MicroStrategy Incorporated (MSTR) — Tangible Net Worth Ratio
MicroStrategy Incorporated (MSTR) has a Tangible Net Worth Ratio of -13.2% as of March 2026. This metric is calculated by deducting intangible assets ($51.65 Billion) from net assets ($45.64 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See shareholders equity of MicroStrategy Incorporated for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
MicroStrategy Incorporated Tangible Net Worth Ratio (1998–2025)
This chart shows how MicroStrategy Incorporated's Tangible Net Worth Ratio has changed across 25 annual periods from 1998 to 2025. As of March 2026, the ratio stands at -13.2%, reflecting net assets of $45.64 Billion with intangible assets of $51.65 Billion USD. Also explore how fast is MicroStrategy Incorporated growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for MicroStrategy Incorporated (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for MicroStrategy Incorporated from 1998 to 2025, covering 25 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of MicroStrategy Incorporated.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -15.3% | $51.04 Billion | $58.85 Billion | $61.64 Billion | ▲ +15.9 pp |
| 2024 | -31.2% | $18.23 Billion | $23.91 Billion | $25.84 Billion | ▲ +36.4 pp |
| 2023 | -67.5% | $2.16 Billion | $3.63 Billion | $4.76 Billion | ▲ +123.6 pp |
| 2021 | -191.1% | $978.96 Million | $2.85 Billion | $3.56 Billion | ▼ -100.5 pp |
| 2020 | -90.6% | $553.04 Million | $1.05 Billion | $1.47 Billion | ▼ -190.6 pp |
| 2019 | 100.0% | $508.56 Million | $0.00 | $916.57 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $529.73 Million | $0.00 | $855.77 Million | ▲ +0.4 pp |
| 2017 | 99.6% | $688.03 Million | $2.50 Million | $933.22 Million | ▲ +1.2 pp |
| 2016 | 98.5% | $552.18 Million | $8.50 Million | $768.32 Million | ▲ +1.9 pp |
| 2015 | 96.5% | $455.28 Million | $15.86 Million | $656.89 Million | ▲ +0.7 pp |
| 2014 | 95.8% | $324.47 Million | $13.47 Million | $558.80 Million | ▼ -0.8 pp |
| 2013 | 96.7% | $310.33 Million | $10.29 Million | $585.51 Million | ▲ +1.9 pp |
| 2012 | 94.8% | $200.31 Million | $10.36 Million | $477.94 Million | ▼ -1.0 pp |
| 2011 | 95.8% | $168.98 Million | $7.03 Million | $453.85 Million | ▲ +1.9 pp |
| 2010 | 93.9% | $149.17 Million | $9.06 Million | $381.57 Million | ▲ +0.2 pp |
| 2009 | 93.7% | $214.23 Million | $13.43 Million | $383.33 Million | ▲ +4.5 pp |
| 2008 | 89.3% | $138.04 Million | $14.82 Million | $292.14 Million | ▼ -8.5 pp |
| 2007 | 97.7% | $103.33 Million | $2.34 Million | $241.39 Million | ▼ -0.8 pp |
| 2006 | 98.6% | $133.15 Million | $1.90 Million | $248.82 Million | ▲ +0.6 pp |
| 2005 | 98.0% | $180.72 Million | $3.67 Million | $277.77 Million | ▼ -2.0 pp |
| 2004 | 100.0% | $240.58 Million | $0.00 | $336.96 Million | ▲ +1.4 pp |
| 2003 | 98.6% | $44.35 Million | $604.00K | $114.79 Million | ▲ +233.9 pp |
| 2000 | -135.3% | $14.58 Million | $34.30 Million | $259.09 Million | ▼ -189.0 pp |
| 1999 | 53.7% | $101.82 Million | $47.15 Million | $203.37 Million | ▼ -44.2 pp |
| 1998 | 97.9% | $46.30 Million | $987.00K | $82.70 Million | — |