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MicroStrategy MSTR Product support — Total revenues

Other product segments

Subscription services
$58.88M+58.7%
Other services
$15.73M
Product licenses
$5.5M-24.3%

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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$38.43B-66.2%
Enterprise value$44.48B-40.9%
P/S78.5×-66.8×

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

Reported directly by MicroStrategy in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 licenses$5,501$7,270
Subscription services58,87937,103
Total product licenses and subscription services64,38044,373
Product support44,19052,529
Other services15,73014,164
Total revenues124,300111,066
Cost of revenues:
Product licenses1,196964

Item 1. Financial Statements (unaudited)

FAQ

What is MicroStrategy's product support — total revenues?
MicroStrategy (MSTR) reported product support — total revenues of $44.19M in Q1 2026.
How has MicroStrategy's product support — total revenues changed year-over-year?
MicroStrategy's product support — total revenues decreased by 15.9% year-over-year, from $52.53M to $44.19M.
What does product support — total revenues mean?
This metric represents the total revenue generated from providing ongoing technical support, maintenance, and software updates to customers who have purchased software licenses. It reflects the recurring nature of the business model by capturing the value customers place on keeping their software current and operational. This stream is a critical indicator of the installed base's health and long-term customer retention.

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