MicroStrategy Incorporated (MSTR) income statement
NASDAQ · Technology · Software - Application · 1,539 employees · CEO Phong Q. Le
- Price
- $130.51 -7.84%
- Market cap
- $52.5B
- Enterprise value
- $56.8B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-04 EPS est. $8.75
MicroStrategy Incorporated (MSTR) reported revenue of $125M for Q3 '26 (-2.5% year on year), operating income of $20.9B (16,670.9% of revenue) and net income of $19.5B. Over the last four quarters revenue was –.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124M | $115M | $111M | $116M | $121M | $111M | $114M | $129M | $123M | $124M | $122M | $125M | |
| Cost of revenue | $28.2M | $30M | $30.9M | $34.3M | $34.2M | $34M | $35.8M | $38M | $41.7M | $40.9M | $40.8M | $35.8M | |
| Gross profit | $96.3M | $85.2M | $80.5M | $81.7M | $86.5M | $77.1M | $78.7M | $90.7M | $81.3M | $83.4M | $81.6M | $89.6M | |
| Research & development | $30.2M | $29.2M | $30.3M | $33.3M | $25.7M | $24.4M | $24.1M | $22.6M | $22.8M | $24.7M | $23.1M | $24.1M | |
| Sales & marketing | $40.3M | $33.5M | $34.3M | $35.4M | $35M | $27.5M | $33.7M | $29.9M | $31.8M | $36.3M | $34.1M | $32.3M | |
| General & administrative | $29.4M | $34.7M | $36.1M | $33.5M | $36.2M | $40.5M | $36.5M | $38.2M | $36.7M | $37.4M | $39.9M | $35.9M | |
| Other operating expenses | $39.2M | $192M | $180M | $412M | $1.01B | $0 | $0 | $0 | $0 | $0 | $8.32B | -$20.9B | |
| Operating expenses | $139M | $289M | $281M | $514M | $1.1B | $92.5M | $94.3M | $90.7M | $91.3M | $98.3M | $8.41B | -$20.8B | |
| Operating income | -$42.8M | -$204M | -$200M | -$433M | -$1.02B | -$15.4M | -$15.5M | -$5K | -$9.97M | -$14.9M | -$8.33B | $20.9B | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.25M | $47.1M | |
| Interest expense | $11.9M | $11.9M | $15.5M | $18.1M | $16.5M | $17.1M | $17.9M | $18.9M | $11.1M | $1.82M | $0 | $15.4M | |
| Other non-operating income (gains on investments, FX ...) | $5.93M | -$1.7M | -$694K | $28M | -$6.15M | $0 | -$14B | -$3.89B | $17.4B | $0 | -$113M | -$47.9M | |
| Total non-operating income | -$17.9M | -$10.2M | -$14.8M | -$46.1M | -$10.3M | -$5.93B | $14B | $3.87B | -$17.5B | -$14.5B | $113M | $32.5M | |
| Income before tax | -$60.6M | -$214M | -$215M | -$479M | -$1.03B | -$5.94B | $14B | $3.87B | -$17.5B | -$14.5B | -$8.22B | $20.9B | |
| Income tax | -$150M | -$161M | -$112M | -$139M | -$356M | -$1.73B | $3.98B | $1.09B | -$5.02B | -$1.92B | $1.56M | $1.41B | |
| Net income | $89.1M | -$53.1M | -$103M | -$340M | -$671M | -$4.22B | $10B | $2.79B | -$12.4B | -$12.5B | -$8.22B | $19.5B | |
| EPS (basic) | $0.58 | -$0.31 | -$0.57 | -$1.72 | -$3.03 | -$16.49 | $36.23 | $9.30 | -$42.93 | -$38.25 | -$24.07 | $47.78 | |
| EPS (diluted) | $0.50 | -$0.31 | -$0.57 | -$1.72 | -$3.03 | -$16.49 | $32.60 | $8.42 | -$42.93 | -$38.25 | -$24.07 | $44.75 | |
| Shares (basic, weighted) | 153M | 172M | 179M | 197M | 222M | 256M | 266M | 272M | 294M | 334M | 343M | 400M | |
