Income StatementBalance SheetCash FlowSegments
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MicroStrategy Income Statement

Revenue, expenses, and profitability over time

MicroStrategy generated $478.5M in trailing twelve-month revenue, up 0.0% year-over-year. Net income was -$4.0B with a -826.29% net margin. Gross margin stands at 68.93% and operating margin at -515.94%. Diluted EPS is $-13.72, which grew 0.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$476.1MGross Profit (TTM)$342.9MOperating Income (TTM)$2.5BNet Income (TTM)$7.9BEps Diluted (TTM)$4.08
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$65.7B
ROE-11.48%

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Net income applicable to common shareholders-$340.2M-$6.6B-$4.2B$10.0B$2.6B-$12.8B
Net Income Available to Common Stockholders (Diluted)——-$4.2B——-$12.8B
Net income-$340.2M-$670.8M-$4.2B$10.0B$2.8B-$12.5B

Earnings Per Share

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Basic earnings per share$-1.72$-24.08$-16.49$36.23$9.30$-38.25
Diluted earnings per share$-1.72$-20.45$-16.49$32.60$8.42$-38.25
Weighted-average shares, basic197.3M—256.5M275.2M284.4M333.9M
Weighted-average shares, diluted197.3M—256.5M306.8M315.4M333.9M

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
General and administrative$33.5M$30.0M$40.5M$36.5M$38.2M$37.4M
Research and development$33.3M$36.7M$24.4M$24.1M$22.6M$24.7M
Selling and marketing$35.4M$41.4M$27.5M$33.7M$29.9M$36.3M
Total operating expenses$514.3M$9.6B$6.0B-$14.0B-$3.8B$14.6B
Unrealized loss on digital assets——$5.9B——$14.5B

Operating Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Gross profit$81.7M$96.4M$77.1M$78.7M$90.7M$83.4M
Operating income-$432.6M-$9.5B-$5.9B$14.0B$3.9B-$14.5B

Income Before Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Income before income taxes-$478.7M-$9.5B-$5.9B$14.0B$3.9B-$14.5B

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Income tax expense-$138.5M-$2.9B-$1.7B$4.0B$1.1B-$1.9B

Cost of Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Total cost of revenue$34.3M$25.4M$34.0M$35.8M$38.0M$40.9M

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Total revenue$116.1M$121.8M$111.1M$114.5M$128.7M$124.3M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Dividends on preferred shares$0.0-$59.8M$10.6M$49.1M$139.9M$229.5M
Other income, net (Note 6)-$5.0M$20.7M-$3.9M-$8.3M-$716.0K$3.1M

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q1 '26
Interest Income (Expense), Nonoperating-$18.1M-$8.8M-$17.1M-$17.9M-$18.9M$1.8M