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MicroStrategy MSTR Gross Profit

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Other financials

Income statement

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Revenue$124.3M+11.9%
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

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Market cap$38.33B-66.2%
Enterprise value$44.38B-40.9%
P/S78.3×-66.7×

Profitability

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Gross margin72%-3.6pp
Operating margin518.9%
Net margin-1,624.3%+1,096pp
FCF margin-17.1%

Returns & leverage

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Return on equity-23.1%-4.6pp
Debt / equity0.2×0.0×
Current ratio6.1×+5.4×

Where this comes from

Calculated from MicroStrategy’s reported figures.

The source filing: MicroStrategy’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:06 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001050446-26-000031
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Product support6,1877,354
Other services11,09211,224
Total cost of revenues40,94633,971
Gross profit83,35477,095
Operating expenses:
Sales and marketing36,27227,532
Research and development24,66524,423
General and administrative37,35740,547

Item 1. Financial Statements (unaudited)

FAQ

What is MicroStrategy's gross profit?
MicroStrategy (MSTR) reported gross profit of $83.35M in Q1 2026.
How has MicroStrategy's gross profit changed year-over-year?
MicroStrategy's gross profit increased by 8.1% year-over-year, from $77.1M to $83.35M.
What is the long-term trend for MicroStrategy's gross profit?
Over 3 years (2022 to 2025), MicroStrategy's gross profit has grown at a -7.3% compound annual growth rate (CAGR), from $418.85M to $333.99M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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