| Shares (diluted, weighted) | 184M | 172M | 179M | 197M | 222M | 256M | 298M | 304M | 294M | 334M | 343M | 428M | |
| Depreciation & amortization | $5.12M | $3.05M | $3.65M | $5.98M | $5.13M | $6.58M | $9.12M | $4.2M | $5.63M | $8.79M | $12.4M | $0 | |
| EBITDA | -$43.6M | -$199M | -$196M | -$455M | -$1.01B | -$8.83M | $14B | $3.89B | -$17.4B | -$6.16M | -$8.21B | $21B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $514M | $504M | $498M | $486M | $481M | $511M | $499M | $496M | $463M | $477M | |
| Cost of revenue | $93.1M | $96.6M | $99.5M | $100M | $91.1M | $91.9M | $103M | $110M | $129M | $149M | |
| Gross profit | $420M | $407M | $398M | $386M | $390M | $419M | $396M | $386M | $334M | $328M | |
| Research & development | $73.1M | $78.8M | $102M | $109M | $104M | $117M | $127M | $121M | $118M | $93.9M | |
| Sales & marketing | $158M | $175M | $206M | $191M | $149M | $160M | $147M | $150M | $138M | $123M | |
| General & administrative | $79.5M | $80.2M | $86.1M | $86.7M | $80.1M | $95.5M | $111M | $115M | $141M | $152M | |
| Other operating expenses | $45K | $0 | $0 | $0 | $70.7M | $831M | $1.29B | $116M | $1.79B | $0 | |
| Operating expenses | $311M | $334M | $394M | $387M | $403M | $1.2B | $1.67B | $501M | $2.19B | $369M | |
| Operating income | $110M | $73.2M | $3.98M | -$1M | -$13.6M | -$785M | -$1.28B | -$115M | -$1.85B | -$40.9M | |
| Interest income | $2.2M | $5.21M | $11.9M | $10.9M | $2.52M | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $0 | $0 | $0 | $1.81M | $29.1M | $53.1M | $49M | $61.9M | $65M | |
| Other non-operating income (gains on investments, FX ...) | -$45K | $0 | $0 | $0 | -$70.7M | -$2.29M | -$6.41M | -$39.5M | $19.4M | $5.42B | |
| Total non-operating income | $5.42M | -$1.75M | $16.5M | $39.3M | -$6.33M | -$26.9M | -$46.7M | -$9.48M | -$81.4M | -$5.49B | |
| Income before tax | $115M | $71.5M | $20.5M | $38.3M | -$20M | -$811M | -$1.32B | -$125M | -$1.93B | -$5.53B | |
| Income tax | $22.7M | $53.3M | -$2.02M | $3.91M | -$12.4M | -$276M | $147M | -$554M | -$768M | -$1.68B | |
| Net income | $92.2M | $18.2M | $22.5M | $34.4M | -$7.52M | -$535M | -$1.47B | $429M | -$1.17B | -$3.85B | |
| EPS (basic) | $0.81 | $0.16 | $0.20 | $0.34 | -$0.08 | -$5.34 | -$12.98 | $3.14 | -$6.06 | -$13.89 | |
| EPS (diluted) | $0.80 | $0.16 | $0.20 | $0.33 | -$0.08 | -$5.34 | -$12.98 | $2.64 | -$6.06 | -$15.23 | |
| Shares (basic, weighted) | 114M | 114M | 114M | 103M | 96.8M | 100M | 113M | 137M | 193M | 294M | |
| Shares (diluted, weighted) | 115M | 115M | 114M | 103M | 96.8M | 100M | 113M | 166M | 193M | 294M | |
| Depreciation & amortization | $19.9M | $15.5M | $3.7M | $8.59M | $13.3M | $11.4M | $10.9M | $14.5M | $17.8M | $25.5M | |
| EBITDA | $130M | $88.8M | $7.68M | $7.59M | $70.4M | -$771M | -$1.26B | -$61M | -$1.85B | -$5.44B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02