The earnings call highlighted significant strategic initiatives, including a rebranding and massive capital raises, alongside a continued focus on Bitcoin and cloud services. Despite challenges in the traditional software business and past impairment charges, the company showed strong growth in new areas and innovative financial strategies.

Company Guidance

During the fourth quarter earnings call for fiscal year 2024, Strategy, formerly MicroStrategy, provided extensive guidance on its financial and strategic directions. The company reported a 50% year-over-year increase in subscription billings and a 48% rise in subscription services revenues, marking a strong performance in its cloud transition. Strategy also discussed its significant role as a Bitcoin treasury company, holding 471,107 Bitcoins with a market value of $46 billion as of February 2025. The adoption of FASB's Fair Value Accounting Standard will result in a $12.75 billion increase to its retained earnings in Q1 2025. In capital markets, Strategy raised $18.8 billion through equity offerings and $6.2 billion via convertible notes, achieving a notable presence as the largest issuer of convertible bonds in a decade. The company has set ambitious targets for 2025, including a 15% BTC Yield and a $10 billion BTC dollar gain, while focusing on issuing fixed-income securities to further its Bitcoin acquisition strategy.

Rebranding and Strategic Expansion

Strategy announced its rebranding from MicroStrategy, emphasizing simplicity, continuity, and ambition. It also launched a new website and merchandise store, and was included in the NASDAQ 100 Index.

Significant Bitcoin Holdings and Valuation

Strategy remains the largest corporate holder of Bitcoin, with 471,107 Bitcoins valued at $46 billion. They adopted FASB’s Fair Value Accounting Standard, leading to a $12.75 billion increase in retained earnings.

Record Capital Raising and Convertible Debt Issuance

Raised $18.8 billion through equity and $6.2 billion through convertible notes in 2024. Notably, they were the largest issuer of convertible bonds in a decade.

Cloud Services Growth

Subscription services revenues increased by 48% year-over-year, and subscription billings grew by 57%, reflecting successful cloud transition efforts.

Introduction of New Financial Instruments

Launched 'Strike' perpetual convertible preferred stock, raising $584 million. Strike offers an 8% fixed coupon and a perpetual conversion option.

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Strategy (MSTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MSTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2025	2025 (Q1)	-0.11 / -	-0.309	―	―	―
Feb 05, 2025	2024 (Q4)	-0.09 / -3.03	0.496	-710.89% (-3.53)
Oct 30, 2024	2024 (Q3)	-0.12 / -1.72	-1.009	-70.47% (-0.71)
Aug 01, 2024	2024 (Q2)	-0.09 / -0.57	0.152	-477.63% (-0.73)
Apr 29, 2024	2024 (Q1)	-0.05 / -0.31	3.179	-109.72% (-3.49)
Feb 06, 2024	2023 (Q4)	-0.06 / 0.50	-2.193	122.62% (+2.69)
Nov 01, 2023	2023 (Q3)	0.03 / -1.01	-0.239	-322.18% (-0.77)
Aug 01, 2023	2023 (Q2)	-0.02 / 0.15	-9.401	101.62% (+9.55)
May 01, 2023	2023 (Q1)	-0.03 / 3.18	-1.158	374.53% (+4.34)
Feb 02, 2023	2022 (Q4)	<0.01 / -2.19	-0.843	-160.14% (-1.35)

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

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MSTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$336.70	$325.46	-3.34%
Oct 30, 2024	$247.31	$244.50	-1.14%
Aug 01, 2024	$151.18	$144.80	-4.22%
Apr 29, 2024	$129.30	$106.50	-17.63%

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.

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