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Strategy (MSTR) R&D spending by quarter

Strategy's R&D spending was $23.1M in Q2 2026 (second quarter 2026), -6% from Q1 2026. Over the last 4 quarters it ranged from $22.8M (Q4 2025) to $24.7M (Q1 2026).

Strategy R&D spending by quarterStrategy R&D spending by quarter$24.4MQ1 2025$22.8MQ4 2025$24.7MQ1 2026$23.1MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$23.1M-6%—
Q1 2026$24.7M+8%+1%
Q4 2025$22.8M-7%—
Q1 2025$24.4M——

Q2 2026 at a glance

Strategy, Q2 2026: revenue $122M (+7% year over year), net loss $8.2B, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.

Questions

What is Strategy's R&D spending?

Strategy's R&D spending was $23.1M in Q2 2026 (second quarter 2026), -6% from Q1 2026.

How has Strategy's R&D spending changed?

Over the last 4 quarters it ranged from $22.8M (Q4 2025) to $24.7M (Q1 2026).

Q2 2026 results → · How Strategy makes money →