Strategy Inc (formerly MicroStrategy) operates as a bitcoin treasury company while continuing to sell enterprise analytics software. It accumulates bitcoin on the corporate balance sheet as a primary treasury reserve asset and funds that strategy partly through equity and preferred securities. Its long-standing software business provides business intelligence, reporting, and AI-enabled analytics tools for large organizations. The dual model—software cash flows plus a large digital-asset treasury—sets it apart from pure software or pure crypto peers.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 114.5 | — | 9,971.7 | — |
| Q3 2025 | 128.7 | — | 2,645.1 | — |
| Q4 2025 | 123 | — | -12,620 | — |
| Q1 2026 | 124.3 | — | -12,772.2 | — |
| Q2 2026 | 122.4 | 6.9% | -8,620.3 | -186.4% |
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