MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security. The company also provides MicroStrategy Support that helps customers to achieve their system availability and uptime goals, and to improve the overall experience through highly responsive troubleshooting and proactive technical product support. In addition, it offers MicroStrategy Consulting that provides customers with architecture and implementation services to help them quickly realize results, and helps to achieve returns on investment derived from understanding of data; and MicroStrategy Education that offers free and paid learning options. The company provides its services through enterprise sales force and channel partners. It serves companies from a range of industries, including retail, consulting, technology, manufacturing, finance, banking, insurance, healthcare, education, and telecommunications, as well as the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

Strategy Inc

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Unrealized Loss on Digital Assets

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Total Operating Expenses

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Income from Operations

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Weighted Average Common Shares Outstanding - Basic

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Operating Profit

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Revenue

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	128.7	114.5	111.1	120.7	116.1	111.4
Total Revenues %Chg	10.9%	2.7%	-3.6%	-3%	-10.3%	-7.4%
Product Support
Other Services
Product Licenses
Subscription Services
Cost of Sales	38	35.8	34	34.2	34.3	30.9
Product Support
Other Services
Product Licenses
Subscription Services
Gross Profit	90.7	78.7	77.1	86.5	81.7	80.5
Gross Profit
Gross Profit Margin	70.5%	68.8%	69.4%	71.7%	70.4%	72.2%
Selling, General & Administrative Expenses	68.1	70.2	68.1	71.2	68.9	70.4
Sales and Marketing
General and Administrative
Research & Development Expenses	22.6	24.1	24.4	25.7	33.3	30.3
Research and Development
Other Operating Expenses	-3,890.8	-14,047.5	-5,906	1,006.1	412.1	180.1
Restructuring Costs
Digital Asset Impairment Losses
Unrealized Loss on Digital Assets
Operating Profit	3,890.8	14,032	-5,921.4	-1,016.4	-432.6	-200.3
Income from Operations
Operating Margin	3,023.4%	12,256.3%	-5,331.4%	-842.1%	-372.7%	-179.7%
Interest Expense	-18.9	-17.9	-17.1	-16.5	-18.1	-15.5
Interest Expense, Net
Non-Operating Income	-0.7	-8.3	-3.9	6.2	-28	0.7
Loss on Debt Extinguishment
Other Income, Net
Total Non-Operating Income	-19.6	-26.2	-21	-10.3	-46.1	-14.8
Income Before Provision for Income Taxes	3,871.2	14,005.8	-5,942.5	-1,026.7	-478.7	-215
Income Before Income Taxes
Provision for Income Taxes	1,086.2	3,985	-1,725.1	-355.9	-138.5	-112.5
Provision for Income Taxes
Consolidated Net Income	2,785	10,020.8	-4,217.4	-670.8	-340.2	-102.6
Net Income
Net Income Attributable to Preferred Dividends	139.9	49.1	10.6	—	—	—
Dividends on Preferred Stock
Net Income Attributable to Common Shareholders	2,645.1	9,971.7	-4,228	-670.8	-340.2	-102.6
Net Income Attributable to Common Stockholders of Strategy
Basic EPS	9.3	36.2	-16.5	-3	-1.7	-0.6
Diluted EPS	8.4	32.6	-16.5	-3	-1.7	-0.6
Basic Weighted Average Shares Outstanding	284.4	275.2	256.5	221.6	197.3	178.6
Total Shares Outstanding	287.1	281	266.2	245.8	202.6	190.7
Diluted Weighted Average Shares Outstanding	315.4	306.8	256.5	221.6	197.3	178.6
EBITDA	3,897.3	14,043.4	-5,912.6	-1,009	-424.5	-194.6
Effective Tax Rate	28.1%	28.5%	29%	34.7%	28.9%	52.3%