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MicroStrategy MSTR Business Segments — Technology Expense

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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-66.1%
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 mstr:TechnologyExpense.

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
(in thousands)Software BusinessCorporate & Other (6)Total Consolidated
Maintenance(6,141)(6,141)
Consulting(11,282)(11,282)
Cloud(22,552)(22,552)
Technology(23,059)(23,059)
Corporate resources(15,813)(9,693)(25,506)
Non-Controllable
Unrealized loss on digital assets(14,455,479)(14,455,479)
Digital asset custody fees(3,908)(3,908)

Item 1. Financial Statements (unaudited)

FAQ

What is MicroStrategy's business segments — technology expense?
MicroStrategy (MSTR) reported business segments — technology expense of $23.06M in Q1 2026.
How has MicroStrategy's business segments — technology expense changed year-over-year?
MicroStrategy's business segments — technology expense decreased by 6.7% year-over-year, from $24.7M to $23.06M.
What does business segments — technology expense mean?
This metric tracks the research, development, and engineering costs dedicated to the software business segment. It reflects the investment in product innovation, feature development, and technical maintenance.

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