Strategy Inc (MSTR) Form 10-Q — Nov 2, 2026
Strategy Inc reported Q3 2026 net income of $19.5 billion ($47.78 basic EPS), driven almost entirely by a $20.9 billion gain on its bitcoin holdings, which stood at $70.8 billion fair value at quarter end. Software revenue of $125.4 million was roughly flat to slightly down year over year, and the Bitcoin segment now represents approximately 99% of total assets. The nine-month picture is far weaker: a net loss of $1.2 billion (-$6.27 EPS) including a $1.9 billion loss on digital assets for the year to date, after $1.05 billion in preferred dividends paid.
Key figures
- Eps
- 47.78
- Revenue
- 125427000
- Net Income
- 19532972000
- Total Debt
- 6715414000
- Revenue Yoy
- -2.5% (Q3: $125.4M vs $128.7M)
- Total Assets
- 77151549000
- Cash Position
- 2501456000
- Btc Debt Maturities2027
- 1049894000
- Q3 Gain On Digital Assets
- 20912392000
- Digital Assets Fair Value
- 70824007000
- Gain On Debt Extinguishment Q2
- 113900000
- Preferred Repurchase Program
- $2.0 billion (upsized from $1.0 billion)
- Atm Common Proceeds Nine Months
- 13642442000
- Common Stock Repurchase Program
- $1.0 billion (none repurchased)
- Preferred Stock Redemption Value
- 14109839000
- Preferred Dividends Paid Nine Months
- 1048298000
- Preferred Repurchases Paid Nine Months
- 1340000000
- Software Segment Net Income Nine Months
- 33591000
AI analysis
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