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MicroStrategy MSTR Product licenses — Total cost of revenues

Other product segments

Subscription services
$22.47M+55.7%
Other services
$11.09M
Product support
$6.19M

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Other financials

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

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Market cap$30.53B-70.4%
Enterprise value$36.58B-67.2%
P/S63.8×+40.3×

Profitability

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Gross margin72%-3.6pp
Operating margin518.9%
Net margin1,663.1%+1,587pp
FCF margin-17.5%

Returns & leverage

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Return on equity28.2%+20.4pp
Debt / equity0.2×0.0×
Current ratio6.1×+5.4×

Where this comes from

Reported directly by MicroStrategy in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: MicroStrategy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MicroStrategy's product licenses — total cost of revenues?
MicroStrategy (MSTR) reported product licenses — total cost of revenues of $1.2M in Q1 2026.
How has MicroStrategy's product licenses — total cost of revenues changed year-over-year?
MicroStrategy's product licenses — total cost of revenues increased by 24.1% year-over-year, from $964K to $1.2M.
What is the long-term trend for MicroStrategy's product licenses — total cost of revenues?
Over 4 years (2021 to 2025), MicroStrategy's product licenses — total cost of revenues has grown at a 7.5% compound annual growth rate (CAGR), from $2.29M to $3.06M.
What does product licenses — total cost of revenues mean?
This metric captures the direct costs associated with delivering and supporting the product licenses sold within a specific segment. It typically includes expenses related to software distribution, media duplication, third-party royalties, and the direct labor costs of technical support teams dedicated to these products. Monitoring this cost helps assess the direct profitability and operational efficiency of the software licensing business model.