MicroStrategy Incorporated (MSTR) balance sheet
NASDAQ · Technology · Software - Application · 1,539 employees · CEO Phong Q. Le
- Price
- $130.51 -7.84%
- Market cap
- $52.5B
- Enterprise value
- $56.8B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $8.75
At the end of Q3 '26 MicroStrategy Incorporated (MSTR) held $5.91B in cash and short-term investments against $6.78B of debt incl. leases. Total assets $77.2B, total liabilities $8.65B, shareholders' equity $68.5B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $46.8M | $81.3M | $66.9M | $46.3M | $38.1M | $62.3M | $50.1M | $54.3M | $2.3B | $2.21B | $1.71B | $2.5B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $736M | $3.4B | |
| Receivables | $184M | $115M | $112M | $107M | $181M | $107M | $118M | $113M | $206M | $122M | $124M | $130M | |
| Other current assets | $37.3M | $45.1M | $29.1M | $32.5M | $33M | $34.1M | $45.5M | $46.3M | $56.9M | $61.7M | $96.9M | $1.67M | |
| Current assets | $268M | $242M | $208M | $186M | $252M | $204M | $213M | $214M | $2.56B | $2.39B | $2.67B | $6.11B | |
| Property, plant & equipment (net) | $86.3M | $84.2M | $81.9M | $82.8M | $80.9M | $81.4M | $81.8M | $79.2M | $75.8M | $86.5M | $86.6M | $87.9M | |
| Long-term investments | $0 | $2.7M | $5.4M | $5.4M | $6.8M | $6.3M | $10.4M | $11.1M | $0 | $0 | $0 | $0 | |
| Intangible assets | $3.63B | $5.07B | $5.69B | $6.85B | $23.9B | $43.5B | $64.4B | $73.2B | $58.9B | $51.6B | $0 | $0 | |
| Deferred tax assets | $758M | $920M | $1.03B | $1.17B | $1.53B | $5.4M | $5.72M | $5.84M | $4.51M | $5.04M | $5.11M | $5.15M | |
| Other non-current assets | $24.3M | $29.1M | $38M | $45.7M | $69M | $77M | $99.3M | $103M | $143M | $136M | $49.8B | $71B | |
| Non-current assets | $4.49B | $6.11B | $6.84B | $8.16B | $25.6B | $43.7B | $64.6B | $73.4B | $59.1B | $51.9B | $49.9B | $71B | |
| Total assets | $4.76B | $6.35B | $7.05B | $8.34B | $25.8B | $43.9B | $64.8B | $73.6B | $61.6B | $54.3B | $52.6B | $77.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $32.6M | $41.9M | $44.2M | $45.7M | $33.4M | $47M | $44.2M | $48.7M | $50.3M | $44.7M | $35.3M | $79.3M | |
| Accrued expenses | $50M | $40.6M | $46.9M | $51.7M | $58.4M | $32.8M | $5.62M | $29.9M | $70M | $5.97M | $0 | $43.2M | |
| Short-term debt | $10.9M | $492K | $145M | $509K | $10.9M | $525K | $349K | $316K | $31.3M | $31.4M | $39.8M | $1.05B | |
| Deferred revenue | $228M | $216M | $205M | $184M | $238M | $216M | $214M | $201M | $272M | $231M | $223M | $207M | |
| Other current liabilities | $1.49M | $10.9M | $5.07M | $5.8M | $5.55M | $5.97M | $50.1M | $44.5M | $32.7M | $33.7M | $197M | $136M | |
| Current liabilities | $323M | $310M | $446M | $288M | $355M | $309M | $315M | $324M | $456M | $395M | $495M | $1.51B | |
| Long-term debt | $2.18B | $3.56B | $3.7B | $4.21B | $7.19B | $8.14B | $8.16B | $8.17B | $8.2B | $8.17B | $6.67B | $5.67B | |
| Lease obligations (non-current) | $61.1M | $58.4M | $56.5M | $57.5M | $56.4M | $53.7M | $51.2M | $48.2M | $46.1M | $60.9M | $60.8M | $60.8M | |
| Deferred revenue (non-current) | $8.52M | $6.49M | $5.96M | $6.34M | $4.97M | $3.98M | $4.2M | $3.45M | $5.45M | $5.22M | $3.26M | $2.71M | |
| Deferred tax liabilities | $357K | $357K | $357K | $357K | $407K | $1.88B | $5.87B | $6.95B | $1.93B | $1.38M | $1.36M | $1.4B | |
| Other non-current liabilities | $22.2M | $17.6M | $5.97M | $5.68M | $5.38M | $4.44M | $4.67M | $4.79M | -$41.4M | $4.82M | $4.93M | $5.03M | |
| Non-current liabilities | $2.27B | $3.64B | $3.77B | $4.28B | $7.26B | $10.1B | $14.1B | $15.2B | $10.1B | $8.24B | $6.74B | $7.14B | |
| Total liabilities | $2.6B | $3.95B | $4.22B | $4.57B | $7.61B | $10.4B | $14.4B | $15.5B | $10.6B | $8.63B | $7.24B | $8.65B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $26K | $26K | $28K | $212K | $246K | $267K | $281K | $287K | $312K | $346K | $372K | $422K | |
| Retained earnings | -$999M | -$1.05B | -$1.15B | -$1.5B | -$2.17B | $6.35B | $16.3B | $18.9B | $6.32B | -$6.47B | -$15.2B | $3.94B | |
| Accumulated other comprehensive income | -$11.4M | -$13.2M | -$13.6M | -$9.58M | -$15.4M | -$12M | -$5.02M | -$5.11M | -$5.17M | -$7.91M | -$8.43M | -$14.3M | |
