Strategy Inc
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $122.4M | $124.3M | $123.0M | $128.7M | $114.5M | $111.1M | $120.7M | $116.1M |
| Cost of Revenue | $40.8M | $40.9M | $41.7M | $38.0M | $35.8M | $34.0M | $34.2M | $34.3M |
| Gross Profit | $81.6M | $83.4M | $81.3M | $90.7M | $78.7M | $77.1M | $86.5M | $81.7M |
| Gross Margin | 66.6% | 67.1% | 66.1% | 70.5% | 68.8% | 69.4% | 71.7% | 70.4% |
| Operating Expenses | ||||||||
| Research & Development | $23.1M | $24.7M | $22.8M | $22.6M | $24.1M | $24.4M | $25.7M | $33.3M |
| SG&A Expense | $39.9M | $37.4M | $36.7M | $38.2M | $36.5M | $40.5M | $36.2M | $33.5M |
| Operating Income | $-8.33B | $-14.47B | $-17.45B | $3.89B | $14.03B | $-5.92B | $-1.02B | $-432.6M |
| Operating Margin | -6,808.1% | -11,641.5% | -14,185.0% | 3,023.4% | 12,256.3% | -5,331.4% | -842.1% | -372.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-8.22B | $-14.47B | $-17.46B | $3.87B | $14.01B | $-5.94B | $-1.03B | $-478.7M |
| Income Tax Expense | $1.6M | $-1.92B | $-5.02B | $1.09B | $3.98B | $-1.73B | $-355.9M | $-138.5M |
| Net Income | $-8.22B | $-12.54B | $-12.44B | $2.79B | $10.02B | $-4.22B | $-670.8M | $-340.2M |
| Net Margin | -6,717.1% | -10,090.6% | -10,112.1% | 2,164.1% | 8,752.7% | -3,797.2% | -555.8% | -293.1% |
| EPS (Basic) | $-24.45 | $-38.25 | $-44.27 | $9.30 | $36.23 | $-16.49 | $-3.46 | $-1.72 |
| EPS (Diluted) | $-24.45 | $-38.25 | $-39.76 | $8.42 | $32.60 | $-16.49 | $-3.46 | $-1.72 |
| Shares Outstanding (Basic) | 352.5M | 333.9M | 277.7M | 284.4M | 275.2M | 256.5M | 192.5M | 197.3M |
| Shares Outstanding (Diluted) | 352.5M | 333.9M | 277.7M | 315.4M | 306.8M | 256.5M | 192.5M | 197.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |