MICROSTRATEGY Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
MSTR$125.59-2.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
CONSOLIDATED STATEM ENTS OF OPERATIONS
(in thousands, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Product licenses | $75,351 | $86,498 | $101,804 |
| Subscription services | 81,179 | 60,746 | 43,069 |
| Total product licenses and subscription services | 156,530 | 147,244 | 144,873 |
| Product support | 263,888 | 266,521 | 281,209 |
| Other services | 75,843 | 85,499 | 84,680 |
| Total revenues | 496,261 | 499,264 | 510,762 |
| Cost of revenues: | |||
| Product licenses | 1,929 | 1,672 | 1,721 |
| Subscription services | 31,776 | 24,770 | 16,901 |
| Total product licenses and subscription services | 33,705 | 26,442 | 18,622 |
| Product support | 22,434 | 21,264 | 19,254 |
| Other services | 53,805 | 55,283 | 54,033 |
| Total cost of revenues | 109,944 | 102,989 | 91,909 |
| Gross profit | 386,317 | 396,275 | 418,853 |
| Operating expenses: | |||
| Sales and marketing | 149,671 | 146,882 | 160,141 |
| Research and development | 120,530 | 127,428 | 117,117 |
| General and administrative | 115,312 | 111,421 | 95,501 |
| Digital asset impairment losses (gains on sale), net | 115,851 | 1,286,286 | 830,621 |
| Total operating expenses | 501,364 | 1,672,017 | 1,203,380 |
| Loss from operations | (115,047) | (1,275,742) | (784,527) |
| Interest expense, net | (48,960) | (53,136) | (29,149) |
| Gain on debt extinguishment | 44,686 | 0 | 0 |
| Other (expense) income, net | (5,204) | 6,413 | 2,287 |
| Loss before income taxes | (124,525) | (1,322,465) | (811,389) |
| (Benefit from) provision for income taxes | (553,646) | 147,332 | (275,909) |
| Net income (loss) | 429,121 | (1,469,797) | (535,480) |
| Basic earnings (loss) per share (1) | $31.39 | $(129.83) | $(53.44) |
| Weighted average shares outstanding used in computing basic earnings (loss) per share | 13,671 | 11,321 | 10,020 |
| Diluted earnings (loss) per share (1) | $26.42 | $(129.83) | $(53.44) |
| Weighted average shares outstanding used in computing diluted earnings (loss) per share | 16,566 | 11,321 | 10,020 |
(1)Basic and fully diluted earnings (loss) per share for class A and class B common stock are the same.
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