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Side-by-side financial comparison of Strategy Inc (MSTR) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $123.0M, roughly 1.8× Strategy Inc).

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...

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

MSTR vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.8× larger
PXED
$222.5M
$123.0M
MSTR

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
MSTR
MSTR
PXED
PXED
Revenue
$123.0M
$222.5M
Net Profit
$10.8M
Gross Margin
66.1%
Operating Margin
6.3%
Net Margin
4.8%
Revenue YoY
1.9%
Net Profit YoY
EPS (diluted)
$0.28

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.

Revenue
MSTR
MSTR
PXED
PXED
Q1 26
$222.5M
Q4 25
$123.0M
$262.0M
Q3 25
$128.7M
Q2 25
$114.5M
Q1 25
$111.1M
Q4 24
$120.7M
Q3 24
$116.1M
Q2 24
$111.4M
Net Profit
MSTR
MSTR
PXED
PXED
Q1 26
$10.8M
Q4 25
$15.5M
Q3 25
$2.8B
Q2 25
$10.0B
Q1 25
$-4.2B
Q4 24
$-670.8M
Q3 24
$-340.2M
Q2 24
$-102.6M
Gross Margin
MSTR
MSTR
PXED
PXED
Q1 26
Q4 25
66.1%
Q3 25
70.5%
Q2 25
68.8%
Q1 25
69.4%
Q4 24
71.7%
Q3 24
70.4%
Q2 24
72.2%
Operating Margin
MSTR
MSTR
PXED
PXED
Q1 26
6.3%
Q4 25
9.8%
Q3 25
Q2 25
Q1 25
-5331.4%
Q4 24
-842.1%
Q3 24
-372.7%
Q2 24
-179.7%
Net Margin
MSTR
MSTR
PXED
PXED
Q1 26
4.8%
Q4 25
5.9%
Q3 25
2164.1%
Q2 25
8752.7%
Q1 25
-3797.2%
Q4 24
-555.8%
Q3 24
-293.1%
Q2 24
-92.0%
EPS (diluted)
MSTR
MSTR
PXED
PXED
Q1 26
$0.28
Q4 25
$0.40
Q3 25
$8.42
Q2 25
$32.60
Q1 25
$-16.49
Q4 24
$4.49
Q3 24
$-1.72
Q2 24
$-0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MSTR
MSTR
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$2.3B
$201.4M
Total DebtLower is stronger
$8.2B
$58.8M
Stockholders' EquityBook value
$44.1B
$291.1M
Total Assets
$61.6B
$546.4M
Debt / EquityLower = less leverage
0.19×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSTR
MSTR
PXED
PXED
Q1 26
$201.4M
Q4 25
$2.3B
$163.5M
Q3 25
$54.3M
Q2 25
$50.1M
Q1 25
$60.3M
Q4 24
$38.1M
Q3 24
$46.3M
Q2 24
$66.9M
Total Debt
MSTR
MSTR
PXED
PXED
Q1 26
$58.8M
Q4 25
$8.2B
$61.6M
Q3 25
$8.2B
Q2 25
$8.2B
Q1 25
$8.1B
Q4 24
$7.2B
Q3 24
$4.2B
Q2 24
$3.8B
Stockholders' Equity
MSTR
MSTR
PXED
PXED
Q1 26
$291.1M
Q4 25
$44.1B
$280.4M
Q3 25
$52.3B
Q2 25
$47.5B
Q1 25
$32.2B
Q4 24
$18.2B
Q3 24
$3.8B
Q2 24
$2.8B
Total Assets
MSTR
MSTR
PXED
PXED
Q1 26
$546.4M
Q4 25
$61.6B
$549.6M
Q3 25
$73.6B
Q2 25
$64.8B
Q1 25
$43.9B
Q4 24
$25.8B
Q3 24
$8.3B
Q2 24
$7.1B
Debt / Equity
MSTR
MSTR
PXED
PXED
Q1 26
0.20×
Q4 25
0.19×
0.22×
Q3 25
0.16×
Q2 25
0.17×
Q1 25
0.25×
Q4 24
0.39×
Q3 24
1.12×
Q2 24
1.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSTR
MSTR
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSTR
MSTR
PXED
PXED
Q1 26
$48.9M
Q4 25
$31.1M
Q3 25
$-8.3M
Q2 25
$-34.9M
Q1 25
$-2.4M
Q4 24
$-17.3M
Q3 24
$-41.0M
Q2 24
$-23.3M
Free Cash Flow
MSTR
MSTR
PXED
PXED
Q1 26
$43.5M
Q4 25
$26.4M
Q3 25
$-11.1M
Q2 25
$-37.0M
Q1 25
$-5.1M
Q4 24
$-17.6M
Q3 24
$-41.4M
Q2 24
$-24.1M
FCF Margin
MSTR
MSTR
PXED
PXED
Q1 26
19.6%
Q4 25
10.1%
Q3 25
-8.6%
Q2 25
-32.3%
Q1 25
-4.6%
Q4 24
-14.6%
Q3 24
-35.7%
Q2 24
-21.6%
Capex Intensity
MSTR
MSTR
PXED
PXED
Q1 26
2.4%
Q4 25
1.8%
Q3 25
2.2%
Q2 25
1.8%
Q1 25
2.5%
Q4 24
0.2%
Q3 24
0.4%
Q2 24
0.6%
Cash Conversion
MSTR
MSTR
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
-0.00×
Q2 25
-0.00×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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