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MicroStrategy MSTR Gross margin

Gross margin at other companies

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International Business MachinesIBM
58.4%+1.3pp
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SalesforceCRM
77.6%+0.3pp
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OracleORCL
64.6%-5.9pp
BNC
CEA Industries Inc. Common StockBNC
28.9%-11.6pp
Verb Technology Company, Inc. logo
Verb Technology Company, Inc.TONX
-10,194.9%-10,258pp
Solana Company
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Solana Company HSDT
94.2%+74.5pp

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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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

Calculated from MicroStrategy’s reported figures.

Based on trailing twelve months.

The source filing: MicroStrategy’s 10-Q, filed November 3, 2025. Open the filing →

Filed
Nov 3, 2025
Fiscal quarter
Q1 FY2026
Calendar quarter
Q3 2025
Accession
0001193125-25-262568

FAQ

What is MicroStrategy's gross margin?
MicroStrategy (MSTR) reported gross margin of 72% in Q3 2025.
How has MicroStrategy's gross margin changed year-over-year?
MicroStrategy's gross margin decreased by 4.8% year-over-year, from 75.6% to 72%.
What is the long-term trend for MicroStrategy's gross margin?
Over 4 years (2021 to 2025), MicroStrategy's gross margin has grown at a -3.4% compound annual growth rate (CAGR), from 82.6% to 72.1%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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