MicroStrategy (MSTR) r&d spend was $94M in FY2025 (-21% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$94M
-21%
2024
$118M
-2%
2023
$121M
-5%
2022
$127M
+9%
2021
$117M
+13%
2020
$104M
-5%
2019
$109M
+7%
2018
$102M
+30%
2017
$79M
+8%
2016
$73M
+12%
2015
$65M
-37%
2014
$103M
+5%
2013
$98M
+11%
2012
$88M
+30%
2011
$68M
+34%
2010
$51M
+21%
2009
$42M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$25M
Q4 2025
$23M
Q3 2025
$23M
Q2 2025
$24M
Q1 2025
$24M
Q4 2024
$26M
Q3 2024
$33M
Q2 2024
$30M
Q1 2024
$29M
Q4 2023
$30M
Q3 2023
$30M
Q2 2023
$29M
Source: MSTR on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.