MicroStrategy Incorporated (STRK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 124.3M | 122.99M | 128.69M | 114.49M | 111.07M | 120.7M | 116.07M | 111.44M | 115.25M | 124.48M | 129.46M | 120.4M | 121.92M | 132.55M | 125.36M | 122.07M | 119.28M | 134.51M | 127.99M | 125.35M |
| Revenue Growth % | 11.92% | 1.9% | 10.87% | 2.73% | -3.63% | -3.04% | -10.34% | -7.44% | -5.47% | -6.09% | 3.27% | -1.37% | 2.21% | -1.46% | -2.06% | -2.62% | -2.95% | 2.43% | 0.46% | 13.35% |
| Cost of Goods Sold | 40.95M | 41.68M | 38.01M | 35.75M | 33.97M | 34.17M | 34.35M | 30.93M | 30.02M | 28.22M | 26.66M | 27.12M | 27.94M | 26.72M | 25.39M | 25.2M | 25.68M | 24M | 22.32M | 23.04M |
| COGS % of Revenue | 32.94% | 33.89% | 29.54% | 31.23% | 30.59% | 28.31% | 29.59% | 27.76% | 26.04% | 22.67% | 20.59% | 22.53% | 22.92% | 20.16% | 20.25% | 20.65% | 21.53% | 17.84% | 17.44% | 18.38% |
| Gross Profit | 83.35M | 81.31M | 90.68M | 78.74M | 77.09M | 86.53M | 81.72M | 80.51M | 85.23M | 96.26M | 102.8M | 93.28M | 93.97M | 105.83M | 99.97M | 96.87M | 93.6M | 110.51M | 105.67M | 102.31M |
| Gross Margin % | 67.06% | 66.11% | 70.46% | 68.77% | 69.41% | 71.69% | 70.41% | 72.24% | 73.96% | 77.33% | 79.41% | 77.47% | 77.08% | 79.84% | 79.75% | 79.35% | 78.47% | 82.16% | 82.56% | 81.62% |
| Gross Profit Growth % | 8.12% | -6.04% | 10.96% | -2.2% | -9.55% | -10.11% | -20.5% | -13.69% | -9.3% | -9.04% | 2.83% | -3.71% | 0.4% | -4.24% | -5.39% | -5.32% | -6.73% | -0.02% | 0% | 18.15% |
| Operating Expenses | 98.29M | 17.53B | -3.8B | -13.95B | 6B | 1.1B | 514.3M | 280.78M | 288.93M | 139.05M | 128.05M | 119.99M | 114.28M | 299.55M | 93.92M | 1.01B | 263.56M | 247.98M | 155.34M | 516.56M |
| OpEx % of Revenue | 79.08% | 14250.96% | -2952.94% | -12187.52% | 5400.85% | 913.82% | 443.09% | 251.95% | 250.71% | 111.7% | 98.91% | 99.66% | 93.74% | 225.98% | 74.92% | 831.46% | 220.96% | 184.35% | 121.36% | 412.09% |
| Selling, General & Admin | 73.63M | 68.52M | 68.08M | 70.19M | 68.08M | 71.2M | 68.92M | 70.38M | 68.12M | 69.65M | 64.83M | 66.49M | 64.01M | 70.3M | 62.69M | 65.36M | 59.95M | 70.52M | 61.96M | 63.24M |
| SG&A % of Revenue | 59.23% | 55.71% | 52.9% | 61.31% | 61.3% | 58.99% | 59.38% | 63.15% | 59.11% | 55.95% | 50.08% | 55.22% | 52.51% | 53.04% | 50.01% | 53.55% | 50.26% | 52.42% | 48.41% | 50.45% |
| Research & Development | 24.66M | 22.76M | 22.6M | 24.07M | 24.42M | 25.69M | 33.3M | 30.31M | 29.18M | 30.16M | 29.66M | 29.35M | 31.36M | 31.62M | 30.5M | 31.79M | 33.52M | 30.88M | 28.21M | 28.55M |
| R&D % of Revenue | 19.84% | 18.51% | 17.56% | 21.02% | 21.99% | 21.29% | 28.69% | 27.2% | 25.32% | 24.23% | 22.91% | 24.38% | 25.72% | 23.85% | 24.33% | 26.04% | 28.11% | 22.95% | 22.04% | 22.77% |
