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Strategy Inc (MSTR)
NASDAQ: MSTR · Real-Time Price · USD
133.95
-7.67 (-5.42%)
Oct 30, 2026, 12:46 PM EDT - Market open

Strategy Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
125.43122.37124.3122.99128.69114.49111.07120.7116.07111.44115.25124.48129.46120.4121.92132.55125.36122.07119.28134.52
Revenue Growth (YoY)
-2.54%6.88%11.92%1.90%10.87%2.73%-3.63%-3.04%-10.34%-7.44%-5.47%-6.09%3.27%-1.37%2.21%-1.46%-2.06%-2.61%-2.95%2.43%
Cost of Revenue
35.7940.8240.9541.6838.0135.7533.9734.1734.3530.9430.0228.2226.6627.1227.9426.7225.3925.225.6824
Gross Profit
89.6381.5583.3581.3190.6878.7477.186.5381.7280.5185.2396.26102.893.2893.97105.8399.9896.8793.6110.51
Selling, General & Admin
68.1774.0473.6368.5168.0870.1968.0871.268.9270.3868.1269.6564.8365.2964.0170.362.6965.3659.9570.52
Research & Development
24.0623.124.6722.7622.624.0724.4225.6933.330.3129.1830.1629.6629.3531.3631.6230.531.7933.5230.88
Other Operating Expenses
-20,9128,31514,4555,403--14,0485,9061,006412.08180.09191.6339.2433.5624.1418.91197.630.73917.84170.09146.59
Operating Expenses
-20,8208,41314,5545,49590.68-13,9535,9991,103514.3280.78288.93139.05128.05118.79114.28299.5593.921,015263.56247.98
Operating Income
20,910-8,331-14,470-5,413-0.0114,032-5,921-1,016-432.58-200.27-203.7-42.79-25.25-25.51-20.31-193.726.06-918.12-169.96-137.47
Interest Expense
-15.38-14.67-15.07-11.08-18.89-17.9-17.11-16.47-18.42-15.84-11.93-11.93-11.06-11.1-14.93-14.84-14.07-13.19-11.04-11.63
Interest & Investment Income
47.0513.4216.9-----0.290.370.05-0.05-------
Currency Exchange Gain (Loss)
-0.213.12-3.88-0.72-8.27-3.945.54-5.030.691.7-6.332.42-0.25-1.44-6.044.95.122.230.87
Other Non Operating Income (Expenses)
0.82--0.2---0.61---0.4---0.21----0.21
EBT Excluding Unusual Items
20,942-8,332-14,465-5,428-19.6114,006-5,942-1,027-455.75-215.05-213.89-60.64-33.83-36.85-36.68-214.38-3.12-926.19-178.77-148.44
Gain (Loss) on Sale of Assets
----12,0323,891---------------
Legal Settlements
--------------1.2------
Other Unusual Items
-113.92-------22.93-----44.69-----
Pretax Income
20,942-8,218-14,465-17,4613,87114,006-5,942-1,027-478.68-215.05-213.89-60.64-33.83-38.058.01-214.38-3.12-926.19-178.77-148.44
Income Tax Expense
1,4091.56-1,923-5,0241,0863,985-1,725-355.93-138.5-112.49-160.77-149.77109.61-60.3-453.1935.2923.96136.11-48.02-58.46
Net Income
19,533-8,220-12,543-12,4372,78510,021-4,217-670.81-340.17-102.56-53.1289.13-143.4422.24461.19-249.67-27.08-1,062-130.75-89.98
Preferred Dividends & Other Adjustments
419.56400.66229.53183.33139.949.119.24-------------
Net Income to Common
19,113-8,620-12,772-12,6202,6459,972-4,227-670.81-340.17-102.56-53.1289.13-143.4422.24461.19-249.67-27.08-1,062-130.75-89.98
Net Income Growth (YoY)
622.59%-------------------
Shares Outstanding (Basic)
400353334294284275257222197179172153142132118114113113113107
Shares Outstanding (Diluted)
428353334294315307257222197179172184142161146114113113113107
Shares Change (YoY)
35.72%14.92%30.14%32.67%59.88%71.75%49.22%20.60%38.72%10.97%17.97%61.39%25.76%42.43%29.11%6.55%13.09%15.95%17.02%8.50%
EPS (Basic)
47.77-24.45-38.25-42.939.3036.23-16.47-3.03-1.72-0.57-0.310.58-1.010.173.90-2.19-0.24-9.40-1.16-0.84
EPS (Diluted)
44.75-24.45-38.25-43.038.4232.60-16.47-3.03-1.72-0.57-0.310.50-1.010.153.18-2.19-0.24-9.40-1.16-0.84
EPS Growth (YoY)
431.43%-------------------

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
--5.9113.04-32.21-16.11-53.01-11.13-28.11-41.39-24.0527.040.84-8.85-19.1136.9-18.83-1.79-21.743.042.42
Free Cash Flow Per Share
--0.020.04-0.11-0.05-0.17-0.04-0.13-0.21-0.140.160.01-0.06-0.120.25-0.17-0.02-0.190.380.02
Gross Margin
71.46%66.64%67.06%66.11%70.46%68.77%69.41%71.69%70.41%72.24%73.96%77.33%79.41%77.47%77.08%79.84%79.75%79.35%78.47%82.16%
Operating Margin
16670.89%-6808.11%-11641.53%-4401.61%-0.00%12256.30%-5331.43%-842.13%-372.69%-179.71%-176.75%-34.37%-19.50%-21.19%-16.66%-146.14%4.83%-752.11%-142.49%-102.19%
Profit Margin
15238.68%-7044.56%-10275.30%-10261.15%2055.41%8709.85%-3805.49%-555.78%-293.07%-92.03%-46.09%71.60%-110.80%18.47%378.29%-188.35%-21.60%-870.21%-109.62%-66.89%
Free Cash Flow Margin
--4.83%10.49%-26.19%-12.52%-46.30%-10.02%-23.29%-35.66%-21.58%23.46%0.67%-6.84%-15.87%30.26%-14.21%-1.43%-17.77%36.09%1.80%
EBITDA
20,910-8,329-14,462-5,4134.1914,041-5,915-1,015-426.6-196.62-200.65-41.18-22.5-22.28-16.88-189.768.21-916.05-167.27-134.75
EBITDA Margin
16671.07%---3.26%12264.26%----176.44%-174.11%-33.08%-17.38%-18.50%-13.84%-143.16%6.55%--140.24%-100.17%
D&A For EBITDA
0.231.628.790.234.29.126.581.385.983.653.051.612.743.233.433.962.152.082.692.72
EBIT
20,910-8,331-14,470-5,413-0.0114,032-5,921-1,016-432.58-200.27-203.7-42.79-25.25-25.51-20.31-193.726.06-918.12-169.96-137.47
EBIT Margin
16670.89%----0.00%12256.30%----179.71%-176.75%-34.37%-19.50%-21.19%-16.66%-146.14%4.83%--142.49%-102.19%
Effective Tax Rate
6.73%---28.06%28.45%--------------
Revenue as Reported
125.43122.37124.3122.99128.69114.49111.07120.7116.07111.44115.25124.48129.46120.4121.92132.55125.36122.07119.28134.52
SEC Filings: 10-K · 10-Q