The earnings call reflects a strong strategic focus on Bitcoin and innovative financial strategies, resulting in significant capital raising and market leadership in Bitcoin holdings. Despite challenges in the software segment and market perception of credit instruments, the company's performance metrics and innovative approaches contribute to a largely positive outlook.

Company Guidance -

Q3 2025

During the recent earnings call, Strategy provided comprehensive guidance reflecting their ongoing commitment to Bitcoin and innovative capital market strategies. The company now holds 553,555 bitcoins, valued at $52 billion as of April 28, 2025. In the first four months of 2025, they acquired an additional 106,085 bitcoins at an average price of $93,600 each. Strategy raised $6.6 billion through an ATM equity offering and issued a $2 billion convertible note, along with $1.4 billion from preferred stock offerings. They announced an ambitious "42-42" capital plan, targeting $42 billion in equity and $42 billion in fixed income by the end of 2027. The company is raising its 2025 BTC yield target to 25% and its BTC dollar gain target to $15 billion, reflecting confidence in further shareholder value creation. The call also highlighted Strategy's capital markets innovation, aiming to maintain a disciplined leverage ratio between 20% and 30%, while emphasizing a strong focus on capital efficiency and strategic Bitcoin accumulation.

Largest Corporate Holder of Bitcoin

Strategy remains the largest corporate holder of Bitcoin in the world, holding 553,555 bitcoins with a total market value of $52 billion as of April 28, 2025.

Record Bitcoin Acquisition and Market Developments

Acquired an additional 106,085 bitcoins for $9.9 billion, averaging $93,600 per Bitcoin. The Trump administration recognized Bitcoin as a national reserve asset, boosting institutional interest.

Successful Capital Raising

Raised $6.6 billion through ATM equity offerings, $2 billion via convertible notes, and $1.4 billion through preferred stock. Demonstrates strong investor support and market access.

Outperforming Major Indices and Companies

Since adopting the Bitcoin strategy in 2020, MicroStrategy stock has appreciated 2,887%, outperforming Bitcoin itself and every S&P 500 company, including NVIDIA.

Innovative Financial Instrument Issuances

Issued new preferred stocks 'Strike' and 'Strife', offering attractive returns and trading volumes, successfully tapping into new investor classes.

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

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MSTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	-0.09 / -	-1.72	―	―	―
Jul 31, 2025	2025 (Q2)	-0.10 / 32.60	-0.574	5779.44% (+33.17)
May 01, 2025	2025 (Q1)	-2.44 / -16.49	-0.309	-5236.57% (-16.18)
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)

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

MSTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$401.86	$366.63	-8.77%
May 01, 2025	$381.60	$394.37	+3.35%
Feb 05, 2025	$336.70	$325.46	-3.34%
Oct 30, 2024	$247.31	$244.50	-1.14%

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.