MicroStrategy has fundamentally transformed into a leveraged digital asset holding company, where the legacy software business—contributing only $124.3M in 2026Q1 revenue—is increasingly overshadowed by massive treasury volatility.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Core software revenue growth remains tepid at 11.9% in 2026Q1, while persistent R&D and SG&A expenses continue to limit operating leverage, resulting in a -12.0% operating margin for the same period.
MicroStrategy is the world’s first and largest Bitcoin Treasury Company, positioning it as a dominant player in Bitcoin accumulation.
The company serves as a leveraged proxy for Bitcoin ownership, attracting investors seeking indirect BTC exposure through equity markets.
MicroStrategy employs an aggressive strategy of accumulating Bitcoin through capital markets activity, including convertible debt issuance and structured products.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $44.75+121.6% vs $20.19 | $125M-1.8% vs $128M |
Q3 2026 Jul 30, 2026 | -$24.45-1017.0% vs -$2.19 | $122M-0.5% vs $123M |
Q2 2026 May 5, 2026 | -$38.25-4337.4% vs -$0.86 | $124M+2.9% vs $121M |
Q1 2026 Feb 5, 2026 | -$42.93-53562.5% vs -$0.08 | $123M+3.2% vs $119M |
Many income investors are more exposed to the AI trade than they realize, often through holdings that look "safe." The usual objection that de-risking means giving up attractive dividends doesn't hold up. Two covered call ETFs that I discuss in this piece barely moved during last week's AI sell-off, and the reason is in how they are built.
Strategy (MSTR) is shifting its preferreds—STRK, STRF, STRD, STRC—to daily dividends, aiming to mask volatility and adapt to rising rates. STRK stands out as the only Buy, offering seniority, capital protection, and BTC upside, while STRC provides higher current yield but greater risk. STRC's heavy issuance increased MSTR's leverage, raising solvency concerns and prompting buybacks funded by BTC sales.
When a market rally lifted all boats, two small tokens built on Ethereum left the flagship cryptocurrency far behind, and the reason reveals something uncomfortable about how investors chase gains in crypto markets.
Benchmark STRK against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Strategy Inc (STRK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $67.85 | $22.66B | -4.46 | 2.97% | -844.76% | -11.64% | 1.91% | |
| $128.93 | $42.65B | -8.47 | 2.97% | -9260.26% | -97.51% | 1.01% | |
| $6.35 | $2.42B | -1.72 | 33.47% | -429.71% | -125.83% | — | |
| $16.71 | $6.32B | -8.57 | 66.36% | -196.28% | -48.36% | — | |
| $6.16 | $1.58B | 5.50 | 102.21% | -146.9% | -75.24% | 0.55% | |
| $6.55 | $2.68B | -3.04 | 25.29% | — | -155.51% | — |
Strategy Inc (STRK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Strategy Inc (STRK) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 27, 2026·SEC
Jul 20, 2026·SEC
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Strategy Inc (STRK) stock FAQ — growth, dividends, profitability & financials explained
Strategy Inc (STRK) reported $500.3M in revenue over the trailing twelve months. Revenue was $477.2M in fiscal year 2025. That is 808% more than the $52.6M of fiscal year 1997.
Strategy Inc (STRK) grew revenue by 3.0% in fiscal year 2025, compared with the prior fiscal year.
No. Strategy Inc (STRK) reported a net loss of $34.92B over the trailing twelve months.
Yes. Strategy Inc (STRK) pays a dividend that yields 1.91% at the current price, a moderate yield.
Strategy Inc (STRK) had a return on equity (ROE) of -11.6% in fiscal year 2025. A negative ROE means the company lost money over the period.
Strategy Inc (STRK) generated $11.36B in free cash flow over the trailing twelve months.
