Strategy Valuation Multiples

Strategy Overview

About Strategy

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education). Geographically, the company operates in EMEA, U.S. and Other Regions, of which maximum revenue is derived from U.S..

Founded

1989

HQ

Employees

1.5K

Website

strategy.com

Sectors

BI & Analytics SoftwareProductivity SoftwareCrypto & Web3 PlatformsAsset ManagementB2B SaaSHorizontal SaaS

Financials (LTM)

Revenue: $482M

EBITDA: $43M

EV

$61B

Valuation Multiples

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Strategy Financials

Strategy reported last 12-month revenue of $482M and EBITDA of $43M.

In the same LTM period, Strategy generated $330M in gross profit, $43M in EBITDA, and $3B in net income.

Strategy P&L

In the most recent fiscal year, Strategy reported revenue of $477M and EBITDA of $47M.

Strategy expects next 12-month revenue of XXX and NTM EBITDA of XXX

Strategy Stock Performance

Strategy has current market cap of $48B, and enterprise value of $61B.

Strategy's stock price is $137.41.

Strategy Valuation Multiples

Strategy trades at 125.6x EV/Revenue multiple, and 1412.9x EV/EBITDA.

Strategy Financial Valuation Multiples

As of April 15, 2026, Strategy has market cap of $48B and EV of $61B.

Equity research analysts estimate Strategy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Strategy has a P/E ratio of 14.3x.

Strategy Margins & Growth Rates

Strategy's revenue in the last 12 month grew by 3%.

Strategy's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Strategy's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Strategy's rule of X is 15% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Strategy Public Comps

See public comps and valuation multiples for other BI & Analytics Software and Productivity Software comps.

Strategy M&A Activity

Strategy acquired XXX companies to date.

Last acquisition by Strategy was on XXXXXXXX, XXXXX. Strategy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Strategy Investment Activity

Strategy invested in XXX companies to date.

Strategy made its latest investment on XXXXXXXX, XXXXX. Strategy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).