What is MicroStrategy's operating income?

MicroStrategy (MSTR) reported operating income of -$14.47B in Q1 2026.

How has MicroStrategy's operating income changed year-over-year?

MicroStrategy's operating income decreased by 144.4% year-over-year, from -$5.92B to -$14.47B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

MicroStrategy MSTR Operating Income

Operating Income at other companies

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$2.35B+20.9%

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$6.13B+20.0%

Sharplink, Inc. SBET

-$684.58M-73,829%

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$2.81B+65.7%

Coinbase Global, Inc.COIN

-$21.42M-103%

ElasticESTC

-$16.41M-36.5%

Other financials

Income statement

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Revenue$124.3M+11.9%

Gross profit$83.4M+8.1%

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:OperatingIncomeLoss.

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 operating income?: MicroStrategy (MSTR) reported operating income of -$14.47B in Q1 2026.
How has MicroStrategy's operating income changed year-over-year?: MicroStrategy's operating income decreased by 144.4% year-over-year, from -$5.92B to -$14.47B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.