Strategy Inc
For the period ended Oct 26, 2026. Filed Oct 29, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 26, 2026 · Filed Oct 29, 2026
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MSTR$128.93-0.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |
| Revenues: | ||||
| Product licenses | $3,829 | $17,373 | $12,997 | $31,820 |
| Subscription services | 68,590 | 45,972 | 190,327 | 123,899 |
| Total product licenses and subscription services | 72,419 | 63,345 | 203,324 | 155,719 |
| Product support | 37,681 | 51,118 | 122,116 | 155,728 |
| Other services | 15,327 | 14,228 | 46,655 | 42,798 |
| Total revenues | 125,427 | 128,691 | 372,095 | 354,245 |
| Cost of revenues: | ||||
| Product licenses | 1,142 | 632 | 3,585 | 2,765 |
| Subscription services | 19,220 | 19,594 | 64,434 | 49,929 |
| Total product licenses and subscription services | 20,362 | 20,226 | 68,019 | 52,694 |
| Product support | 5,275 | 7,157 | 17,096 | 21,802 |
| Other services | 10,156 | 10,630 | 32,442 | 33,238 |
| Total cost of revenues | 35,793 | 38,013 | 117,557 | 107,734 |
| Gross profit | 89,634 | 90,678 | 254,538 | 246,511 |
| Operating expenses: | ||||
| Sales and marketing | 32,268 | 29,908 | 102,659 | 91,131 |
| Research and development | 24,061 | 22,602 | 71,825 | 71,096 |
| General and administrative | 35,905 | 38,173 | 113,179 | 115,220 |
| (Gain) loss on digital assets | (20,912,392) | (3,890,847) | 1,858,452 | (12,032,356) |
| Total operating (income) expenses | (20,820,158) | (3,800,164) | 2,146,115 | (11,754,909) |
| Income (loss) from operations | 20,909,792 | 3,890,842 | (1,891,577) | 12,001,420 |
| Interest income | 47,050 | 121 | 79,527 | 313 |
| Interest expense | (15,380) | (19,011) | (47,283) | (54,206) |
| Gain on debt extinguishment | — | — | 113,916 | — |
| Other income (expense), net | 821 | (716) | 4,151 | (12,923) |
| Income (loss) before income taxes | 20,942,283 | 3,871,236 | (1,741,266) | 11,934,604 |
| Provision for (benefit from) income taxes | 1,409,311 | 1,086,212 | (511,940) | 3,346,104 |
| Net income (loss) | 19,532,972 | 2,785,024 | (1,229,326) | 8,588,500 |
| Dividends on preferred stock | (419,556) | (139,898) | (1,049,744) | (198,040) |
| Deemed contribution related to preferred stock repurchases | 5,517 | — | 5,517 | — |
| Net income (loss) attributable to common stockholders of Strategy | $19,118,933 | $2,645,126 | $(2,273,553) | $8,390,460 |
| Basic earnings (loss) per common share (1) | $47.78 | $9.30 | $(6.27) | $30.83 |
| Weighted average common shares outstanding - Basic | 400,148 | 284,376 | 362,441 | 272,143 |
| Diluted earnings (loss) per common share (1) | $44.75 | $8.42 | $(6.27) | $27.71 |
| Weighted average common shares outstanding - Diluted | 428,049 | 315,393 | 362,441 | 303,986 |
(1) Basic and fully diluted earnings (loss) per common share for class A and class B common stock are the same.
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