| Shareholders' equity | $2.16B | $2.4B | $2.83B | $3.77B | $18.2B | $33.5B | $50.4B | $58.1B | $51B | $45.6B | $45.3B | $68.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $2.25B | $3.62B | $3.91B | $4.27B | $7.26B | $8.19B | $8.21B | $8.22B | $8.28B | $8.26B | $6.77B | $6.78B | |
| Net debt (debt - cash) | $2.21B | $3.54B | $3.84B | $4.22B | $7.22B | $8.13B | $8.16B | $8.17B | $5.98B | $6.05B | $5.06B | $4.27B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $402M | $420M | $110M | $457M | $59.7M | $63.4M | $43.8M | $46.8M | $38.1M | $2.3B | |
| Short-term investments | $187M | $255M | $466M | $109M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Receivables | $83.3M | $165M | $171M | $164M | $197M | $189M | $189M | $184M | $181M | $206M | |
| Other current assets | $737K | $2.14M | $862K | $1.09M | $1.08M | $1.08M | $31.5M | $37.3M | $33M | $55M | |
| Current assets | $685M | $861M | $778M | $753M | $273M | $268M | $265M | $268M | $252M | $2.56B | |
| Property, plant & equipment (net) | $57.4M | $53.4M | $51.9M | $136M | $117M | $103M | $93.6M | $86.3M | $80.9M | $75.8M | |
| Long-term investments | $0 | $0 | $0 | $0 | $1.05B | $0 | $0 | $0 | $6.8M | $0 | |
| Intangible assets | $8.5M | $2.5M | $0 | $0 | $1.05B | $2.85B | $1.84B | $3.63B | $23.9B | $58.9B | |
| Deferred tax assets | $11.7M | $13.4M | $17.3M | $19.4M | $6.5M | $320M | $188M | $758M | $1.53B | $4.51M | |
| Other non-current assets | $5.7M | $3.32M | $8.13M | $8.02M | -$1.04B | $15.8M | $23.9M | $24.3M | $69M | $143M | |
| Non-current assets | $83.3M | $72.6M | $77.4M | $163M | $1.19B | $3.29B | $2.15B | $4.49B | $25.6B | $59.1B | |
| Total assets | $768M | $933M | $856M | $917M | $1.47B | $3.56B | $2.41B | $4.76B | $25.8B | $61.6B | |
| Liabilities | |||||||||||
| Accounts payable | $33.1M | $30.7M | $33.7M | $33.9M | $44.8M | $46.1M | $43M | $32.6M | $33.4M | $50.3M | |
| Accrued expenses | $43.3M | $41.5M | $48M | $48.8M | $49.5M | $54.5M | $53.7M | $50M | $58.4M | $70M | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $454K | $10.9M | $10.9M | $31.3M | |
| Taxes payable | $0 | $0 | $0 | $900K | $3M | $3M | $5.5M | $0 | $0 | $0 | |
| Deferred revenue | $106M | $113M | $177M | $187M | $191M | $210M | $217M | $228M | $238M | $272M | |
| Other current liabilities | $3.5M | $0 | $0 | $0 | $0 | $1.49M | $2.83M | $1.49M | $5.55M | $5.62M | |
| Current liabilities | $185M | $185M | $258M | $270M | $286M | $312M | $317M | $323M | $355M | $456M | |
| Long-term debt | $0 | $0 | $0 | $0 | $486M | $2.16B | $2.38B | $2.18B | $7.19B | $8.2B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $103M | $84.3M | $76.6M | $67.3M | $61.1M | $56.4M | $46.1M | |
| Deferred revenue (non-current) | $13.9M | $10.2M | $6.47M | $4.34M | $14.7M | $8.09M | $12.8M | $8.52M | $4.97M | $5.45M | |
| Deferred tax liabilities | $294K | $4K | $37K | $26K | $8.21M | $109K | $198K | $357K | $407K | $1.93B | |
| Other non-current liabilities | $16.4M | $50.1M | $61.3M | $30.4M | $33.4M | $26.2M | $17.1M | $22.2M | $5.38M | -$41.4M | |
| Non-current liabilities | $30.7M | $60.3M | $67.8M | $138M | $627M | $2.27B | $2.48B | $2.27B | $7.26B | $10.1B | |
| Total liabilities | $216M | $327M | $326M | $408M | $913M | $2.58B | $2.79B | $2.6B | $7.61B | $10.6B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $18K | $18K | $18K | $18K | $18K | $20K | $20K | $26K | $246K | $312K | |
| Retained earnings | $494M | $512M | $549M | $583M | $576M | $41.4M | -$1.43B | -$999M | -$2.17B | $6.32B | |
| Accumulated other comprehensive income | -$10.7M | -$5.97M | -$10.2M | -$9.65M | -$3.89M | -$7.54M | -$13.8M | -$11.4M | -$15.4M | -$5.17M | |
| Shareholders' equity | $552M | $591M | $530M | $509M | $553M | $979M | -$383M | $2.16B | $18.2B | $51B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $0 | $103M | $571M | $2.23B | $2.45B | $2.25B | $7.26B | $8.28B | |
| Net debt (debt - cash) | -$402M | -$420M | -$110M | -$353M | $511M | $2.17B | $2.4B | $2.21B | $7.22B | $5.98B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02