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MicroStrategy MSTR Subscription services — Total cost of revenues

Other product segments

Other services
$11.09M
Product support
$6.19M
Product licenses
$1.2M+24.1%

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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 subscription services — total cost of revenues?
MicroStrategy (MSTR) reported subscription services — total cost of revenues of $22.47M in Q1 2026.
How has MicroStrategy's subscription services — total cost of revenues changed year-over-year?
MicroStrategy's subscription services — total cost of revenues increased by 55.7% year-over-year, from $14.43M to $22.47M.
What is the long-term trend for MicroStrategy's subscription services — total cost of revenues?
Over 4 years (2021 to 2025), MicroStrategy's subscription services — total cost of revenues has grown at a 30.1% compound annual growth rate (CAGR), from $14.83M to $42.44M.
What does subscription services — total cost of revenues mean?
This metric captures the direct costs associated with delivering subscription services, including cloud hosting fees, customer support personnel, and third-party software licensing costs. It is used to calculate the gross margin specifically for the subscription segment, providing insight into the scalability and operational efficiency of the service delivery model. Monitoring this helps determine how effectively the company manages its infrastructure and support overhead as it scales its user base.