Quick Answer
Strategy Inc reported R&D Expense of $93.86 million for fiscal year 2025.
Strategy Inc R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $93.86M | -20.8% |
| 2024 | $118.49M | -1.7% |
| 2023 | $120.53M | -5.4% |
| 2022 | $127.43M | +8.8% |
| 2021 | $117.12M | +13.1% |
| 2020 | $103.56M | -5.4% |
| 2019 | $109.42M | +6.8% |
| 2018 | $102.50M | +30.1% |
| 2017 | $78.77M | +7.7% |
| 2016 | $73.14M | +12.2% |
| 2015 | $65.21M | -36.9% |
| 2014 | $103.36M | +5.4% |
| 2013 | $98.06M | +11.2% |
| 2012 | $88.19M | +30.0% |
| 2011 | $67.86M | +34.2% |
| 2010 | $50.57M | +21.0% |
| 2009 | $41.80M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $22.60M | -32.1% | -6.1% |
| June 30, 2025 | $24.07M | -20.6% | -1.4% |
| March 31, 2025 | $24.42M | -16.3% | -26.7% |
| September 30, 2024 | $33.30M | +12.3% | +9.9% |
| June 30, 2024 | $30.31M | +3.3% | +3.9% |
| March 31, 2024 | $29.18M | -6.9% | -1.6% |
| September 30, 2023 | $29.66M | -2.7% | +1.0% |
| June 30, 2023 | $29.35M | -7.7% | -6.4% |
- Strategy Inc showed a decrease of -20.8% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2025 period, Strategy Inc’s r&d expense has grown by 124.6% (from $41.80 million to $93.86 million).
- The most recent figure is from Strategy Inc’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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