Revenue segments as reported by the company.

Product licenses

Subscription services

Product support

Other services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales and marketing

General and admin

Digital asset impairment losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MicroStrategy Incorporated

MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989 and is headquartered in Vienna, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MicroStrategy reports strong Q4 revenue, bullish on Bitcoin strategy

MicroStrategy's Q4 2022 performance reflects growth in revenue and a strong focus on Bitcoin acquisition and cloud adoption.
The company's successful Bitcoin strategy and emphasis on innovation position it for future growth.
Challenges include increased expenses and regulatory uncertainties, while opportunities lie in Lightning network adoption and institutional adoption of Bitcoin.
Overall, MicroStrategy remains committed to its strategies and poised for growth in 2023.

MicroStrategy reports Q1 revenue growth, Bitcoin strategy success

MicroStrategy's Q1 performance showed revenue growth driven by software and subscription services, alongside strategic Bitcoin acquisitions and loan repayments. The company's strengths lie in innovation, Bitcoin strategy success, and optimism about Bitcoin's future role. Challenges include macroeconomic environment impacts and selling expansion deals. Opportunities exist in cloud offerings and Bitcoin adoption catalysts.

MicroStrategy reports mixed Q2 revenue, excels in Bitcoin strategy

MicroStrategy's Q2 2023 performance showed mixed revenue but strong growth in cloud business and recurring revenue.
The company's Bitcoin strategy and unique investment options position it as a leader in the evolving digital asset landscape.
Challenges in product license revenue and impact from Bitcoin holdings require strategic management.
Opportunities lie in institutional adoption milestones and potential approval of spot ETFs for broader market impact.

MicroStrategy reports Q3 revenue growth, eyes AI and cloud expansion

MicroStrategy's Q3 performance showed revenue growth and strong subscription billings, underlining a focus on cloud-native models and AI integration for future growth.
The company's strategic strengths lie in AI partnerships, innovative AI features, and a prudent financial approach through Bitcoin investments.
Challenges include macroeconomic uncertainties, organizational transformations, and regulatory adjustments, while opportunities exist in partnerships, Bitcoin ETF approval, and tech sector growth drivers.

MicroStrategy reports Q4 revenue challenges but drives growth through bitcoin strategy

MicroStrategy's Q4 performance reflects revenue challenges but highlights strong growth in subscription services and a robust bitcoin strategy.
The company's focus on customer success, strategic partnerships, and innovative software development positions it well for long-term value creation.
While facing revenue declines and upcoming financial decisions, MicroStrategy remains committed to driving growth through bitcoin acquisitions and software development.
Opportunities in expanding the bitcoin network, capitalizing on digital transformation, and leveraging market acceptance of bitcoin present avenues for future growth and innovation.

MicroStrategy reports Q1 earnings, emphasizes Bitcoin holdings and cloud growth

MicroStrategy's Q1 2024 performance reflects a focus on cloud adoption, BI innovation, and Bitcoin holdings. Despite revenue decline and increased expenses, the company's strategic goals for cloud growth and AI innovation position it for long-term success. Leveraging Bitcoin assets and strategic capital raising indicate a forward-looking approach to driving growth and profitability.

MicroStrategy reports strong bitcoin acquisitions and BTC Yield targets

MicroStrategy's bitcoin strategy and BTC Yield targets are key drivers of performance and investor confidence.
The company faces challenges in revenue decline during the cloud transition but shows strength in operational flexibility.
Opportunities in AI adoption, institutional bitcoin adoption, and cloud conversions pave the way for growth.
Careful management of debt, interest expenses, and leverage capacity is crucial for financial stability.

MicroStrategy leads in bitcoin holdings, plans $21B capital raise

MicroStrategy's performance as a bitcoin treasury company is driving growth and valuation premiums, supported by a strong focus on transparency and shareholder trust.
While facing challenges related to governance dynamics and market volatility, the company's innovative approach and strategic vision present opportunities for expansion and market leadership.
With a commitment to long-term value creation and global adoption of BTC, MicroStrategy is poised to continue its growth trajectory and solidify its position as a market leader.
By leveraging their $18 billion of permanent capital and issuing new securities backed by bitcoin, MicroStrategy is set to capitalize on the evolving landscape of digital finance and cryptocurrency markets.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.

MicroStrategy's innovative strategy of leveraging cheap debt to invest in Bitcoin has significantly increased its market cap from $1.44 billion to over $30 billion in five years. By issuing non-recourse debt at sub-1% interest rates and consistently buying Bitcoin, MicroStrategy has created a self-sustaining cycle of stock price appreciation. The company's increasing Bitcoin per share metric offers direct exposure to Bitcoin's growth, positioning MicroStrategy as a pioneer in a new corporate treasury model.

MicroStrategy's Valuation Journey: Bitcoin's Power And Cheap Debt

Coinbase

Shares of crypto-related companies Coinbase Global (COIN) and MicroStrategy (MSTR) fell Monday following a bitcoin price pullback after a surge this month.

Coinbase Global, MicroStrategy Stocks Drop on Crypto Price Pullback

Bitcoin and cryptocurrency stocks retreated on the final trading day of September, following a rally the previous week. Despite the pullback, the crypto market remains on track to post a positive month, with Bitcoin leading the way.

Bitcoin, crypto stocks retreat following last week's surge, but September remains positive

Bit Digital, Inc

Stellantis N.V. 

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Monday.

Stellantis, MicroStrategy, Bit Digital And Other Big Stocks Moving Lower In Monday's Pre-Market Session

MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (Daily Target 1.75X Long MSTR ETF) has surpassed $400 million in assets under management (AUM).

MSTX, The First Leveraged MicroStrategy ETF in the U.S. Surpasses $400 Million

Defiance Daily Target 2X Long MSTR ETF

MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $300 million in assets under management (AUM).