| Other Operating Expenses | 0 | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 727K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -14.94M | -17.45B | 3.89B | 14.03B | -5.92B | -1.02B | -432.58M | -200.27M | -203.7M | -42.78M | -25.25M | -26.71M | -20.31M | -193.72M | 6.06M | -918.12M | -169.96M | -137.47M | -49.66M | -414.25M |
| Operating Margin % | -12.02% | -14184.85% | 3023.4% | 12256.3% | -5331.44% | -842.13% | -372.69% | -179.71% | -176.75% | -34.37% | -19.5% | -22.18% | -16.66% | -146.14% | 4.83% | -752.11% | -142.49% | -102.19% | -38.8% | -330.47% |
| Operating Income Growth % | 99.75% | -1616.4% | 999.45% | 7106.4% | -2806.9% | -2275.65% | -1613.4% | -649.87% | -903.11% | 77.91% | -516.75% | 97.09% | 88.05% | -40.92% | 112.2% | -121.64% | 7.2% | -35347.95% | -144.99% | -6646.25% |
| EBITDA | -14.94M | -17.44B | 3.9B | 14.04B | -5.91B | -1.01B | -426.6M | -196.62M | -200.65M | -37.66M | -22.5M | -23.48M | -16.88M | -189.76M | 8.21M | -916.05M | -167.27M | -134.75M | -47.02M | -411.03M |
| EBITDA Margin % | -12.02% | -14181.44% | 3026.66% | 12264.26% | -5325.52% | -837.88% | -367.54% | -176.44% | -174.11% | -30.26% | -17.38% | -19.5% | -13.84% | -143.16% | 6.55% | -750.41% | -140.24% | -100.17% | -36.74% | -327.9% |
| EBITDA Growth % | 99.75% | -1624.69% | 1013.03% | 7241.13% | -2847.81% | -2585.1% | -1795.77% | -737.48% | -1088.98% | 80.15% | -374.16% | 97.44% | 89.91% | -40.83% | 117.46% | -122.87% | 7.26% | -3176.44% | -180.59% | -4472.68% |
| D&A (Non-Cash Add-back) | 0 | 4.2M | 4.2M | 9.12M | 6.58M | 5.13M | 5.98M | 3.65M | 3.05M | 5.12M | 2.74M | 3.23M | 3.43M | 3.96M | 2.15M | 2.08M | 2.69M | 2.72M | 2.64M | 3.21M |
| EBIT | -14.94M | -17.45B | 3.89B | 14.02B | -5.93B | -1.01B | -460.55M | -199.58M | -202.01M | -48.72M | -22.83M | -26.96M | 22.94M | 1.08B | 10.96M | -913M | -167.74M | 9.12M | -48.4M | -415.14M |
| Net Interest Income | -1.82M | -11.07M | -18.89M | -17.9M | -17.11M | -16.46M | -18.13M | -15.47M | -11.88M | -11.93M | -11.01M | -11.1M | -14.93M | -14.84M | -14.07M | -13.19M | -11.04M | -11.63M | -10.72M | -4.4M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.82M | 11.07M | 18.89M | 17.9M | 17.11M | 16.46M | 18.13M | 15.47M | 11.88M | 11.93M | 11.01M | 11.1M | 14.93M | 14.84M | 14.07M | 13.19M | 11.04M | 11.63M | 10.72M | 4.4M |
| Other Income/Expense | -14.45B | -14.75M | -19.61M | -26.17M | -21.04M | -10.31M | -46.1M | -14.77M | -10.19M | -17.86M | -8.59M | -11.35M | 28.31M | -20.67M | -9.18M | -8.07M | -8.81M | -10.97M | -9.46M | -5.3M |
| Pretax Income | -14.47B | -17.46B | 3.87B | 14.01B | -5.94B | -1.03B | -478.68M | -215.05M | -213.89M | -60.64M | -33.83M | -38.05M | 8.01M | -214.38M | -3.12M | -926.19M | -178.77M | -148.44M | -59.12M | -419.55M |
