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MicroStrategy Incorporated MSTR
$ 163.35 -7.43%

Quarterly report 2025-Q3
added 11-03-2025

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MicroStrategy Incorporated Income Statement 2011-2025 | MSTR

Annual Income Statement MicroStrategy Incorporated

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

63.9 B 97.8 B 33.4 B 4.44 B 7.27 B 1.57 B 1.45 B 1.58 B 2.28 B 1.96 B 1.83 B 1.42 B 1.11 B 1.24 B

Shares

193 M 137 M 113 M 10 M 9.68 M 10.3 M 11.4 M 11.4 M 11.4 M 11.4 M 11.3 M 11.3 M 11 M 10.7 M

Historical Prices

332 715 295 443 750 135 142 128 192 161 178 129 102 136

Net Income

-1.17 B 429 M -1.47 B -535 M -7.52 M 34.4 M 22.5 M 17.6 M 90.9 M 106 M 5.04 M 83.3 M 20.5 M 17.9 M

Revenue

463 M 496 M 499 M 511 M 481 M 486 M 498 M 505 M 512 M 530 M 580 M 576 M 595 M 562 M

Cost of Revenue

129 M 110 M 103 M 91.9 M 91.1 M 100 M 99.5 M 96.6 M 93.1 M 101 M 135 M 139 M 153 M 142 M

Gross Profit

334 M 386 M 396 M 419 M 390 M 386 M 398 M 408 M 419 M 429 M 445 M 437 M 442 M 420 M

Operating Income

-1.85 B -115 M -1.28 B -785 M -13.6 M -1 M 3.98 M 73.2 M 110 M 134 M 5.1 M 19.4 M 33.1 M 20.9 M

Interest Expense

3.51 M -5.2 M 6.41 M 2.29 M -7.04 M 28.4 M 4.65 M -6.95 M 3.22 M 3.56 M 5.78 M -3.19 M -1.04 M 764 K

EBITDA

-1.84 B -101 M -1.26 B -773 M -293 K 15.7 M 7.68 M 86.9 M 125 M 156 M 45.1 M 45.8 M 54.7 M 33.6 M

Operating Expenses

2.19 B 501 M 1.67 B 1.2 B 403 M 387 M 394 M 334 M 311 M 294 M 425 M 418 M 412 M 405 M

General and Administrative Expenses

141 M 115 M 111 M 95.5 M 80.1 M 86.7 M 86.1 M 80.2 M 79.5 M 80.7 M 96.3 M 105 M 97.3 M 89.4 M

All numbers in USD currency

Quarterly Income Statement MicroStrategy Incorporated

2025-Q3 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

284 M 256 M 197 M 17.9 M 172 M 142 M 13.2 M 11.8 M - 11.3 M 11.3 M 11.3 M - 10 M 9.75 M 9.65 M - 9.62 M 9.74 M 9.98 M - 10.3 M 10.2 M 10.3 M - 11.5 M 11.5 M 11.4 M - 11.4 M 11.4 M 11.4 M - 11.4 M 11.4 M 11.4 M - 11.4 M 11.3 M 11.3 M - 11.3 M 11.3 M 11.3 M - 11.3 M 11.3 M 11.3 M - 11 M 10.9 M 10.8 M - 10.7 M 10.7 M 10.7 M

Net Income

2.79 B -4.22 B -340 M -103 M -53.1 M -143 M 22.2 M 461 M -250 M -27.1 M -1.06 B -131 M -90 M -36.1 M -299 M -110 M 2.66 M -14.2 M 2.66 M 2.66 M 12.2 M 12.2 M 12.2 M 12.2 M 3.3 M 3.3 M 3.3 M 3.3 M -25.5 M 18.2 M 9.95 M 15.6 M 31.1 M 26.6 M 18.9 M 14.3 M 39.1 M 23.9 M 22.5 M 20.5 M 22.7 M -845 K -10.3 M -6.48 M 16.1 M 17.1 M -1.55 M 51.6 M 8.24 M 4.76 M 7.27 M 272 K 9 M 4.92 M 2.88 M 1.13 M

Revenue

129 M 111 M 116 M 111 M 115 M 129 M 120 M 122 M - 125 M 122 M 119 M - 128 M 125 M 123 M 131 M 127 M 111 M 111 M 134 M 120 M 118 M 115 M 132 M 122 M 121 M 123 M 138 M 126 M 119 M 122 M 140 M 130 M 123 M 119 M 144 M 130 M 133 M 124 M 149 M 151 M 142 M 138 M 166 M 142 M 138 M 130 M 156 M 136 M 135 M 138 M 160 M 142 M 138 M 122 M

Cost of Revenue

38 M 34 M 34.3 M 30.9 M 30 M 26.7 M 27.1 M 27.9 M - 25.4 M 25.2 M 25.7 M - 22.3 M 23 M 22.5 M - 21.7 M 24 M 24.5 M - 23.8 M 25.4 M 26.2 M - 23.4 M 25 M 25.2 M - 24.4 M 24.4 M 23.1 M - 22.9 M 24.1 M 22.8 M - 24.7 M 25.9 M 27.1 M - 35 M 35.6 M 33 M - 33.3 M 36.4 M 35.9 M - 34.8 M 34.1 M 35.7 M - 36.7 M 34.5 M 33.2 M

Gross Profit

90.7 M 77.1 M 81.7 M 80.5 M 85.2 M 103 M 93.3 M 94 M - 100 M 96.9 M 93.6 M - 106 M 102 M 100 M 111 M 106 M 86.6 M 86.9 M 109 M 95.9 M 92.4 M 89.2 M 106 M 98.8 M 95.6 M 97.8 M 112 M 102 M 94.8 M 99.1 M 117 M 107 M 99 M 96.2 M 120 M 105 M 107 M 96.8 M 117 M 116 M 106 M 105 M 133 M 109 M 101 M 94.3 M 120 M 101 M 101 M 103 M 123 M 105 M 104 M 88.9 M

Operating Income

3.89 B -5.92 B -433 M -200 M -204 M -25.2 M -26.7 M -20.3 M - 6.06 M -918 M -170 M - -49.7 M -414 M -183 M - -20.3 M 6.33 M -72 K - 4.59 M -4.83 M -10.4 M - 7.22 M -1.8 M 715 K - 21.2 M 14.1 M 20.8 M - 30 M 21.1 M 19.8 M - 30.7 M 34.8 M 22.6 M - -6.99 M -12.7 M -8.35 M - 11.6 M -2.05 M -8.66 M - 7.3 M 10.5 M 1.62 M - 1.54 M 3.47 M 1.08 M

Interest Expense

-716 K -3.94 M -5.03 M 694 K 1.7 M 2.42 M -250 K -1.44 M - 4.9 M 5.12 M 2.22 M - 1.26 M -897 K 2.39 M - -2.97 M -2 M 434 K - 1.88 M 29.4 M -596 K - 798 K 4.46 M -1.59 M - -1.9 M -2.62 M -1.86 M - -473 K 1.76 M -1.67 M - 766 K -2.92 M 4.75 M - 4.93 M -474 K -1.12 M - -3.21 M -419 K 1.71 M - -112 K 1 M -124 K - 969 K -316 K -631 K

EBITDA

- -5.91 B - - -201 M - - -16.9 M - 13 M -918 M -167 M - -41 M -414 M -180 M - -10.9 M 12.2 M 2.68 M - 10 M -1.21 M -8.73 M - 10.7 M 2.07 M 4.01 M - 33.2 M 22.6 M 25.3 M - 43.1 M 29.9 M 24.3 M - 46.9 M 45.1 M 27.7 M - 12.3 M 534 K -1.64 M - 31.2 M 11.1 M -2.2 M - 23.5 M 21.3 M 7.54 M - 14.4 M 11.3 M 4.7 M

Operating Expenses

-3.8 B 6 B 514 M 281 M 289 M 128 M 120 M 114 M - 93.9 M 1.01 B 264 M - 155 M 517 M 284 M - 126 M 80.3 M 87 M - 91.3 M 97.2 M 99.6 M - 91.5 M 97.4 M 97.1 M - 80.4 M 80.8 M 78.3 M - 77 M 78 M 76.4 M - 74.1 M 72.3 M 74.1 M - 123 M 119 M 113 M - 97 M 104 M 103 M - 93.9 M 90.8 M 101 M - 104 M 100 M 87.8 M

General and Administrative Expenses

38.2 M 40.5 M 33.5 M 36.1 M 34.7 M 29.2 M 28.8 M 27.9 M - 27.3 M 28.5 M 26.7 M - 23.8 M 22.9 M 21.7 M - 19.7 M 19.4 M 21.3 M - 19.9 M 21.2 M 22.6 M - 20.3 M 21.3 M 22.2 M - 19.1 M 19.6 M 20.3 M - 19.7 M 21.1 M 22.2 M - 19.8 M 21.1 M 22.1 M - 24.8 M 25.3 M 26.3 M - 24.3 M 26.6 M 26.4 M - 22.5 M 23.1 M 23.7 M - 21.6 M 22.3 M 23.3 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company MicroStrategy Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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