Strategy Quarterly Income Statement
NASDAQ: MSTRTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Strategy revenue and earnings
In the quarter ended Jun 30, 2026, Strategy generated $122.4 million in revenue, up 6.9% from the same quarter a year earlier. Strategy reported a net loss of $8.22 billion, compared with net income of $10.02 billion a year earlier. Gross margin was 66.6% (down from 68.8%) and operating margin -6808.1%.
Diluted earnings per share came in at -$24.45, down from $32.60.
Summary generated from market data by MetaCap's automated system. Methodology
Strategy income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.37M | 124.30M | 122.99M | 128.69M | 114.49M | 111.07M | 120.70M | 116.07M | 111.44M | 115.25M | 124.48M | 129.46M |
| Revenue growth (YoY) | +6.88% | +11.92% | +1.90% | +10.87% | +2.73% | -3.63% | -3.04% | -10.34% | -7.44% | -5.47% | -6.09% | +3.27% |
| Cost of Revenue | 40.82M | 40.95M | 41.68M | 38.01M | 35.75M | 33.97M | 34.17M | 34.35M | 30.93M | 30.02M | 28.22M | 26.66M |
| Gross Profit | 81.55M | 83.35M | 81.31M | 90.68M | 78.74M | 77.09M | 86.53M | 81.72M | 80.51M | 85.23M | 96.26M | 102.80M |
| Operating Expenses | 8.41B | 14.55B | 17.53B | -3.80B | -13.95B | 6.00B | 1.10B | 514.30M | 280.78M | 288.93M | 139.05M | 128.05M |
| Research & Development | 23.10M | 24.66M | 22.76M | 22.60M | 24.07M | 24.42M | 25.69M | 33.30M | 30.31M | 29.18M | 30.16M | 29.66M |
| Selling, General & Admin | 74.04M | 73.63M | 68.51M | 68.08M | 70.19M | 68.08M | 71.20M | 68.92M | 70.38M | 68.12M | 69.65M | 64.83M |
| Operating Income | -8.33B | -14.47B | -17.45B | 3.89B | 14.03B | -5.92B | -1.02B | -432.58M | -200.27M | -203.70M | -42.78M | -25.25M |
| Interest Expense | 15.62M | — | — | — | 17.98M | — | — | — | — | — | — | — |
| Other Income (Expense) | 214.00K | 3.12M | -3.68M | -716.00K | -8.27M | -3.94M | 6.15M | -5.03M | 694.00K | 1.70M | -5.93M | 2.42M |
| Pretax Income | -8.22B | -14.47B | -17.46B | 3.87B | 14.01B | -5.94B | -1.03B | -478.68M | -215.05M | -213.89M | -60.64M | -33.83M |
| Income Tax | 1.56M | -1.92B | -5.02B | 1.09B | 3.98B | -1.73B | -355.93M | -138.50M | -112.49M | -160.77M | -149.77M | 109.61M |
| Net Income | -8.22B | -12.54B | -12.44B | 2.79B | 10.02B | -4.22B | -670.81M | -340.17M | -102.56M | -53.12M | 89.13M | -143.44M |
| Net Income growth (YoY) | -182.03% | — | — | — | — | — | -852.65% | — | -561.08% | -111.52% | — | — |
| EPS (Basic) | -24.45 | -38.25 | -44.27 | 9.30 | 36.23 | -16.49 | -3.46 | -1.72 | -0.57 | -0.31 | -36.50 | -1.01 |
| EPS (Diluted) | -24.45 | -38.25 | -39.76 | 8.42 | 32.60 | -16.49 | -3.46 | -1.72 | -0.57 | -0.31 | -29.66 | -1.01 |
| Shares Outstanding (Basic) | 352.53M | 333.91M | — | 284.38M | 275.24M | 256.47M | — | 197.27M | 178.61M | 171.94M | — | 142.21M |
| Shares Outstanding (Diluted) | 352.53M | 333.91M | — | 315.39M | 306.76M | 256.47M | — | 197.27M | 178.61M | 171.94M | — | 142.21M |
| EBITDA | -8.32B | -14.46B | -17.44B | 3.90B | 14.04B | -5.91B | -1.01B | -426.60M | -196.62M | -200.65M | -37.66M | -22.50M |
| Gross Margin | 66.64% | 67.06% | 66.11% | 70.46% | 68.77% | 69.41% | 71.69% | 70.41% | 72.24% | 73.96% | 77.33% | 79.41% |
| Operating Margin | -6808.11% | -11641.53% | -14184.97% | 3023.40% | 12256.30% | -5331.44% | -842.13% | -372.69% | -179.71% | -176.75% | -34.37% | -19.50% |
| Net Margin | -6717.14% | -10090.64% | -10112.09% | 2164.12% | 8752.75% | -3797.17% | -555.78% | -293.07% | -92.03% | -46.09% | 71.60% | -110.80% |
This table shows 12 quarterly periods of Strategy's income statement, from Q2 2026 back to Q3 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MSTR's reporting calendar. What is a income statement?