• MicroStrategy average return on tangible equity for 2023 was -0.28, a 100.5% decline from 2022.
• MicroStrategy average return on tangible equity for 2022 was 56.43, a 74.71% decline from 2021.
• MicroStrategy average return on tangible equity for 2021 was 32.3, a 1515% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.