Strategy Inc. (NASDAQ:MSTR) is set to report earnings for the fourth quarter of 2025 after the market close on Thursday. Here's what investors need to know before the announcement.

What Analysts Expect

Analysts estimate the Bitcoin (CRYPTO: BTC) treasury company to report a loss of $18.64 per share, compared to a loss of $3.20 per share in the same quarter of the previous year.

The firm is expected to report a quarterly revenue of $118.92 million, down from $120.70 million.

The MSTR stock has a consensus price target of $480.53 from 12 analysts, with the highest forecast of $705 set by Benchmark in August last year. Based on the three most recent ratings, the average price target stands at $389.33, suggesting a potential upside of about 160%.

All these ratings maintained the “Buy” recommendation, but slashed the price targets considerably.

Key Indicators To Watch Out For

Short interest in the stock increased to $34.74 million, accounting for nearly 13% of the company’s total shares, a sign of moderate bearish sentiment.

The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, flashed a “Sell” signal for MSTR, according to TradingView. The Relative Strength Index showed a “Neutral” reading.

The Impact Of Bitcoin

Strategy holds 712,647 BTC worth $54.53 billion, acquired at an average price of $76,040. Over the weekend, Bitcoin briefly tanked below $75,000, turning the company’s BTC position red.

The stock has more than halved in value over the last six months, significantly underperforming Bitcoin itself.  As of this writing, the stock is trading at a discount to its market value.

With Bitcoin accounting for most of its reserves, Strategy may see substantial earnings hits from the cryptocurrency’s 23% decline last quarter.

Price Action: At the time of writing, BTC was exchanging hands at $76,182.83, down 2.62% in the last 24 hours, according to data from Benzinga Pro.

Strategy shares closed 4.55% higher at $149.71 during Friday’s regular trading session. Over the last year, the stock has plunged 56.87%

MSTR maintains a weaker price trend over the short, medium, and long terms with a poor Value ranking, according to Benzinga's Edge Stock Rankings.

Photo: T. Schneider / Shutterstock