Income StatementBalance SheetCash FlowSegments
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MicroStrategy Business Segments

Business, geographic, and product segment breakdowns

MicroStrategy generates $478.5M in annual revenue across 4 key segments: Other services ($53.8M), License ($2.9M), Product support ($22.4M), and Subscription And Circulation ($50.6M). The company-wide operating margin is -515.94%. Based on the Q1 2026 filing.

Other services (TTM)$53.8MLicense (TTM)$2.9MProduct support (TTM)$22.4MSubscription And Circulation (TTM)$50.6MProduct Licenses And Subscription Services (TTM)$53.5M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$65.7B
ROE-11.48%

Products & Services

Total cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Licenses And Subscription Services$809.0K$15.4M$17.1M$20.2M—$23.7M
Subscription And Circulation$651.0K$14.4M$15.9M$19.6M—$22.5M
Other services—$11.2M———$11.1M
Product support—$7.4M———$6.2M
License$158.0K$964.0K$1.2M$632.0K—$1.2M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product Licenses And Subscription Services$24.1M$44.4M$48.0M$63.3M—$64.4M
Subscription And Circulation$1.0M$37.1M$40.8M$46.0M—$58.9M
Product support—$52.5M———$44.2M
Other services—$14.2M———$15.7M
License$23.0M$7.3M$7.2M$17.4M—$5.5M

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Regions$7.6M$7.8M$7.9M$7.4M$6.9M$6.7M
EMEA$3.6M$3.5M$3.5M$3.1M$2.9M$2.6M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$39.6M$37.9M$39.4M$42.3M—$44.2M
Other Regions$15.3M$9.7M$9.7M$11.9M—$10.8M

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Benefit from income taxes-$158.4M-$22.4M-$39.9M-$19.7M—$494.8M
Net loss$143.7M$18.1M$30.4M$34.2M—-$489.4M
Total Assets$743.2M$373.7M$410.6M$413.3M$537.1M$476.1M
Total revenues$121.8M$111.1M$114.5M$128.7M—$124.3M
Selling And Marketing Expense, Adjusted—$23.6M———$31.3M
Technology Expense-$28.8M-$24.7M-$21.6M-$20.9M—$23.1M
Cloud Expense-$581.0K-$14.6M-$16.0M-$19.2M—$22.6M
Corporate Resources Expense-$29.5M-$18.7M-$16.4M-$18.2M—$15.8M
Consulting Expense-$18.0M-$11.6M-$12.1M-$11.1M—$11.3M
Share-based compensation expense recognized-$117.7M$8.7M$12.5M$10.8M—$9.3M
Maintenance Expense-$7.5M-$6.8M-$7.0M-$7.0M—$6.1M
Segment Reporting, Other Segment Item, Amount—$4.7M———-$902.0K
Payroll Taxes on Equity Award Exercises and Vesting-$8.6M-$2.0M-$2.6M-$765.0K—$460.0K
Interest income (expense), net-$174.0K$98.0K$76.0K$109.0K—$92.0K
Custody Fees$0.0$0.0$0.0$0.0—$0.0
Unrealized loss on digital assets—$0.0———$0.0