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CapEx at other companies

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International Business MachinesIBM
-$975M-564%
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SalesforceCRM
$145M-19.0%
Oracle logo
OracleORCL
$16.49B+81.6%
BNC
CEA Industries Inc.BNC
$9K
Verb Technology Company, Inc. logo
Verb Technology Company, Inc.TONX
$9K-86.4%
Upexi logo
UpexiUPXI
$11.72K-61.7%

Other financials

Income statement

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Revenue$124.3M+11.9%
Gross profit$83.4M+8.1%
Operating income-$14.5B-144%
Net income-$12.5B-197%
EPS (diluted)-$38.25-132%

Balance sheet

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Cash & equivalents$2.2B+3,561%
Total debt$8.3B+0.8%
Total equity$36.7B+13.7%
Total assets$54.3B+23.6%

Cash flow

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Operating cash flow$14.0M+686%
Free cash flow$13.0M+354%

Valuation

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Market cap$38.33B-66.2%
Enterprise value$44.38B-40.9%
P/S78.3×-66.7×

Profitability

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Gross margin72%-3.6pp
Operating margin518.9%
Net margin-1,624.3%+1,096pp
FCF margin-17.1%

Returns & leverage

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Return on equity-23.1%-4.6pp
Debt / equity0.2×0.0×
Current ratio6.1×+5.4×

Where this comes from

Reported directly by MicroStrategy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: MicroStrategy’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:06 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001050446-26-000031
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Investing activities:
Purchases of digital assets(7,251,126)(7,661,663)
Advance deposits on purchases of property and equipment(6,000)
Purchases of property and equipment(952)(2,737)
Net cash used in investing activities(7,252,078)(7,670,400)
Financing activities:
Proceeds from sale of common stock under public offerings5,298,5814,407,093
Issuance costs paid related to sale of common stock under public offerings(6,369)(7,129)

Item 1. Financial Statements (unaudited)

FAQ

What is MicroStrategy's capex?
MicroStrategy (MSTR) reported capex of $952K in Q1 2026.
How has MicroStrategy's capex changed year-over-year?
MicroStrategy's capex decreased by 65.2% year-over-year, from $2.74M to $952K.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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