Short answer
MicroStrategy (MSTR) filed its Q2 2026 10-Q quarterly report on Aug 3, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $122M (up 6.9% year over year) with net income of −$8.2B.
Q2 2026 key financials · XBRL
- Revenue
- $122M
- +6.9% YoY · −1.6% QoQ
- Net income
- −$8.2B
- −182.0% YoY · +34.5% QoQ
- Operating margin
- -6808.1%
- Gross margin
- 66.6%
- EPS (diluted)
- −$24.07
- −167.0% YoY · +37.1% QoQ
Source: XBRL data from the MicroStrategy (MSTR) Q2 2026 10-Q on SEC EDGAR. USD.
MicroStrategy Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- STRC dividend rate 11.50% at June 30, 2026; 12.00% effective July 1, 2026
- 50-basis-point STRC rate increase would raise annual accrual approximately $52.4 million
- Cash, cash equivalents, and short-term Treasuries approximately $2.45 billion
- USD Reserve policy requires minimum reserve covering 12 months of expected annual preferred dividends and interest obligations
- Interest income exposure tied to prevailing interest rates; STRC interest-rate risk deemed immaterial
Risk Factors
- Newly added STRE risk: Euro-denominated payments without an EUR Reserve, exposing dividend capacity to exchange-rate volatility
- Most material market update: STRC dividend adjustments may misalign with investor expectations, causing unexpected trading-price declines
- Regulatory risk: SEC short-sale restrictions could impair convertible-arbitrage strategies and reduce STRK liquidity
- Operational risk: Euro MTF’s limited trading volumes may constrain STRE liquidity and price transparency
- Financial risk: Approximately $6.75 billion outstanding indebtedness as of June 30, 2026 could limit additional capital raising
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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