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MicroStrategy MSTR Debt-to-equity

Debt-to-equity at other companies

International Business Machines logo
International Business MachinesIBM
2.3×-0.4×
Salesforce logo
SalesforceCRM
1.2×+1.0×
Oracle logo
OracleORCL
0.7×-5.3×
Blackrock logo
BlackrockBLK
0.3×0.0×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
0.5×+0.1×
Snowflake logo
SnowflakeSNOW
0.3×+0.1×

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+13.8%
Total assets$54.3B+23.6%

Cash flow

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Operating cash flow$14.0M+686%
CapEx$952.0K-65.2%
Free cash flow$13.0M+354%

Valuation

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Market cap$41.39B-60.7%
Enterprise value$47.44B-40.9%
P/S86.5×+54.6×

Profitability

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Gross margin72%-3.6pp
Operating margin518.9%
Net margin1,663.1%+1,587pp

Returns & leverage

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Return on equity28.2%+20.4pp
Current ratio6.1×+5.4×

Where this comes from

Calculated from MicroStrategy’s reported figures.

Based on the most recent quarter.

The official record: MicroStrategy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MicroStrategy's debt-to-equity?
MicroStrategy (MSTR) reported debt-to-equity of 0.2× in Q1 2026.
How has MicroStrategy's debt-to-equity changed year-over-year?
MicroStrategy's debt-to-equity decreased by 11.4% year-over-year, from 0.3× to 0.2×.
What is the long-term trend for MicroStrategy's debt-to-equity?
Over 2 years (2021 to 2025), MicroStrategy's debt-to-equity has grown at a -75.8% compound annual growth rate (CAGR), from 30.6× to 1.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.