| Pretax Margin % | -11637.55% | -14196.85% | 3008.16% | 12233.44% | -5350.38% | -850.67% | -412.4% | -192.97% | -185.59% | -48.72% | -26.13% | -31.61% | 6.57% | -161.73% | -2.49% | -758.72% | -149.88% | -110.35% | -46.19% | -334.7% |
| Income Tax | -1.92B | -5.02B | 1.09B | 3.98B | -1.73B | -355.93M | -138.5M | -112.49M | -160.77M | -149.77M | 109.61M | -60.3M | -453.19M | 35.29M | 23.96M | 136.11M | -48.02M | -58.46M | -22.98M | -120.2M |
| Effective Tax Rate % | 13.29% | 28.77% | 28.06% | 28.45% | 29.03% | 34.67% | 28.93% | 52.31% | 75.17% | 246.97% | -323.96% | 158.45% | -5660.59% | -16.46% | -768.47% | -14.7% | 26.86% | 39.38% | 38.88% | 28.65% |
| Net Income | -12.54B | -12.62B | 2.79B | 10.02B | -4.22B | -670.81M | -340.17M | -102.56M | -53.12M | 89.13M | -143.44M | 22.24M | 461.19M | -249.67M | -27.08M | -1.06B | -130.75M | -89.98M | -36.14M | -299.35M |
| Net Margin % | -10090.64% | -10261.06% | 2164.12% | 8752.75% | -3797.17% | -555.78% | -293.07% | -92.03% | -46.09% | 71.6% | -110.8% | 18.47% | 378.29% | -188.35% | -21.6% | -870.22% | -109.62% | -66.89% | -28.23% | -238.81% |
| Net Income Growth % | -197.41% | -1781.3% | 918.71% | 9870.81% | -7839.62% | -852.65% | -137.15% | -561.08% | -111.52% | 135.7% | -429.71% | 102.09% | 452.73% | -177.48% | 25.06% | -254.87% | -18.84% | -3481.32% | -153.96% | -8938.12% |
| Net Income (Continuing) | -12.54B | -12.44B | 2.79B | 10.02B | -4.22B | -670.81M | -340.17M | -102.56M | -53.12M | 89.13M | -143.44M | 22.24M | 461.19M | -249.67M | -27.08M | -1.06B | -130.75M | -89.98M | -36.14M | -299.35M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -38.25 | -42.93 | 8.42 | 32.60 | -16.49 | -3.03 | -1.72 | -0.57 | -0.31 | 0.50 | -1.01 | 0.15 | 3.18 | -2.19 | -0.24 | -9.40 | -1.16 | -0.84 | -0.36 | -3.07 |
| EPS Growth % | -131.96% | -1316.83% | 589.53% | 5819.3% | -5219.35% | -706% | -70.3% | -480% | -109.75% | 122.83% | -320.83% | 101.6% | 374.14% | -160.71% | 33.33% | -206.19% | -1.75% | -3211.11% | -140% | -8921.84% |
| EPS (Basic) | -38.25 | -42.93 | 9.30 | 36.23 | -16.49 | -3.03 | -1.72 | -0.57 | -0.31 | 0.58 | -1.01 | 0.18 | 3.90 | -2.19 | -0.24 | -9.40 | -1.16 | -0.84 | -0.36 | -3.07 |
| Diluted Shares Outstanding | 333.91M | 294M | 303.99M | 298.04M | 256.47M | 221.61M | 197.27M | 178.61M | 171.94M | 183.76M | 142.21M | 160.95M | 145.75M | 113.86M | 113.08M | 113M | 112.89M | 106.79M | 99.99M | 97.46M |
| Basic Shares Outstanding | 333.91M | 294M | 272.14M | 265.91M | 256.47M | 221.61M | 197.27M | 178.61M | 171.94M | 153.36M | 142.21M | 132.47M | 118.34M | 113.86M | 113.08M | 113M | 112.89M | 106.79M | 99.99M | 97.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |