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MicroStrategy MSTR Debt-to-equity

Debt-to-equity at other companies

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2.3×-0.4×
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1.2×+1.0×
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3.8×-1.2×
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0.0×
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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%
CapEx$952.0K-65.2%
Free cash flow$13.0M+354%

Valuation

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Market cap$34.08B-69.1%
Enterprise value$40.13B-40.9%
P/S69.6×-59.3×

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
Current ratio6.1×+5.4×

Where this comes from

Calculated from MicroStrategy’s reported figures.

Based on the most recent quarter.

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

Filed
May 6, 2026, 4:06 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001050446-26-000031

FAQ

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 3 years (2021 to 2025), MicroStrategy's debt-to-equity has grown at a -81.8% compound annual growth rate (CAGR), from 28.8× to 0.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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