As of Q4'25, MicroStrategy ( MSTR ) reported revenue of USD 123M, reflecting a year-over-year growth rate of 1.9%. This marks a recovery from the previous quarter’s revenue of USD 129M and a YoY growth rate of 10.9% in Q3'25. Over the period from Q1'23 to Q4'25, MSTR’s revenue demonstrated moderate volatility, with a notable dip to USD 111M in Q1'25 before rebounding in the latter half of 2025. Year-over-year growth rates fluctuated, showing declines throughout most of 2024—reaching a low of -10.3% in Q3'24—before reversing to positive territory in 2025. This pattern suggests a challenging 2024 followed by a return to growth in late 2025.