Deferred Revenue
MicroStrategy Deferred Revenue decreased by 15.0% to $231.22M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.2%, from $215.69M to $231.22M. Over 4 years (FY 2021 to FY 2025), Deferred Revenue shows an upward trend with a 4.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $182.82M | $160.70M | $209.86M | $206.22M | $188.10M | $165.93M | $217.43M | $211.77M | $195.82M | $179.17M | $228.16M | $215.96M | $204.84M | $184.40M | $237.97M | $215.69M | $214.25M | $200.64M | $272.12M | $231.22M |
| QoQ Change | — | -12.1% | +30.6% | -1.7% | -8.8% | -11.8% | +31.0% | -2.6% | -7.5% | -8.5% | +27.3% | -5.4% | -5.1% | -10.0% | +29.1% | -9.4% | -0.7% | -6.4% | +35.6% | -15.0% |
| YoY Change | — | — | — | — | +2.9% | +3.3% | +3.6% | +2.7% | +4.1% | +8.0% | +4.9% | +2.0% | +4.6% | +2.9% | +4.3% | -0.1% | +4.6% | +8.8% | +14.3% | +7.2% |
Product Breakdown
| Segment | Q4 '24 | Q4 '25 |
|---|---|---|
| Subscription services | $107.12M | $165.97M |
| Product support | $124.68M | $98.61M |
| Other services | $4.39M | $4.49M |
| Product licenses | $1.78M | $3.05M |
| Total | $237.97M | $272.12M |
Other services, Product licenses, Product support, Subscription services were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is MicroStrategy's deferred revenue?
- MicroStrategy (MSTR) reported deferred revenue of $231.22M in Q1 2026.
- How has MicroStrategy's deferred revenue changed year-over-year?
- MicroStrategy's deferred revenue increased by 7.2% year-over-year, from $215.69M to $231.22M.
- What is the long-term trend for MicroStrategy's deferred revenue?
- Over 4 years (2021 to 2025), MicroStrategy's deferred revenue has grown at a 4.0% compound annual growth rate (CAGR), from $182.82M to $214.25M.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.