MicroStrategy Operating Expenses — Historical Data
MicroStrategy (MSTR) operating expenses was $5.8B in FY2025 (+1354% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$5.8B
+1354%
2024
$397M
+3%
2023
$386M
+0%
2022
$385M
+3%
2021
$373M
+12%
2020
$333M
-14%
2019
$387M
-2%
2018
$394M
+18%
2017
$334M
+7%
2016
$311M
+6%
2015
$294M
-31%
2014
$425M
+2%
2013
$418M
+7%
2012
$392M
-2%
2011
$399M
+34%
2010
$298M
+32%
2009
$225M
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q1 2026
$14.6B
Q4 2025
$17.5B
Q3 2025
-$3.8B
Q2 2025
-$14.0B
Q1 2025
$6.0B
Q4 2024
$97M
Q3 2024
$102M
Q2 2024
$101M
Q1 2024
$97M
Q4 2023
$100M
Q3 2023
$94M
Q2 2023
$96M
Source: MSTR on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.