Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC)
NASDAQ:STRC
Want to see STRC full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026After Close (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial commercial and product momentum—large BTC holdings (818k BTC), rapid STRC growth (>$8.5B AUM), strong capital raises (~$11.7B YTD), BTC-per-share accretion (~18% YoY) and multiple accretive capital strategies. These positives were balanced against large noncash Q1 losses driven by BTC price declines (operating loss $14.5B), mark-to-market volatility, tax accounting swings, and dependence on continued STRC demand amid high Bitcoin volatility. Management presented clear mitigation levers (continued accumulation, optionality across STRC/MSTR/debt, stress testing, plan to reduce converts) and an optimistic multi-scenario outlook. On balance, the highlights—ongoing BTC accumulation, rapid product adoption, strong liquidity, and strategic optionality—outweigh the lowlights that are largely market-price driven and noncash, resulting in an overall constructive tone.Company Guidance
Largest Corporate Bitcoin Holder
Holdings of 818,334 BTC (~3.9% of all Bitcoin ever to exist); market capitalization ~$62B; total BTC market value ~ $64B as of May 1, 2026 (BTC price ~$78,035).
Strong Capital Raises and STRC Traction
Raised ~$11.7B year-to-date 2026 (roughly half common equity, half preferred/STRC). STRC outstanding ~$8.5B; STRC reached $8.5B AUM in nine months and is the largest tradable preferred globally with daily trading ~$375M.
Bitcoin Per Share Accretion
Bitcoin per share grew from 181,030 sats (May 2025) to 213,371 sats (May 2026), an ~18% year-over-year increase; YTD BTC yield of 9.4% (compared with 22.8% for full-year 2025); since 2020 BTC/share nearly 4x.
Aggressive Accumulation Despite Volatility
Acquired 89,599 BTC in Q1 (~$7.3B at average ~$80,900) and an additional 56,235 BTC quarter-to-date (~$4.1B at ~$73,400). Generated ~63,110 BTC gains YTD (~62% of full-year 2025 BTC gains in first four months); dollar BTC gains ~$5B YTD vs $8.9B in 2025.
Balance Sheet Liquidity and Low Net Leverage
Cash & equivalents ~$2.2B; long-term debt unchanged at $8.2B; equity ~$9B; net debt ~$6B equating to ~9.3% net leverage against BTC reserve and a 10.8x BTC coverage ratio; management emphasizes modest leverage and high equity base.
MNAV Expansion and Improving Q2 Mark-to-Market
MNAV of ~1.27 as of May 1; reported Q2 unrealized fair value gain of ~$8.3B as of May 1; Bitcoin reserve market value rose to ~ $64B from $51.6B Q1-end as price improved.
STRC Product Metrics & Stability
STRC dividend yield raised from 9% to 11.5% and held flat (2+ months); Sharpe ratio improved to ~2.53; STRC trading tightly in $99–$101 target range (100% of time during Mar–May); 30-day average liquidity 25x the next largest preferred.
Strategic Capital Markets Optionality
Management outlined several accretive trades (sell MSTR to buy BTC at accretive MNAV thresholds, sell STRC to buy BTC or repay debt, retire convertibles). Targeting to double BTC per share in seven years (~10% annualized BTC yield goal).
Broad Distribution & Customer Reach
MSTR distribution: ~1,400 institutions, ~927k retail accounts, ~1,300 ETFs/funds and ~100M beneficiaries; STRC roughly 80% retail-held and estimated ~3M households currently benefiting—viral retail and corporate adoption signals.
Regulatory & Institutional Momentum
Management highlighted bipartisan policy momentum, growing bank integration (e.g., Morgan Stanley, Citi), 125 ETFs ($126B AUM) and 194 public companies with BTC exposure—positioning as accelerating institutional acceptance.
Product Innovation & DeFi Adoption
STRC integration into credit indexes and ETFs (e.g., BlackRock & VanEck rank STRC as #2 holding), tokenized STRC exposure in DeFi ~$270M and growing; management driving product improvements (proposal to move STRC dividends to semimonthly).
Robust Stress Case & Long Runway
Management presented a stress case showing BTC reserve could cover net debt even after a 91% BTC decline; stated that at current reserve size, BTC would need only ~2.3% annual growth to support obligations indefinitely.
Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC) Earnings, Revenues Date & History
STRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $99.00 | $99.01 | <+0.01% |
Feb 05, 2026 | $90.15 | $95.05 | +5.43% |
Oct 30, 2025 | $92.62 | $93.08 | +0.50% |
Jul 31, 2025 | $86.26 | $85.95 | -0.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC) report earnings?
Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC) is schdueled to report earning on Aug 04, 2026, After Close (Not Confirmed).
What is Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC) earnings time?
Strategy Inc 9% Perp Stretch PFD Registered Shs Series A (STRC) earnings time is at Aug 04, 2026, After Close (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRC EPS forecast?
Currently, no data Available