---
title: "Strategy Inc, (MSTR) swings to a loss in Q4 due to mark-to-market bitcoin losses"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/275918830.md"
description: "Strategy Inc (NASDAQ:MSTR) reported its Q4-2025 earnings on February 5, showing mixed results. Revenue increased by 1.9% year-over-year to $123.0 million, surpassing analyst expectations of $118.5 million. However, the company faced significant operating losses of $17.4 billion, compared to $1.0 billion in the previous year, primarily due to mark-to-market losses on bitcoin investments."
datetime: "2026-02-13T15:03:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275918830.md)
  - [en](https://longbridge.com/en/news/275918830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275918830.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/275918830.md) | [繁體中文](https://longbridge.com/zh-HK/news/275918830.md)


# Strategy Inc, (MSTR) swings to a loss in Q4 due to mark-to-market bitcoin losses

Strategy Inc (NASDAQ:MSTR) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In. On February 5, MSTR released its Q4-2025 earnings report, which delivered mixed results relative to analyst expectations. Revenue grew 1.9% YoY to $123.0 million (vs. street consensus of $118.5 million). Operating losses, meanwhile, reached $17.4 billion (vs. $1.0 billion in \[…\]

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