What is MicroStrategy's R&D?

MicroStrategy (MSTR) reported R&D of $24.67M in Q1 2026.

How has MicroStrategy's R&D changed year-over-year?

MicroStrategy's R&D increased by 1.0% year-over-year, from $24.42M to $24.67M.

What is the long-term trend for MicroStrategy's R&D?

Over 4 years (2021 to 2025), MicroStrategy's R&D has grown at a 3.4% compound annual growth rate (CAGR), from $103.56M to $118.49M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

MicroStrategy MSTR R&D

R&D at other companies

International Business MachinesIBM

$2.17B+11.4%

SalesforceCRM

$1.63B+11.4%

OracleORCL

$2.61B-1.5%

Coinbase Global, Inc.COIN

$525.65M+47.9%

ElasticESTC

$120.26M+27.0%

TeradataTDC

$72M+9.1%

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+13.7%

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$30.53B-70.4%

Enterprise value$36.58B-67.2%

P/S63.8×+40.3×

Profitability

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Gross margin72%-3.6pp

Operating margin518.9%—

Net margin1,663.1%+1,587pp

FCF margin-17.5%—

Returns & leverage

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Return on equity28.2%+20.4pp

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:ResearchAndDevelopmentExpense.

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 R&D?: MicroStrategy (MSTR) reported R&D of $24.67M in Q1 2026.
How has MicroStrategy's R&D changed year-over-year?: MicroStrategy's R&D increased by 1.0% year-over-year, from $24.42M to $24.67M.
What is the long-term trend for MicroStrategy's R&D?: Over 4 years (2021 to 2025), MicroStrategy's R&D has grown at a 3.4% compound annual growth rate (CAGR), from $103.56M to $118.49M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.