MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock(STRF)Earnings, Financials & Key RatiosMicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
the company's reliance on volatile asset appreciation to cover its $229.5M quarterly dividend obligation creates a precarious liquidity mismatch that outweighs the stability of its 67.1% gross margin.
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) EPS & revenue vs analyst estimates — last 2 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $38.25vs $0.86-4337.4% | $124Mvs $121M+2.9% |
| Q1 2026 | Feb 5, 2026 | $42.93vs $0.08-53562.5% | $123Mvs $119M+3.2% |
Recent stock market news and headlines for MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF)
Strategy Inc. (NASDAQ:MSTR) shares are trading higher Monday after the company announced a Digital Credit Capital Framework designed to strengthen its preferred securities, enhance liquidity and preserve long-term Bitcoin exposure, a major shift in how the company manages its capital structure.
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE) (“Strategy”) today announced that it has adopted a Digital Credit Capital Framework designed to strengthen the Company's various series of preferred securities (collectively, “Digital Credit Securities”), enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation for shareholders. The framework includes five components: A Board-Approved USD Reserve policy; A revise.
Strategy faces heightened scrutiny as Bitcoin trades below its $75,656 average buy price, pressuring its financing machine and preferred securities. STRF stands out among the company's four preferreds, offering a fixed 10% coupon, cumulative dividend protection, and top seniority, now yielding 11.5% at a 13% discount to par. STRF's structure provides downside protection and income, with cumulative dividends and escalating missed-payment penalties incentivizing management to prioritize payments.
Among the five preferred series (STRF, STRC, STRK, STRD, STRE), STRF is structurally superior due to its cumulative status and punitive compounding rate (up to 18%). Strategy officially established a USD Reserve on December 1, 2025. This cash is explicitly earmarked to cover dividends for preferred shares like STRF and interest on debt. While the reserve provides a massive cushion, it remains discretionary. Strategy is funding this reserve by selling common stock (ATM program) rather than through business profits.
Strategy's 10.00% Series A Perpetual Strife Preferred Stock (STRF) offers an 11.2% yield, trading at a 10% discount to its $100 liquidation preference. STRF is the senior-most preferred, with cumulative dividends, penalty compounding, governance rights, and high asset coverage—backed by $53.3B in Bitcoin and cash versus $6.7B debt. Recent debt reduction and replenished USD Reserve ($1.4B) reinforce STRF's position, though cash allocation and Bitcoin volatility remain key risks.
Key metrics vs top competitors for MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $94.77 | $31.64B | -6.22 | 2.97% | -844.76% | -11.64% | 1.37% | |
| $97.36 | $32.51B | -6.39 | 2.97% | -2519.39% | -24.09% | — | |
| $60.68 | $20.26B | -3.98 | 2.97% | -2519.39% | -24.09% | — | |
| $12.05 | $4.59B | -3.27 | 38.2% | -234.83% | -51.65% | — | |
| $21.17 | $8.03B | -10.86 | 71.89% | -132.76% | -28.78% | — | |
| $12.48 | $3.2B | 11.14 | 102.21% | -67.66% | -29.93% | — |
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) stock FAQ — growth, dividends, profitability & financials explained
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) reported $490.5M in revenue for fiscal year 2025. This represents a 833% increase from $52.6M in 1997.
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) grew revenue by 3.0% over the past year. Growth has been modest.
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) reported a net loss of $12.36B for fiscal year 2025.
Yes, MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) pays a dividend with a yield of 1.37%. This makes it attractive for income-focused investors.
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) has a return on equity (ROE) of -11.6%. Negative ROE indicates the company is unprofitable.
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF) generated $7.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
