Short answer
MicroStrategy (MSTR) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $124M (up 11.9% year over year) with net income of −$12.5B.
Q1 2026 key financials · XBRL
- Revenue
- $124M
- +11.9% YoY
- Net income
- −$12.5B
- −197.4% YoY
- Operating margin
- -11641.5%
- Gross margin
- 67.1%
- EPS (diluted)
- −$38.25
- −132.0% YoY
Source: XBRL data from the MicroStrategy (MSTR) Q1 2026 10-Q on SEC EDGAR. USD.
MicroStrategy Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Bitcoin holdings 762,099, up from 528,185 YoY; carrying value $51.65B vs $43.55B
- Q1 bitcoin purchases $7.25B; unrealized loss $14.46B vs $5.91B YoY
- Capital-markets proceeds $7.36B vs $5.70B YoY, primarily class A stock and STRC Stock
- Bitcoin market price $67,773 at March 31, 2026, down from $82,445 YoY
- Near-term outlook: continued bitcoin accumulation, subject to market conditions, financing opportunities, liquidity needs and capital structure needs
Risk Factors
- New STRC dividend-rate discretion risk triggered by preferred-stock issuance; market expectations may depress STRC trading value
- STRE Euro-payment exposure without an EUR Reserve; Euro appreciation could limit full dividend payments
- SEC short-selling rules and market reforms could impair convertible-arbitrage demand, reducing STRK liquidity
- STRE Euro MTF listing faces limited trading volumes, reducing liquidity and timely price information
- $8.25 billion outstanding debt as of March 31, 2026; leverage could constrain capital for bitcoin strategy and software operations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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