MSTX, The First Leveraged MicroStrategy ETF in the U.S. Surpasses $300 Million

MicroStrategy's share price skyrocketed over 100% in 2024, although its software business is seeing a year-over-year revenue decline. The firm is working to revitalize its business as it transitions to a software-as-a-service model.

Is MicroStrategy Stock a Buy Now?

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that, on September 19, 2024, it completed its previously announced offering of 0.625% convertible senior notes due 2028 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1.01 billion, which includes $135 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date.

MicroStrategy Completes $1.01 Billion Offering of 0.625% Convertible Senior Notes Due 2028

CleanSpark

Marathon Digital Holdings

Riot Blockchain

U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut boosted risk appetite, adding to the momentum of an industry that has already secured some big wins this year.

US-listed crypto stocks jump after bumper rate cut from Fed

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced the pricing of its offering of $875 million aggregate principal amount of 0.625% convertible senior notes due 2028 (the “notes”). The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). MicroStrategy also granted to the initial purcha.

MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

T-Rex 2X Long MSTR Daily Target ETF

T-Rex 2X Inverse MSTR Daily Target ETF

MIAMI--(BUSINESS WIRE)--REX Shares (“REX”), in partnership with Tuttle Capital Management (“TCM”), today introduces two new ETFs: the T-REX 2X Long MSTR Daily Target ETF (CBOE: MSTU) and the T-REX 2X Inverse MSTR Daily Target ETF (CBOE: MSTZ). These are the first ETFs to provide investors with 200% leveraged exposure and -200% inverse exposure to the daily price movement of MicroStrategy (MSTR), allowing traders to capitalize on MSTR's exposure to the Bitcoin market. "Being the first-ever 2X le.

REX Shares and Tuttle Capital Management Launch 2x Leveraged and Inverse MSTR Daily Target ETFs

MicroStrategy's all-in Bitcoin strategy assumes that Bitcoin will generate annualized returns of 30% or more during the next two decades. MicroStrategy is using debt to buy as much Bitcoin as possible, with the assumption that it will remain the top-performing crypto.

According to MicroStrategy's Michael Saylor, Now Is the Time to Go All-In on Bitcoin. Is He Right?

MIAMI, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $200 million in assets under management (AUM).

MSTX, The First Leveraged MicroStrategy ETF in the U.S. Surpasses $200 Million

MicroStrategy Inc MSTR continues its audacious bet on Bitcoin BTC/USD, recently purchasing $1.11 billion worth of the cryptocurrency between August and September.

MicroStrategy Doubles Down On Bitcoin: Can The Stock Sustain Its Rally?

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). MicroStrategy also expects to grant.

MicroStrategy Announces Proposed Private Offering of $700 Million of Convertible Senior Notes

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it delivered a notice, dated September 16, 2024, of conditional full redemption (the “Notice”) to the trustee of MicroStrategy's outstanding 6.125% Senior Secured Notes due 2028 (CUSIP Nos. 594972 AF8 (144A), U59363 AA6 (Reg S) (the “Notes”). The aggregate principal amount of the Notes being redeemed is $500.0 million, which is equal to the current aggregate principal amount of.

MicroStrategy Announces Conditional Full Redemption of 6.125% Senior Secured Notes due 2028

Shares of crypto-adjacent name MicroStrategy Inc (NASDAQ:MSTR) are 4.2% lower today, last seen trading at $135.56, falling alongside Bitcoin (BTC).

MicroStrategy Stock Sees Higher-Than-Usual Options Volume

Why This Company's All-In on Crypto and What It Means for Investors

MicroStrategy's Big Bitcoin Bet: Risky or Genius?

MicroStrategy shares rose 8% on Friday and 24% for the week. Founder and Chairman Michael Saylor said the company added another $1.1 billion worth of bitcoin to its coffers.

MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion

MicroStrategy, once known for its business software, continues its transformation into a “Bitcoin development company” by significantly expanding its Bitcoin holdings. The company, led by Executive Chairman Michael Saylor, has acquired an additional 18,300 BTC, valued at approximately $1.1 billion, at an average price of $60,408 per Bitcoin.

Michael Saylor's MicroStrategy invests $1.1 billion to add 18,300 Bitcoins to its holdings

Software company MicroStrategy Inc MSTR has purchased more Bitcoin BTC/USD, continuing the company's strategy of buying the leading cryptocurrency asset.

MicroStrategy Stock Climbs After Bitcoin Purchase: Here's How Much BTC Michael Saylor's Company Now Holds

MicroStrategy is a premier Bitcoin play on NASDAQ, positioned for explosive growth during the upcoming Q4 2024 crypto bull run. MSTR has outperformed nearly every S&P 500 stock since adopting a corporate Bitcoin strategy in August 2020, generating almost $5 billion in profit. The company holds 226,500 bitcoins, making it a highly leveraged Bitcoin play, with significant risk factors including Bitcoin price volatility, crypto hackers, and Michael Saylor's influence.

MicroStrategy: Buy Before The Upcoming Crypto Bull Run

Software firm MicroStrategy acquired bitcoin worth $1.11 billion between Aug. 6 and Sept 12, boosting its total holdings of the world's biggest cryptocurrency to roughly $9.45 billion.

MicroStrategy continues bitcoin buying spree, lifting holdings to $9.45 bln

ARM Holdings PLC

Cloudflare

Cloudflare is still expanding its cloud-based CDN and security platforms. MicroStrategy is becoming an all-in bet on Bitcoin.

Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade

Bitcoin and other crypto-related stocks shook off economic and political news this week they might have otherwise not responded as well to. Barclays recently initiated MicroStrategy with an overweight rating.

News for MicroStrategy Incorporated Stock (MSTR)