MSTR MicroStrategy
Q3 2025 10-Q
MicroStrategy (MSTR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 3, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Total bitcoin holdings grew to 640,031 BTC as of Sept 30, 2025, up from 252,220 BTC same quarter last year, nearly $6B increase in market value
- • BTC Yield for Q3 2025 was 5.2% vs 5.1% YoY; nine months BTC Yield 25.9% vs 17.8% YoY, reflecting stronger bitcoin accumulation relative to shares
Risk Factors
- • No newly added risk factors this quarter, risks incorporated by reference from 8-K filed October 6, 2025
- • Most materially updated risk: potential further downgrade from below investment grade Standard & Poor’s credit rating affecting funding access
Quarterly Financial SummaryXBRL
Revenue
$129M
▲ +10.9% YoY▲ +12.4% QoQ
Net Income
$2.8B
▲ +918.7% YoY▼ -72.2% QoQ
Net Margin
2164.1%
▲ +245719bp YoY▼ -658863bp QoQ
Source: XBRL data from MicroStrategy Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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