Strategy Inc.: Mixed — EPS $44.75, Revenue $125.43M
Mixed ResultQ3 2026 · After-market
Did Strategy Inc. (MSTR) beat earnings today?
It was a mixed report for Q3 2026 — Strategy Inc. (MSTR) beat on EPS but missed on revenue.
Earnings Per Share+95.50% surprise
$44.75Actual
Expected: $22.89
vs. year ago +431.5%
Total Revenue-2.75% surprise
$125.43MActual
Expected: $128.98M
vs. year ago -3.0%
Released Oct 29 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $125.43M | $128.69M | -3.0% |
| Revenue detail — reported lines | |||
| └─Product licenses | $3.83M | $17.37M | -78.0% |
| └─Subscription services | $68.59M | $45.97M | +49.2% |
| └─Product licenses and subscription services | $72.42M | $63.34M | +14.3% |
| └─Product support | $37.68M | $51.12M | -26.3% |
| └─Other services | $15.33M | $14.23M | +7.7% |
| Net Income | $19.53B | $2.79B | +601.4% |
| GAAP Basic EPS | $47.78 | $9.30 | +413.8% |
| GAAP Diluted EPS | $44.75 | $8.42 | +431.5% |
Business Highlights
- ➤Grew USD Assets to $5.1 billion and USD Duration to 3.4 years.
- ➤Repurchased $2.0 billion of STRC to support its return to health.
- ➤Upgraded STRF, STRC, STRK and STRD to daily dividends following shareholder approval.
- ➤Daily dividends allow investors to accrue dividends on weekends and holidays.
- ➤Held approximately 848,517 bitcoin as of October 25, 2026.
- ➤Repurchased 20,980,508 STRC shares under the Digital Credit Securities Repurchase Program.
- ➤Approximately $956.7 million remained under the STRC repurchase authorization.
- ➤Andrew Kang will step down as CFO effective November 5, 2026.
- ➤Reza Virasteh will become Executive Vice President and CFO effective January 1, 2027.
- ➤Strategy continues advancing AI-powered enterprise analytics software under Intelligence Everywhere™.
Management Commentary
Phong Le, President and Chief Executive Officer
“Strategy demonstrated its commitment to returning STRC to health. We grew our USD Assets to $5.1 billion, increased USD Duration to 3.4 years, and repurchased $2.0 billion of STRC. We also continued to innovate. With shareholder approval on October 28, we upgraded STRF, STRC, STRK, and STRD to daily dividends, so investors can accrue dividends every calendar day of the year, including weekends and holidays. Daily dividends are a natural step toward the tokenized, 24/7/365 financial system. Digital Credit is being built for that world, and Strategy intends to lead it.”
Andrew Kang, Chief Financial Officer
“Q3 operating income of $21 billion was the largest ever in Strategy’s history. We've also raised $21 billion of equity capital and increased our bitcoin holdings by 26% year-to-date in a challenging bitcoin market. Lastly, it has been an honor and privilege to serve as Strategy’s CFO for the past four and a half years, and I am grateful for the support of Michael, Phong, the Board, our employees and our shareholders through the tremendous growth over that period.”
Michael Saylor, Founder and Executive Chairman
“We’re at the beginning of the next bitcoin bull market. Banks are embracing bitcoin, bitcoin’s dominance among digital assets is growing, institutional demand is back, and bitcoin price is 21% above its 200-week moving average. Digital Credit continues to grow, with $16 billion in notional value across ten publicly listed securities. Strategy continues to lead this industry with 84% market share and STRC returning to strength.”