | $103.36M | $579.83M | $11.79M | $5.10M | (m) | 17.83% | 2.03% | (m) | (m) |
| 2014-09-30 | $115.50M | $596.84M | $10.20M | $-9.54M | (m) | 19.35% | 1.71% | (m) | (m) |
| 2014-06-30 | $108.82M | $587.56M | $6.76M | $9.08M | (m) | 18.52% | 1.15% | (m) | (m) |
| 2014-03-31 | $100.30M | $583.61M | $3.68M | $19.75M | (m) | 17.19% | 0.63% | (m) | (m) |
| 2013-12-31 | $98.06M | $575.89M | $2.08M | $19.44M | (m) | 17.03% | 0.36% | (m) | (m) |
| 2013-09-30 | $103.47M | $594.88M | (m) | $11.66M | (m) | 17.39% | (m) | (m) | (m) |
| 2013-06-30 | $103.42M | $589.04M | (m) | $7.33M | (m) | 17.56% | (m) | (m) | (m) |
| 2013-03-31 | $98.21M | $586.46M | (m) | $19.87M | (m) | 16.75% | (m) | (m) | (m) |
| 2012-12-31 | $94.56M | $594.61M | (m) | $30.15M | (m) | 15.90% | (m) | (m) | (m) |
| 2012-09-30 | $90.17M | $590.42M | (m) | $25.61M | (m) | 15.27% | (m) | (m) | (m) |
| 2012-06-30 | $87.14M | $588.89M | (m) | $20.44M | (m) | 14.80% | (m) | (m) | (m) |
| 2012-03-31 | $83.36M | $585.21M | (m) | $14.42M | (m) | 14.24% | (m) | (m) | (m) |
| 2011-12-31 | $72.62M | $562.15M | (m) | $15.04M | (m) | 12.92% | (m) | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | $483.22M | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $50.57M | $454.58M | (m) | $50.59M | (m) | 11.12% | (m) | (m) | (m) |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $41.80M | $377.79M | (m) | $86.30M | (m) | 11.06% | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.