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STRCMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock
$87.46$29.2B
Overview & Verdict
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STRC logoMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock(STRC)Earnings, Financials & Key Ratios

STRC•NASDAQ
$87.46
Price updated Jul 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryData platforms, analytics and business intelligence
AboutMicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.Show more
  • Revenue$477M+3.0%
  • EBITDA-$5.42B-195.4%
  • Net Income-$4.03B-245.6%
  • EPS (Diluted)-15.23-151.3%
  • Gross Margin68.69%-4.7%
  • EBITDA Margin-1135.77%-186.8%
  • Operating Margin-1140.82%-185.3%
  • Net Margin-844.76%-235.6%
  • ROE-11.64%-1.7%

STRC Price & Volume

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) stock price & volume — 10-year historical chart

Loading chart...

Digital Asset Treasury Strategy Distorts Operational Performance

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Digital asset price volatility

Key Thesis Takeaways

  • MicroStrategy's financial profile is fundamentally defined by its aggressive Bitcoin treasury strategy, which creates extreme volatility in net income and asset valuations that obscure the performance of its legacy software business.
  • While the core enterprise analytics segment maintains a stable gross margin of approximately 69%, the company's reliance on debt-funded asset accumulation introduces significant solvency risks tied to digital asset price fluctuations.
  • Investors should monitor the sustainability of capital allocation, as the firm's recent $229.5 million dividend payment and massive intangible asset holdings suggest a high-risk departure from traditional software-as-a-service business models.

Verdict Logic

the company's valuation is disconnected from core software fundamentals, evidenced by a P/S ratio of 52.18 and extreme net income volatility that renders traditional earnings-based analysis unreliable.

STRC Growth Metrics

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-1.04%
5 Years-0.15%
3 Years-1.49%
TTM6.79%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-131.79%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-84.14%

Return on Capital

10 Years-8.13%
5 Years-22.34%
3 Years-9.49%
Last Year-12.56%

STRC Recent Earnings

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$38.25-4337.4%
$0.86
Rev
$124M+2.9%
$121M
Q2 2026
Mar 5, 2026
Metric
Actual
Est
EPS
$42.93-53562.5%
$0.08
Rev
$123M+3.2%
$119M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$42.30-52777.3%
$0.08
Rev
$123M+1.0%
$122M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$8.42+8354.9%
$0.10
Rev
$129M+10.3%
$117M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$38.25vs $0.86-4337.4%
$124Mvs $121M+2.9%
Q2 2026Mar 5, 2026
$42.93vs $0.08-53562.5%
$123Mvs $119M+3.2%
Q1 2026Feb 5, 2026
$42.30vs $0.08-52777.3%
$123Mvs $122M+1.0%
Q4 2025Nov 12, 2025
$8.42vs $0.10+8354.9%
$129Mvs $117M+10.3%
Based on last 12 quarters of dataView full earnings history →

Latest STRC News

Recent stock market news and headlines for MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)

Invezz·Jun 26, 2026
It's not just STRC: Top preferred stocks like SATA and BMNP are slumping

Michael Saylor's STRC stock has made headlines this week as its implosion gained momentum amid the ongoing crypto market weakness. The Variable Rate Series A Perpetual Stretch Preferred Stock plunged from the par level of $100 to a record low of $72.60.

Business Wire·Jun 23, 2026
TEOCO Corporation Selects Strategy to Enhance its SmartCOGS™ BillTrak Analysis Module (BAM) with New Reporting Capabilities

FAIRFAX, Va.--(BUSINESS WIRE)--TEOCO Corporation, a leader in communications analytics, cost management, routing and planning solutions, today announced that it has selected Strategy Inc.'s cloud-native platform, Strategy One, for its SmartCOGS BillTrak Analysis Module (BAM). This collaboration enables TEOCO's customers to streamline analysis and decision-making across the company's flagship cost management solutions by leveraging Strategy One's flexible self-service reporting and AI-powered ca.

Seeking Alpha·Jun 18, 2026
A Distressed Stretch: Buy This Double Digit Yielding Strategy Preferred With Recovery To Par (Upgrade)

Strategy's preferred stock offers a 12.9% yield at $89, with a likely reset to 13.5% and strong asset coverage. STRC's price dislocation is driven by forced selling and options market dynamics, not deteriorating fundamentals or Bitcoin weakness. Strategy is incentivized to defend STRC's par value via dividend increases, supported by a 3.1x BTC rating and $54.5B in assets.

Finbold·Jun 17, 2026
Strategy to pay semi-monthly dividends in July: Here's how much 100 STRC shares will earn

Strategy Inc. (Nasdaq: STRC) begins paying dividends twice a month in July, and a 100-share position stands to earn $96 across the two payouts, according to Finbold's analysis on June 17.

Benzinga·Jun 15, 2026
MSTR Is Not In A Death Spiral, TD Cowen Assesses: Here's What Bears Get Wrong

Benchmark and TD Cowen on Monday pushed back against death spiral fears surrounding Strategy Inc. (NASDAQ: MSTR) as the stock surges 8% on Bitcoin&#

Peers Comparison

Key metrics vs top competitors for MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STRC logoSTRCMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred StockCurrent
$87.46$29.2B-5.742.97%-844.76%-11.64%1.48%
MSTR logoMSTRStrategy Inc
$100.77$33.65B-6.622.97%-2519.39%-24.09%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.95$4.94B-3.5138.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$22.87$8.67B-11.7371.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$13.51$3.47B12.06102.21%-67.66%-29.93%—
CIFR logoCIFRCipher Mining Inc.
$21.73$8.82B-10.1148.04%-512.96%-115.53%—

Compare STRC vs Peers

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSTR

Most directly comparable listed peer for STRC.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare STRC against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSTR, MARA, RIOT, CLSK

STRC SEC Filings & Documents

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 5, 2026·SEC

10-Q Quarterly Reports

2
FY 2026

May 5, 2026·SEC

FY 2025

Nov 12, 2025·SEC

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STRC Frequently Asked Questions

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock's revenue?

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported $490.5M in revenue for fiscal year 2025. This represents a 833% increase from $52.6M in 1997.

How fast is MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock growing?

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) grew revenue by 3.0% over the past year. Growth has been modest.

Is STRC profitable?

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) reported a net loss of $12.36B for fiscal year 2025.

Dividend & Returns
Does STRC pay dividends?

Yes, MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.

What is STRC's return on equity?

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) has a return on equity (ROE) of -11.6%. Negative ROE indicates the company is unprofitable.

What is MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock's free cash flow?

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) generated $7.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in STRC back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →