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MicroStrategy

MSTR

Strategy Inc is a dual-strategy firm that operates as the world's largest Bitcoin Treasury Company while maintaining a leading enterprise analytics software business.

Market cap
$33.58B-70.2%
Revenue$478.5M+3.0%
Net income-$4.0B-239%
Free cash flow-$83.7M-191%
EPS (diluted)-$13.72+40.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$121.9M
EPS estimate$0.79

Financials

Q3 2026

Income statement

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Revenue$124.3M+11.9%
Gross profit$83.4M+8.1%
Operating income-$14.5B-144%
Net income-$12.5B-197%
EPS (diluted)-$38.25-132%

Balance sheet

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Cash & equivalents$2.2B+3,561%
Total debt$8.3B+0.8%
Total equity$36.7B+13.7%
Total assets$54.3B+23.6%

Cash flow

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Operating cash flow$14.0M+686%
CapEx$952.0K-65.2%
Free cash flow$13.0M+354%

Valuation & ratios

Valuation

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Market cap$33.58B-70.2%
Enterprise value$39.63B-40.9%
P/S70.2×

Returns & leverage

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Debt / equity0.2×0.0×
Current ratio6.1×+5.4×

Segments

By product

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Subscription services$58.9M+58.7%
Product support$44.2M
Other services$15.7M
Product licenses$5.5M-24.3%

By geography

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EMEA$44.2M+16.7%
Other Regions$10.8M+11.2%

By segment

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Software Business$124.3M+11.9%

Competitors

Profile

Strategy Inc is a dual-strategy firm that operates as the world's largest Bitcoin Treasury Company while maintaining a leading enterprise analytics software business. The company focuses on accumulating bitcoin as a primary treasury reserve asset through innovative capital markets strategies and providing AI-powered business intelligence solutions to global enterprises.

Competitive position

The company is the world's largest corporate holder of bitcoin and a pioneer in AI-driven enterprise analytics with a specialized FedRAMP-authorized cloud offering.

GeographiesGlobal, North America, Europe
Customer segmentsEnterprise, Public Sector, Capital Markets
Business modelSubscription SaaS, Asset Management, B2B, B2G
SuppliersBitcoin Miners, Cloud Infrastructure Providers (AWS, Azure, GCP), Bitcoin Custodians, Open-source Software Developers
CustomersFortune 500 Companies, U.S. Federal Government Agencies, Institutional Digital Asset Investors, Value Added Resellers (VARs)
Listed1998
Employees1.9K
CEOPhong Le
FilingsSEC EDGAR

Questions, answered.

What is MicroStrategy's market cap?
MicroStrategy (MSTR) has a market capitalization of $33.6B and trades on NASDAQ.
What is MicroStrategy's revenue and profitability?
MicroStrategy generated $478.5M in trailing twelve-month revenue with a net loss of $4.0B, representing a net margin of 1663.1%. Gross margin stands at 72.0%, with free cash flow of -$83.7M. These figures are based on the Q1 2026 filing.
Who are MicroStrategy's competitors?
MicroStrategy's key competitors include IBM, Salesforce, Oracle, and others. These companies compete in similar markets and product categories.
Who does MicroStrategy partner with?
MicroStrategy's notable partners include Coinbase Custody Trust Company, LLC, Anchorage Digital Bank N.A., Fidelity Digital Assets, and others.
Where is MicroStrategy headquartered?
MicroStrategy is headquartered in United States of America and employs approximately 1,851 people. It has been publicly traded since 1998.