What is MicroStrategy's unrealized loss on digital assets?

MicroStrategy (MSTR) reported unrealized loss on digital assets of $14.46B in Q1 2026.

How has MicroStrategy's unrealized loss on digital assets changed year-over-year?

MicroStrategy's unrealized loss on digital assets increased by 144.8% year-over-year, from $5.91B to $14.46B.

What does unrealized loss on digital assets mean?

This metric captures the non-cash accounting losses resulting from the downward price fluctuations of digital assets held on the balance sheet. It reflects the volatility inherent in holding volatile assets as part of a corporate treasury or investment strategy.

MicroStrategy MSTR Unrealized loss on digital assets

Unrealized loss on digital assets at other companies

Alliance Resource PartnersARLP

-$1.09M-119%

Marathon Digital HoldingsMARA

-$714.68M-81.3%

KEE

Keel Infrastructure Corp. Common StockKEEL

-$1.81M-136%

Marathon Digital HoldingsMARA

-$1.02B-99.6%

Asset EntitiesASST

-$295.78M—

Core Scientific, Inc.CORZ

-$6.56M+38.6%

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$33.68B-70.4%

Enterprise value$39.73B-67.2%

P/S70.4×+44.4×

Profitability

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Gross margin72%-3.6pp

Operating margin518.9%—

Net margin1,663.1%+1,587pp

FCF margin-17.5%—

Returns & leverage

See full

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:CryptoAssetUnrealizedLossOperating.

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 unrealized loss on digital assets?: MicroStrategy (MSTR) reported unrealized loss on digital assets of $14.46B in Q1 2026.
How has MicroStrategy's unrealized loss on digital assets changed year-over-year?: MicroStrategy's unrealized loss on digital assets increased by 144.8% year-over-year, from $5.91B to $14.46B.
What does unrealized loss on digital assets mean?: This metric captures the non-cash accounting losses resulting from the downward price fluctuations of digital assets held on the balance sheet. It reflects the volatility inherent in holding volatile assets as part of a corporate treasury or investment strategy.