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Side-by-side financial comparison of Strategy Inc (MSTR) and PDF SOLUTIONS INC (PDFS). Click either name above to swap in a different company.
Strategy Inc is the larger business by last-quarter revenue ($123.0M vs $62.4M, roughly 2.0× PDF SOLUTIONS INC). On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% vs 1.9%). Over the past eight quarters, PDF SOLUTIONS INC's revenue compounded faster (22.9% CAGR vs 3.3%).
Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Busin...
PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.
MSTR vs PDFS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $123.0M | $62.4M |
| Net Profit | — | $-48.0K |
| Gross Margin | 66.1% | 72.9% |
| Operating Margin | — | 5.5% |
| Net Margin | — | -0.1% |
| Revenue YoY | 1.9% | 24.6% |
| Net Profit YoY | — | -108.9% |
| EPS (diluted) | — | $0.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $123.0M | $62.4M | ||
| Q3 25 | $128.7M | $57.1M | ||
| Q2 25 | $114.5M | $51.7M | ||
| Q1 25 | $111.1M | $47.8M | ||
| Q4 24 | $120.7M | $50.1M | ||
| Q3 24 | $116.1M | $46.4M | ||
| Q2 24 | $111.4M | $41.7M | ||
| Q1 24 | $115.2M | $41.3M |
| Q4 25 | — | $-48.0K | ||
| Q3 25 | $2.8B | $1.3M | ||
| Q2 25 | $10.0B | $1.1M | ||
| Q1 25 | $-4.2B | $-3.0M | ||
| Q4 24 | $-670.8M | $539.0K | ||
| Q3 24 | $-340.2M | $2.2M | ||
| Q2 24 | $-102.6M | $1.7M | ||
| Q1 24 | $-53.1M | $-393.0K |
| Q4 25 | 66.1% | 72.9% | ||
| Q3 25 | 70.5% | 72.3% | ||
| Q2 25 | 68.8% | 71.2% | ||
| Q1 25 | 69.4% | 72.9% | ||
| Q4 24 | 71.7% | 68.3% | ||
| Q3 24 | 70.4% | 73.1% | ||
| Q2 24 | 72.2% | 70.6% | ||
| Q1 24 | 74.0% | 67.3% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | -5331.4% | -7.4% | ||
| Q4 24 | -842.1% | 1.0% | ||
| Q3 24 | -372.7% | 4.6% | ||
| Q2 24 | -179.7% | 0.6% | ||
| Q1 24 | -176.8% | -4.7% |
| Q4 25 | — | -0.1% | ||
| Q3 25 | 2164.1% | 2.3% | ||
| Q2 25 | 8752.7% | 2.2% | ||
| Q1 25 | -3797.2% | -6.3% | ||
| Q4 24 | -555.8% | 1.1% | ||
| Q3 24 | -293.1% | 4.8% | ||
| Q2 24 | -92.0% | 4.1% | ||
| Q1 24 | -46.1% | -1.0% |
| Q4 25 | — | $0.00 | ||
| Q3 25 | $8.42 | $0.03 | ||
| Q2 25 | $32.60 | $0.03 | ||
| Q1 25 | $-16.49 | $-0.08 | ||
| Q4 24 | $4.49 | $0.01 | ||
| Q3 24 | $-1.72 | $0.06 | ||
| Q2 24 | $-0.57 | $0.04 | ||
| Q1 24 | $-0.31 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $42.2M |
| Total DebtLower is stronger | $8.2B | $67.0M |
| Stockholders' EquityBook value | $44.1B | $271.0M |
| Total Assets | $61.6B | $418.7M |
| Debt / EquityLower = less leverage | 0.19× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $42.2M | ||
| Q3 25 | $54.3M | $35.9M | ||
| Q2 25 | $50.1M | $40.4M | ||
| Q1 25 | $60.3M | $54.1M | ||
| Q4 24 | $38.1M | $114.9M | ||
| Q3 24 | $46.3M | $120.2M | ||
| Q2 24 | $66.9M | $117.9M | ||
| Q1 24 | $81.3M | $122.9M |
| Q4 25 | $8.2B | $67.0M | ||
| Q3 25 | $8.2B | $67.6M | ||
| Q2 25 | $8.2B | $68.1M | ||
| Q1 25 | $8.1B | $68.7M | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.6B | — |
| Q4 25 | $44.1B | $271.0M | ||
| Q3 25 | $52.3B | $264.4M | ||
| Q2 25 | $47.5B | $257.5M | ||
| Q1 25 | $32.2B | $249.0M | ||
| Q4 24 | $18.2B | $246.0M | ||
| Q3 24 | $3.8B | $240.5M | ||
| Q2 24 | $2.8B | $232.2M | ||
| Q1 24 | $2.4B | $225.4M |
| Q4 25 | $61.6B | $418.7M | ||
| Q3 25 | $73.6B | $406.4M | ||
| Q2 25 | $64.8B | $391.1M | ||
| Q1 25 | $43.9B | $390.0M | ||
| Q4 24 | $25.8B | $315.3M | ||
| Q3 24 | $8.3B | $307.4M | ||
| Q2 24 | $7.1B | $298.0M | ||
| Q1 24 | $6.4B | $286.8M |
| Q4 25 | 0.19× | 0.25× | ||
| Q3 25 | 0.16× | 0.26× | ||
| Q2 25 | 0.17× | 0.26× | ||
| Q1 25 | 0.25× | 0.28× | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.48× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $17.3M |
| Free Cash FlowOCF − Capex | — | $7.5M |
| FCF MarginFCF / Revenue | — | 12.1% |
| Capex IntensityCapex / Revenue | — | 15.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $17.3M | ||
| Q3 25 | $-8.3M | $3.3M | ||
| Q2 25 | $-34.9M | $-5.2M | ||
| Q1 25 | $-2.4M | $8.6M | ||
| Q4 24 | $-17.3M | $1.6M | ||
| Q3 24 | $-41.0M | $9.3M | ||
| Q2 24 | $-23.3M | $684.0K | ||
| Q1 24 | $28.6M | $-1.9M |
| Q4 25 | — | $7.5M | ||
| Q3 25 | $-11.1M | $-2.9M | ||
| Q2 25 | $-37.0M | $-13.8M | ||
| Q1 25 | $-5.1M | $535.0K | ||
| Q4 24 | $-17.6M | $-4.0M | ||
| Q3 24 | $-41.4M | $5.1M | ||
| Q2 24 | $-24.1M | $-4.6M | ||
| Q1 24 | $27.0M | $-3.9M |
| Q4 25 | — | 12.1% | ||
| Q3 25 | -8.6% | -5.1% | ||
| Q2 25 | -32.3% | -26.6% | ||
| Q1 25 | -4.6% | 1.1% | ||
| Q4 24 | -14.6% | -8.0% | ||
| Q3 24 | -35.7% | 11.0% | ||
| Q2 24 | -21.6% | -11.1% | ||
| Q1 24 | 23.5% | -9.4% |
| Q4 25 | — | 15.7% | ||
| Q3 25 | 2.2% | 10.8% | ||
| Q2 25 | 1.8% | 16.5% | ||
| Q1 25 | 2.5% | 17.0% | ||
| Q4 24 | 0.2% | 11.3% | ||
| Q3 24 | 0.4% | 9.0% | ||
| Q2 24 | 0.6% | 12.8% | ||
| Q1 24 | 1.3% | 4.9% |
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | 2.54× | ||
| Q2 25 | -0.00× | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSTR
Segment breakdown not available.
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
