Financial Statements — MSTR
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 2.21 | 0.05 | 0.05 | 0.06 | 0.05 | 0.07 | 0.08 | 0.05 | 0.07 | 0.09 | 0.06 | 0.07 | 0.09 | 0.06 | 0.06 | 0.08 |
| Total Current Assets | 2.39 | 0.21 | 0.21 | 0.20 | 0.19 | 0.21 | 0.24 | 0.20 | 0.21 | 0.26 | 0.20 | 0.22 | 0.25 | 0.20 | 0.21 | 0.25 |
| Total Assets | 54.27 | 73.62 | 64.77 | 43.92 | 8.34 | 7.05 | 6.35 | 3.37 | 3.36 | 3.03 | 2.55 | 2.57 | 3.64 | 2.99 | 2.62 | 2.44 |
| Total Current Liabilities | 0.40 | 0.32 | 0.31 | 0.31 | 0.29 | 0.45 | 0.31 | 0.27 | 0.27 | 0.31 | 0.26 | 0.27 | 0.30 | 0.25 | 0.27 | 0.28 |
| Long-term Debt | 8.20 | 8.17 | 8.16 | 8.14 | 4.21 | 3.85 | 3.56 | 2.18 | 2.18 | 2.18 | 2.38 | 2.37 | 2.36 | 2.15 | 2.15 | 1.72 |
| Total Liabilities | 8.63 | 15.50 | 14.40 | 10.39 | 4.57 | 4.22 | 3.95 | 2.53 | 2.54 | 2.58 | 2.75 | 2.76 | 2.78 | 2.52 | 2.55 | 2.08 |
| Retained Earnings | (6.47) | 18.95 | 16.32 | 6.35 | (1.50) | (1.15) | (1.05) | (1.09) | (0.94) | (0.97) | (1.18) | (1.15) | (0.09) | 0.13 | 0.17 | 0.47 |
| Total Stockholder Equity | 36.65 | 52.33 | 47.48 | 32.22 | 3.77 | 2.83 | 2.40 | 0.84 | 0.82 | 0.44 | (0.20) | (0.19) | 0.86 | 0.46 | 0.08 | 0.37 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (14.47) | (17.46) | 3.87 | 14.01 | (5.94) | (1.03) | (0.48) | (0.22) | (0.21) | (0.06) | (0.03) | (0.04) | 0.01 | (0.21) | -0.00 | (0.93) | (0.18) | (0.15) | (0.06) | (0.42) |
| Tax Provision | (1.92) | (5.02) | 1.09 | 3.98 | (1.73) | (0.36) | (0.14) | (0.11) | (0.16) | (0.15) | 0.11 | (0.06) | (0.45) | 0.04 | 0.02 | 0.14 | (0.05) | (0.06) | (0.02) | (0.12) |
| Net Income | (12.54) | (12.44) | 2.79 | 10.02 | (4.22) | 0.16 | (0.34) | (0.10) | (0.05) | 0.09 | (0.14) | 0.02 | 0.46 | (0.25) | (0.03) | (1.06) | (0.13) | (0.09) | (0.04) | (0.30) |
| Basic EPS | (38.25) | (44.27) | 9.30 | 36.23 | (16.49) | 4.49 | (1.72) | (5.74) | (3.09) | 0.83 | (10.09) | 1.68 | 38.97 | (21.85) | (2.39) | (94.01) | (11.58) | (7.72) | (3.61) | (30.71) |
| Diluted EPS | (38.25) | (39.76) | 8.42 | 32.60 | (16.49) | 4.49 | (1.72) | (5.74) | (3.09) | 3.20 | (10.09) | 1.52 | 31.79 | (21.85) | (2.39) | (94.01) | (11.58) | (7.72) | (3.61) | (30.71) |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.01 | (0.02) | (0.01) | (0.03) | -0.00 | (0.02) | (0.04) | (0.02) | 0.03 | 0.00 | (0.01) | (0.02) | 0.04 | (0.02) | -0.00 | (0.02) | 0.04 | 0.00 | 0.01 | 0.01 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | 0.01 | (0.02) | (0.01) | (0.04) | (0.01) | (0.02) | (0.04) | (0.02) | 0.03 | 0.00 | (0.01) | (0.02) | 0.04 | (0.02) | -0.00 | (0.02) | 0.04 | 0.00 | 0.01 | 0.01 |
| Investing Cash Flow | (7.25) | (3.09) | (4.96) | (6.79) | (7.67) | (18.08) | (1.58) | (0.79) | (1.64) | (1.21) | (0.16) | (0.35) | (0.18) | (0.05) | (0.01) | (0.01) | (0.22) | (0.59) | (0.42) | (0.53) |
| Financing Cash Flow | 7.15 | 5.37 | 4.97 | 6.81 | 7.69 | 18.09 | 1.59 | 0.80 | 1.65 | 1.21 | 0.15 | 0.34 | 0.19 | 0.05 | 0.00 | 0.01 | 0.21 | 0.60 | 0.41 | 0.49 |
* Derived from reported values
